> Arguing that central banks and a few other non-elected decision makers should be able to influence our lives by devaluing our savings is... insane
Perhaps, but a currency that devalues based on news, scams, pump & dump schemes, and so forth isn't the solution. Crypto doesn't transfer the power of value to you, it transfers to people with a big enough following - or botnet - to amplify whatever news (false or not) that impacts their crypto the way they want it, up or down.
Your premise is reasonable, but your conclusion doesn't logically follow from it.
Perhaps, but a currency that devalues based on news, scams, pump & dump schemes, and so forth isn't the solution. Crypto doesn't transfer the power of value to you, it transfers to people with a big enough following - or botnet - to amplify whatever news (false or not) that impacts their crypto the way they want it, up or down.
Your premise is reasonable, but your conclusion doesn't logically follow from it.