I've defended crypto in the past but its increasingly clear that this is all basically academic BS, but with a financial component. Theoretically, its nice to have a "digital gold" alternative to store your wealth away from authoritarian governments. But most of crypto thrives in countries with strong democratic traditions and no history of extended and widespread government overreach.
All the other aspects of crypto - DeFi, NFTs, GameFi - are nice for making money but no one asked for them, and no one realy needs them.
They're fun to use and fun to gamble and play around with, but its all...useless. Especially for the existing users. DeFi, in its current form, isn't "banking the unbanked" - its just a place for the world's 1% to screw around on.
I understand the promise, but I also think the product is far, far from what the world needs or even wants.
