4 ms·

You can send and receive dollar-denominated tokens through a p2p network using open source command-line tools without a bank account.

• holoduke 8y ago
  What if you made a mistake. Can someone help you? Is there an authority making sure noone is abusing the system? I don't believe there is real demand for your usecase. A couple of believers and anarchists are the only ones believing currently. Currently because the future might be different.
  • mbrock 8y ago
    I like a lot of things that are hard to use and only used by a handful of weirdos.
• JumpCrisscross 8y ago
  > You can send and receive dollar-denominated tokens through a p2p network using open source command-line tools without a bank account So a TAM of money launderers and people without money. Do you see why these "use cases" are laughable? You didn't replace the bank. You just created a worse version of it that works for a small segment of the population. A segment which happens to be highly uneconomical to service.
  • 0x8BADF00D 8y ago
    > So a TAM of money launderers and people without money. Do you see why these "use cases" are laughable? There are still many unbanked people in the world. I don’t think it’s a laughable use case to want to bring those that are too poor to participate in the banking system into the modern era. See Humaniq for an example of this.
    • JumpCrisscross 8y ago
      > I don’t think it’s a laughable use case to want to bring those that are too poor to participate in the banking system into the modern era I don't either. But something like M-PESA, which works (a) without a bank, (b) on cheap hardware and (c) without requiring great technical knowledge to avoid your coins getting stolen is a better fit for that problem.
    • nosuchthing 8y ago
      That's a myth often repeated in an attempt to "sell" the network as a usecase - but where is this happening in the real world? The regions with widespread poverty aren't going to be enthusiastic about the fees, and wild instability that comes with crypto database tokens, Ethereum and so on. The real use case is obviously money laundering, but everyone wants to try to spin the marketing into unrealistic areas.
  • smokeyj 8y ago
    But in principle what's your objection? Do you wake up and criticize Western Union because you don't use it? I just don't understand why people who don't want to use ETH are so emotionally invested in being mad. Y u mad tho.
  • mbrock 8y ago
    Alright, consider it useless then. I kind of like it.