We both know the whole point of the crypto use case is to become an alternative or a replacement to fiat, to which it isn't and cannot be.
Speculation is not a legitimate use case for something that aims to become a currency. If I am trying to buy a loaf of bread with a crypto token and the price plummets and fluctuates wildly for no reason that is backed by nothing, it is not useful at all.
You can try and justify crypto all you want, However and objectively speaking, there are far too many pyramid schemes, far too many ponzi schemes, scams, rugpulls and ransomware crypto payments, unregistered ICOs that crypto is harbouring to even take seriously after 15 years of its existence.
Speculation is not a legitimate use case for something that aims to become a currency. If I am trying to buy a loaf of bread with a crypto token and the price plummets and fluctuates wildly for no reason that is backed by nothing, it is not useful at all.
You can try and justify crypto all you want, However and objectively speaking, there are far too many pyramid schemes, far too many ponzi schemes, scams, rugpulls and ransomware crypto payments, unregistered ICOs that crypto is harbouring to even take seriously after 15 years of its existence.
I'm glad the crackdown is happening.