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I agree with some of the points you make But I agree with Stan Druckenmiller that Bitcoin is a brand now and is an asset. It has finally found its purpose. Al
by returnInfinity 5y ago
I agree with some of the points you make
But I agree with Stan Druckenmiller that Bitcoin is a brand now and is an asset. It has finally found its purpose.
Also crypto for cross border transactions, unless regulations kill them
And DeFi for cross border finance, again regulation can kill this.
- ryan_lane 5y agoSomething being a brand isn't a purpose. Cross-border transactions are an incredibly niche use-case, and my guess would be that it's primarily used for money laundering. AML laws will probably kill this off, since you still need to turn that crypto into fiat to use it. DeFi's purpose is avoid taxes on crypto gains. Otherwise, it's the worst form of banking possible.