Crypto's fate is bound be like those alternative Reddits and Twitters.
What kind of users an alternative Reddit attracts?
1. People who don't like Reddit because of privacy concerns or other ideological reasons.
2. People who are banned by Reddit.
It turns out group 2 is much larger than group 1 and the community rots.
Now what kind of people who cryptos (a.k.a. alternative money) attract?
1. People who don't like banks or the government's monetary policy, and ideologically believe they have to own their own wallets.
2. People who literally cannot safely use normal money, from non-conventional porn artists to scammers and drug dealers.
It turns out group 2 is bigger than group 1 and you know the rest of story.
What kind of users an alternative Reddit attracts?
1. People who don't like Reddit because of privacy concerns or other ideological reasons.
2. People who are banned by Reddit.
It turns out group 2 is much larger than group 1 and the community rots.
Now what kind of people who cryptos (a.k.a. alternative money) attract?
1. People who don't like banks or the government's monetary policy, and ideologically believe they have to own their own wallets.
2. People who literally cannot safely use normal money, from non-conventional porn artists to scammers and drug dealers.
It turns out group 2 is bigger than group 1 and you know the rest of story.