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The thing I was getting at is, if you had a computer and Internet, then email would be a free, fast alternative to traditional mail. That has obvious benefit. W
by nickpsecurity 8y ago
The thing I was getting at is, if you had a computer and Internet, then email would be a free, fast alternative to traditional mail. That has obvious benefit. Whereas, these currencies are volatile, slower, often dont allow charge backs, use more energy, and accepted at fewer places. Worse in every way to checking accounts and credit cards. Esp if we have multiple cards or accounts to reduce risk of single institution.
- lojack 8y ago> if you had a computer and Internet Thats a lot of hand waving for something that wasn't trivial at all in the 60s and 70s.
- tuesdayrain 8y agoNo chargebacks is a feature in many situations.
- stickfigure 8y agoWorse in every way to checking accounts and credit cards. Quite a few Venezuelans would beg to differ about that.
- oblio 8y agoSo for cryptocurrencies to be the "better solution" you just need your entire country to have a total meltdown lasting multiple years?
- ahje 8y ago> you just need your entire country to have a total meltdown That happens more often than one might think. There are quite a few countries, that are currenly on the brink of collapse, so it is not unlikely that one or more of them will adopt a cryptocurrency some time in the not to far-off future.
- oblio 8y agoI agree, but it's a super narrow niche for most people. Definitely one much smaller than the current hype for blockchains.
- lojack 8y agoWhile I don't necessarily disagree with you on that, and I do think a lot of the hype comes from speculation, its worth noting that many ubiquitous technologies we take for granted started as a narrow niche.