Transactions should be autonomous push transactions, which crypto does. To send money with crypto, you actually send it, as opposed to a merchant pulling money like with credit cards. The additional part is crypto is autonomous. No card company acting as arbiter of all transactions
In that way crypto is objectively a superior method of transaction
Where it fails is throughput, use as a speculative investment, and lack of stable backing. Throughput can be solved, but I don’t have a solution for the other two. Bitcoin was honestly great to use for transactions (where you could) until the value exploded. Ethereum is okay, but not great, even with other transaction technologies stacked on top
Transactions should be autonomous push transactions, which crypto does. To send money with crypto, you actually send it, as opposed to a merchant pulling money like with credit cards. The additional part is crypto is autonomous. No card company acting as arbiter of all transactions
In that way crypto is objectively a superior method of transaction
Where it fails is throughput, use as a speculative investment, and lack of stable backing. Throughput can be solved, but I don’t have a solution for the other two. Bitcoin was honestly great to use for transactions (where you could) until the value exploded. Ethereum is okay, but not great, even with other transaction technologies stacked on top
2: It’s gradually stabilizing, with the % change of bubbles/crashes getting smaller over time.
3: In the sense that gold is backed by its usability for jewelry, bitcoin is backed by its usability for secure time stamps.