Why are the two different camps on Crypto so extreme? Has technology not evolved sufficiently for us to determine whether it's a good or at least decent investment? What are your thoughts?

Cryptocurrency is, as the name suggests, a digital currency.

According to Investopedia, a currency is a medium of exchange for goods and services. In other words, you use it as a form of payment for the items and services you purchase.

The nature of cryptocurrency and its underlying blockchain technology creates several key issues:

• It is not widely accepted.

• It takes a long time for a transaction to be completed and written to the blockchain (otherwise it is quite insecure).

• It is highly speculative.

The above 3 points makes cryptocurrencies highly unfeasible to be used to facilitate the exchange of goods & services. You could be paying 1 coin for a cup of coffee today and 3 coins the next.

As to whether I would invest in it, the answer is no, but that is just because I personally don't believe it has any intrinsic value. This is the same reason why I do not invest in gold as well.

That being said, I have not read up much about how popular cryptocurrencies plan to tackle the aforementioned challenges. So I am open to a discussion on this.

Think the most concern- crypto is not regulated by govt. Unlike other finanacial product