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Crypto still has value, but bitcoin itself has shown little value in any of the things it's supposed to be a solution for. It's not really that decentralised (i
by HyprMusic 4y ago
Crypto still has value, but bitcoin itself has shown little value in any of the things it's supposed to be a solution for. It's not really that decentralised (in as far as most people trade through exchanges, and the miners have pooled their power to elicit control), the transaction fees are too high to be good for commerce, it's too volatile to be a store of money, and it's not anonymous enough to be used on illicit markets (the majority of them have moved to Monero). In my opinion, for crypto to flourish bitcoin needs to die.
That said, I also don't believe it will go to zero because there's one thing it's great at.. speculation. It's an ingenious bit of technology that the general public doesn't really understand and so the greater fool theory will continue to prove true.