system
Given the following post, respond as if you're commenting on Reddit:
human
CMV: Bitcoin/Cryptocurrency/Blockchain technology is NOT viable as a future currency

Greetings,

Through personal experience with Cryptocurrency trading and mining, it believe that it cannot sustain as a future currency that people use universally. It seems that at this point, Bitcoin and other cryptos are being used like a **commodity**. It hold value and people are using it for investment purposes instead of using it to buy goods. On top of that, volatility of the prices could cause goods to require a ridiculous amount of crypto (like Germany and the wheel barrel full of money) or shoot up in price where people just hoard as much as they can for investment purposes.

Is it possible that the decentralization of cryptos could stand as a prevalent technology and currency in the future?
gpt
Anything is a currency if people think it is. Humans used pretty stones as money. Then gold. Now it’s just paper. Look at diamonds. The price is artificially high. The earth has so much of it but because people value diamonds as rare the price reflects its. The US dollar bill use to be backed by gold and silver. You could take it to a bank and get that much in gold. Now it’s backed by nothing except other governments saying it is. Crypto is controlled by the people using it. The more people use it the more it will be worth and the more it will be accepted. A dollar is the government saying you can buy X amount of things with this. Crypto is the people saying you can buy X amount of this. When governments fall crypto will allow people to trade with each other without the government. Look at Venezuela, their dollars aren’t worth the paper it’s printed on so they are resorting to crypto because their government keeps diluting their money without their say. The longer crypto is around and being used the less volatile it will be. People that are just using it as an investment are hurting the market more than anything. For it to be valuable you have to use it. A diamond is just hard compressed carbon but because people use it as a status symbol, diamonds are valuable just like gold.