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The original was posted on /r/nanocurrency by /u/EastAnnual1863 on 2024-11-19 12:13:27+00:00.

The original purpose of cryptocurrency was to be inflation-proof, facilitate payments, and empower individuals to be their own banks. However, these days, many people store their coins on exchanges to earn interest, and meme tokens—created with a few mouse clicks—have exploded in popularity, boasting market caps in the billions. Meanwhile, currency-focused coins, developed over years by dedicated teams, remain largely unrecognized. It feels like a joke.

What direction is crypto really heading? The current state of the space seems far removed from its original intent, and I find it hard to make sense of it.