Crypto doesn’t have the same consumer protections as centralized cards, though. You can’t dispute a fraudulent transaction with crypto, as every transaction, much like cash, is permenant and irreversable. That and crypto also has a negative connotation with scams, as it is very commonly used to scam people.
The technology and the idea of a decentralized currency is cool, and with cryptos like Monero, can even mean private transfers of money across the internet, but it also has its flaws.
I do think blockchain technology has its uses, though, for example, with government elections, although in that case, individual clients can be compromised, and there is a high amount of incentive for malicious actors to do so.
And that is ignoring the many issues with proof of work and its power usage.
Crypto doesn’t have the same consumer protections as centralized cards, though. You can’t dispute a fraudulent transaction with crypto, as every transaction, much like cash, is permenant and irreversable. That and crypto also has a negative connotation with scams, as it is very commonly used to scam people.
The technology and the idea of a decentralized currency is cool, and with cryptos like Monero, can even mean private transfers of money across the internet, but it also has its flaws.
I do think blockchain technology has its uses, though, for example, with government elections, although in that case, individual clients can be compromised, and there is a high amount of incentive for malicious actors to do so.
And that is ignoring the many issues with proof of work and its power usage.