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Other than speculation the main use case of crypto is hiding money. Sure many people do it poorly, but it is possible and in fact the main use case.
by HDThoreaun 4y ago
Other than speculation the main use case of crypto is hiding money. Sure many people do it poorly, but it is possible and in fact the main use case.
- Cardinal7167 4y agoYou could say this exact same thing about cash and be just as correct.
- CPLX 4y agoNo. The main use of cash is as a means for conducting transactions for goods and services.
- deleted 4y ago[deleted]
- eric_cc 4y agoAnd what’s the main use of cash from the perspective of the US government? And what makes cash have value? And what has been the history of money thus far that has led to this junction?
- HDThoreaun 4y agoTransacting for goods and services. Cash has value because you get arrested if you don’t have enough to pay taxes.
- eric_cc 4y agoI totally agree. Cash has value because it’s backed by violence.
- mrguyorama 4y agoOh no the state has a monopoly on violence what a bad thing. I much prefer the natural way where your right to property ends at the tip of my spear.
- CPLX 4y agoEverything privately held that has value is backed by the threat of violence.
- Eisenstein 4y agoExcept transferring cash requires physically moving it, and it is heavy and bulky in large amounts.