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What do you consider the potential of cryptocurrency to be? Specifically, which of those potentials excites you?
by nefitty 5y ago
What do you consider the potential of cryptocurrency to be? Specifically, which of those potentials excites you?
- john2x 5y agoTwo words: “cha ching!”
- pcthrowaway 5y agoJust a few: - Decentralized payment infrastructure that can't be taken down. - Currency that isn't issued by a government - Open financial applications - Pseudonymous payments (depending on the crypto) - Infrastructure for fully transparent payments and analysis of value flows (governments and institutions should be using these) - applications whose source can be verified. Even if a web application you use promises they handle your data securely and publish source code, there's no guarantee what they're running is actually what they've published. Decentralized applications can be interacted with and viewed by anyone (even if compiled to bytecode, you can verify the contracts they've published are accurate) - Decentralized governance (the potential of this is massive, even moreso when coupled with decentralized identity) - Access to financial instruments typically only accessible to institutions. - A global, border-agnostic payment network
- toomim 5y agoMicropayments