Obviousely you have NO IDEA what you are talking about. You are simply spitting out the terrible arguments you heard on TV, weak-ass arguments that have been debunked 100 times.
How is the fact that anyone can create a coin an issue ? It is the same as building a company: everyone can, but if you have a dumb and useless concept, people are not going to buy anything from you nor invest in your business.
Not every crypto has mining, ever heard of PoS or PoH ? You know that there are a lot of different ways to create a consensus and that proof of work is simply one way ? Of course not, because you are neither crypto-educated nor smart enough to understand these concepts.
It isn't just "a currency". First you are confusing crypto and BTC, which are two different things: BTC is a cryptocurrency but cryptos can be much more. There are many cryptos that don't aim at being a money system but an actual usecase: VET, THETA, GRT, BAT, CHZ, SAITO, NUM... Of course you never heard of any of them.
Explain how does it help criminals ? Afaik, the vast majority of crime money still go through fiats (around 99%), fiat never stopped criminality before and there has been no significant increase of criminality after BTC. Some networks (XMR, SCRT) aim at being anonymous, it is true, but it is a tiny minority. Cryptos are much more regulated than in 2009, because remember, it is NEW. Now most of transactions go through Binance, Coinbase and other platforms who declare the funds, and a regulated crypto is actually better than any fiat system to fight criminality, as transactions are PUBLIC, TRANSPARENT and CENSOR-PROOF.
Lastly, this volatility argument is just plain dumb. Cryptos are barely 10 years old, it makes no sense to compare them to systems that are centuries old. They are getting more resilient with each year passing. But by saying this, you are also hiding the fact that BTC network NEVER went down, nor made ANY MISTAKE. No other monetary system on the planet can say the same.
2022-01-22 14:13