Can we please stop acting like USD is a random shitcoin and crypto is meant to make you rich?

I trust that most people understand what fiat currency is and isn’t, but the narrative is increasingly “USD causes inflation and its value go down and government bad so buy crypto so you make big money”

The hope of crypto- why it’s so promising- is to create independent currency that isn’t subject to government manipulation or control, gives autonomy to individuals, powers defi, and is universally usable. This solves a lot of problems that exist today but it doesn’t reinvent the economy.

USD or any other fiat is not losing value because it’s a “shitcoin”. It’s losing value due to a wide variety of inflation causing circumstances (including governments fucking up, yes, but not exclusively). Crypto in and of itself is not a solution to that. It also isn’t meant to continually rocket in value forever.

We’re seeing periods of extreme growth now as more people buy in and get excited. In a fully realized ecosystem, you do not want this volatility.

I think of crypto as a logical step in the global economy. It isn’t a magic fix for a shitty present.

Turning off notifications on this post. I’ll check back in later