2 ms·
> Bitcoin original goal is to create a digital currency that people can use. We're not even close to achieve that goal. I disagree. Cryptocurrency is de facto
by kerkeslager 7y ago
> Bitcoin original goal is to create a digital currency that people can use. We're not even close to achieve that goal.
I disagree. Cryptocurrency is de facto being used as a currency quite successfully by lots of people. Sure, there are technical hurdles that prevent people who don't really have any need for a decentralized currency from using it. But none of those hurdles are so challenging that people can't use it if they really need it. Plenty of people have used cryptocurrency to move money across borders, make purchases that are illegal under oppressive regimes, etc., and not all of those were technical users. There aren't technical hurdles so high that someone who wants to buy drugs online can't do it with enough effort, for example.
Hacker News types will point to the failure of cryptocurrency to emerge as a competitor to traditional currencies within the regulated market, but that's precisely what you'd expect: cryptocurrencies hamper regulation, so of course there will be resistance from the regulated market. But don't mistake that for failure: cryptocurrencies have created whole markets and flows of value effectively didn't exist before.
To be clear, here's what I'm NOT saying:
1. I'm not saying there isn't room for improvement in the user experience. There is.
2. I'm also not saying that the effects of cryptocurrency are necessarily positive. That remains to be seen.