One thing is for sure, It is being utilized by enthusiasts therefore it exist. That is all that matters. They are demonizing cryptocurrencies which reveals their lack of knowledge of this whole thing that we utilize on a daily basis.
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Media sways people rather than teaching them something valuable, you battle to find good information having to 'break it down' to try delve fact from fiction most days @mdominicorobin
If as they say only 1% actually uses crypto, there is a lot more who are going to find out and start wishing to learn.