BTC has market cap equal to a speculative technology company. What will Apple co

BTC has market cap equal to a speculative technology company. What will Apple correct to with iphone purchases abate? What happens to all overpriced tech stocks? Because BTC are a share of STOCK in the BTC network. This is the optimum use of BTC technology: eliminating the stock markets and their trading fees: ie; “fractional trade of interest in title.”

Excuse making and evidence are two different things:

– The tech is open to monopolization.
– The tech is easily open to state seizure.
– The assets are stolen all the time.
– The tokens aren’t insurable by the insurer of last resort.
– The tech is fragile.
– The usability is sh*t and appears unsolvable.
– The transaction time is waaaay too long for widespread use.
– The data storage scheme is waaaay to big for widespread use.
– There is no means for expiration or consolidation of fractional amounts.
– The entry and exit points require real world conversions to real world currencies (torrents do not).

What will happen is what I said will happen: states will move to the next monetary system, which is direct access to treasury, tagged money (tracable), using high response time, redundant, central data stores, taxed per transaction rather than requiring organizations to collect taxes.

AFAIK BTC was developed for the purpose of simplifying the drug and arms trade. That is how it will be prosecuted. Because the state will mandate its own currency as it does now. Every state will do so out of necessity of protecting state financing.

Furthermore the internet will be balkanized within the next ten to twenty years (if not sooner by china), ending the open borders unregulated wild west of the internet exchange of information – largely because it is in tolerable for authoritarian countries to permit political competition on the western model. It will happen in china first then russia, then it will spread from there.