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> The lack of adoption is a combo of a 1) network "dead-zone", 2) reversal risk, and 3) regulatory friction. No, no, no. It’s the lack of a killer app, which t
by plaidfuji 7y ago
> The lack of adoption is a combo of a 1) network "dead-zone", 2) reversal risk, and 3) regulatory friction.
No, no, no. It’s the lack of a killer app, which the author bizarrely confuses as the lack of a phone app with a good UI. What does cryptocurrency (or a currency managed by a company) do that the fiat system doesn’t, /from the perspective of a consumer/? In other words, what am I currently using USD for that would be significantly easier or cheaper with crypto? Nothing. The majority of my money goes to taxes, loan payments on large assets, and food. Those are facilitated by... the government, banks, and a bunch of merchants who are not involved in this project. Good luck to Libra!