So that more blockchain opportunists, web3 wanderers and crypto trojan horses blossom in the next cycle, chant the same 'this time is different' screed and cause another crash?
No. This blockchain cycle needs to stop, now that we know that they have no solutions or usecases other than gambling.
I supported Ukraine with crypto. (in < 30 seconds, Sunday night)
I've bought actual stuff I liked on Internet with crypto (the only other option was PayPal which is blocked in my country).
There is sure a lot of dirty things going on on crypto but there are definitely totally legitimate use cases. You can gamble with fiat, you can gamble with crypto.
You can donate/buy with fiat, you can donate/buy with crypto.
I'm an opportunist who is in web3 and NFT space too, which is literally a free economy, and no one has to participate. Anyone can happily buy their NFTs if they find a value in them, and anyone can use crypto to transfer/donate money or buy things. Things can surely crash, so can fiat, stock market, or whole country economies.
A poor excuse to use a useless and broken system for after 15+ years is still slow at sending payments (which is supposedly the primary usecase) and is incinerating the planet doing useless computations just for fake tokens.
No thanks at all, a system that does this needs to be destroyed.
Such as being the fastest way to do gambling and speculation which the majority of people are using it for. 'DeFi' projects that gets hacked all the time with people losing their money in all cases.
Pretty useless and broken for anything else, because it is not solving anything than useless blockchain puzzles that we both know are no good for the earth.
Well I've already gave perfectly valid examples from my own life, and you keep telling that it's only for gambling (which is a valid use case too anyway).
I don't have any more time to waste with non-open mindeds.
Anecdotes is not evidence or at all valid and is completely worthless.
> you keep telling that it's only for gambling (which is a valid use case too anyway).
With all speculation that is the majority of what everyone is doing in the crypto space, this still proves it is pretty useless for anything else as I said.
Nothing has changed, more people like yourself included will continue to glance at the price of this worthless tokens and lose money in the process.
Besides already using crypto for legit purposes, I don't know about your losses but I'm happy with the nice car that I've bought with the right crypto investments.
I'm sure that is your great message for those who lost all their life savings, college funds, commited suicide, lost their house and can't pay their bills with all the tokens you sold them to.
If only society were a deterministic machine where we as the operators had perfect knowledge of the internal state.
If society and economics were a computer, if we were the infallible geniuses we think we are, we could simply compose a software to centrally plan society.
This is the impression I get from cryptocurrency haters on this site.