- Crypto has clear use cases in the developing world, where banking systems are often unreliable or inaccessible.
- Scam rates in the crypto industry appear to be low, with no rug-pull-style scams among the 54 projects described in four articles from 2015-2020.
- Investing in the top crypto projects of 2015 would have yielded a return of 25x, while the biggest cryptocurrencies by market cap of 2020 would have yielded a return of 2.7x.
- Crypto is a technology with many legitimate uses, but is often associated with scams due to its long tail of fraudulent projects.
- Crypto can be used as a form of insurance against authoritarianism, as it allows users to circumvent oppressive financial regulations.
- Crypto is worse than the regular financial system in many ways, but its decentralization makes it useful for certain applications.
- Crypto believers and detractors often focus on its ability to go up in value, but it can also be used for other purposes.
- People in developed countries with good banking systems may not need crypto, but it can still be useful for those in less fortunate situations.
Click HERE for original. Published December 8, 2022
