It shouldn’t be forced on anyone, but if you appreciate a cryptographically way to own your money securely (USDC or otherwise), decentralized monetary networks give you ways to do that.
I work fulltime in the industry and the racket that is the traditional finance system is the one that resembles a ponzi/fraud/scam more than crypto in my mind.
Exactly. The core of the problem is the finance industry itself, they’d be scumbags regardless of the medium of exchange. Cryptocurrencies merely give you alternative method for transactions.
For every scam someone shows me about cryptocurrencies, I could probably show 10 with fiat currency.
The main “problem” with cryptocurrency is also its main selling point: crazy swings in value. That’s not great for regular savings, but it’s basically proof that there’s no central org messing with the currency and that value is determined purely based on supply and demand, just like gold and, to a lesser extent, stocks (stocks often pay dividends and provide voting privileges). And since it’s transparent, you can see any attempts to mess with valuations, which is less true for central banks.
It’s freedom of money. That simple.
It shouldn’t be forced on anyone, but if you appreciate a cryptographically way to own your money securely (USDC or otherwise), decentralized monetary networks give you ways to do that.
I work fulltime in the industry and the racket that is the traditional finance system is the one that resembles a ponzi/fraud/scam more than crypto in my mind.
Exactly. The core of the problem is the finance industry itself, they’d be scumbags regardless of the medium of exchange. Cryptocurrencies merely give you alternative method for transactions.
For every scam someone shows me about cryptocurrencies, I could probably show 10 with fiat currency.
The main “problem” with cryptocurrency is also its main selling point: crazy swings in value. That’s not great for regular savings, but it’s basically proof that there’s no central org messing with the currency and that value is determined purely based on supply and demand, just like gold and, to a lesser extent, stocks (stocks often pay dividends and provide voting privileges). And since it’s transparent, you can see any attempts to mess with valuations, which is less true for central banks.