This argument, that the existing financial markers and institutions are broken for the average person, is somewhat addressed in the linked twitter thread. But

This argument, that the existing financial markers and institutions are broken for the average person, is somewhat addressed in the linked twitter thread. But that doesn't necessarily mean that the present alternatives (bitcoin, altcoin of your choice) are THE answer either. It's not a binary thing. Something may emerge that is valuable and useful and decentralised but I haven't seen anything that fits the bill yet. For the vast majority of people Bitcoin is an investment because the price is going up. The price is going up because lots of people think it's a good investment. It's a self-fulfilling prophecy until it's not. Then it's every person for themselves and someone will be left holding the bag. Yes, some people can use Bitcoin to buy goods and services. But if all the speculators were to decide they wanted to exit the market at approximately the same time do you really think the price is going to hold anywhere near where it presently sits? And are those people using Bitcoin for purchases going to hold, or are they going to exit their positions too? Phrased more simplistically - can we all agree that the vast majority of xCoin holdings are speculative?