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What do you say to the detractors/naysayers?

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by COINS NEWS 85 Views

To those who buy/sell/hold crypto, what do you tell family/friends?

As someone who is becoming more enthusiastic about this space more people around me are asking and sometimes I have good answers sometimes I don't.

Especially when they bring up points such as:

  • It doesn't create value on its own, it's value is made up only of what others are willing to pay for it

  • It is decentralized but as such will never see widespread adoption (too much heterogeneity in various global financial systems)

  • Volatility means you can never put a finger on what it's real worth is

  • Most people don't actually understand the technology (this I agree with the most)

  • Environmental concerns such as the high energy output needed to mine and maintain a ledger

submitted by /u/PM_ME_DOPE_TUNES
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