Thank you for your reply. I do however think that you left out a lot of issues that are relevant. First cryptos are not considered currencies at the moment so comparing them to a currency may or may not be relevant if governments do not acknowledge them in this way.

As you know, if they do not, it will be a tough road for them because of the types of regulations and taxation they will have to navigate. If they are continued to be looked at as a asset, very few will be able to survive. Also until we really have some use cases we are not really sure if they will actually work and what the downsides to having a decentralized currency will be.

I am writing a post about this now to be completed tomorrow about whether we actually need more and different money. People constantly talk about the potential upsides of decentralization but what about the downsides. Who do you call when something goes wrong? If you follow what is happening with Bitconnect, it can point to some real challenges going forward that will certainly cause regulation the type of which might make cryptos less or even unattractive.

My point is that we need to truly understand what the animal is before we are sure that it can hunt.

Thanks again and please continue to watch this stuff closely and write great articles about it. I am doing my best to do the same.