You know I agree. And it made me win far less from crypto than I would have if I weren’t a skeptic from the start. But recently something changed my mind:
Friends from an occupied territory visited on their travels and they said they can only pay with cash since their cards do not work in the let’s say „free world“ (my wording not theirs). And they said how difficult it is to live without a CC. You can’t get a hotel room in many places.
This made me reconsider my stance on using cash and I started doing it again just so it survives.
But let’s say cash goes away, in that case we _need_ an alternative that cannot be censored, blocked or otherwise cancelled.
And this could be Bitcoin (or let’s say litecoin - my favorite)!
But yes so many scams and as you say misconceptions everywhere. People don’t understand money and they think whatever promoters tell them to think.
The problem with an alternative currency like Bitcoin or litecoin, is that ultimately you still need to convert it into a national currency to make it usable.
Your friend from the occupied territory may be able to receive crypto, but they're still going to need a credit card to book a hotel room.
But that’s exactly what could and maybe should change.
I’m not really knowledgeable in this area but I think hotels want the CC in case visitors ruin the room. This could be covered by crypto based tech or services.
But my point was mostly about having money that cannot be taken away or frozen by policy.
Friends from an occupied territory visited on their travels and they said they can only pay with cash since their cards do not work in the let’s say „free world“ (my wording not theirs). And they said how difficult it is to live without a CC. You can’t get a hotel room in many places.
This made me reconsider my stance on using cash and I started doing it again just so it survives.
But let’s say cash goes away, in that case we _need_ an alternative that cannot be censored, blocked or otherwise cancelled.
And this could be Bitcoin (or let’s say litecoin - my favorite)!
But yes so many scams and as you say misconceptions everywhere. People don’t understand money and they think whatever promoters tell them to think.