This. A lot of comments in here spewing hatred toward crypto seem to come from a psychological defense mechanism. People were wrong and decided not to move to crypto and are now doubling down on that position to feel better about their poor choices.
It doesn’t seem obvious that people who didn’t put money into cryptocurrencies were wrong. Even if you happened to through sheer luck buy low, sell high during one of the pops, that doesn’t mean everyone else was wrong any more than saying someone else was wrong for not playing roulette and selecting the right ending slot.
Your “buy low sell high” take is pretty short-sighted. For many, it’s a change in currency from fiat to digital. You on-ramp in but you don’t back out into fiat.
You're speaking about a subset of crypto traders that go right back to fiat.
I assumed making money was your metric, but if the metric is “change in currency from fiat to digital” I would argue that after nearly fifteen years of little adoption for mainstream, lack of ability to use cryptocurrency for anything but black market goods and super niche products, and what seems like an utter chaotic ecosystem dominated by con artists, cryptocurrencies are a pretty abject failure on that metric as well.
You can transact at any store that accepts credit cards with a crypto credit card.
There are countless uses for blockchains now from DeFi, gaming, social networks, NFTs, entertainment streaming, DAO’s and decentralized governance, and on and on the list goes.
I recommend you catch up to 2022 crypto if you don’t already know that.
The other poster roundly dispatched your comment about using a “crypto credit card” so I’ll defer commentary on that.
On the others: the crux of my argument was adoption and usage, with the implication that cryptocurrency was better for the usecase than traditional methods. Of course you can shoehorn a blockchain or “the chain” into any usecase, just like I can use C to write a frontend service, but it doesn’t make sense because C isn’t the best or even a good tool for the job. I can buy bananas and put them on the blockchain, doesn’t mean there is any reason to do so aside from pumping up any cryptocurrency holdings I might have, perhaps BananaCoin or BananaICO or Gorilla NFTs, which I just invented right now.
In the end your pithy comments aren’t going to convince me to start shoehorning blockchain into my day to day transactions — as much as I might long for a decentralized currency — and my fact-based analyses aren’t going to convince someone who has a financial or psychological interest in bitcoins or cryptocurrency or NFTs to abandon them. I suggest we just agree to disagree.
This is such a bad faith argument - you are transacting at any store in the fiat currency that store accepts and not crypto. That a service exists to seamlessly deduct an amount of crypto equivalent to that fiat is no more novel than one providing the same service between two fiat currencies, gold or Nuka cola caps.
