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> 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 d
by 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 agoThat'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.