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The strongest use case right now in the blockchain space is Bitcoin as a sovereign money. It's an asset with substantial liquidity that has incredible protectio
by Taek 7y ago
The strongest use case right now in the blockchain space is Bitcoin as a sovereign money. It's an asset with substantial liquidity that has incredible protections against asset seizure and strong independence against capital controls.
It's the type of thing that you go 30 years without needing it, but then when you do need it you really badly need it. Bitcoin does this well today and there are plenty of people who proactively plan for financial contingencies by holding some percentage of their portfolio in self-custodied Bitcoin.
We also have several examples (Greece a few years ago, Venezuela recently) of this playing out in favor of the prepared in the real world. When your country's financial system melts down, your Bitcoin holdings can give you liquidity and options despite everything else around you being completely disfunctional.
- my_usernam3 7y agoTHIS! I'm surprised that it took me so far down this list to find it. The first use case has so far been the only use case in practice that I'm aware of. Its also a HUGE use case, money makes the freaking world go round! Good or bad, it's exciting to see what the future holds for these currencies. I have my own theories on whats going to happen, but no one actually knows. Obviously some peoples theories will prove correct and they will come out with "yeah I was positive this was going to happen". Not looking forward to that part.
- idynkydnk 7y agoThis is the only right answer in this whole thread. There's no other good use for a blockchain that I have found after studying it for years.
- louwrentius 7y agoThe coins went down hard in march along with the financial markets...
- Taek 7y agoDoesn't matter. If capital controls get put in place and bitcoin also loses 80% of its value, you still have 100x the liquidity that you would have without it.
- louwrentius 7y agoAlways the 'if's...