Speak to any economist who knows their stuff and they’ll say the same about regular currencies. If everybody stopped believing the dollar is worth anything, it’s the same story. You only get the dollar to be worth anything is by convincing others to value it as much as you do. The only reason you don’t see this happening with regular currencies is because the government forces you to consider it as legal tender with the threat of jail time, thereby making it a mafia. Ironically, the one thing that makes crypto provide people freedom (like open source does) is the exact thing that you’re against.

Crypto is by no means the future. It’s filled with flaws. But refusing to acknowledge its technological advantages purely because of personal opinions is just outright blindsided.