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There are many here who have seen crypto to overpromise and underdeliver for over 10 years. PS Mined some BTC in 2011 and some LTC in 2012-2013. The original
by sireat 5y ago
There are many here who have seen crypto to overpromise and underdeliver for over 10 years.
PS Mined some BTC in 2011 and some LTC in 2012-2013.
The original promise (per Satoshi) was that it could be used as electronic money. That goalpost was moved onto other currencies and sidechains and regular public acceptance has been low.
Most of crypto activity is related to other crypto(see Ethereum, see DeFi). All of the "cool" stuff happening in crypto seems to be dealing with other crypto...
It is useless to non-crypto people.
The only somewhat useful moral use case are remittances to unstable countries.
The rest of crypto is just bad bad stuff: scams, ransomware, large scale capital transfers by bad actors(tax evaders being the least evil).
I am in a business(high rate of CC fraud) where I would really benefit from an easy onramp for non crypto users.
PSS Last not least, POW and the horrible incentives going along with it is a serious issue as well. POS remains unproven in the field.