Starting to realize crypto is useless. I really can't comprehend why crypto has become popular. It hasn't led to any technological advances or a better banking system at all. It hasn't improved anything in this world.
BTC/ETH/LTC and other altcoins are all having trouble recouping their losses. This isn't surprising.
- No new buyers want to buy as they're afraid it will crash down again and they'll lose money.
- Manipulators continue to make high sell walls & fake buy walls bringing down the prices
- Not to mention there isn't any incentive to buy any crypto coins as crypto gives you absolutely nothing back (besides the possibility of earning interest) which is all dependent on a ponzi scheme of new buyers.
Let's look at the facts..
1. Fiat & Credit/Debit Cards are better in every way to purchase shit. They work, everyone accepts them.
2. Smart contracts can't compare to legal documents written/printed on paper and signed with a pen.
3. Decentralization is a retarded concept that allows people to steal coins and get away with it. It just leads to more corruption.
4. Crypto depends on electricity & an internet connection to run. Fiat works in all situations.
5. Exchanges can easily crash and go down and not let you transfer funds and they all depend on bank transfers/wires in the first place to put money into them.
Explain to me how crypto can be used in REAL WORLD situations to make a better economy/world? I can't think of one positive any of these shitcoins have on anything in this world.
I do believe that there's a better system than crypto & fiat and it's as clear as day what it is....
+ A world with no use for money at all.
+ A world with no fiat, crypto, or a banking system.
+ A world where everyone is doing what they love and not living for a paycheck or some futile fantasy.
+ A world where everyone collectively joins together and makes things for the good of all for free.