Every time I heard someone saying “crypto is bullshit, it’s just digital capitalism and speculation profits” I scratch my head. I know bitcoin energy costs is something to be fixed, as it consumes more energy than a lot of countries. And environmental issues must be one point of concern.
However, I feel the cryptocurrency technology is something important for society. At least it was created on top of cypherpunk ideals and it probably brings something good to the world. I just couldn’t have a good panorama yet (that’s my hypothesis. I could be wrong).
Help me put that all together. Why crypto matters for society? What do you think?
My starting point is this Time Magazine article: https://time.com/5486673/bitcoin-venezuela-authoritarian/