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It's worth noting that this was one of the original use cases of cryptocurrency, especially alt-coins like Doge. In reality it didn't shake out that way becaus
by mdorazio 8y ago
It's worth noting that this was one of the original use cases of cryptocurrency, especially alt-coins like Doge. In reality it didn't shake out that way because most people ended up "investing" in crypto rather than using it as an actual currency, and because transaction costs got stupid in a hurry.
- TicklishTiger 8y agoit didn't shake out that way because most people ended up "investing" No. It didn't shake out because current crypto currencies all are totally overambitious, overengineered solutions so none of them managed to create a bearable user experience. - They want you to put a fu..... app on your phone. People hate that. - Then they want you to send fiat to some company involved in crypto. So your bank might mark you as a criminal. - Then they want you to guess some transaction fee that will get your payments through. - Then they make you wait an undefined amount of time before the transaction counts. The reason for this mess is that all the crypto currencies used Bitcoin as their blueprint for their design. And only made minor adjustments to how it works. Bitcoin has a lot of interesting properties. But they are not needed for every day transactions. Yet, it pays an insanely high price (in terms of complexity, usability and performance) to achieve those.
- jimmaswell 8y agoWhat do you mean people hate using apps? And everything else is taken care of by the app/intermediaries/possibly smart contracts.
- rjbwork 8y agoEarly on there was a doge marketplace. I participated...right before it was overrun by people selling hacked porn sites...