There is no any tech or sacred value out there (IMO)

Guys, I wanna be fully honest and transparent with you so today Im breaking down my thoughts about the crypto space we are in now.

Two things you to know before we start:

1. It's not about pump and dump stuff. All we like that idea about getting rich relatively easy. Btw Im here only for that, almost don't believe in “true underlying tech”.

2. Im a software engineer with 8y of experience (1y spent on the writing smart contracts in Solidity for Ethereum blockchain).

So Im going to talk only about Bitcoin and Ethereum because the most people think these two only 2 true crypto out there. Let’s discuss them.

Bitcoin

The main narrative is “it’s true sacred money which is here to give us financial freedom, it’s non controlled entity and it’s really decentralised”.

But it was something like that from the very beginning. Currently unfortunately behind mining is a few solid companies which control almost all mining powers and how blocks go the the blockchain.

Yes, it’s not easy to shut down and “it’s not profitable for them to be bad actors” but are you really sure? If we are talking about the true power of Bitcoin someday we all will see. Im 100% sure it’s completely doable task for people who rule the world to take all needed control over Bitcoin.

And also guys do you really think the people who own the biggest money in the world, guns and who can show any propaganda narratives in your phone will let Bitcoin become free currency around the world? They never will loose control over modern order in the world.

Bitcoin is the magic internet money. Sometimes people use it a bit. Currently they are overhyped (and maybe they will become even more overhyped next years).

But that’s it. This is just brand new modern asset to buy. You also can buy some old paintings and maybe the price will go up in the future or maybe it won't. Nothing special.

Ethereum

No any real world usage for smart contracts. It has been here almost for 10 years and what we got? Nothing except make-your-gambling easy tools like DeFi/crypto-loans/crypto-collateral things and so on.

From what I see nobody really needs smart contracts. All we have and built till now are just tools for gambling (these things were kinda forced to be invented to bring some value into the smarts contracts world).

No any solid company / country is going to rely on all those costly buggy-laggy centralised blockchains.

Even if that day will come and there will be real needs for smart contracts — Im sure it will be handled and managed by big tech companies and progressive governments but not by current tribal workarounds we have.

Smart contracts are meant to be something that holds crucial data and makes it transparent and unremovable but not all that trash we have on blockchains now.

Again. Maybe someday blockchains will enter home. But everything how it looks now it’s just a garbage. I would say now it’s only Proof of Concept and nothing more.

I would really like to read your opinions guys. What do you think? And sorry for my English it’s not my native lang.