To be clear, what I said was that the real-world uses of crypto-as-a-medium-of-exchange are almost all tied to criminal activity.
I didn't say anything at all about crypto-as-a-store-of-value. Like any fiat currency, crypto has value iff people think it has value, no surprises there. At the moment, crypto's value is heavily tied to speculation about massive increases in its future value, which is not sustainable in the long term and is the biggest blocker for the medium-of-exchange usecase.
I have nothing against the idea of crypto - it's a good idea, especially with the stuff built on top of it around smart contracts, and the technology is neat - but until it stabilizes at predictable exchange rates it will never be used by the unsophisticated masses as a medium of exchange.
I didn't say anything at all about crypto-as-a-store-of-value. Like any fiat currency, crypto has value iff people think it has value, no surprises there. At the moment, crypto's value is heavily tied to speculation about massive increases in its future value, which is not sustainable in the long term and is the biggest blocker for the medium-of-exchange usecase.
I have nothing against the idea of crypto - it's a good idea, especially with the stuff built on top of it around smart contracts, and the technology is neat - but until it stabilizes at predictable exchange rates it will never be used by the unsophisticated masses as a medium of exchange.