4 ms·
What're you talking about?? Before payment options like Zelle were available, I regularly had trouble settling small debts with my friends. Then Ethereum came
by VRay 6y ago
What're you talking about?? Before payment options like Zelle were available, I regularly had trouble settling small debts with my friends. Then Ethereum came along and made it easy, cheap, and cool
Nowadays it's a lot easier to just use a bank-sponsored method, and cryptocurrency transactions have gotten pretty expensive, but there definitely was a use case that made me like cryptocurrency.
- cosimodemedici 6y agoVenmo predates Ethereum by 6 years.
- rglullis 6y agoVenmo does not work without a bank account or Government Id. Venmo does not make cross-border payments. Venmo does not allow me to take a loan or to borrow money to anyone that has any kind of collateral. Venmo can seize my funds. Venmo (or Paypal, Stripe or any payment system) won't accept to work with me if I sell things that are perfectly legal but deemed risky. Venmo (or Paypal, Stripe or any payment system) won't accept to work with me if I sell things that are perfectly legal but deemed immoral. --- Okay, I get that the standard crypto "enthusiast" keeps talking about it like it is going to replace everything and that therefore they will get in to become quadrillionaries. That's a naive view. Crypto is important even if doesn't replace all of the existing institutions. It is important because it increases optionality. If a centralized system works for you, great. But for some people it doesn't, and these people still need a way to invest, save, make commerce, etc, etc, etc...