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Crypto "currency" is dead and I see no way to revive it.

4d ago
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this may be a very unpopular thing to say. I was an early adopter of crypto currency. In 2015 I believed it could be a good way to buy things in the future and that their would be some real world worth to it eventually. Flash foward to 2025 I stopped using any sort of crypto. it is no longer crypto CURRENCY. it is now legally equivalent to stocks. Unlike A stock though their is no real world basis for the price. At least when it was being used to buy goods and services their was some form of real world application. Now a days though, No one is going to use the vast majority of cryptos for anything other than to put money in it like a stock. The way they want it reported for tax purposes makes it impossible for it to be used as anything other than a stock or bond. I have to do a bunch of IRS paper work to prove I made no money last year off crypto and none of the exchanges reported the cost basis. So I have to go through each transaction and figure it out myself. It isn't worth it for any vendor of any sort to allow users to pay with crypto as a result of the way they are taxing it. Crypto As a currency is dead. It is now the modern equivalent of a junk bond. Such a shame, I had high hopes for it.

edit almost none of you are actually understanding or bothering to read what I'm trying to say. satoshis original vision of btc and crypto in general was to be a form of electronic cash. it has not panned out that way. crypto is no longer a currency, it is a investment. that was all I was trying to say.

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4d ago
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bearish:

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