4 ms·
> There is immediate and obvious utility in being able to send value instantly with no fees, with no dependence on a centralized authority. There is, the probl
by Ologn 5y ago
> There is immediate and obvious utility in being able to send value instantly with no fees, with no dependence on a centralized authority.
There is, the problem is you are not sending value, you are sending the modern equivalent of Charles Ponzi's postal reply coupons.
- mandmandam 5y agoYawn. Yes, there are straight Ponzi schemes in crypto. I seem to remember that 'PonziCoin' actually did quite well. Twice. Like, a quarter million dollars in eight hours well. But there is also utility. Huge utility, recognized by multiple governments by now. And people working relentlessly to free us from depending on the beyond-evil bankers strip-mining every facet of existence on this planet for their own short-term gain.