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One of the reasons I don't think crypto can succeed is because people will only use it if it's convenient, which very likely means corporate involvement, which
by olivia-banks 1y ago
One of the reasons I don't think crypto can succeed is because people will only use it if it's convenient, which very likely means corporate involvement, which of course ultimately defeats the whole argument of being decentralized.
- cturner 1y agoWithout convenience it will not be successful as a common currency. It does not need convenience to succeed in other ways. For example, as a store of value.
- olivia-banks 1y agoSorry, I should have been more specific. "Succeed as a common currency" is more-so what I meant, I think the store of value argument stands.
- Pxtl 1y agoLiterally any scarce and durable good can be a store of value. A pound of Osmium is about a million bucks. So building massive server farms to store something equivalent to an inert rock is kind of uninteresting.
- DennisP 1y agoCorporate involvement isn't that bad as long as the user can exit to fully decentralized operation in case of abuse.
- olivia-banks 1y agoThis is true!