Really? As of writing, the S&P500 is down ~10% from its all-time-high. Bitcoin is currently down over 50% of its ATH. Other cryptocurrencies are faring even worse. The stock market is doing significantly better.
This is an oft frustrating topic in the world of cryptocurrency enthusiasm. The contemporary American banking and finance system is awful. It's worthy of a great many of criticisms. But crypto solves none of them, and removes the few, feeble protections that are in place to protect average everyday people.
Crypto-currencies make a few people win out at the cost of others, who in hindsight mistakenly "invested". The ones who won evangelize it the most, but they don't stop and think about, where that money came from. Might be an uncomfortable thought. Then you have the hopeful ones, who hope to win out in the future. Basically all driven by volatility and the believe, that they will be able to exit at the right moment. And maybe they will be, but then others are the losers.
I don't find this to be an ethically OK way to act.
Really? As of writing, the S&P500 is down ~10% from its all-time-high. Bitcoin is currently down over 50% of its ATH. Other cryptocurrencies are faring even worse. The stock market is doing significantly better.
This is an oft frustrating topic in the world of cryptocurrency enthusiasm. The contemporary American banking and finance system is awful. It's worthy of a great many of criticisms. But crypto solves none of them, and removes the few, feeble protections that are in place to protect average everyday people.