> Basically: If you already have a bank, why would you not just use it?
Basic corollary: if you already use a bank, why not just use money?
> If there were FDIC for tokens at your real bank, redeemable in same number of tokens, then any general public that wanted to use cryptocurrency would likely just use that. Because outside of fringe LARPing nobody wants to run their own bank.
So the only remaining question is why would normies who say (according to you) amen to all above would need crypto besides a ponzi-speculative joy ride?
On one hand we have funny money backed by a world power and all its resources, and protected by ICBMs and an impressive navy and bases around the world and a financial infrastructure around USD & convertibles.
On the other hand we have funny tokens issued by "genius" -mushrooms- who are elevated into the spotlight by the likes of Forbes magazine and the rest of the media circus, protected by nothing [though the genius scammers themselves are apparently protected ..]
> So the only remaining question is why would normies who say (according to you) amen to all above would need crypto
Exactly. They don't. Not as a currency. It's gambling. And "normies" don't want to run a bank just to gamble.
> money backed by a world power and all its resources, and protected by ICBMs
And e.g. in the US the USD is not just protected from outside threat (ultimately) by ICBMs, but also internally by the fact that tax is due in USD.
There are cryptocurrency advocates who say that the USD is backed by nothing. Which is a very odd thing to say because as long as the US has tax laws there will be demand for the USD (under penalty of prison), to pay your taxes. Demand for a thing creates value for that thing.
Anyone who thinks that backing is not real is likely to feel the physical effects of its reality.
Basic corollary: if you already use a bank, why not just use money?
> If there were FDIC for tokens at your real bank, redeemable in same number of tokens, then any general public that wanted to use cryptocurrency would likely just use that. Because outside of fringe LARPing nobody wants to run their own bank.
So the only remaining question is why would normies who say (according to you) amen to all above would need crypto besides a ponzi-speculative joy ride?
On one hand we have funny money backed by a world power and all its resources, and protected by ICBMs and an impressive navy and bases around the world and a financial infrastructure around USD & convertibles.
On the other hand we have funny tokens issued by "genius" -mushrooms- who are elevated into the spotlight by the likes of Forbes magazine and the rest of the media circus, protected by nothing [though the genius scammers themselves are apparently protected ..]