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But Crypto is too complicated for 99% of the population to use directly. Given that exactly what is it useful for then? The Stock Market is too complicated for
by slyall 4y ago
But Crypto is too complicated for 99% of the population to use directly. Given that exactly what is it useful for then?
The Stock Market is too complicated for most people but it is pretty safe for the average citizen to participate in ( and you have many levels of "participation" according to you expertise, budget and inclination).
- adastra22 4y agoCrypto is digital cash in the most literal sense. If you lose your wallet, the cash in it is gone. If you're mugged, the cash you give your attacker is gone. People secure little paper bills in their wallet/purse much better than they do their credit card info. If you set people's expectations correctly, that gets you 90% of the way there. The other 10% is the fact that securing digital data is not as easy to do as physical money. However this is where hardware wallets come in, and the user experience for hardware wallets has improved considerably over the last half decade. They just need to be more widely deployed.
- smoldesu 4y agoIf 90% of your argument is that we need to move the goalposts, and the other 10% says we need to rework the UX to accompany it, maybe aiming to be digital cash isn't in crypto's best interest? That's disregarding it's volatility, missing accountability and lack of meaningful regulation.
- adastra22 4y agoMoving goalposts? Crypto is and always has been about self custody, from the very beginning.