Hey everyone! Just wanted to hear your thoughts on this glaring question.
Remember when crypto wasn't just about chasing new all-time highs, the latest NFT craze, or meme coins? Back then, it was about decentralization, financial freedom, and putting power back in the hands of the people. The vision was bold—a system immune to censorship, government control, and the failures of fiat currency. But now, it feels like that original vision is getting lost in the noise of speculation and hype. Have we strayed too far from what crypto was meant to be?
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I understand your concern. Gone are the days were developers actually cared about quality instead of quantity. Back then, it was all about coming up with innovative developments that would make crypto useful for daily life. Now it's all about speculation and hype. We can blame the inception of NFTs, and "meme" coins for that. The vast majority of developers are only focused on making a quick buck. They make "copycat" projects that serve no purpose in real life. As long as they're able to lure investors in, nothing else matters. Retail investors also changed their perception of crypto. They buy whatever is trending on the market without doing prior research. It's all about getting rich quick these days. Who cares about centralization if you can stil make money "riding the hype"?
I sure hope that the legalization of crypto will put an end to this nonsense once and for all. With the number of "garbage coins" and scams reduced to a minimum, crypto can be taken seriously again. Will the industry get back to the good-old days? Only time will tell...