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> Software is simply the encoding of human thought, and as such has an almost unbounded design space. It's always this kind of vague, fluffy language that tell

> Software is simply the encoding of human thought, and as such has an almost unbounded design space. It's always this kind of vague, fluffy language that tells you all you need to know about all cryptocurrencies. All these companies are trying to fluff up demand for something that is only valuable if (new) people invest. Please Hacker News: please show me the concrete value of cryptocurrencies, I don't see them. I only get hypothetical answers, often including paranoid delusions about governments and strange conceptions of freedom. Cryptocurrencies seem to be an answer to a problem nobody has. https://louwrentius.com/cryptocurrencies-are-detrimental-to-society.html https://louwrentius.com/cryptocurrencies-are-detrimental-to-...

michaelt 7y ago
Mail order drugs will eliminate almost all the violence from the trade in illegal drugs, while promoting computer literacy among vulnerable teens And bitcoin will allow micropayments of a fraction of a cent, which will save journalism and music, eliminating ads, tracking and stifling bundle deals. Just as soon as someone sorts out this $0.30/transaction fee. /s
andrewflnr 7y ago
Not a cryptocurrency person, but I think they have value as a viable backup plan to traditional payment systems, and therefore as a check on their laziness or abuse. Competition is almost always a win for everyone. Also I like the idea of namecoin, but haven't dug into it.
z3rgl1ng 7y ago
There is none and will never be. Cryptocurrencies are Rube Goldberg machines; interesting to observe but functionally useless. Anyone who says otherwise is ideologically blind.
seibelj 7y ago
You can’t print 4.5 trillion of Bitcoin like the Fed can for USD in a single month? But some would argue that’s fiat’s advantage...
Engineer2Throw 7y ago
Non centralized currency Timestamps Voting
- louwrentius 7y ago
  what problem does this solve?

michaelt 7y ago

Mail order drugs will eliminate almost all the violence from the trade in illegal drugs, while promoting computer literacy among vulnerable teens And bitcoin will allow micropayments of a fraction of a cent, which will save journalism and music, eliminating ads, tracking and stifling bundle deals. Just as soon as someone sorts out this $0.30/transaction fee. /s

andrewflnr 7y ago

Not a cryptocurrency person, but I think they have value as a viable backup plan to traditional payment systems, and therefore as a check on their laziness or abuse. Competition is almost always a win for everyone. Also I like the idea of namecoin, but haven't dug into it.

z3rgl1ng 7y ago

There is none and will never be. Cryptocurrencies are Rube Goldberg machines; interesting to observe but functionally useless. Anyone who says otherwise is ideologically blind.

seibelj 7y ago

You can’t print 4.5 trillion of Bitcoin like the Fed can for USD in a single month? But some would argue that’s fiat’s advantage...

Engineer2Throw 7y ago

Non centralized currency Timestamps Voting

louwrentius 7y ago
what problem does this solve?