The Limited Use Case for Bitcoin and Crypto Currencies In this commentary, I focus on the fundamental concepts of commodity money (Precious Metals), Fiat currencies (Dollar, Euros etc) and memory money (Bitcoin). Thus, I will avoid the technical aspects of the fiat currency system and blockchains. Money is a human concept or idea. When we discuss the technical details, we can lose our way. I will begin this non-technical commentary by making the following opening assertion.
Crypto is the modern Tulip, and Blockchain is a fraud looking for idiots to embrace.
"Will Gold resume its position as the dominate form of money...".
"Dominant" actually.