Comment by codegeek

I am still struggling to understand the whole crypto currency thing. I just don't get it. Clearly, it has become a tool for speculation and quick money for most people. Everyone is trying to get on the crypto bandwagon but to speculate. What is the point ? I thought it was supposed to decentralize currency and make it easy to "transact" with low fees and less redtape. Also I could be really dumb but isn't centralized wallets/exchanges like coinbase defeating the entire purpose of crypto currency ? Weren't we supposed to manage it peer to peer so that anyone could get paid anytime without worrying about borders and boundaries ?