this post was submitted on 20 May 2024
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I think there was a potential future where cryptocurrency could've actually been useful, but it was ruined by scammers, rug pullers, and of course, speculators.
I'll still hold a little bit of Monero, since it holds the most potential for being a real currency in my opinion. But otherwise, I fully agree with the sentiment.
When the Wild West was around Medicine was used as a scam too. Snake Oil salesmen aren't very nice people. But that doesn't mean medicine is a bad idea ya know?
I agree that there are a lot of snake oil sellers in the cryptographic currencies realm. But that world is basically the digital wild west at the moment to me. I too am waiting to see what happens.
That's definitely true. I've always liked the concept, but never bought into this hype around the speculation, which really gives it a bad name.
That's why I think Monero is really the way forward to a good cryptocurrency. It's price is fairly stable and makes more sense than Bitcoin in many ways. I'd use it more if there were more vendors using it. The most I've done with it is buy a Mullvad subscription.