Reporter at Drop Site News, co-host at Breaking Points/Counter Points

happy you’re here, please tear this industry apart. we need it and it will make us stronger.

The problem I have tearing crypto apart is that I don’t really understand it technically at all detailed level. My objections are all philosophical. It uses up a ton of energy so people can speculate and do arbitrage. How is that worth it? I’ve used it to pay journalists in Afghanistan and appreciate that but I’d rather all this energy be spent ending sanctions. What am I missing?

There are various game-changing use cases that crypto enables, let me list some for you:

- Access to US dollar for people in countries suffering from hyperinflation through stablecoins.
- Remittance payments without getting screwed by outrageous fees
- Tokenization of Real World Assets, giving people all over the world access to them, removing barriers of opportunity in finance. This also can include decentralizing Energy for instance, allowing individuals to earn from their solar and creating vastly superior carbon credits than existing offerings.
- And perhaps relevant to your world as a poltical reporter, DAOs allowing for mobilizing focus and capital from seperate individuals to lobby for something and combat the trend of how corporations have all the power in lobbying.

In essence it can make everything in our financial system and various industries more efficient and transparant.

The energy argument you mentioned is not really the case for Ethereum anymore since the merge in 2022.