Ok, I'll grant scarcity, but it's also part of the previously-mentioned end-run around the worst parts of the current fiat system.
Ether offers no utility beyond token scams. NFTs the same, except double.
> Moving money is a benefit, but the least interesting use case of crypto.
Moving money without the IRS/DOJ/FBI/CIA/NSA/Mossad/PLA peeking over your shoulder is literally the killer app for cryptocurrencies. BTC is obviously failing at this particular task for anyone on a KYC exchange, but cash and tumbler markets are still thriving, and there's always Monero and ZCash, as well.
Speculation is value and a utility in itself. There is nothing inherently wrong with speculating on an asset. In fact, if we're truly honest here, most holders/traders of crypto are mostly there to grow their wealth. This is currently the real killer app of crypto: spectacularly growing your wealth in record time, or the opposite: losing it all.
I would generally agree that most things built on top of Ether are useless, hype-driven or simply scams. But details matters. When the dust clears, I believe there to be a future for some current experiments in a more mature form, but I won't digress too much.
For sure I believe you can still go underground in crypto and dodge everything, but I don't believe it to be the killer app or highly common.
Indeed, because they're there for speculation, not value or utility.
> there's scarcity (Bitcoin), utility (ether), Defi/staking, NFTs, the metaverse, whatever.
Ok, I'll grant scarcity, but it's also part of the previously-mentioned end-run around the worst parts of the current fiat system.
Ether offers no utility beyond token scams. NFTs the same, except double.
> Moving money is a benefit, but the least interesting use case of crypto.
Moving money without the IRS/DOJ/FBI/CIA/NSA/Mossad/PLA peeking over your shoulder is literally the killer app for cryptocurrencies. BTC is obviously failing at this particular task for anyone on a KYC exchange, but cash and tumbler markets are still thriving, and there's always Monero and ZCash, as well.