I’d like a monkey too please 
The one in ace ventura is pretty cool too 
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Binx!!
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Me too. The Cockney rhyming slang one. £500 
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For Bitcoin, it’s estimated that:
20% is in lost or locked wallets
20% has been stolen
Of the other 60%, the 6 largest wallets control the price
27% of millennials have some exposure, dropping to 3% among the over-55s
FCA needs to get the public to understand that they monitor AML for crypto firms, but still have no control over crypto itself
Like this chap here:
Most cryptocurrencies you can trace the transactions for.
For example you can trace the entire history of any Bitcoin wallet or Ethereum wallet, can see how much BTC they sent, when they sent it and where they sent it.
For example someone just now sent 0.05 ETH (roughly $61 right now) and paid 0.001 ETH (roughly $1.30) to do so: Ethereum Transaction Hash (Txhash) Details | Etherscan
Unfortunately that’s not strictly true - HMRC in UK treat any kind of conversion from one crypto to another as a ‘disposal’ which is a taxable event.
It gets pretty complicated, pretty quickly!
Just seen that someone posted the HMRC tax guidance on crypto another thread. It’s worth a read!
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Add-in even more complexities:
Or why they had £1000 in crypto yesterday, but whilst they were sleeping someone emptied their wallet because they didn’t keep it offline on a USB stick…or the exchange they were using did a Mt Gox.
Crypto has no inherent value, only that some people are willing to pay for it. The only legitimate places I know that still accepts it are IT retailers like Scan…who sell GPUs that miners use. It’s currently an object of speculation, rather like tulips were back in the 1600s and I’d suggest staying well away from it until they have exhausted literally every other store of wealth on the planet.
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Good luck trying to police the internet for people being “wrong”
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I don’t think it’ll ever happen. Crypto is a niche market and the risks involved with the banks side are massive.
Imagine someone losing all their money from it to be told the bank can’t help them? You’ll be upset.
Stops illegal and fraudulent stuff too
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I don’t think Monzo will near term, but Crypto is anything but a niche market these days.
Maybe five years ago but 2020/2021 it’s a different beast the market cap is around 1.5 trillion currently and growing at an incredible rate.
Next five years will see everyone and their dog owning crypto. Banks will use every tactic possible to stop a new form of finance emerging.
We are a long way from scraping the need for banks, but I can see a time in future where they are redundant. Banks won’t want to lose trillions and trillions from customers.
At the moment your money is just a number in a database held by a bank provider. To me it makes no difference if that database is one or it’s distributed.
If my employer could pay straight to me in crypto I would fine with that. Just need adoption of businesses to accept as a form of payment. Nuke the old direct debit system etc
For me 2020 was a cashless year, I imagine 2021 will be the same without touching paper or physical coins.
Haven’t needed a debit/credit card for years with Apple/Google Pay. I represent the vast minority that live that way but in a decade cashless will be the norm and paying with crypto too.
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Also bad for the environment. Have you seen how much electricity it takes to mine each new coin? 
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Not a chance this happens!
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The amount of electricity doesn’t matter if it can be from renewable sources like wind and sun.
We already have countries using 100% renewable sources. Next two decades it’s expected the planet will be near 100% renewable.
It’s expected that something like bitcoin will be volatile currently as it’s still an infant in the grand scheme of things. Give it a few decades. That’s why there’s stable coins like Tether atm.
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No, it’s still niche. There’s a few high-profile people with a surplus of cash looking for places to put it, but as currencies go, crypto has very little utility --at least in legitimate circles, but massive volatility. It’s rather like everyone decided to buy up the last of the Argentine austral before they were melted down and attempted to value them by trying to hit numbers on a dart board.
Currencies come and go, but unless you can use them to buy your groceries or pay your bills, they’re worthless.
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It’s all relative. If we are looking back at crypto from where it is today from where it was five years ago it’s completely changed.
It used to be a very unknown techie geeky thing that nobody had heard of, we now it splashed over BBC and most of the planet has seen and heard the word bitcoin even if they haven’t yet looked into buying it.
The adoption of it has dramatically increased over the past two years, next decade it’s going to be a big change. It’s one of those lifetime moments that will happen. The same as seeing the last petrol/diesel cars run of the factory line.
We aren’t going to see it this decade but eventually you’ll be able to buy your Sainsbury’s with it.
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I feel like you’ve responded as if I stopped here
The amount of electricity doesn’t matter
Rather than
The amount of electricity doesn’t matter if it can be from renewable sources like wind and sun.
What do you mean? Account/sort code or wallet address it’s the same thing. Add income to this location.
It probably won’t be bitcoin itself but one of the altcoins better suited to financial transactions.
You’ll be able to walk into Gregg’s tap your phone, and it’ll debit from crypto rather than fiat.
Until you see those we accept X coin signs you’ll have solutions that take current Mastercard/Visa and convert.