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I used to scoff at this type of response, but I agree with you. Cryptocurrency was created (seemingly) as a way to purchase things across borders free from regu

I used to scoff at this type of response, but I agree with you. Cryptocurrency was created (seemingly) as a way to purchase things across borders free from regulation in a quasi-anonymous way. It soon devolved into an extremely volatile investment vehicle for the short sighted, and a way to push ponzi schemes by tech sociopaths. The only exception I'm aware of is Monero. In theory, there has to be some regulation in place that would de-anonymize you when making the Monero -> Physical Cash transfer, but I guess Monero is designed so that transactions within the blockchain can't be tracked (specifically transaction amounts and sending/receiving addresses).

kube-system 4y ago
> Cryptocurrency was created (seemingly) as a way to purchase things across borders free from regulation in a quasi-anonymous way. It soon devolved into an extremely volatile investment vehicle for the short sighted, and a way to push ponzi schemes by tech sociopaths. That was at least the stated reason. But now that time has passed I find myself wondering if the person who was smart enough to invent cryptocurrency and smart enough to hide their identity, might also have been smart enough to foresee ways they could benefit from it personally. I guess I am not convinced that the stated rationale is the whole story.
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