Donald Trump warns crypto a 'very dangerous thing' President Trump stresses the only currency he wants is the dollar. Dec. 20, 2021
(video.foxbusiness.com)
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Crypto is open source, you can read the source code that makes it work. Not only that, you can make a copy to start your own currency. It's permissionless to use, permissionless to copy and innovate.
Bitcoin was created to give humans another option besides the slave currencies. It's about freedom, not getting rich quick.
my problem with crypto is that it feels like Elon Musk and a few others can make it go up and down very quickly, making it easy to game the system for him and few others. We plebs can get lucky and ride the market, but that's not much different than WSB pump and dumps tbh.
That's true, that's not the problem that crypto solves. Prices still move according to the whims of the market, which is heavily influenced by celebrities. Most people don't think for themselves which makes it easy for big guys to swing everything with just a tweet.
But crypto does solve the problem of only-a-tiny-group-of-people-understand-and-operate-the-financial-system. You can get an open source bitcoin wallet that doesn't ask for your passport, your email, your name, your religion. And then someone can send you as much money as thrh have without asking anyone's permission. And the only way the big guys can turn it off is if they turn off the internet.