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It's like having the worst of blockchain with the worst of centralization; an extra-convoluted bullshit system controlled to the absolute worst of parties.

Check this. I'm not as convinced by bitcoin, but the author makes some good points.

Also not that stablecoins are a hoax. They are either a trust, or they are self-backed, and thereby not stable. This system is no better than having Facebook as your bank, minus the government oversight and regulations that (should) prevent banks from being extra-scummy, because cryptocoins are not protected fiat currency.

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React native developer and Technical writer Americano addicted