Crypto and blockchain is tech coming up with a solution that no one asked for. Blockchain is just a database that is (at best!) extremely energy inefficient. Trust comes from the same sources (brand, marketing, advertising, social cues), it being on a blockchain does not magically generate trust.
And crypto’s biggest strength as an uncontrollable and decentralised store of wealth ignore the fact you can only buy and sell it on marketplaces, which control and centralise it, so for nearly everyone involved it’s a pyramid scheme, those at the beginning persuading new people to join to prop up their assets profits
Crypto and blockchain is tech coming up with a solution that no one asked for. Blockchain is just a database that is (at best!) extremely energy inefficient. Trust comes from the same sources (brand, marketing, advertising, social cues), it being on a blockchain does not magically generate trust.
And crypto’s biggest strength as an uncontrollable and decentralised store of wealth ignore the fact you can only buy and sell it on marketplaces, which control and centralise it, so for nearly everyone involved it’s a pyramid scheme, those at the beginning persuading new people to join to prop up their assets profits