[JAlexoid]

We're also privileged to be closer to understanding the systems and solutions. That makes it easier for us to view the massive amount of issues with the ecosystem as not the core of the cryptocurrency "craze".

Now imagine you're not a techie, that has no idea what's what? The propaganda concept of "rotten herring", that mars the whole, will take effect on the whole cryptocurrency concept.

For laypeople cryptocurrency is as much a mystery with it's own gatekeepers, as fiat money systems. Engineers becoming the gatekeepers, are definitely more open an excited about it... but to others swapping a banker to an anonymous engineer is not much of an upgrade.

So many gatekeepers have failed in providing essential protections that old gatekeepers still provide.

Crypto made fraud and mismanagement obvious and grandiose, even though the exact same happens with traditional financial system.

Technology can't catch on just because "there are some great projects"

[Closi]

> Crypto made fraud and mismanagement obvious and grandiose, even though the exact same happens with traditional financial system.

How? So much of the fraud has been both more common and just as opaque as the traditional finance sector (see FTX).

[JAlexoid]

By association. What do you think FTX is associated with? (It wasn't associated with traditional banking...)

By volume traditional banking had more fraud and mismanagement, but it hasn't had literally years of massive headlines. (See "rotten herring") And in the end it doesn't build any confidence, because all of our money is literally based in trust. Even the value of gold is plain trust in it's value(see Mansa Musa's gold devaluation "pre fiat currency").

I don't remember a single year, without some massive cryptocurrency related headline... Even SVB and CreditSuisse failures were managed out better, than FTX.