Well, I'm no cryptobro by any means, but I see the usability in cryptocurrencies. As always, when humans touch something well built and thought, it goes corrupt.
The basis? It is useful to overcome censorship, inflation and money transfers without relying on third parties (or relying on burocratic, traditionally greedy and ancient parties). It has some uses as a ledger, but this has not come that useful. Or, in my opinion, useful projects are overlooked and only greedyness is what drives the space.
Your sentiment is not wrong, but I see it as a reflection of human currency interaction. If I say "I don't think I ever heard anything good coming out of cash" could be true. Why would we hear something good about something that only its bad uses are news and worth mentioning. Same happens with crypto. I know it is a bit of a mental stretch to use this argument and it isn't 1:1, but cash is being used illegaly as well.
I see a trend that all privacy focused projects have this bad press always:
- Cryptocoins (used only by scams)
- GrapheneOS/privacy focused oses (used by fugitives and crimibals)
- Tor (Used for dark web)
and while that's true, I keep thinking that the interests for banning privacy focused projects is what drives that bad sentiment and bad press. Not only that, I know betwen black and white there are grays and colours :D
Just my grain of salt
The basis? It is useful to overcome censorship, inflation and money transfers without relying on third parties (or relying on burocratic, traditionally greedy and ancient parties). It has some uses as a ledger, but this has not come that useful. Or, in my opinion, useful projects are overlooked and only greedyness is what drives the space.
Your sentiment is not wrong, but I see it as a reflection of human currency interaction. If I say "I don't think I ever heard anything good coming out of cash" could be true. Why would we hear something good about something that only its bad uses are news and worth mentioning. Same happens with crypto. I know it is a bit of a mental stretch to use this argument and it isn't 1:1, but cash is being used illegaly as well.
I see a trend that all privacy focused projects have this bad press always: - Cryptocoins (used only by scams) - GrapheneOS/privacy focused oses (used by fugitives and crimibals) - Tor (Used for dark web)
and while that's true, I keep thinking that the interests for banning privacy focused projects is what drives that bad sentiment and bad press. Not only that, I know betwen black and white there are grays and colours :D
Just my grain of salt