I could waste a huge amount of time refuting the author's points, but will make it more of a meta comment.
Crypto is vast, complex, and inherently not suitable for binary thinking. I've studied the space for months and have come to the conclusion that crypto is two-sided in almost every aspect.
Many/most coins are speculative, which you can associate with words like "greed" and "casino". Yet also provide wealth savings/growth to people locked out of it in our traditional system.
NFTs are a cruel joke right now, yet ridiculous as they are, may be a precursor to various groundbreaking uses having real utility, in an exponential way.
Smart contracts are largely dysfunctional, yet there's early success in replacing financial products like staking, lending, leverage. When it works, it's permission-less, which has interesting social benefits (access not defined by your identity/social class).
And so on.
I'm not here to debate any of these points, my only point is to not dismiss crypto as a whole (binary thinking) and to not underestimate it. The topic is too complex for it.
Crypto is vast, complex, and inherently not suitable for binary thinking. I've studied the space for months and have come to the conclusion that crypto is two-sided in almost every aspect.
Many/most coins are speculative, which you can associate with words like "greed" and "casino". Yet also provide wealth savings/growth to people locked out of it in our traditional system.
NFTs are a cruel joke right now, yet ridiculous as they are, may be a precursor to various groundbreaking uses having real utility, in an exponential way.
Smart contracts are largely dysfunctional, yet there's early success in replacing financial products like staking, lending, leverage. When it works, it's permission-less, which has interesting social benefits (access not defined by your identity/social class).
And so on.
I'm not here to debate any of these points, my only point is to not dismiss crypto as a whole (binary thinking) and to not underestimate it. The topic is too complex for it.