peace and low stress

it will be the next bubble that bursts and we will end up bailing out their loses like in 2008.

The big money return in crypto is:::
1. Starting it, hyping it, selling it, and getting out, leaving the
suckers holding the bag.
2. Handling/storing it for others.
...a. Not your own money/crypto. Someone else's money/crypto.
...b. Lots of fraud/money manipulation/theft/lack of regulation.
3. Backed by trust/faith/great promises/optimism... but no
real assets.
4. It can literally disappear and good luck with lawsuits.
------------------
A few have profited by 'investing' but not the majority.

Do you think it will ever have value?

before the Great Recession on mortgage scams and derivatives (something else I know nothing about). But the whole thing
came crashing down in 2008. A friend of mine tried to get me to invest in the Dot Com bubble, he was worth millions and ended
up losing everything in 2000. Looking back over my 77 years I regret not buying land. I could have bought old farm and mining
land for a few hundred dollars an acre that is now selling for $50k to $100k an acre.

peace and low stress

I hope that my sons will be considered early adopters

It is one of the very, very few that has made profit.
And that is only because people want to believe in it.
Even bitcoin has no real assets backing it.

BC is used as a fantastic example of crypto but it is a lucky outlier.

Hundreds of others have flopped.

I don't plan to sell. I plan to give it to my kids when they get older.

I don't get it to be honest. This story was interesting :

wild times in the dump..

Therefore, no bitcoin for me. Not mine!

This was the AI Assist answer:

It is an asset created by people like Big Balls and fluctuates with the whims of the market.

Since we did away with the Gold Standard in Nixon's era.

So now, what exactly is the dollar based on?

The best explanation I ever heard went like this;

The US Dollar is backed by the "Full Faith and Credit of the United States Government".

But in practical terms, what does that mean exactly?

It means that the American people have for decades, been reliably getting out of bed in the morning, going to work and willingly paying taxes on their wages, and those payments are made before the worker gets his paycheck.

And we don't (Or at least historically haven't) protest wildly or storm the capital (again, until only recently) every 4 years. And Congress is seen, rightly so, to have unlimited taxing power over the people (which they do), and as such, we have never defaulted on any debt incurred by said government.

In short, the US Dollar is backed by the people and their willingness to go to work every day, 5 days a week, at least (for most) 50 weeks a year.

Now....
Can anything REMOTELY similar be said about any type of crypto currency?

I think not.

I don't speculate on the Euro or the Yen or the Swiss Franc or the Renmimbi or Wheat or Pork Bellies.

I sure as fuck aren't going to be using or speculating on something dreamed up by a guy with a computer and too much time on his hands.