915 days a year 😂
This is a screenshot short of my kucoin account that have me a year wrap
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 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…
no safe guards
That’s the point.jpg
You’re free to hold your crypto on an exchange, you’re free to buy a hardware wallet and do your due diligence when confirming transactions, you’re free to create a multisig for your coins and tokens to introduce multiple factors for signing.
But it’s your choice.
people dying, losing keys
That’s on them, it’s like stuffing money into a mattress and not telling your family.
mining coins are destined to die
Mining’s not great for sure, but “destined to die” makes no sense.
Inflation is necessary so that people spend the thing
That’s kinda funny, because in the case of Ethereum, the deflation comes from people using and spending Eth on gas.
I’m also not saying that Ethereum is the perfect currency to replace fiat, the utility there comes from everything that’s built on top of it.
Widen your horizon, crypto isn’t just a medium for payments.
