Bitcoin is obsolete, it is not fully private and in fact with these KYC measures it is WORSE than fiat because every transaction you've ever made is visible on the public blockchain.
Monero is what Bitcoin was meant to be, and was likely made by Satoshi himself using the learnings from Bitcoin's privacy failings. It is the future.
Bitcoin as it stands now is little more than a ponzi scheme for those who don't understand the underlying tech.
Crypto currencies are not inherently speculative assets, that is the way in which they are being misused.
By your definition of speculative assets, fiat dollars are as well.
All stock markets are retarded as they incentivize a disconnect between a companies performance and behaviour from it's public image.
Companies should make money for having good products and services and for benefiting society, not because their stock is popular. The opposite is also true, good companies should never go public and risk losing everything in to a pump and dump.
Instead of the whole wallstreetbets thing, people should boycott all publically traded companies, and refuse to put money in traded accounts.
We all know who we're at war with here, we need not be hypocrites chasing fiat wealth.
We all know that any form of money is just a convenience tool, and decentralized crypto is barely any better than fiat dollars if we just chase speculative crypto wealth as well. There's no real world value in playing number games even trading crypto pairs on a DEX. That's just getting rid of the warden, but still living in the prison and enforcing the warden's rules on each other instead.
Bitcoin is obsolete, it is not fully private and in fact with these KYC measures it is WORSE than fiat because every transaction you've ever made is visible on the public blockchain.
Monero is what Bitcoin was meant to be, and was likely made by Satoshi himself using the learnings from Bitcoin's privacy failings. It is the future.
Bitcoin as it stands now is little more than a ponzi scheme for those who don't understand the underlying tech.
That's like saying http is bad because shitty websites dominate the internet.
Crypto currencies are not inherently speculative assets, that is the way in which they are being misused.
By your definition of speculative assets, fiat dollars are as well.
All stock markets are retarded as they incentivize a disconnect between a companies performance and behaviour from it's public image.
Companies should make money for having good products and services and for benefiting society, not because their stock is popular. The opposite is also true, good companies should never go public and risk losing everything in to a pump and dump.
Instead of the whole wallstreetbets thing, people should boycott all publically traded companies, and refuse to put money in traded accounts.
We all know who we're at war with here, we need not be hypocrites chasing fiat wealth.
We all know that any form of money is just a convenience tool, and decentralized crypto is barely any better than fiat dollars if we just chase speculative crypto wealth as well. There's no real world value in playing number games even trading crypto pairs on a DEX. That's just getting rid of the warden, but still living in the prison and enforcing the warden's rules on each other instead.
Every transaction being visible isn't a problem, people too dumb to practice opsec is a problem.