Crypto is an unproductive bubble
Cryptocurrencies have a valid but very specific use-case: being able to transact in a hostile environment. It does so by making certain trade-offs such as an energy-intensive verification process.<p>This is a very valid use-case when you need to transact against the will of a powerful adversary such as governments. It needs to be there and needs to be protected just like free speech needs to be protected.<p>However, day-to-day, if you&#x27;re making transactions that the government approves of, it&#x27;s better and more convenient to rely on said government to protect you and end up using a much more efficient (in terms of transactions per second, fees &amp; energy usage) and convenient system such as credit cards.<p>Crypto is like a tank - useful if you need to go into battle and defend yourself, and while it <i>can</i> be used to go buy groceries at the mall, it&#x27;s not the most convenient. When you&#x27;re not in battle, you&#x27;re better off just using a normal car and relying on local laws and subsequent enforcement to deter anyone from harming you, which, at least in civilized countries, works the majority of the time.