Many people love to speak like if there is something good in this space. Besides the fast transactions and low fees for moving money around, is there something good left in this space?
Šhît coins. Alt coins turning into nothing. Scams everywhere. Big exchanges bankrupt every couple of months. Inside trading. Stable coins losing its peg. CeFi platforms destroyed. One man tweeting a meme and sending a coin 11,000 % up, NFTs of rocks selling for millions. Youtubers, influencers and people listening to them (not sure what is worst), multiple copies of projects released on a daily basis, hacks all over the place, zero utility, Web3 nonsense, metaverse and virtual land selling for hundreds of thousands and a year later no one cares any longer.
I think the whole idea of crypto had an interesting point when BTC came out. As for today that idea no longer exists because the whole space has been taken over by kids, crypto bros, moon bois, losers and scammers. I'm not saying the traditional financial system works. but I'm wondering if we have any credibility left. How do we really evolve the space into something more serious. Specially for new people trying to get in. Some talk about mass adoption? Are we not really far away from that?
And for the people outraged because of Pepe, more will come. We have one like that every year. As I said before besides fast transactions and low fees, what do we really have that can make a change?
