I read a few anti-crypto mainstream articles before starting this piece, just to get a feel of the sentiments from the other side of the divide. While we are currently trying to navigate our way out of this downturn, anti-crypto sentiments seem to be at an all time high as the mainstream are certainly milking the situation with phrases like 'fall of crypto'.

One major point on nearly all the pieces were criticisms on the utility of the space, with many likening it to a ponzi scheme of no real value. I find this funny because there have been increased efforts to showcase crypto's true value proposition and its application in sectors like sports, gaming, health, banking, avaition et all. In all these cases, consumers are getting more for their involvement than was previously obtainable with mainstream offers, but we'd rather focus on meme coins such as Doge and Shiba.

It seems very convenient to leave out the fact that a price downturn isn't new in the space, or that we are still only a decade old. Trying to leverage on a revolutionary technology that appears in direct conflict with a traditional finance system that is widely accepted and has largely favored its creators was always going to be a difficult ask. Crypto in this short space of time has gained acceptance of individuals, institutions, and governments building from nothing.

One Even Said Crypto Has Failed As a Currency

I took serious exception to this remark as soon as I came across it. You try telling me of any traditional system that can send money fast, cheap and conveniently from and to any part of the World. Currencies such as Hive are leading the way and showing us how swiftly a truly globalized payment system can be. If you fail to see the problem then you'd fail to see the solution, and that seems to be the case as it seems some of these traditional anti-crypto journalists are from developing coutries or angles of priviledge.

It is convenient to keep hammering on current prices and one particularly highlighted a decline in the value of an asset, classifying it as a loss. For those in the space, we know that it isn't necessarily a loss until an asset is sold, and classifying an asset that has declined in value lost in spite of its value proposition is judging too quickly.

The space is still evolving, and we'd be seeing more downturns like this for the next decade or so. In this however, we must acknowledge the developments made even when others choose to conveniently ignore. We all work towards stabilizing the space and getting it to perform optimally. For this to happen, we'd be seeing a lot more ups and downs in the future.