[pavlov]

The beginning? It’s been fifteen years. Hundreds of billions have been invested. We’ve been through several massive hype cycles.

If there is any potential for mainstream adoption of crypto, what exactly is holding it back at this point? It’s not new; it’s not obscure; and it’s certainly not underinvested.

Of course the crypto promoters will never admit that because the only reason to invest in crypto is this narrative — “it’s something brand new, very few people understand it, you can get in on the ground floor and be part of a revolution, etc.”

[medo-bear]

It is easy to understand the use-value: sovereignty over personal digital assets; sovereignty over transfer of said assets

[pavlov]

Nobody seems to actually want that though. Most crypto owners just trade on centralized exchanges.

In practice, that sovereignty jargon is just an ideological veneer over unregulated penny stocks with no product-market fit.

[medo-bear]

> Nobody seems to actually want that though. Most crypto owners just trade on centralized exchanges.

I'm talking about what is important to me. I don't pretend to know what others want