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Well, I'm not sure about Bitcoin but in general cryptocurrency has a purpose. I know I'm naive in this regard but only recent events with private companies bann
by pxtail 6y ago
Well, I'm not sure about Bitcoin but in general cryptocurrency has a purpose. I know I'm naive in this regard but only recent events with private companies banning people from communication channels in some way opened my eyes.
If you look closely there is no way to send or receive digital payment without using a private company service, which in turn can terminate it's services for you for arbitrary reasons, other people will just shrug and say it's a private company.
Physical currency right now has unique abilities not mirrored by any digital equivalent and allows one to survive and exchange money p2p even if ones name will be blacklisted by private companies for some reason. Yes, probability of this kind of event could be incredibly low but it's still there and I believe that it can increase with various attempts to build "credit score" systems.