If the financial system is a person, then it splits into three categories:
Id: crypto criminals like Do Kwon, SBF, and so on…
Ego: Bitcoin, Ethereum, and many other cryptos
Superego: banking system, institutional investors and so on...
Superego suppresses Id to a certain degree to produce Ego.
You can see Superego is a "good" guy and Id is a "bad" guy.
So depends on how the good guy interacts with the bad guy, you have a spectrum of crypto.
Even though some crypto does not have their boss, it does not mean they are purely good.
Bitcoin for instance, the creator has never revealed his or her or their identities, do not mean Bitcoin is the ultimate solution.
In contrast, Ethereum's co-founder is not always right, even though his reputation in public seems okay.
The point I am making here is that there is no way to purely judge crypto on what is right or wrong since crypto is relatively dancing between the boundary depending on what you want to measure and its reference.
Rather, you want to check and verify those good guys and bad guys about their intention of using crypto to do something that works for the society as a whole or just to benefit themselves to become an over-night success guy...
Photo by Skye Studios on Unsplash
Note: the post was shared on multiple platforms here.
Don’t forget to check out my new book here
You can refer my previous article lists here and here and here and here
Things that do not work out in crypto after 14 years of its creation
Crypto has a lying problem
Crypto bro problem
Crypto whales are exiting
History repeats itself
Banks stay away from crypto for now
Disputes between DCG and Gemini
New NFTs Trend
SEC Lawsuits
Why play to earn is a slavery game
Why AI is more convincing than blockchain
Bitcoin bond is nonsense
Bull market returns until
Bitcoin got one more problem
Deflation is coming
The thesis against Crypto Exchanges
Crypto liquidities
Crypto bear market isn't gone
Does Bitcoin negatively correlate to the dollar
Why Ethereum reputation is in question
Crypto whales are secretly dumping
Bitcoin is not efficient
Why Ethereum killers are killing themselves
One more thing NFT can do
Mother of all bubble
Crypto is a good investment or not
Say no to FOMO
About my new book
Market is up today but why
What is up with market today
When the safest security got hacked
Why the government tried to regulate crypto but fail
Era of influence
Serious of crypto
Humanity in crypto
Position of Crypto
The only way
Why staking is in trouble sort of
Pressure Cooker Environment
Growth vs Fixed
Crypto selections
Crypto is a security
If you are in Crypto, you are stupid
Terra is guilty
How many people to manage the crypto bank
Should you invest in speculation
Crypto is in its own trap
Rug Pull still can pull off
Crypto Nation
Fight for inflation
Blockchain tradeoff
Stricter regulations
The absolute power of Bitcoin
Crypto competition
The problem with the Metaverse
VISA quietly walks away
Crypto exchange is not your bank
Elon prefers AI over Crypto
Crypto kills Crypto
The Dog Show
Stablecoin Crisis
The financial crisis circle is coming
Banks are riskier now
Tron is under the radar
Central Bank is Overrated
