No, you can’t paint that broad of a stroke. It’s true that crypto INVESTING might be no better gambling, but crypto wasn’t invented to be an investment tool, it was invented to be a financial transaction tool, and in that regard it has some real utility.
But that’s not how most people use it anymore. It’s become almost entirely a speculation market. Plus, transaction times for payments on Bitcoin e.g. make it totally infeasible for use in any retail application.
It’s just a bunch of people passing Monopoly money around to each other at this point, trying to pretend they’re making bank.
Along with the rest of crypto, but don’t tell them…
No, you can’t paint that broad of a stroke. It’s true that crypto INVESTING might be no better gambling, but crypto wasn’t invented to be an investment tool, it was invented to be a financial transaction tool, and in that regard it has some real utility.
But that’s not how most people use it anymore. It’s become almost entirely a speculation market. Plus, transaction times for payments on Bitcoin e.g. make it totally infeasible for use in any retail application.
It’s just a bunch of people passing Monopoly money around to each other at this point, trying to pretend they’re making bank.