The dark side of crypto: from crypto and none crypto perspective
What pop into your cognitive thoughts when you hear the word ? For most crypto enthusiast all they could reflect their mind on is decentralization, crypto is mastermind to give the large mass control over their assets with bitcoin in grasp of our thoughts when the word crypto is mentioned it means we are tilted towards a world/society where everyone could be financially liberated from centralized intermediary systems of carrying out transactions solely from middlemen watch crypto is freedom as most crypto users will view it, without been biased and putting all sentiments aside but how does an average none crypto enthusiast or critics view cypto it is completely opposite of our view of what decentralization is here to offer the world at large.
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How crypto enthusiast view crypto
Have you ever thought about Introducing bitcoin to a friend? Aside bombarding them with the financial landscape surrounding bitcoin tokenomic like the 21 million maximum supply, we highlight reason why they need to opt out of centralized system this virtually mean we are preparing them to embrace what decentralization is all about we also try to compare the present inflation problem and how bitcoin will solve those problems by being a hedge against inflation.
Well to start with, for most crypto enthusiast like me crypto doesn't having much of dark side and if it does it's isn't a thing as those in centralized system tend to view it dark side.
However we can attribute the dark side of crypto to have increased the number Con artists, phishing malware, rise in scammers and fast growing rate of impersonating crypto projects popping up on the daily basis we can also see how rug pulling in the crypto space is at it peak, the easy for any anonymous user or project to start a project over night and amass thousands of users make other to question the validity of investors protection in this space. The negative side or dark part of crypto is common for both the decentralized and centralized space which every thriving space tries to minimize as such problems can't be completely eradicated but can be minimized.
How centralized users view crypto
First you hear crypto is a scam! it was introduced to rebel against centralized system, you hear questions like why add new money to replace money why not just clone the old money to digital, how do you know centralized system have been tracking you all this year you hear stuff like you're been delusional putting your trust in a digital coding currency that can easily be hacked and besides who even cares about bitcoin that isn't officially recognized by government authorities?
The question list goes on forever, it's such time consuming when you try to convince such type of friend about crypto (decentralization) as their view about cryptocurrencies are so much different from that of crypto inclined users.
For none crypto believers crypto is filled with uncertainties, aside the financial crisis involved in holding cryptocurrencies which includes high volatility nature of crypto markets, lack of liquidity to back most crypto trading pairs the dark side in crypto space includes its illegal use for perpetrating anonymous form of transactions according to most critics crypto space have been used as best channel for siphoning money among drug dealers.
Scam rate have rose significantly since the inception of crypto as more users have reported been scammed from impersonators pretending to be the real project, crypto space not legally recognized by authorities even makes it hard for centralized users to confine their trust in the space.
Uncomfortable truth
Every individual is entitled to have their personal opinion they can either criticize or embrace a certain opinion about new development we can't as well force our views on users the fact that I see crypto in form of decentralization and other seem to find it hard to understand it decentralized nature doesn't make the crypto inclined users any better than none crypto users we are all holding to our personal opinion and this should be respected for all class of races.
In summary every system either decentralized or centralized have their flaws weighting and cross checking which side will have the most positive impact long term is what matters most.