To paraphrase Lyn Alden, there is not and has never been a problem I have, that crypto can solve for me or 99% of people.
#Bitcoin , on the other hand, solves the hard globally-portable savings problem as I can travel anywhere with it without issue.
This isn't the same with gold or cash as there are many problems transporting these across borders in large quantities.
I don’t see better money than #Bitcoin for this purpose, and that’s a very, very big problem to solve.
USD Stablecoins (I don't consider Stablecoins crypto) solve some developing market money problems in countries with collapsing and failing currencies, the number of which are growing dramatically.
Stablecoins also act as a bridging tool while #Bitcoin is still volatile- I admit, this is a big problem right now.
I do respect the collectable angle for crypto. I collected comics in the early 90s , some of which are worth thousands of dollars today.
I guess you can buy an ape NFT and get a membership to that club where you show your status by showing off your "elite" avatar. But this is a niche that only carries value in these small, rather unique, communities and they don't solve any problems.
DeFi is full of buzzwords and scams. Short for Decentralized Finace, this category of crypto claims to be an alternative to mainstream finace and banking.
The reality is that DeFi is a COMPLETELY centralized and unregulated dark alley of crypto with annoymous teams placing themselves between you and your money. It's mainly about trading and leveraging worthless tokens.
Crypto is mainly a circular ponzi where, in almost 15 years into that industry, there have been no more than a couple exciting and promising experiments in a sea of false narratives and broken promises.
#Bitcoin and stablecoins are clearly very interesting and promising to me.
linked-In, X and Nostr, for example, don't need a blockchain so there's no reason for 99% of people to migrate to the increasingly expensive and unsecure crypto alternatives.
It could be argued that crypto acts as a casino and can be empowered from Bitcoin, Stablecoins, and the Lightning Network.
The reality is that the overwhelming majority of “crypto” either don’t solve a problem, solve a mirco niche interest, or simply act as a giant black whole for scams and lies.
