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You aren't missing anything. Crypto doesn't solve an existing problem. It was created by arrogant software engineers who thought they know monetary policy bette
by boc 5y ago
You aren't missing anything. Crypto doesn't solve an existing problem. It was created by arrogant software engineers who thought they know monetary policy better than people who devote their entire lives to the study.
It's survived because it happened to make a great natural ponzi scheme, which then made some people rich, and made some people financially invested in pumping the price higher, who now spend all their time telling you how useful it is in an attempt to get you to buy into the "Crypto" universe but really just want your fiat.
It's a libertarian currency. Don't be surprised that it's a greater-fool nightmare - that's exactly the point. There's a reason that the True Believers get the majority of the coins for no mining costs and the rest beg for fractions of a coin. It's pure FOMO and reflected in their unofficial motto: "Have fun staying poor".
All of the people replying to you trying to convince you that crypto makes sense have a personal financial interest in getting you onboard. They have a larger interest in shooting down dissent and mocking non-believers, because if people stop believing the whole house of cards comes down.
I stand to gain nothing if you believe me or don't believe me, so take it however you wish.