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That's fine, you don't have to use it. A lot of people do prefer to use it for payments and receive payments in it though. They don't want a middle-man bank and
by deif 6y ago
That's fine, you don't have to use it. A lot of people do prefer to use it for payments and receive payments in it though. They don't want a middle-man bank and would rather their transactions were trustlessly sent and received.
At it's core cryptocurrency is a way to bypass banks if one was so inclined. Specifically currencies like Monero allow a person to send and receive payments completely anonymously, hence its increased usage on darknet markets.
- louwrentius 6y agoThat's a nice argument against cryptocurrencies. They enable darkweb sites like Silk Road and it's successors.
- xur17 6y agoSo does physical cash. Perhaps we should outlaw it.
- RinTohsaka 6y agoYeah, but so does cash in the physical world. We shouldn't abolish cash tho. Just because something can be used for "bad" doesn't mean it shouldn't exist. The internet also could be considered an enabler for sites like Silk Road, but its not gona get shut down for that reason. So... the follow up question is, "Are there any good use cases?" Yes, the biggest that comes to mind is it allows people who may be doing nothing wrong a payment system that cant be stoped. For example, someone of X religion could still make purchases in a society where religious freedom isn't allowed by its governing body. May not be a concern for you today, but having the option for it is 100% I will support.
- louwrentius 6y ago> Yeah, but so does cash in the physical world. We shouldn't abolish cash tho. Cash I understand, it has benefits. Crypto doesn't, it only seems to have drawbacks and facilitate crime.