When I say Bitcoiners have lost the plot, this is what I mean: celebrating 1.1 million Salvadorans using a government-issued custodial KYC app. That's probably worse than the bank you use right now.
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@thedesertlynx

I read in a discussion thread somewhere, that a lot of crypto currencies are now being geared towards "get rich quick" schemes and are focusing less on replacing currencies.

Maybe this is where bitcoin went wrong and why Salvador is experiencing what they do?

If this is true, then it risks damaging crypto and stagnating the development of a useful alternative to regular money.

@h4890 That is true to a certain extent, I think the pure money grabs have become more plentiful and more obvious. But on the other hand, the number of legitimate projects has multiplied as well.

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