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> i can imagine using a devalued crypto currency for things that are useful to me. What are examples of these things? Something which has no use other than as
by usrbinbash 5y ago
> i can imagine using a devalued crypto currency for things that are useful to me.
What are examples of these things?
Something which has no use other than as a token of value, once devalued, can no longer be used to exchange value. Sure, one could still transfer 100000000 whatevercoins to whoever after they are devalued, but what's the point if there is no value to them any more?
> People can use Crypto to exchange or store value bypassing dangerous intermediaries and structures of control.
EUR, USD and CNY wont suddenly lose a lot of their value overnight. They are tokens of value as well, with no use other that to exchange value between people. In that regard, they are similar to blorkchain "currencies". The difference lies in exactly these structures of control. They are regulated, and powerful actors (states) have an interest in their stability.
Its a feature, not a bug.