Comment by himata4113

No? Cryptocurrency has a ton of utility: it simplified ransomware attacks, enabled the deployment of supplychain attacks to steal funds from unsuspecting users, made illegal gambling accessible to everyone, memecoins, efts and safe storage for any stolen or illicidly gained funds until they could be laundered and the list goes on likely exceeding the character limit.

The biggest benefit is that you can only withdraw what you need into the real world, if you gain millions of dollars you can life off that money for the rest of your life with tiny withdrawals of $2000~$5000 or so serving as a stable stream of income which allows you to have risk free investment into real-world activites that would normally strain your finances and induce sunk cost fallacy.

Losing $5000 doesn't mean anything when you know that you will have $5000 tomorrow.