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> What purpose is it filling for society in its current state? It’s the greatest convenience-security ratio store of value. Precious physical things are not c
by codersfocus 3y ago
> What purpose is it filling for society in its current state?
It’s the greatest convenience-security ratio store of value.
Precious physical things are not convenient.
Fiat currency is not safe. (Don’t bring up consumer use cases. Bitcoin is a store of value, not a currency.)
- MuffinFlavored 3y ago> It’s the greatest convenience-security ratio store of value. How? As an average (not doing anonymous things at crypto ATMs around the country, which might have cameras) US customer who wants to use it, you need to give Coinbase (exchange) a ton of banking + social security info, etc. (typical know-your-customer KYC validation flow, I think you even send then your driver's license)? And you are supposed to file whatever you do crypto wise on your taxes