Is Crypto Dead?
(www.spectator.co.uk)
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Crypto isn’t meant to be currency. Crypto is meant to be your participation in the function of a network. There is the flaw in most people. They view crypto as a stock.
Crypto won’t die because it serves a purpose. Micro transactions, distributed computing power etc. obviously there are shit coins that do nothing. Those will die. But things like bitcoin, ethereum, Cardano, monero, loopring, lumen, ripple, helium etc all have a purpose.
So which ones are deep state assets used to traffic children, drugs, and guns? Because you know that’s happening. Plus, they pump and dump them all the time.
I’m not saying they will all disappear, but I have a feeling they won’t all continue in their present form.
The proponents of crypto will defend it to the death. It may serve a purpose, but a volatile currency with no backing other than public sentiment seems shady at best to me. Especially considering where most public sentiment starts on the bot farms.
I understand what you’re saying but It’s the same as any form of barter. Silver and gold are used for all the same evil things. They are also used for good things. We’re not the only ones who want to hide our transactions.
Doesn’t matter what the barter token is. My point is that the system has a value outside of barter and will not disappear like some hope.