How do we feel about cryptocurrency?

[sir pball]

I wanted to make a poll, but I pay for nothing (besides RunKeeper) online. So, to likely the most tech-savvy group on here..

Is cryptocurrency: Yay Cryptonomicon!; a Ponzi Scheme; or a viable global medium of exchange that is fundamentally sound but is having serious teething problems and needs a lot of refinement and maturity?

Me, based on my very limited understanding of code, sorta reasonable understanding of cryptography, and pretty good math education, say BTC and other CCs are very likely the embryonic forms of the Galactic Credit Standard.

[DaveJ]

1. I would rely on real money.

Unless you are into it for the social aspect of it, I'd take money more seriously. Any amount I'd put into something stable.

I wish I had been able to start saving earlier in life. Now that I am I've got the assistance of a close relative who, based on his experience, found that more conservative investments pay off better in the long run. Riskier investments may or may not pay off, and in the end might balance out to net positive, or might not, there's just no way of knowing. You might get a 10% rate of return yearly over time by following a strategy created by Morningstar or some other firm that provides analysis and in 20-30 years that becomes enormous.

So basically I think real money has matured over the course of thousands of years, whereas virtual money has no validity in my mind. It's just a trend, IMO.