idk why crypto is so hated

From an IT perspective, blockchain technology is a solution in search of a problem. From an environmental perspective, crypto is a disaster. From an economical perspective it's too unstable to be anything but gambling.

Buying drugs over the internet is the only real reason crypto currencies can be useful. Hell even in person it's better to use cash.

Outside of the very small niche use as payment for illegal services, it's basically a scam.

When it is mentioned in mainstream media it's almost always by some asshole trying to get more people into their scam, thus the negative reaction.

Re: your edit

Scams are a visible problem, but even if they don't scam outright, it ends up becoming a pyramid scheme by default. Late game you have people trying to convince people to use x coin because they'll get rich, when they're just trying to boost the coin in their own wallet.

Digital, hard to track cash has it's place.

As far as the tech, yeah it's cool AF, we keep trying to find ways engaging enough to make people run the ledgers but nothing but get rich quick schemes seems to have enough drive.

People don't like nuance. A lot of scammers, a lot of pump and dump schemes, a lot of unregulated market exploitation took place " on the blockchain ". That's what most people think about. So the PR is terrible.

For monero, which is trying to be digital cash, not an asset you hold, not a speculation, just a transactional currency. It's great. I advocate it to the people I associate with, and I use it for legitimate services all the time, VPNs, donations to nonprofits, domain registration, hosting, many things.

The main thing you have to focus on, is the utility, don't worry about the popularity contest online. If there is utility, and it's better than other options, people will use it. So you have to make sure the ecosystem is friendly, usable, and practical for people. Once that exists the rest will fall into place.

There are several reasons why I ignore anything crypto related.

• The barrier to entry is daunting. Where do I buy it that isn't going to scam me? Where do I store it that isn't going to just steal it? How do I use it?

• Almost everytime I hear about it, it is related to a scam. I recieve texts from strangers wanting to scam me with it. I read about people like Bankman-Fried being seemingly legit but then stealing it. I read about Musk's on-again/off-again love for Doge and it feels like just a way to pump up his own investment that would be illegal of it were normal investments.

• The freedom it gives you to get what you need is the same freedom that allows organized crime, terrorist organizations, and sanctioned countries avoid scrutiny a lot easier.

• Most are a risky investment. The price swings greatly on the biggest ones and never goes up on most of the others. The only ones that don't seem to have that problem are the ones that peg their value to a real currency.

Proof-of-work based crypto has been a disaster. It consumes huge amounts of electricity and other natural resources but produces nothing of intrinsic value. It's spawned whole new criminal enterprises committing whole new categories of crime.

Cryptocurrency in general has been an abject failure. It has not become a genuine currency. It is not a store nor a measure of value; it's value is measured in fiat currencies. It's closer to a commodity, but unlike actual commodities you can't use crypto to make anything useful.

99.99%+ of cryptocurrencies are Ponzi schemes designed to enrich the person or persons who started it. That's why everyone and their dog is setting up their own cryptocurrencies. If crypto actually lived up to its promise of being decentralized and impossible to manipulate there wouldn't be a new type of coin being invented every 5 minutes.

And NFTs? Don't get me started.

Crypto is used to do scams and illegal stuff more easily, and you don’t understand why people hate it?

Read again my answer as long as you don’t understand.

People got hung up on the gambling of it by celebrities.

People love celebrities and they scammed them so now crypto must all be a scam.

I have been following the tech since it dropped.

Crypto solves plenty of real world issues such as quickly and efficiently handling transactions. A project like Ripple has been working with BOA and their payroll division to cheaply handle transactions and scale the service as needed. Something our dinosaur ACH system sucks at terribly.

It also solves warehouse management issues. Warehouse management has become increasingly asymmetrical with massive hubs such a Amazon growing exponentially within the last 15 or so years. People cannot keep up. Give everything a RFID crypto tag and you can find anything anywhere.

It’s stable and efficient tech. People who say otherwise may not know the good projects as opposed to the scam coins/projects.

If a celebrity is doing it, don’t buy it. The conditions have changed, this isn’t 1960 and celebrities are just d bags mostly. Just my observation living around and knowing some.

Anyway crypto is dope, the cultural bullshit and lies aren’t. And most people are fairly dumb. Which is why we need a working Google and not whatever the current garbage state it’s in.

BTW Coinbase is the only barrier to entry I am aware of. Safest, most regulated exchange and has a lobby in Congress.

Get educated not “cultured”.

Aside from fairly limited use doing... let's call them privacy-minded things, a lot of cryptocurrencies are useless bandwagoning at best, highly random objects for speculation in many cases, or obvious, unrepentant pyramid schemes or other fraudulent bullshit at worst.

Cryptobros have managed to completely destroy everyone's patience for it by relentlessly pitching The Next Bitcoin (one of the zillion different ones, that is) every millisecond for years, to anyone not physically resisting it, so... yeah, now nobody wants to listen anymore. Go figure.