I know that banks are evil institutions and we hate them, but can we at least be realistic about it?

Lately I’ve seen tons of posts claiming that the banks’ dominance in fading, and that the current system is on its way out while crypto is stepping in to take its place. I like my daily hopium dose as much as the next guy, it’s getting a bit ridiculous.

Crypto still has a long way to go before it gets to a level of mass adoption where we can start making these claims. And there’s nothing wrong with that. There’s no need to rush the growth of a technology that’s so early in its development.

I’m not talking about people who are bullish in general, there’s nothing wrong with that. But some of the baseless claims that get tossed around in this sub are ridiculous and frankly they undermine the credibility and legitimacy of the sub and of crypto in general. For example, all the surveys and studies that get published daily claiming that 50, 60, 70 or even 80% of [insert demographic] own crypto. Just talk to the people in your life and you’ll know that it isn’t true.

This post turned out a bit more meta than I intended, but hopefully it’s alright. Rant over, let’s see those downvotes.