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If crypto were just a scalable way to perform global transactions without friction, that would actually be useful. However, right now crypto: - is not scalabl
by yunohn 4y ago
If crypto were just a scalable way to perform global transactions without friction, that would actually be useful.
However, right now crypto:
- is not scalable at all
- is not private at all
- doesn’t have KYC, so it’s possible to be global
- doesn’t follow lows or AML, so you can fund /technically/ illegal things like SciHub
- UI/UX is so bad that even experts accidentally lose everything
- 99% of volume and value is speculation and wash trading