Ross M. W. Bennetts

I often wonder if I'm in the wrong industry. Take SpaceX for example. They send a rocket to Mars? Humanity advances. They fail to send one and blow it up? Humanity learns a lesson and advances. All outcomes lead to progress. In contrast, crypto is a damn casino for dum-dums (apologies to the select few). Number go up? Yay, when lambo. Number go down? Lives get wrecked. Where's the contribution to humanity? Yes, it takes time to "build a new monetary system". For sure... but how about we make a few useful things along the way? Everyone is so focused on becoming the next V that nobody wants to build useful stuff, everyone's in it for value extraction. I don't really see *why* this system should not collapse? What would we lose in the grand scheme of things? All crypto achieved was a huge value transfer, but I fail to see any value creation thus far. Mind you, making it big by luck and moving your funds into some non crypto venture is not a success story for crypto. It at best is a success story for a philanthropic lucky person, but more likely a simple diversification of said person. IMO it's past time this industry creates something genuinely useful that people want to use, or should just close up shop. Bitcoin at least tries (and fails) to be a safe haven asset. But the rest are all selling shovels with no gold rush in sight.

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