4 ms·

There is absolutely zero legal usecase for cryptocurrencies. None. "oh but it might be useful for doing-" you are wrong. Full stop. "but what about censorship"

by alexb_ 4y ago

There is absolutely zero legal usecase for cryptocurrencies. None. "oh but it might be useful for doing-" you are wrong. Full stop. "but what about censorship" Circumventing government censorship is, by definition, illegal. "but what about trustless" We do not live in a world where there is nobody that can be trusted. And if we did, why the hell would you want a currency where nothing can ever be reversed? "but what about NFTs/smart contracts/DAO" All of these are useless and have resulted in nothing but blatant scams and illegal activity (because that's all cryptocurrency is useful for) Cryptocurrencies have many great uses. You can gamble with them, you can buy drugs with them, you can pay ransom on software that just locked down your entire business for a day, as well as many other illegal activities. EVERY SINGLE OTHER USE, WITHOUT EXCEPTION, is something that centralized systems already do well. And if someone is trying to convince you otherwise, they are either trying to pass the bag to you or make you a part of their scam.

throwaway0x7E6 4y ago
paving the road to hell with your good intentions. half your arguments could be applied to the other crypto.
- WFHRenaissance 4y ago
  Mmmmmmmmmmmm This is a good polemic line I’m stealing
dns_snek 4y ago
> There is absolutely zero legal usecase for cryptocurrencies. None. "oh but it might be useful for doing-" you are wrong. Full stop. What's with the dismissive, ignorant and hostile attitude? There are plenty of legal businesses that will accept cryptocurrencies - Mullvad VPN for example. > Cryptocurrencies have many great uses. You can gamble with them, you can buy drugs with them [...] Why are you surprised? Replace "cryptocurrencies" with "cash" and the same use cases apply, it's a currency after all, facilitating transactions is the core purpose of cryptocurrencies. > EVERY SINGLE OTHER USE, WITHOUT EXCEPTION, is something that centralized systems already do well. Yes, centralized systems handle most of our transactions just fine, most of the time. Do you expect people to have to argue in favor of choice while setting an impossibly high bar for any kind of competition? Do you believe in freedom of speech?

by alexb_ 4y ago

throwaway0x7E6 4y ago

paving the road to hell with your good intentions. half your arguments could be applied to the other crypto.

WFHRenaissance 4y ago
Mmmmmmmmmmmm This is a good polemic line I’m stealing

dns_snek 4y ago

> There is absolutely zero legal usecase for cryptocurrencies. None. "oh but it might be useful for doing-" you are wrong. Full stop. What's with the dismissive, ignorant and hostile attitude? There are plenty of legal businesses that will accept cryptocurrencies - Mullvad VPN for example. > Cryptocurrencies have many great uses. You can gamble with them, you can buy drugs with them [...] Why are you surprised? Replace "cryptocurrencies" with "cash" and the same use cases apply, it's a currency after all, facilitating transactions is the core purpose of cryptocurrencies. > EVERY SINGLE OTHER USE, WITHOUT EXCEPTION, is something that centralized systems already do well. Yes, centralized systems handle most of our transactions just fine, most of the time. Do you expect people to have to argue in favor of choice while setting an impossibly high bar for any kind of competition? Do you believe in freedom of speech?