this post was submitted on 20 May 2024
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Let's not forget that crypto also enable wide deployment of ransomwares (which was not possible due to the lack of untraceable online payment at scale), while less and less ecommerce platform allow crypto payment. If this trend continues, eventually no one would use crypto except for speculation and paying off ransom.
The internet has far more beneficial uses than malicious uses. We currently can't say the same with cryptocurrency due to its diminishing utility.
What's the use of money if not for paying stuff? In the early days, a lot more shops (online and offline) accept crypto payments. These days it's mostly vpn companies that accept them.