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Speculators are a tiny minority of investors. You are giving them far too much power.
There are decent criticisms of Bitcoin. You somehow missed them all with this rambling.
Yes, I'm aware the bank could have limitless accounts and try to obfuscate the information. In practice, everyone knows the account numbers of the exchanges.
Bitcoin addresses a host of failures of the current system by making financial transactions fully transparent. There is an inability to to leverage money 50 to one like Societe Generale taking accounts to the casino. There is an inability to inflate the currency. There is no need for banks since everyone *is* a bank and can conduct global transactions anytime anywhere for free.
It's not perfect, but the current system is broken.
Bitcoin isn't necessarily puffing itself up either. It's actually a very good idea. Whether this incarnation is a flash in the pan or not only time will tell, but cryptocurrency is a permanent thing now.
As long as you continue to believe what you do and spread the word then you can help keep prices low on things of actual value while the rest of us run like hell from debt leveraged fiat currencies.
No, poor pay in no way justifies lawlessness in the uniform - but if the police were actually held to the law, most of them would be in prison in short order and the people that we really want to take their place will be somewhere else, making more money and dealing with less stress.
Poor pay?? I will never understand why this misconception cannot be stamped out. That concept was true decades ago, but not today. Many Miami Police Beach Patrol Officers make well over $100K.