**It's so strange to be in the midst of all that is going on with Crypto currencies. One thing is the Social media, Steemit and general excitement. The other thing is the actual money so many of us is making. Careers are made, people are making something of themselves, ideas are blossoming, creativity is incredible. We navigate exchanges, wallets, addresses, ledgers. If someone told me I was going to be doing cryptos almost full time two, or even a year ago - I wouldn't have believed them.** 

![1200px-Davos_Congress_Centre.jpg](https://steemitimages.com/DQmWfVU3PU9krjZ2WVifW8fA4WyStcRUzCfPDKGNU5BjA2c/1200px-Davos_Congress_Centre.jpg)

At the same time the "old world", the "normal world" which I only occasionally read about when I bother to open a mainstream newspaper has a totally different (and wrong) and very lacking view of crypto currencies. 

And that is something we see when we read what our "leaders"  talk about in Davos. This is supposed to be the "economic forum". And when it comes to cryptos, the level is retard. 

- They Slam Bitcoin, but praise Blockhain
- Bitcoin is a currency primarily used for illicit activities 
- There is no intrinsic value for something like Bitcoin

So let's look at those three statements.

##  Bitcoin is terrible but Blockchain is good

Yes. Bitcoin has scaling issues and is not the greatest crypto at the moment. But don't forget that Bitcoin was where it all started. You can't say that Bitcoin sucks and Blockchain is great. But the reason they're doing it is because they want to spread the narrative that the utility tokens are good, whereas the currency aspect of cryptos is bad. They probably aren't that afraid of tokens being used to fund start ups and investments in companies built on top og Blockchain technology. 

## Bitcoin is used for illegal activities

So, here is another example of how "Bitcoin and other pure cryptocurrencies are being used for illegal activities". Another attempt at deligitimization. But how true is it? The fact is that even though a Bitcoin account may or may not be pretty anonymous, the transaction is 100% traceable on the blockchain. 

Whereas a hand to hand transaction between two persons in fiat paper money often is 100% anonymous. No one knows where one paperbill comes from or to whom it is transferred to. That is why FIAT-currency is the number one currency for criminals - even after the creation of cryptocurrencies.

Currencies like Zcash or Monero on the other hand are 99,99% untraceable, but even they have errors that make them not 100%

## There is no intrinsic value

This argument is the most absurd one - and one that it is so fucking frustrating to argue with people about. First of all - Bitcoin or any other crypto is LIMITED. 21 million Bitcoin. That's it. Sure, theoretically one could fork Bitcoin into oblivion, but as we see with these forks - most of them are shit and they are worthless. 

Second, Bitcoins have to be mined. Transactions must be verified, and this is costly. Estimated cost for Bitcoin right now is somewhere between $900-1300USD per Bitcoin in electricity cost. 

Turn it around - what's the intrinsic value of FIAT? When you ask a "normal" person, and especially a person that is heavily invested in the current system (typically an educated person with a college degree and a good job in the public sector, either engineer or something with economics), they usually get a very angry look on their face, and they often start with verbal abuse (we call it hersketeknikk in Norwegian, which is directly translated as ruling technique or I-try to make you feel small-technique) 

And their argument usually goes something like this; "Well..fiat currencies have value because we as a society has decided that it does have value..bla bla bla..and we put trust in central banks, interest rates, bla bla bla.."

For anyone who easily could navigate being their own bank and taking their own responsibilty - it just sounds like utter nonsense. Meaningless nonsense. But you try to turn it around and use the same arguments back at them. 


## So that's the level we're on

It's still being discussed on kindergarden level, but it's important for us who is involved in the space to get some earth-to calls. It's not all roses, as we learned with Bitcoin. I was so blinded by Bitcoin in the beginning and mid 2017..that I almost failed to see the warning signs. Luckily I reality checked myself and diversified my portfolio. 

I don't think we should diversify out of cryptos, but I think it's important that we also look at issues and roadblocks ahead. And a good thing by the way with the stagnant market now is that technology is able to catch up a little bit. 


![imageedit_5_4144076436.png](https://steemitimages.com/DQmNaeMkLkk4HZJ69piUzUEsMhc3fYRuSBYbBxKH7CKi1Vp/imageedit_5_4144076436.png)