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if presence of crypto accelerated various central banks towards faster digitization like India's UPI or very recent US FedNow then I'd consider that a success o
by DesiLurker 3y ago
if presence of crypto accelerated various central banks towards faster digitization like India's UPI or very recent US FedNow then I'd consider that a success of crypto. you cannot claim otherwise just like you have to acknowledge role of Linux in us not be completely beholden and nickle & dimed to death by the likes of MS/Apple.
to be clear I still think crypto is completely take over by grifters & charlatans & the environmental footprint of proof-of-work is abysmal but still its good to have a decentralized alternative to central bank fractional reserve paper money. its as close to gold as we are ever gonna get now. if it were not so they (not just US but all around world) would not be trying to kill it that hard.
PS: dont own crypto