Why crypto is so annoying

In other words: A group of people direct their attention to something, and that changes its value. This, in turn, draws the eye of various media and attention merchants, which in turn changes the value again. Crypto hype is the purest and most logical endpoint of this phenomenon. What most people are talking about with a given crypto asset is just ... See more

Crypto is yet another polarizing topic these days. Some people are trying to figure out what the hell is going on with it, while most everyone else seems to have already made up their mind, and they usually don’t like to have their decisions questioned.

As a consumer technology, cryptocurrencies are a hot mess. They’re extremely difficult to purchase, the networks are slow, the transaction fees are high, the community is full of trolls, hackers, and scammers, it’s far too easy to lose your funds or have them stolen, and even if you win the battle to secure your funds or use a custodial service lik... See more

Crypto is seen as the domain of cheap scammers. Ordinary people are not flocking into crypto.