If the financial system is a person, then it splits into three categories:
Id: crypto criminals like Do Kwon, SBF, and so on…
Ego: Bitcoin, Ethereum, and many other cryptos
Superego: banking system, institutional investors and so on...
Superego suppresses Id to a certain degree to produce Ego.
You can see Superego is a "good" guy and Id is a "bad" guy.
So depends on how the good guy interacts with the bad guy, you have a spectrum of crypto.
Even though some crypto does not have their boss, it does not mean they are purely good.
Bitcoin for instance, the creator has never revealed his or her or their identities, do not mean Bitcoin is the ultimate solution.
In contrast, Ethereum's co-founder is not always right, even though his reputation in public seems okay.
The point I am making here is that there is no way to purely judge crypto on what is right or wrong since crypto is relatively dancing between the boundary depending on what you want to measure and its reference.
Rather, you want to check and verify those good guys and bad guys about their intention of using crypto to do something that works for the society as a whole or just to benefit themselves to become an over-night success guy...
Photo by Skye StudiosUnsplash
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You can refer my previous article lists
Things that do not work out in crypto after 14 years of its creationBanks stay away from crypto for now
Disputes between DCG and Gemini
Why play to earn is a slavery game
Why AI is more convincing than blockchain
The thesis against Crypto Exchanges
Does Bitcoin negatively correlate to the dollar
Why Ethereum reputation is in question
Crypto whales are secretly dumping
Why Ethereum killers are killing themselves
One more thing NFT can do
Crypto is a good investment or not
When the safest security got hacked
Why the government tried to regulate crypto but fail
Why staking is in trouble sort of
If you are in Crypto, you are stupid
How many people to manage the crypto bank
Should you invest in speculation
The problem with the Metaverse
Crypto exchange is not your bank