I don't own any crypto but I think this is an overly reductive take and fails to make comparisons to its natural competitors - cash and gold. Cash has zero intr

I don't own any crypto but I think this is an overly reductive take and fails to make comparisons to its natural competitors - cash and gold. Cash has zero intrinsic value and while gold's intrinsic value is non-zero it would be worth far less if only industrial uses were considered. It isn't reasonable to compare crypto to stocks or farmland for this reason. The distinction between cash and crypto boils down to if you have more trust in centralization or de-centralization.