The conclusion I've come to in crypto over the last decade is that it is interesting. I love the idea of small purchases at food trucks with it as an alternative to credit card fees for small business.
On the other hand I don't see why crypto needs to go up in value or how that actually helps anyone except people that got in early.
India has a great fiat mobile payments system that doesn't require those credit card fees. The real solution is to ditch ACH.
>On the other hand I don't see why crypto needs to go up in value or how that actually helps anyone except people that got in early.
The price rises when someone buys into it. Because no one would sell for less than they just bought, their ask price is slightly higher in general. This makes the quote price rise - same with stocks.
The main problem it solves is trust. I don't see the need for it in a system/govt you trust which is the case in most stable/developed countries like the US or Europe or India. But a fully backed stablecoin available in unstable countries do have a use case.
On the other hand I don't see why crypto needs to go up in value or how that actually helps anyone except people that got in early.