What value proposition does crypto offer that existing solutions do not?
The only reasonable answer crypto advocates can ever offer is “decentralization” and the lack of trust required.
The problem is, most people are perfectly fine trusting their financial institutions.
Another commenter was downvoted for saying “No one cares”, but a more precise way of putting this is “the average person doesn’t care about decentralization” and this is spot on.
It’s cool tech, but it reminds me a bit of math research - towers of abstractions built over decades, with little effect on the real world. We can only hope that some benefits will be uncovered down the line.
That’s what blockchain technology is: interesting research which will never be popular with or relevant to a lay person (outside of speculative bubbles)
The only reasonable answer crypto advocates can ever offer is “decentralization” and the lack of trust required.
The problem is, most people are perfectly fine trusting their financial institutions.
Another commenter was downvoted for saying “No one cares”, but a more precise way of putting this is “the average person doesn’t care about decentralization” and this is spot on.
It’s cool tech, but it reminds me a bit of math research - towers of abstractions built over decades, with little effect on the real world. We can only hope that some benefits will be uncovered down the line.
That’s what blockchain technology is: interesting research which will never be popular with or relevant to a lay person (outside of speculative bubbles)