But crypto bros are often delusional about what intrinsical value exists in the normal market, compared to crypto coins where they invent the value. Therefore manipulation of value compared to real world markets becomes a lot more abstract.
"For the love of money is the root of all evil: ..." -- 1 Timothy, 6:10
It's not the money that is evil, it is the things we do because of the desire we have for it.
Further correction though, it actually says “the love of money is the root of all kinds of evil.”
If you really go down the rabbit hole, pride is probably the root of all evil. It’s certainly the root of greed.
That depends on the translation you're using[0] ... it might be interesting to go back to the original (as best we can).
Also "all kinds of evil" can be interpreted in (at least) two ways, so it's ambiguous anyway.
But as with all these things, it's perhaps best to use the text to spark a search for a truth, or at least a useful guiding principle.
[0] https://www.biblegateway.com/verse/en/1%20Timothy%206:10
9 and those wishing to be rich, do fall into temptation and a snare, and many desires, foolish and hurtful, that sink men into ruin and destruction,
10 for a root of all the evils is the love of money, which certain longing for did go astray from the faith, and themselves did pierce through with many sorrows;
That is worth more than most any other use for crypto.
I can sell crypto to anyone, anywhere.
That cannot be used to purchase anything, anywhere.
Its only useful for a very narrow subset.
So, yeah, the "no questions asked" part is wrong. You can send money to anyone on earth, after a middleman takes a cut on your fiat exchange, the transfer, and the next fiat exchange, with questions asked, public for the world to see.
Unless you're actually going to directly use the cryptocurrency (which is generally impossible), it needs to be converted to/from fiat, which requires a bank transfer.
So after 20 mins of clicking some buttons I get my fiat currency in my bank account. And it costs 2 usd + some negligible amount.
Hedera is the way.
What happens when the product is faulty or not even arriving?
That's part of proof of stake of our society.
The same with lawyers and normal contracts.
All of it is part of our proof of stake.
Visa provides insurance and fraud detection.
Crypto promised solving the issues of the fiat.
It just doesn't do that at all and need all of the mechanics of our proof of stake system while consuming a lot of energy for it's own proof of work.
You can do those same transfers cheaper and faster on an Ethereum layer 2.
That's exactly the use of crypto. Illegal being based on a random law by a random government in a random country.
Had I been able to transfer Eth, which I didn’t see as an option last August, I would have been delighted with such a choice.
Bitcoin did not solve any real problem and you still need an additional mechanism to make sure that the thing you get back, actually happens.