It may seem like it, but it sure isn’t like it. You’ll obviously hear about the bad and nothing about 5he good, unfortunately that’s how media works nowadays.
Do you want to elaborate on those issues that are unacceptable and unfixable? I’m not saying there aren’t any, but you’re describing a trade-off, and crypto isn’t the only thing in the world with trade-offs.
Fiat is a great example - conveniet, nice, until it starts hyperinflating, until people use it to fund wars, until the government confiscates it because you insulted a politician on Twitter.
From scams to just cyber attacks with no safe guards would make everything impossible to handle. There is no bank covering you or insurance. People dying, losing keys etc drive deflation. BTC/Mining coins are destined to die. Maybe there is something there, but it certainly isn’t finance.
Inflation is necessary for multiple reasons, but you can read on that yourself. Such as; what would happen if everyone considered holding to money an investment? IMO these facts make Fiat sound so much better…
Last time I checked all of those had real world value before the scams started.
For cryptos, it seems to be the other way around. They are trying to solve issues at the cost of having issues that are unacceptable and unfixable.
It’s Not About the Technology, It’s About the Money
It may seem like it, but it sure isn’t like it. You’ll obviously hear about the bad and nothing about 5he good, unfortunately that’s how media works nowadays.
Do you want to elaborate on those issues that are unacceptable and unfixable? I’m not saying there aren’t any, but you’re describing a trade-off, and crypto isn’t the only thing in the world with trade-offs.
Fiat is a great example - conveniet, nice, until it starts hyperinflating, until people use it to fund wars, until the government confiscates it because you insulted a politician on Twitter.
From scams to just cyber attacks with no safe guards would make everything impossible to handle. There is no bank covering you or insurance. People dying, losing keys etc drive deflation. BTC/Mining coins are destined to die. Maybe there is something there, but it certainly isn’t finance.
Inflation is necessary for multiple reasons, but you can read on that yourself. Such as; what would happen if everyone considered holding to money an investment? IMO these facts make Fiat sound so much better…