[AlexandrB]

> I'm surprised that tech people here don't appear to understand its inevitability.

All progress depends on the "unreasonable man". I don't think it's inevitable at all, nor have I seen any evidence that it will be. Thus far non-government blockchains have proven to be ill suited for applications other than speculation (and crime). Central bank "programmable money" is definitely a threat - but it's hardly inevitable if popular opposition is vigorous enough.

If you were to ask a tech enthusiast in 2010, they'd might you that 3D TVs were inevitable. Instead they fizzled out. Then there's "the Metaverse", which seems to be on bumpy terrain as well. SPACs seem to be doing not so hot[1]. Not every tech/financial trend sticks around if the value proposition isn't there. And the value proposition for cryptocurrency is very poor in my view.

[1] https://en.wikipedia.org/wiki/Special-purpose_acquisition_co...

[jrm4]

You should look harder for the evidence. 1% is all you need. There is a not-insignificant number of people using crypto to move and store money today. I agree A LOT of garbage is going to get shaken out, but this says to me "okay, what part/idea in crypto survives this bloodbath and gets bigger," not "throw the whole thing out."