4 ms·

Saying something is a scam is a claim in itself.

• pnt12 5y ago
  First it was a payment method, now the fees are too high. Then it was a store of value, but it is too volatile for people who want a safe storage. It's also not private, as appare tly payments can be traced back to their user. So, what's left? I know you can still make money with it if you joined earlier and you're lucky. Same with a MLM, but at least those don't waste so much energy nor ruin the GPU markets.
  • aeternum 5y ago
    How about: - Instant loans without paperwork or credit agencies, algorithmically collateralized - Micropayments to websites you visit rather than ads - Electronic payments that can remain private if participants are smart. Much better privacy protections than electronic payment options like Visa/Paypal. - Truly democratic governance protocols in which important decisions can be voted on in real-time by participants with skin in the game. - The ability for a code itself, not associated with a human, to earn and hold money. - Algorithmically enforced contracts that are more resilient to bribes and other forms of subversion compared to traditional court systems.
    • gverrilla 5y ago
      how are governance protocols democratic instead of plutocratic, in your opinion?