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People typically pay when they desire something they can't obtain without your involvement, right? The core issue with these companies may be that they're disc
by Frannky 1y ago
People typically pay when they desire something they can't obtain without your involvement, right?
The core issue with these companies may be that they're disconnected from users' actual needs, driven only by investors' and speculators' forecasts of what might eventually monetize.
But if they had built something people pay for, they wouldn't need to follow hype cycles, right? So maybe the problem—more than short cycles—could be companies not building something people actually need.
- SideburnsOfDoom 1y ago> But if they had built something people pay for, If they had something legal that people would pay for in itself, why would they need cryptocurrency?
- Frannky 1y agoI think there are situations where crypto is better for legal purposes—for example, sending money via SWIFT can cost like $50, whereas using an efficient stablecoin is easier and cheaper. Another benefit is allowing agents to buy stuff in an easier and more affordable way. In general, another advantage is preventing bad governments from choking bank accounts for not legal political motivated attacks.