What I hate about crypto: These extreme positions on the subject. It has become like politics, bipartisan. How is this useful? Where is the middle ground?
I like the idea of crypto currencies, if done well, but what we see are not actual currencies, imho. They are volatile assets at best, but usually just scams generally.
And if they aren’t designed to be scams, they will definitely be abused as one, looking at DOGE.
The extremes are "Cryptocurrency is the future of all money" and "Cryptocurrency is a fractal set of scams all the way down."
Idk if I’d call it a “fractal set of scams”, but I think “more bad than good” is a fair characterization.
I'd argue that the middle ground is "We'll see."
I’d argue that the web had Facebook, EBay, Google, and Amazon 13 years after launching, what are the crypto folks waiting for if it’s so revolutionary? Where are the killer apps, and how much longer do we have to wait?
I really like that description. Did you come up with that?
Kind of like Tether, but you know, not Tether.