Why I stopped dealing with crypto and you should too
So, back in 2009 an unknown coder called Satoshi Nakamoto created Bitcoin. Fine. The hype we perceived during the last months is not justified by anything! Millions of people wasting their time buying the bitcoin hype, because, whats the point for all of this in real life? I can instantly pay with my mobile phone via online banking or credit card, almost everywhere in the world and I don't need any cryptocurrency to do that.
You can do that. The question is how long will it take to send money overseas and how much will it cost. My bank doesn't work on weekends. Last year I sold something on Friday and had to wait till Tuesday for the money. And it wasn't the buyer's fault. He sent the money on Friday afternoon, but they didn't process it before the bank closed down because they need a friggin day to do it. So every time you're sending money from one country to another (even in the same currency) you have to wait 24h for it to be done. So the process started on Monday and the money got to me on Tuesday. And it's not some third world country we're talking about, but Central Europe, friggin Euro zone.
With Bitcoin I'd have to pay 1EUR and the whole thing would get processed 1in 15 minutes. That's why I love crypto.
Why should I try to change that "bank cartel", when I can use my lifetime for things better than that, because it nearly won't make any difference? If I want to do a transaction in real life, I never used any cryptocurrency, and I'm fine with it. In fact its even far less complicated.
Because that bank cartel has the right to take your money. They own it and if they decide that you are not allowed to spend it on this or that thing they will be able to stop you. We don't allow our users to gamble in online casinos, your transfer is denied! We don't allow our clients to pay for porn, you got blocked! If you don't care about freedom and want other people to tell you what to do with your money - your choice.