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> It's effectively just one. To make illegal transactions. Your perspective is limited. Check out my general intro [1] and other articles [2]. TL;DR: at least

> It's effectively just one. To make illegal transactions. Your perspective is limited. Check out my general intro [1] and other articles [2]. TL;DR: at least one legitimate use case is to keep up with inflation. [1] - https://danuker.go.ro/intro-to-cryptocurrencies.html https://danuker.go.ro/intro-to-cryptocurrencies.html [2] - https://danuker.go.ro/tag/cryptocurrencies.html https://danuker.go.ro/tag/cryptocurrencies.html

valuearb 5y ago
Yet BTC is trailing inflation by over 30% the last month alone?
- danuker 5y ago
  Admittedly, there is high volatility due to demand. But as more get-rich-quick people get bored of it, that should stabilize.
  - aww_dang 5y ago
    Speculative mania is also driven by cheap credit, low interest rates and easy money in the form of direct stimulus.
  - crispyambulance 5y ago
    > But as more get-rich-quick people get bored of it, that should stabilize. Why do you think that will happen? The "get-rich-quick, evade-taxes, and evade-scrutiny" thing is front and center of the whole intent of cryptocurrency. How long has it been going now, 10 years? How much longer? It would be nice to have a crypto-currency where real people can use it like real currency. However, to be able to do that would mean eliminating the danger that a mere typo or some unintended consequence of "code-as-law" would wipe someone out and give another an insane windfall-- all in a millisecond. I think the cryptocurrency can work, but it has to have sane and civilized features. These have to be designed-in from the beginning. Otherwise, it's just an endless libertarian circle jerk.
- rawtxapp 5y ago
  If we are going to cherry pick timelines, might as well compare the price right before money printers went crazy vs now.
  - valuearb 5y ago
    Speculations are always about cherry picked timelines. Which is why crypto isn’t an investment nor a hedge.

valuearb 5y ago

Yet BTC is trailing inflation by over 30% the last month alone?

danuker 5y ago
Admittedly, there is high volatility due to demand. But as more get-rich-quick people get bored of it, that should stabilize.
- aww_dang 5y ago
  Speculative mania is also driven by cheap credit, low interest rates and easy money in the form of direct stimulus.
- crispyambulance 5y ago
  > But as more get-rich-quick people get bored of it, that should stabilize. Why do you think that will happen? The "get-rich-quick, evade-taxes, and evade-scrutiny" thing is front and center of the whole intent of cryptocurrency. How long has it been going now, 10 years? How much longer? It would be nice to have a crypto-currency where real people can use it like real currency. However, to be able to do that would mean eliminating the danger that a mere typo or some unintended consequence of "code-as-law" would wipe someone out and give another an insane windfall-- all in a millisecond. I think the cryptocurrency can work, but it has to have sane and civilized features. These have to be designed-in from the beginning. Otherwise, it's just an endless libertarian circle jerk.
rawtxapp 5y ago
If we are going to cherry pick timelines, might as well compare the price right before money printers went crazy vs now.
- valuearb 5y ago
  Speculations are always about cherry picked timelines. Which is why crypto isn’t an investment nor a hedge.