still not sure if crypto is a scam
Conversation
here are the things i still don't understand:
1
6
the bitcoin whitepaper seems to say that the best part about crypto, its raison d'etre, is that you can send peer-to-peer transactions with no financial institution middleman
2
9
there are other reasons to like crypto; e.g. unlike USD, BTC can't be devalued by bad monetary policy, b/c the monetary policy of BTC is programmatically set in stone
2
1
this is, if i had to guess (i'm guessing off first principles here), a reason why financial institutions are interested in holding crypto - its value is relatively uncorrelated from the value of other currencies b/c it isn't affected by monetary policy so it's a useful hedge