Thanks for the note, and granted it’s a volatile system, like any financial system. You seem to be applying a very specific singular lens to value though:
“Crypto is an interesting experiment, but is fundamentally worthless, not unlike fiat money, except without national backing.”
— How do you claim it is fundamentally worthless when millions of people around the world are already exchanging goods and services with cryptocurrency? There are over 100,000 merchants worldwide that accept BitCoin, and it was announced earlier this year that Japan plans on adding another 260,000 to that pool by the end of the Northern Hemisphere summer.
Also worth noting that the real promise of blockchain is not necessarily in cryptocurrency, but in a robust transactional ledger that can applied to any exchange that requires an intermediary. Great opportunity here to level the playing field and increase efficiencies and equality in global markets.