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Is there any real-world application for cryptocurrency, except for ICO scams and a colossal waste of power?

• senectus1 8y ago
  in my experience there is a small scale use for it. (buying small incidental items, or online gambling). On the large scale, its just a massive financial mutual masturbation scene. too small a number of very large market holders throwing their weight around to buy/sell within the same market.
• lalaland1125 8y ago
  Illegal activity (drugs, extortion, child porn, etc)
• arisAlexis 8y ago
  yes. Ask Jack Dorsey, here YC, Steve Wozniak, the owner of NYSE, G20, IMF, Andressen Horowitz, the CEO of Techcrun ch, IBM, Microsoft and many other prominent tech community members of why they think it's revolutionary if you don't get it's uses/benefits. you can start from http://a16zcrypto.com http://a16zcrypto.com
  • cryo 8y ago
    real. world. application, he said :)
    • arisAlexis 8y ago
      you mean something like this? https://www.cnbc.com/2018/08/10/world-bank-picks-commonwealth-bank-for-worlds-first-blockchain-bond.html https://www.cnbc.com/2018/08/10/world-bank-picks-commonwealt...
• BenoitP 8y ago
  Having a fixed-size monetary base currency.
• sshine 8y ago
  Circumvention of local government is a very real application. Anonymous (micro-)payment for things online. Decentralized cloud storage (Sia, Filecoin, Storj, MaidSafe). I'm personally fond of the idea of federally controlled stablecoins.
• Sohcahtoa82 8y ago
  For ebay sellers, it eliminates the possibility for scam buyers to steal their money back after receiving an item. On the flip side though, it enhances the possibility for scam sellers to never send products and steal money from buyers.