
the entire point of money is that it’s centralized and a relatively stable store of value. I don’t want the bills in my pocket to be worth half as much in the evening as they were when I woke up because the currency had a bad day. What crypto really is, and the much more fun way of thinking about it anyways, is gambling tokens for tech bros
Right, except the part where crypto fluctuates in value the more people are trading it, like a stock, which dollars in bank accounts do not do. When I stick my paycheck in my bank account, I know that as long as inflation stays below my bank’s interest rate, my money’s not gonna be worth a fraction of itself a year later. There is no such guarantee with “decentralized” crypto, because there is no central body with a vested interest in keeping the value steady.