Agree on that.
However, cross border remittances is a big business and if that alone is displaced by the use of cryptos it will still be a huge step forward. 3rd world countries have more need that we do in US.
Labor participation rate in US has been dropping since 2000
The new and newer generations are moving away from traditional jobs. The option of getting paid in a currency that may not be tracked by the IRS has appeal.
Possibly there will be applications that can only be accessed through crypto payments and not with dollars, etc.
All in due time.
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