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«There is still no actual and relevant use case for crypto» What a short-sighted view. Perhaps no use case for you personally. There are 7.7 billion people in
by mrb 7y ago
«There is still no actual and relevant use case for crypto»
What a short-sighted view. Perhaps no use case for you personally. There are 7.7 billion people in this world who have vastly different life circumstances, some of them certainly need crypto to make their lives better. In no particular order: hyperflation, financial censorship, instant low-fee international transfers, etc
- algerd 7y ago>> Hyperinflation Human competence the main cause. >> Instant low-fee international transfers We have it already >>financial censorship Depends firstly on political system. If you have undemocratic government crypto won't help you anyway, because it will be banned or controlled. Practice is the criterion of truth. Can provide cases, when crypto solves problem better than existing instruments?
- solveit 7y agoI have to say crypto seems much easier to solve than bad politics. If you'll grant this, your argument hinges on crypto being useless under an oppressive government, because it will be controlled. I find this implausible given that no government in history has ever really succeeded in fully controlling black markets. Indeed, the trend is that the more dysfunctional the government, the more power the black markets have.