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What actually useful things are coming out of the cryptocurrency space? All I see is illegal security offerings, ransomware, child pornography, assassination ma

What actually useful things are coming out of the cryptocurrency space? All I see is illegal security offerings, ransomware, child pornography, assassination markets, illegal drug trade and ponzi schemes.

capnorange 6y ago
You are looking at a part of crypto, it's not crypto if it doesn't enable illegal activities. Whether this double-edged sword is net positive is the real question!
- hirako2000 6y ago
  It's an inevitable side effect. The day before the knife was discovered to slice animal flesh, someone had already killed their enemies with it.
hirako2000 6y ago
I buy a few totally legal things from sellers on the other side of the world who can't (be bothered to) get to transact with visa/mastercard. A lot of people can't get into a traditional bank, a lot of people are fed up with how complicated it had become to simply receive money in a timely manner, and reliably. That's whats coming out of the crypto space: a borderless payment system. It's often criminals, porn businesses, then gamer, then teens, and then the rest who adopt new good tech. It's okay,it takes some time, those who don't see the value in crypto will eventually pass away.
alfiedotwtf 6y ago
How much do you actually know about cryptocurrencies without parroting Fox News? ... because by your account, we should probably ban cash too
tromp 6y ago
Some cryptocurrencies can only send funds to a receiver by interacting with the receiver wallet. Those at least are somewhat ransom-resistant.
cryptica 6y ago
The real projects are being built in the background. You cannot find them right now but they will rise to the surface eventually and they will help to drive Bitcoin's value as a reserve cryptocurrency.
sebmellen 6y ago
DIDs are probably the most relevant. See https://www.w3.org/TR/did-core/ https://www.w3.org/TR/did-core/.
fidelramos 6y ago
Look at people being fed in Venezuela and South Sudan: https://eatbch.org/ https://eatbch.org/ Also in Venezuela there are people surviving thanks to cryptocurrencies protecting them from hyperinflation and capital controls.

capnorange 6y ago

You are looking at a part of crypto, it's not crypto if it doesn't enable illegal activities. Whether this double-edged sword is net positive is the real question!

hirako2000 6y ago
It's an inevitable side effect. The day before the knife was discovered to slice animal flesh, someone had already killed their enemies with it.

hirako2000 6y ago

I buy a few totally legal things from sellers on the other side of the world who can't (be bothered to) get to transact with visa/mastercard. A lot of people can't get into a traditional bank, a lot of people are fed up with how complicated it had become to simply receive money in a timely manner, and reliably. That's whats coming out of the crypto space: a borderless payment system. It's often criminals, porn businesses, then gamer, then teens, and then the rest who adopt new good tech. It's okay,it takes some time, those who don't see the value in crypto will eventually pass away.

alfiedotwtf 6y ago

How much do you actually know about cryptocurrencies without parroting Fox News? ... because by your account, we should probably ban cash too

tromp 6y ago

Some cryptocurrencies can only send funds to a receiver by interacting with the receiver wallet. Those at least are somewhat ransom-resistant.

cryptica 6y ago

The real projects are being built in the background. You cannot find them right now but they will rise to the surface eventually and they will help to drive Bitcoin's value as a reserve cryptocurrency.

sebmellen 6y ago

DIDs are probably the most relevant. See https://www.w3.org/TR/did-core/ https://www.w3.org/TR/did-core/.

fidelramos 6y ago

Look at people being fed in Venezuela and South Sudan: https://eatbch.org/ https://eatbch.org/ Also in Venezuela there are people surviving thanks to cryptocurrencies protecting them from hyperinflation and capital controls.