Hard truths: The fact that free/instant/decentralized blockchains like Nano exist, but lack real world adoption proves crypto investors only actually care about making fiat money off of their investments and not using them.

I feel like I have to vent some of my thoughts after being in the crypto space for 10 years. Not trying to trigger anyone here. I still love crypto, and will hodl my favorite projects. But we have to stop kidding ourselves, this is most of the time not about the tech.

Cryptocurrency is successful because of the volatility of the markets, not the usability of the product. Most are slower, more complicated, confusing, and risky to use than the current financial situation. Without a value attributed to a coin or a token that can fluctuate, crypto would have 1% of the enthusiasm it does now. Even with the same technology and advantages.

For instance -

Bitcoin lacks real world use cases, and when it is used in volume transaction costs explode. It takes 10 minutes to confirm one block, and 6 block confirmations take 1 hour. Visa is near instant, venmo etc. Replacing 3rd world countries financial system with bitcoin will backfire. Bitcoin in its current state has value in large part because of programed scarcity. People hold bitcoin as a store of value just as many collectors will collect rare physical coins. When people buy bitcoin they don't measure the success of bitcoin based on what it does, but rather if their portfolio has increased or decreased in USD/fiat value.

Smart contract projects have more tech. More use cases. More complexity. But are they really any different? Project/coin sentiment on reddit purely revolves around if the coin candles have been red or green.

You may not love crypto, you may just love the markets. Venting over. I may be wrong here. Just my 0.02 sats.