> Can we just talk about the fact that airlines have private coins but they just call them points or miles? Or what about this thing that everyone hates inside of video games that is just passing money to power points or gold coins, or jewels, etc. Or even casinos with stablecoins that are just called chips.<p>This is actually very interesting and one of the first times I have heard of practical uses of crypto. If credit card or airlines rewards were credited via decentralized private coins, users would have greater ownership of their rewards, and they could be traded in secondary markets.
> So, why are we still trying to make crypto happen?<p>Because it's just a resurgence of Beanie Babies. It's just this decade's get rich quick scheme
People in crypto invent new words rather than building new things all too often. I think it's a carryover practice that emerged from the whitepaper era of 2017-2018, when you had to have a massive pseudo-intellectual theoretical framework supporting your dApp to support a token raise.<p>Build cool things and don't hide behind jargon.
Monero is cryptocurrency, this article is just venting from someone who buys into scams. Crypto matters because privacy matters, and privacy needs decentralization.<p>-edit-
Just to add clarity, decentralization is necessary becasue inevitably the people we need to hide from, are the same ones in control of the system.
It's a little late for crypto shills to rebrand. I don't think the word 'shill' is uncalled for at this point. I've been burned a bit and so have some of my friends and family. I haven't seen anyone offering refunds, just lovely names like "degenerate."
I think the allure of "crypto" is the same as the allure of "gold": it's a store of value that isn't subject to government manipulation (may/may not always be true)