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It's really hard to gauge how much utility cryptos are providing. After all, people who need cryptos the most are those who can't use "proper" channels to trans
by raincole 3y ago
It's really hard to gauge how much utility cryptos are providing. After all, people who need cryptos the most are those who can't use "proper" channels to transfer money.
- quickthrower2 3y agoPoW is stupid and currencies need to evolve off of this. Within Crypocurrency world there are Bitcoin maximalists who believe it is the only true coin and probably like PoW. However other ones are moving to PoS which is better for the environment. Can’t comment on security but reckon they can make it secure.
- twojacobtwo 3y agoAlso, some portion of those likely shouldn't be allowed to use any channels of money transfer (criminal organizations and their ilk), as they ultimately provide negative utility to the rest of society.