The technology is not. How people have chosen to use it is by and large pretty scammy or at least purely opportunistic.
Most consumers holding crypto are doing so in the hopes of cashing out later, most (virtually all) retail investors barely understand what a blockchain even is, they're just random people who downloaded coinbase.
At the same time rug pulls and blatant fraud / money laundering / corruption has been enabled with this tech.
Memecoins etc. are frankly the financial wild west and with institutions like the SEC in the bin completely right now the average consumer has no business investing in crypto other than speculatively and, depending on the coin, with a pretty high risk of losing their investment.
Comments
The technology is not. How people have chosen to use it is by and large pretty scammy or at least purely opportunistic.
Most consumers holding crypto are doing so in the hopes of cashing out later, most (virtually all) retail investors barely understand what a blockchain even is, they're just random people who downloaded coinbase.
At the same time rug pulls and blatant fraud / money laundering / corruption has been enabled with this tech.
Memecoins etc. are frankly the financial wild west and with institutions like the SEC in the bin completely right now the average consumer has no business investing in crypto other than speculatively and, depending on the coin, with a pretty high risk of losing their investment.