There are a lot of valueless assets that trade on markets, many completely uncontrolled.

Eliminate the dollar and make our national currency comic books?

It's worse than I thought

and people swarm to buy it. Trump and his wife have both done it too.

I do see one advantage, because I know someone who lives in a country with currency that's almost worthless outside the country. If they'd years ago started filtering some money into Bitcoin, it would be available if they moved to Europe or the US. Of course, if it had plunged rather than exploded, they'd be out of luck. But because it's so unregulated, you can buy in secret and park it outside your country.

Good grief, I just realized that Trump named an entire new government "agency" after Musk's coin, and then put Musk in charge of it. The arrogance and triteness and griftiness of these people, and I use that last word knowing it's not really appropriate for these monsters.

https://en.m.wikipedia.org/wiki/Dogecoin

Dogecoin (Abbreviation: DOGE; sign: Ð) is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time.

It is considered both the first "meme coin", and more specifically the first "dog coin". Despite its satirical nature, some consider it a legitimate investment prospect. Dogecoin features the face of Kabosu from the "doge" meme as its logo and namesake.

It was introduced on December 6, 2013, and quickly developed its own online community, reaching a peak market capitalization of over US$85 billion on May 5, 2021.

snip

I see he did support it and invested in it, but he just clambered on the bandwagon, I guess.

In an interview promoting his new podcast, Dogecoin creator Jackson Palmer launched another scathing broadside against the crypto industry.

https://decrypt.co/101641/dogecoin-creator-jackson-palmer-i-wish-it-was-the-end-of-crypto-but-its-not

However, you are required to accept US currency if offered and when reporting income to thr IRS the money must be converted to US dollars and if taxes are due, paid to the government in US dollars. What’s also interesting is that the IRS considers bitcoin and crypto to be property, rather than currency. Each transaction could potentially be a taxable event.

I wouldn’t consider paying or accepting bitcoin very practical though given the volatility alone.

Just copyright laws ?

Or at least it would be nearly impossible.

I like this person’s explanation. There’s more links on Google.

https://medium.com/@jelmersteen76/can-bitcoin-be-faked-a-deep-dive-into-satoshis-creation-646785aebe02

Amazing. 10:33 AM

Conclusion: Can Bitcoin Be Faked?
Bitcoin’s tricky setup, with its blockchain, secret codes, and miners all over the world, makes it super hard to fake. It’s like having everyone watch every transaction, with super-strong locks and a million computers protecting it. So, forget faking Bitcoin — it’s close to impossible!

While some worry about people messing with the market, Bitcoin’s special features, like everyone seeing every transaction, make it almost impossible to cheat. So, the answer is clear: you can’t really fake Bitcoin!

https://medium.com/@jelmersteen76/can-bitcoin-be-faked-a-deep-dive-into-satoshis-creation-646785aebe02

and lost-- QuadrigaCX in Canada (the CEO died mysteriously, leaving no access to client accounts).

There was some poor loser who lost the number of his "wallet" when he discarded a laptop hard drive, and went about crazy trying to get it from the landfill:

What happened to the guy who tossed a hard drive with 7500 bitcoins?
James Howells, from Newport, who claimed his ex-girlfriend mistakenly threw away a hard drive containing 8,000 bitcoins in 2013, has given up on retrieving the wallet, currently worth £695m, but has been hit with a £117,000 legal bill from his fight.Aug 7, 2025
Is this the end of the Newport tip Bitcoin saga? - BBC

BBC
https://www.bbc.com › news › articles


It's not that regular currency can't be stolen or lost, just usually not in that amount.