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No they exist because people want to exchange coins on a centralized system, or exchange coins back to government controlled financial system, like a bridge. B
by jacooper 4y ago
No they exist because people want to exchange coins on a centralized system, or exchange coins back to government controlled financial system, like a bridge.
Blockchain is far from the most efficient system, but you can't deny how it offered a zero-trust way to garantie value.
- the_snooze 4y agoIn other words, blockchain is only useful for solving toy problems totally separate from any real systems or needs.
- jacooper 4y agoYes, toy problems if you lives your entire life in country which has trustable banks, stable governments and the ability to transfer and receive money easily.
- slaw 4y agoIf you live in a country with not stable government, banks and currency like Argentina, you use dollars. Blockchain is for toy problems only.
- jacooper 4y agoIf you can get them. Which you can't if you are under sanctions, and nobody likes that the entire financial world is controlled by single entity.
- imtringued 4y agoRAI exists for all use cases that require a currency with low volatility. Anyone who buys Bitcoin, etc is just a speculator expecting others to increase the value of their cryptocurrency.