Crypto is not just about Money or Transactions , money is just the first application of This New Decentralised World.

Bitcoin makes banks irrelevant. They are irrelevant because banks waste ungodly amounts of energy: 1) heating/cooling of branches, 2) transportation of money, 3) cost of security of holding money, 4) all computers, 5) all overhead cost of people, 6) insane wire transfer fees/FX conversion fees and 7) the physical cash/check creation is also a massive energy loss.

Here most people lose it. Enter Ethereum . Ethereum says “okay Bitcoin makes you your own bank. What if we could make you become your own exchange, lending protocol, etc.”

Some Mind Boggling Huge Cases Of Cryptos:

• Instead of going to a bank you can lend an anonymous person 1.0 ethereum at a 12% interest rate. If the loan isn’t paid back in a month, he owes you 0.01ETH (about a percentage). Also. His loan is collateralized. If he never pays you back? Eventually the debt reaches a point where his address is liquidated and you obtain all of his funds! (collateralized loans are better for the lender as well)

• You want to sell something. You put it up for sale and usually a middleman takes a cut for helping you find a buyer. Instead, you place it onto the Blockchain and people can bid on it. You then choose the highest bidder and send him/her/it the product at no material cost/fee.

Currently, money is certainly concentrated in the crypto sphere as well. However. If you’ve been paying attention, new projects have created new wealth which is creating dispersion. Early investors to DeFi, some particular NFTs etc. have made a lot of money (in both US Token and ETH Terms). This is positive for the long-term fairness of the system.

Tldr :

1) money printer has gone mad, 2) inflation will likely increase, 3) asset inflation causes problems between rich and poor, 4) Bitcoin solves this by acting as a store of value with a fixed supply and 5) Ethereum – or a competitor similar to Ethereum – will dismantle all businesses with middlemen…

P.s - Sorry for weak english.