Have we strayed too far from what crypto was meant to be?
In the rush for quick profits, many are forgetting the true potential of blockchain technology.
You’re right that many projects these days are just all about gaining profit as quick as possible however I still believe that this gives way to innovation and growth in the crypto space. The need to stand out allows projects to make something unique, to invent something new and something unheard of.
So, here’s the big question: If people are so eager to adopt centralized stablecoins, what’s the point of crypto? Why not just stick with fiat and the traditional financial system? Has crypto really lost its way?
I don’t think this is crypto’s fault. This happened because people wanted to have crypto without actually having crypto. Which I know is ironic. But in order to influence more people, some of these sacrifices are to be made. To me as long as they know the difference between cbdcs, etfs and actual cryptocurrency then I am all good.
I like to think that it’s all for now because later on they will realize the true value of crypto.