[jensvdh]

Because credit cards have consumer protection and laws and regulations. Crypto has none of that.

[Gigachad]

The crypto space is rediscovering the financial system from first principals. At least by the end they can hopefully appreciate that the original government controlled system actually works the way it does for a reason.

[rodgerd]

> At least by the end they can hopefully appreciate that the original government controlled system actually works the way it does for a reason.

"A religion cannot fail, it can only be failed"; I admire your optimism, but I expect that the true believers will not question whether the premise of cryptocurrencies is wrong, but rather will twist themselves in knots to find new scapegoats as to why it doesn't work the way they expected.

[cowtools]

The crypto space isn't rediscovering anything. Speculative investors and other noobs are discovering cryptocurrency for the first time.

[cowtools]

Credit cards wouldn't need such stringent "protection" and surveilance if they were secure and dependable in the first place.

Of course cryptocurrencies do not have such regulations. the purpose of cryptocurrency is to facilitate exchange with untrusted parties.

[kahnclusions]

The point is that cryptocurrencies are not secure nor dependable in the way that people actually need them to be, and they don’t solve any of the actual problems that people have with the banking and credit system.