The angel and the devil in me debate this constantly.
Crypto is like the financial revolution and a departure from centralized, enslaving finance. Yay!
We are early adopters and the resistance from traditional finance is insurmountable because they make the rules and regulations. Booo!
Power is in the hands of the people and the revolution can happen because we are cutting out the middle man and connecting directly. Yay!
The connection is indirect because all of the technology comes from large corporations who will do everything to keep us as subservient consumers and make their life giving profit. Booo!
It goes back and forth incessantly. I think the best case scenario is trad finance will delay the adoption and acceptance through regulations and fud long enough so buy their controlling stake. Then, the truly decentralized platforms will be stomped into obscurity as the people are divided and neutered by ponzu schemes of a digital, lawless Wild West.
The best we can hope for is to sell our stake that we acquired before the big business could and use that profit to fund our lives by our innovative insight.
Pretty defeatist to look at crypto as a lottery ticket is it not?
Which usually wins?
I asked before reading on... :D
I guess so. It might be realistic also though. However, I think that the greed at the top is getting to the point that people will literally start fighting back. We are seeing some of that already.
I liked the narrative btw!