Why I Don’t Think Crypto Can Replace FIAT After extensive research and reflection on cryptocurrency, I believe that nearly all technologies in the cryptosphere won’t succeed. The ones that do will probably only play a minor role in the future of finance. There’s a lot to say so I’ll focus on what I see as the fundamental issue: trustless and decentralized financial systems, no matter how well-engineered, fail to meet basic user needs. Crypto overlooks the need for oversight and intervention. ...

Why I Don’t Think Crypto Can Replace FIAT After extensive research and reflection on cryptocurrency, I believe that nearly all technologies in the cryptosphere won’t succeed. The ones that do will probably only play a minor role in the future of finance. There’s a lot to say so I’ll focus on what I see as the fundamental issue: trustless and decentralized financial systems, no matter how well-engineered, fail to meet basic user needs. Crypto overlooks the need for oversight and intervention. ...