|
|
|
|
|
|
by StavrosK
1925 days ago
|
|
|
I agree that there's quite a bit of hate, but as an early cryptocurrency enthusiast, I've been turned around. I really hate how it's become a useless space full of speculation, all everyone seems to talk about is how to pump prices. I can't remember the last time I saw a story about a new payments processor, or an actually useful thing. It's all "price price price" these days. |
|
|
To me the shark jumping moment was when Coinbase and many other "crypto banks" reworked their UI/UX around presenting your holdings as a "portfolio."
When I log into my bank I don't see my "portfolio of USD." I see my account. I'd see USD in my "portfolio" if I had a Forex account, but then I'd be trading currencies not banking them to use as currencies.
It's a pure admission that for the vast majority of its user base the sole purpose is just to play pump and dump games.
The only group I see routinely using cryptocurrencies as actual currencies are online black market users and sellers, and they do so for an obvious reason that outweighs the downsides. Many of them have moved to Monero and Zcoin too since those actually have decent privacy. (Not foolproof, but decent.)