I wasted years of my life in crypto

I've never understood the initial arguments about Bitcoin, no matter how many times they've been explained to me.

The block chain is, and always was, an extremely inconvenient database. How anyone, especially many intelligent people, thought it was realistic to graft a currency on top of such a unwieldy piece of technology is beyond me. Maybe it goes to show how few people understand economics and anthropology and how dunning-krueger can happen to anyone.

Now the uninformed gambling on futuristic sounding hokum? THAT is easy to understand.

That being said, I'm sorry the author had to go through this experience, the road of life is often filled with unexpected twists and turns.

Blockchain is a very inconvenient database, for sure, but there is a good reason Bitcoin uses it. It had to solve to double spend problem and create a trustless p2p digital cash, while being censorship resistant and having no central authority.

Some people around a decade ago started using blockchain for everything where a SQLite db would have been better, because blockchain was the buzzword around that time, and they were charlatans who wanted funding and hype, or signal how cutting edge they are (kind of how the last two years everybody became an AI company).

It doesn’t mean that Bitcoin using blockchain is stupid.

It may be money, but it is definitely not cash. Cash is completely anonymous, BTC is not.

Cash is not completely anonymous, but hard enough and not enough parties track it. Bills are serialized and you could take photos of coins and likely identify them based on scratch patterns.

Still, whole thing is saved by not enough people actually tracking it to that level.

And on other side, BTC tracks every single transaction ever. Which is also detriment, that is we keep everything stored forever in lot of places... Which kind seems massive waste.

Point taken about anonymity. However, its design (that of cash) is theoretically anonymous, it is reality which gets in the way. BTC, on the other hand, is "just" a huge ledger of transactions with giver and receiver perfectly "identified" (in a unique way, albeit just pseudonymous) and preserved forever.

Also, as you point out, BTC is a massive waste of resources and storage space.