5 ms·
Those are real use cases. However the adoption is severely lacking. The problem is that it has gotten worse not better. There has not been a good use case for
by sireat 7y ago
Those are real use cases.
However the adoption is severely lacking.
The problem is that it has gotten worse not better. There has not been a good use case for a Joe NormalCitizen for crypto in a while.
Anecdata: I first mined BTC in 2011 and used BTC quite a bit in 2013 to buy bunch of online and offline services. It was relatively painless since I had my own BTC. (Also it was really pseudo-anonymous since I was only using mining rewards and didn't reuse addresses).
Since I do not own any significant crypto anymore there is no use case for me anymore.
If I want do something shady, I'd have the problem of onramp KYC etc.
If I want to do something legal, crypto costs including onramp is less convenient/costs more than normal SEPA/CC etc.
- DennisP 7y agoWe can't have real adoption until we have the scaling to support it.
- dorgo 7y ago>If I want do something shady, I'd have the problem of onramp KYC etc. Is it still possible to circumwent KYC by mining? Or is it too expensive? Sounds like an advantage of PoW over PoS
- qes 7y ago> Is it still possible to circumwent KYC by mining? Not really. You can't earn much at all mining any coins without significant and reoccurring capital investment. There are de-centralized exchanges like Bisq that you can use without KYC. Also Monero has true anonymity so while you might need a KYC onramp to get into crypto, once your value is on the Monero chain it's anonymous, transactions cannot be followed, balances can't be seen (without permission).