Does anyone else tire of opponents arguing that crypto isn’t backed by anything? When will people learn that finance is really about trust and faith in an interdependent world. It’s not a bad thing to reimagine the form money takes. Cryptocurrencies are the next wave in money. And developing nations just might have the opportunity to use them as wealth generators in an age where money and value can be transmitted at a touch.

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Agreed, and was disappointed to see my favorite YouTube channel Economics Explained take a similar stab at crypto. I believe mass adoption will start with 3rd world and developing countries. When it becomes their main store of personal value and a medium of exchange they trust over their shit domestic currency, the snow ball effect will start

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I think they fail to mention it’s backed by the miners and ppl who run nodes.

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