A provided break from the usual posts - let us discuss crypto and why it seems pointless.
I briefly worked for a software team that was creating a crypto dapp. What is a dapp?
it’s a distributed app.
What is a distributed app?
Well, after many discussion with a mathematician and a programmer, I can’t tell you what one is, and quite frankly, I don’t think anyone can.
and this gets at my main point of contention about crypto, it’s too damn convoluted and over saturated with junk for it to ever be widely used. As it is now, crypto is essentially a hobby, like model airplanes, that happens to be a form of investing.
Only model airplane types will put in the effort to understand it, and only model airplane types will be attracted to it.
Main point: crypto is it’s own enemy. Too much frenzy, no stability or standardization. Will always be a spectacle instead of a widely used currency.
And it’s also mad annoying.
what’s the average gain on a crypto day trader?
I know some folks got rich, but you can put money in a managed portfolio and never waste time speculating and you’ll likely come out ahead without draining your time and energy.
Also crypto people are insufferable because they speak in jargon. I don’t care. I’d rather sleep.