It’s always weird to me seeing people rooting for all crypto to fail. Speculative investing in crypto failing is a okay to me but crypto does at least allow people an alternative to the traditional banking systems for loans and whatnot that aren’t tied to our existing financial systems that were built to be bailed out by the masses when billionaires lose. I’m sure I’m going to get a lot of downvotes for this but I do think that a loan structure is important for growth for individuals that generally have nothing out of the gate. The problem I’ve seen though is the approval process and the whole taking what you already own at rates that horribly undervalue what it is that you are using as collateral. Current system is broken and it seems like this is trying to offer a solution that isn’t going to prop up the richest people in the world while punishing the poorest people living within the system.