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> The killer app is decentralized, permissionless, open source, and censorship resistant network. That’s like saying the killer app of the internet is the inte
by lawtalkinghuman 6y ago
> The killer app is decentralized, permissionless, open source, and censorship resistant network.
That’s like saying the killer app of the internet is the internet.
The web gives me access to information quicker and easier than going to a library or bookshop. Email and IM means I can communicate with people in other countries quicker and easier than I could by post. Crypto doesn’t change anything.
A few drug dealers and some people living in countries with hyperinflation may care about “permissionlessness” and “censorship* resistance”, but for most people, actual money is far, far more convenient.
* That’s some Orwellian newspeak, btw. If someone defrauds me and a court of law ensures that I am restituted, the reversal of that fraudulent transaction isn’t “censorship” because stealing money isn’t “speech” or “expression”.
- justicezyx 6y agoDigital gold is the kill app. That is enough to justify its market cap. For example, Chinese can use bit coin to exchange large amount of funds to other currency, although this can only be done in private because the official ban.
- liuliu 6y agoYou cannot. There is no exchange from CNY to Bitcoin.
- justicezyx 6y agoCome on, it was banned, but there is plenty of underground channel... Why is that even needed to be mentioned... Maybe I should be more clear in the OP.
- rognjen 6y agoThere are underground channels for USD - CNY as well haha
- tim333 6y agoCNY buys mining rigs and electricity which makes bitcoins.