Crypto, decentralization, blockchain and money.
Iâve delved deeper into crypto coins today and realized theyâre completely usecaseless.
Theyâve built a business around trading money, which adds no real value on a broad scale. The money you put doesnât help companies build products or improve servicesâit just sits idle. In fact, your crypto money actually depreciates due to the incentives paid to community runners.
The entire system is sickly designed. They create communities to keep people engaged through staking and rewardsâbut those very incentives erode your holdings over time.
I believe in decentralization, especially Ethereumâs vision, which isnât just about money but smart contracts, digital tokens, decentralized applications, and even games. Vitalik changed blockchainâs purpose from just a currency to something much bigger.
Think of it this way: When youâre about to buy a car, that one finance bro always jumps in saying, âDonât buy a car! Itâs a depreciating asset!â Well, crypto (as money) is exactly thatâjust network-based pooling and gambling.
Why do you need decentralization in money? What does it add? Nothing. Sure, you donât pay taxes on it, but the government wonât let you acquire real wealth without taxation. Thatâs why they slapped a 30% tax on cryptoâand now nobody is even making profits.
Crypto is the future. Decentralization is the future. Blockchain is the future.
But crypto as money? Absolutely not. In the future, governments will adopt blockchain and decentralization for security and fault toleranceâbut crypto as an alternative currency? That dream is dead.