https://www.zerohedge.com/crypto/fed-down
The Fed Is 'Down' Tyler Durden's Photo BY TYLER DURDEN WEDNESDAY, FEB 24, 2021 - 13:21 It appears that The Fed is "down" as all FRB Servcies are currently offline including ACH and FedWire...
Translation: the official establishment-sanctioned method of transferring money in America is currently
Most of the crypto (especially all the "tokens") is as big scam as fiat.
There are very few excpetions like bitcoin.
Bitcoin is a shitcoin now tho.
The one real exception is Monero, it's well designed to be digital cash and is borne out of the cypherpunk manifesto mentality. Ethereum or a similar project will likely fill the role of a distributed computing network, I have my concerns about ETH. There are other niches as well including centralized coins like Stellar. Then there's even bigger picture projects that incorporate ideas like new internet protocols.
There's a lot of room for real projects, but yeah of course there's an absolute fuckton of shitcoins.
Bitcoin is overhyped, but the fundamentals are still solid.
Totally agreed on monero.
The fundamentals are dead. If you believe in Bitcoin's fundamentals you should be interested in Bitcoin Cash.