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>Can someone actually explain what the intrinsic use of coins is supposed to be It's supposed to be a digital equivalent to physical cash. Specifically the abi
by shuntress 4y ago
>Can someone actually explain what the intrinsic use of coins is supposed to be
It's supposed to be a digital equivalent to physical cash. Specifically the ability to be transferred directly from one individual to another without either having any special permissions, access, or power. The ultimate goal is for all transactions to be completely stateless. Meaning, you should be able to "drop" a bitcoin into a digital "bucket" without needing any kind of pre-existing authorization/account/identification/association/etc with the holder of the bucket (or any third-party acting on their behalf).
You are correct in your assessment that in their current (and foreseeable future) states, cryptocurrencies are completely useless as actual currency.