Why crytpo + fiat is pointless

Until crypto can exist beyond the scope of fiat - crypto is kinda…pointless?

Explain yourself!

Well, what do people do with crypto at the moment? How do you spend your 0.05 BTC? You probably convert it to fiat and *then* spend your winnings yea? For the overwhelming majority of crypto users - the crypto interest only goes as far as it can produce more fiat money. Example - you buy 1 BTC at $55K, you sell 1 at $60K - boom, you just made $5K. You transfer this $5K in fiat profit to your bank (or rinse and repeat or whatever). You only bought the BTC on speculation so you could…make more fiat. You stake so you can earn interest that will convert to…fiat. [[ Insert more examples of how the great majority of crypto users are only concerned with making more fiat — more power to them ]].

And therein lies the real problem with the crypto space at the moment - if crypto is associated with fiat (USD) then it is bound by the rules/regulations of said fiat. Ok well if that’s the case, then what’s the point of having crypto in the first place? My point exactly. There isn’t one! How can Bitcoin play the little brother to a currency it was meant to replace? [[ Yes guy, bitcoin was a PoC project meant to illustrate how we could possibly *replace* our current system of money - fight me ]]. Platforms like Coinbase try to tell you that you can “have your crypto cake and eat it too” by buying/selling only the most regulated of cryptos *and* making sure you’re in good standing with the FEDs. Lol - I call bullshit. Platforms like Coinbase don’t give a shit about financial liberations and “fixing the system” - they’re only concerned with carving out their piece of the pie and making sure the great financial wheel continues bulldozing over all of us.

No. We need to get to the point where I buy 1 BTC fo $55K, it goes up to $60K, but I don’t sell. Why? Because I don’t need to sell. Why? Because I can get a loan in BTC. I can pay my rent in BTC. I can buy a pair of shoes in BTC. I can take my girl on a date and pay for it…in BTC. As long as we keep having to introduce fiat into the situation - we’re going to be bound by the rules/regulations of fiat. Crypto and fiat together (e.g., Coinbase) is as much of an oxymoron and a Black White Supremacist (shoutout Uncle Rukus!). Until (A) crypto can stand alone without fiat, or (B) someone comes up with a mechanism for atomic swaps involving fiat (kinda like Bisq, but minus the trust) - the crypto world will always just be a “for fun” thing.

We must, absolutely, positively, without question - remove fiat anchor from the neck of our crypto thoroughbreds. If we can’t, I worry all of this great innovation might go to waste.

All spicy takes are my own.