The main use case for cryptocurrency ought to be as a method of payment that relies on trusting no third party. Think Venmo or PayPal or Google Pay, without having to trust Venmo or PayPal or Google. You might not value not having to trust any 3rd party, but maybe you should.
But this is why I say the worst thing that ever happened to crypto was for its price to skyrocket. Because now nobody cares about trustless transactions, they just care about Number Go Up.
The main use case for cryptocurrency ought to be as a method of payment that relies on trusting no third party. Think Venmo or PayPal or Google Pay, without having to trust Venmo or PayPal or Google. You might not value not having to trust any 3rd party, but maybe you should.
But this is why I say the worst thing that ever happened to crypto was for its price to skyrocket. Because now nobody cares about trustless transactions, they just care about Number Go Up.
Crypto primarily being speculative is a big problem.