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I'll agree with anyone saying that this NFT craze is idiotic, and that most cryptocurrencies don't have any utility, but to say that crypto isn't fast, cheap or

I'll agree with anyone saying that this NFT craze is idiotic, and that most cryptocurrencies don't have any utility, but to say that crypto isn't fast, cheap or secure is like saying 90's internet couldn't have webpages with pictures because gopher couldn't have pictures. I send money to my sister from my algorand wallet to hers in one second (literally), any amount for something like $0.0001. I'm not well versed enough in security to make any claim about safety, but if I have to trust someone regarding the security of some software, it might as well be this company's founder. Right now it's by far the best method to send money accross the globe. edit: forgot to add that it's also very energy efficient

hnthrow1010 4y ago
>Right now it's by far the best method to send money accross the globe. No it is not. In banking and in payments, security typically means that there are guarantees your money will not suddenly disappear or get stolen by hacks and fraud, which cryptocurrencies have zero guarantees against. In fact, it is extremely likely that at some point your money will disappear, because the value of these coins is extremely manipulated. And that is not even getting into the huge number of defi hacks, rug pulls and bankruptcies that have happened recently.
- Spivak 4y ago
  I mean sure but for the specific problem of sending money between two a people who have already established an out of band trust relationship but who reside in different parts of the globe the blockchain is a fine solution that’s secure, fast, and cheap (and the alternatives aren’t)