It's a similar story with Nano, and it de-masks the true nature of this mania

On paper, it's a perfect crypto. Really fast and fee-less transactions, proof of stake avoids the environmental impacts, completely pre-mined, distributed as equitably as you reasonably can, and truly decentralized.

But it has one major flaw - no way to get rich quick. No celebrity hyping it up. Nobody is "in it for the tech", it's all a glorified game of chicken

Freicoin was invented earlier and died faster than any other cryptocurrency. In my opinion the idea of an anti speculation cryptocurrency failing is exposing the entire cryptocurrency space for what it is: gambling.

A useful currency requires at least some reasonable level of price stability. How popular is crypto becoming as a payment mechanism? From what I see it is actually becoming less popular with time. I saw options to pay with crypto way more a few years ago.

It's less useful as money because so many people use it as a speculative asset.