Because YOU true believers keep bringing up banks and theft as a deflection?
Always blaming someone else for your own actions...
And yeah, your posts makes me want to ridicule.
Ah yes... I make you want to ridicule... Keep that narcissism going. For someone close to retirement, you sure lack self-control.
Not that crypto might be the future in some sort of fashion but the gloom and doom of other currencies.
The doom of fiat currencies is independent of crypto. Whether crypto exists or not, it will happen, and it will happen quickly, particularly for the US dollar. Crypto happens to be a good place to keep or increase your purchasing power.
As with Internet and email the collapse of fiat/stocks has long been predicted from people like you before those ever existed. And yet here we are.
That's a lie. Internet and email were never going to kill stocks and fiats, due the simple fact that the internet didn't tackle the financial system, but rather facilitates information transfer. But the internet still revolutionized multiple industries. The internet was and still is a threat to a lot of traditional industries.
Cable TV, renting of movies, buying movies, and even movie theaters have been largely replaced by streaming services.
Letters have been replaced by emails. The main institutions that still use letters are governments; the slowest organizations to adapt.
Shopping has been pretty much replaced by online shopping..
Even learning, universities etc are being replaced by the internet.
The list goes on and on. The most important part is automation.
Crypto is the next step, because it has digitized trust, meaning, trust is no longer required between parties, since it's embedded in the technology. You can choose to still use a middle man, but as of right now, no more middle-man is needed. Just like drones are going to deliver packages without needing a person to do it, crypto is going to replace people and institutions in a lot of industries, particularly in the financial sector.
Crypto is directly tackling the whole financial system, and that is why we are saying that it is a direct threat to banks. It will not be a threat to stocks, because companies will always exist. But the elitism is being squeezed out. You no longer need an approval of a broker to participate. The barrier to entry is not thousands of dollars. There is no longer a barrier to entry to pretty much any service.
There already are loaning services, insurance services, pension funds, decentralized exchanges (meaning without a CEO that can run away with the funds since nobody owns it), crypto pegged to gold and backed to actual physical gold, supply chain services... It goes as far as being able to rent out the free storage space on your computer hard drive, without the one renting the space being able to see what the renter has stored on it.
I bet you didn't know you can trade stocks on decentralized crypto platforms... NFTs also make copyright institutions obsolete. No more publishers for music, since musicians can publish their own music and get rewards directly, rather than everyone taking too large a piece of the pie. Your diploma for a degree can be issued with NFTs, meaning, no more fraudulent certificates.
And all this, is just scratching the surface.
But nobody is going to convince you anyway. And I'm not replying to convince you of anything. I am replying for the ones that are reading these posts, and think that your posts have any meaning. They don't, simply because it is quite clear that you do not understand crypto, and are spreading FUD based on your own biases. You might understand how the world used to work, but this digital age is completely different to what you can imagine.
Enjoy your retirement.