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> Crypto has exactly one non-scam use-case: a way to transfer value And even then, its usefulness in this regard is limited when its valuation is highly volati
by simondotau 4y ago
> Crypto has exactly one non-scam use-case: a way to transfer value
And even then, its usefulness in this regard is limited when its valuation is highly volatile. Probably not an issue when the full transaction life cycle can be fully completed (buyer acquires crypto, buyer and seller trade crypto, seller offloads the crypto) in a matter of hours. But this narrows the use case even further.
- Nextgrid 4y agoIt's currently volatile because there's lots of hype about it. But when it all dies down the value would more or less stablize to the value it provides for its only true use-case.
- simondotau 4y agoOptimistic. Potentially true if the scale on a single blockchain is sufficient—which is multiple orders of magnitude more than it sees today—and thus opens its own set of fairly obvious problems.