Cryptocurrency Is Gambling
coinmarketcap.com
coinmarketcap.com
It would be like going to a drag race and claiming "cars are gambling". It ignores all the people using cars for commuting to work, getting groceries, etc. How about re-phrasing this to "cryptocurrency speculation is gambling"?
But when you look at the half the crypto from the top 50, most of them I don't think they will ever have any realistic level of real world adoption.
They all sell some pipe dreams of future DeFi this or future IOT smart contract, etc. Sounds pretty much like just cherrypicking some niche area of use case just for the sake of differentiation, yet somehow it's worth billions of dollars in market cap.
How about just focusing on delivering a p2p crypto payment that is actually cheap, fast and preferably eco-friendly like what Satoshi envisioned in the first place?
If only there was a company that financed such ventures.
Retail investors are usually not the best at due diligence, and the current situation (economical and psychological) certainly isn't helping.
https://www.chia.net seems to be a promising candidate to deliver that vision. I read their “green paper” and watched some interviews, and they seem to have jumped through the regulatory hoops already, in the hope to become a legitimate use case for institutions and governments. Also, it's founded by Bram Cohen, the inventor of the BitTorrent network.
Instant payment, scales well, doesn’t use a standard block system (uses a block lattice instead), doesn’t rely on mining so is extremely green.