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This seems logical but I always think if it was that obvious it would already happen. We don't even know if there is ONE good idea with crypto yet, but there ar
by enos_feedler 4y ago
This seems logical but I always think if it was that obvious it would already happen. We don't even know if there is ONE good idea with crypto yet, but there are whole funds and firms dedicated to chasing the plethora of crypto businesses.
- lawn 4y agoWell, the one good idea is using it as money. Although the adoption didn't really happen, and its difficult to earn money from crypto being used as money, so people are desperately searching for other things to do with it.
- friendzis 4y ago> Well, the one good idea is using it as money The major component of crypto being distributed consensus it has absolutely no way to work with external world, therefore it can only work with blockchain-borne stuff. The only thing dreamed up yet are cryptotokens. Since blockchains have no way to interact with external world it can only be used to exchange cryptotokens between wallets - there is no way to ensure that other side of the transaction involving anything else but cryptotokens is upheld. So it CANNOT be used as money by probably any sane definition of money. Crypto scams are natural consequence of this inherent property.
- junofan 4y agoWhere’s capital formation headed? Dunno how durable institutional trust will be in the current regimes. Some questionable decisionmaking.