At its core, what if the Crypto Industry is really the chaotic, carnival-on-wheels casino that the other 90% of society perceives it as?
Even for those who work in the crypto industry are aware of and appreciate this perspective as to why much of the world perceives it as such.
We can build a strong argument around the following:
Yes, buying cryptocurrency is a gamble.It is gambling of sorts, at least at this point in time.
Just think of Bitcoin alone - how susceptible is its price to the whims of the "Whales" who own the lion's share of circulating supply?
Research and Objective Market Sentiment indicate "yes".
Let's be fair though. What is the benefit of digital currencies that exist on decentralized system of ledgers and nodes?
Providing access to the banking system to areas and populations who would otherwise not be able to "bank."
On my episode with Ornella Hernandez @ornibella 🇦🇪Dubai-based Tech Reporter & Broadcast Journalist ( worked for @blockworks__ , @cointelegraph ) ( Television work with @cnbc and @telemundo ) we discussed diverse use-cases of digital currencies especially as to "un-banked" populations, both 1st & 3rd World, across continents. Where DeFi has provided unbanked populations access to banking, the flip side of DeFi has also enabled easier execution of criminal activities by individuals, groups or countries .