this post was submitted on 27 Feb 2024
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It's more that noone cares about the actual use cases of crypto and are just using it as speculative gambling.
Bitcoin is the literal equivalent of a horse and carriage while cars exist. If any crypto survives it should be the proof of stake crypto not the badly designed bitcoin (noting of course, for its time it was amazingly innovative, just that it's no longer actually useful).
Not to mention the whole design flaw that it's meant to be completely private/anonymous but ironically is one of the most public and traceable things ever created.
Bitcoin was never meant to be that, people were/are just idiots.
Monero on the other hand... Something made possible because Bitcoin came first.