“There are more than 8,000 monthly active developers working on various cryptocurrency projects”
Yep, and it’s now a 12 year old tech that has still not actually done anything useful for anyone who isn’t a criminal or speculator of some type.
Every “use case” from those 12 years has been heavily funded and showed to be pure hot air. The first one of being used like money is a failure. The second of being used for money transfers (as opposed to purchases) is only used by criminals because it is far slower and more expensive and less secure than other methods.
Meanwhile it has caused gigantic and permanent damage to the environment and facilitated criminal activity of all sorts. Theft, ransomware, international drug smuggling, tax evasion.
“but bubble is maybe what we need for every technology revolution”
Railroads and the Internet are useful to non criminals. I disagree there’s any revolution here. Just hype, senseless and knowing destruction of resources, fraud, and greed. Perhaps the best historical comparison is to private banknotes from the 1800s.
