I’m going to keep this short but I just fell down the rabbithole of crypto again and maybe it isn’t as bad as I thought. Many of their ideas are very similar to the fediverse’s. The idea of decentralized finance using a stablecoin sounds awesome to me. (though i’d much prefer to live in a world where money isn’t needed) Maybe the technology is actually good but the techbros and scammers ruin it with their false promises and complicated words. Hopefully, in a few years after the rest of those scammers have moved on to scamming with AI this tech could be truly used for meaningful purposes.
Check out the Gamestop wallet.
I think layer 1 protocols like Ethereum are not appropriate for small money transfer, that activity should occur on layer 2 roll ups, it’s far faster, cheaper, and more efficient. Only use offramp to fiat or L1 if you need to.