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If there were no benefits to cryptocurrency people would not voluntarily use it. It really is that simple. And yes, I know there are dangers. "Think of the chil
by aww_dang 4y ago
If there were no benefits to cryptocurrency people would not voluntarily use it. It really is that simple. And yes, I know there are dangers. "Think of the children!"
If the regulated financial infrastructure was a better alternative, there would be no need to create decentralized cryptocurrency platforms.
There was a time when the hacker motto was "information wants to be free". Today HN largely cries, "There outta be a law".
SV is a cesspool of would be gatekeepers or current gatekeepers. Didn't like the print and broadcast media? Try the blogosphere. Even better, try social media. We'll keep you safe from dangerous disinformation.
The emerging frontier of cryptocurrency is another opportunity for disruption, reconstitution and capture.
- Dendilion 4y agoDrugs, other illegal things, huge gigantic speculation opportunity. The things primarily responsible for the 'success' of crypto. As soon as the countries start to catch up and create laws,.crypto will look like any other currency. I personally used crypto for drugs. I personally don't have and haven't had any other use case than that and I'm not aware of any other real use case which is solved better with crypto than with what we have. I'm actually more negative affected by crypto due to GPU prices and additional CO2 consumption.
- notpachet 4y ago> "The emerging frontier of cryptocurrency is another opportunity for disruption, reconstitution and capture." This should be FTX's epitaph.
- aww_dang 4y agoYes, it fits well with FTX's connections to the regulatory state. Specifically the SEC chairman Gary Gensler.