Yes, Crypto Is Crashing Again. Blockchain Will Survive

Not really related to the article but just a musing on crypto is that I personally find the good thing about crypto to be the hope that people believe in being able to change their financial fate through it.

But the annoying thing about crypto is the mass delusion that seems to take place with people making non-sensical claims and being stuck on past performance of a coin as if past performance is a predictor of future returns.

> The vociferous opponents of crypto have been quick to celebrate the death of the blockchain, insisting that all crypto is fraudulent. These critics are a mirror image of the equally unrealistic cheerleaders at the opposite end of the spectrum: the pro-crypto libertarians clamoring for a financial world with no regulations whatsoever.

Precisely correct. The majority of meme useless projects will not survive regulations and they will wither away and the remaining crypto projects will continue to survive.

Either side of the anti-crypto and the pro-crypto folks thinking that it will 100% all collapse or all of them will survive and take over the current system are both unrealistic and are at most absolutist ideas and hopelessly utopian.