Yes, I don't condone crypto the same way I don't condone carrying guns to a bank (because you can't trust anyone), or building nuclear shelters on the off chance of a nuclear fallout, or building EM bombs in the escalating nature of warring nations in deadlock.
Whether you like it or not, things have external cost to them. "Let's spend a trillion dollar building a bunker for every citizen in the event that a nuclear fallout do happen". "Let's give everyone AC because its getting hot...and will keep getting hotter because we keep installing ACs". All of these things are "good" but people very rarely talk about their externalities.
There's a thing called "opportunity cost", "externalities" that no crypto bros ever brought up when discussing how bad their system compared to the current system.
Should we sacrifice the relatively very efficient global financial with one that can barely handle a fraction of a fraction of a fraction of its precursor? What about user protection? Correct me if I am wrong, but it is perfectly possible to lose all of your coins due to fraud and there would be no way to recover it back. How is this even a reasonable financial system?
Whether you like it or not, things have external cost to them. "Let's spend a trillion dollar building a bunker for every citizen in the event that a nuclear fallout do happen". "Let's give everyone AC because its getting hot...and will keep getting hotter because we keep installing ACs". All of these things are "good" but people very rarely talk about their externalities.
There's a thing called "opportunity cost", "externalities" that no crypto bros ever brought up when discussing how bad their system compared to the current system.
Should we sacrifice the relatively very efficient global financial with one that can barely handle a fraction of a fraction of a fraction of its precursor? What about user protection? Correct me if I am wrong, but it is perfectly possible to lose all of your coins due to fraud and there would be no way to recover it back. How is this even a reasonable financial system?