/biz/ - Business & Finance

>>56020277
>Crypto is trying to solve a problem that doesn’t exist
exactly what people said with cars or electricity when they were invented because the infrastructure wasn't there. you obviously never tried to send money to someone in a shitty country to think it doesn't solve any problem. "just use western union bro" lel. you obviously never know people who had to flee a country with the military at the border stealing every wealth (gold, cash) they took with them. if you dont see the use case because you're stupid, the market sees it clearly and that's why bitcoin is at 25k right now and total crypto mcap is 1 trillion. if it was just a fad the bubble would have crashed and never recovered a long time ago.
>>56020277
>crypto is as easy to use as online banking or Venmo
it's not because until recently crypto weren't able to scale to mass adoption so it was just a niche. regulatory clarity wasn't there until very recently and is still not really here so it prevents a lot of big actors that want to enter the space for mass adoption. banks and financial institutions are entering the space and will be able to integrate cryptos to their banking apps, they will offer all the crypto services.
i agree that losing your private key is a big deal but normie-friendly solutions exist and it will continue to improve. most people will keep their cryptos in their bank accounts anyway.
>Someone stole your keys? Too bad, no protection, all your money is gone forever.
someone steal your cash? too bad, no protection, your money is gone forever. and it's not even true, the fbi recovered billions of stolen crypto funds over the years. many scams happen and people send their life savings to scammers from their bank accounts. even using banks it's impossible to retrieve the funds.