I agree with you and disagree with the criticism you quoted. Cryptocurrencies are what has been missing from the Internet ever since it became a mainstream phenomenon: an efficient peer-to-peer value transfer mechanism. Sure, there's PayPal and there are credit cards but they are all cumbersome and expensive compared to what cryptocurrencies have the potential to be. A breakthrough to the mainstream takes better wallets that hide as much of the underlying complexity as possible from the end-user. That complexity will involve decentralized exchanges, increased scalability through off-chain payment channels, and specialized tokens serving nich markets. The current financial system is a huge problem itself. Every twenty years or so, it requires tax payers to resque it from collapse costing vast sums of money. It is run by irresponsible and amoral, criminal elements.
You are viewing a single comment's thread from: