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That has absolutely nothing to do with what I'm saying. What I am saying is that cryptocurrencies are so horrible in every way except anonymity that the ONLY re
by alexb_ 4y ago
That has absolutely nothing to do with what I'm saying. What I am saying is that cryptocurrencies are so horrible in every way except anonymity that the ONLY reason you would use it is for illegal activities, speculation, or paranoia.
- jack_pp 4y agos/cryptocurrencies/encrypted communcation
- runarberg 4y agoIt isn’t even that good at anonymity for the most frequent use case compared to alternatives. By far the most transactions that may benefit anonymity are local and involve relatively low values. Cash is a perfect fit for that and gives you even more (and a lot easier) anonymity then cryptocoins. Cryptocoins only prove them selfs superior if the transaction is located to far away to conveniently travel, or involves such large sums that gathering or carrying as cash becomes inconvenient (or impossible). I would think that over 99.99% of people never engage in such transactions where they additionally require—or even prefer—anonymity.
- nyolfen 4y agoi personally use it as a passive, diversified savings instrument, but i don't mess with altcoins or trading. most crypto is actually exceptionally bad for anonymity, worse than cash, and the proportion of criminal activity it facilitates is 1-2 orders of magnitude lower than the conventional economy: https://www.forbes.com/sites/haileylennon/2021/01/19/the-false-narrative-of-bitcoins-role-in-illicit-activity/?sh=3572219b3432 https://www.forbes.com/sites/haileylennon/2021/01/19/the-fal... it is in fact so bad for anonymity that i suspect you have not read much about it! i don't disagree that it features a lot of hype bubbles and ridiculous speculation, but that's hardly specific to cryptocurrency. how's your local housing market been looking lately?