Crypto projects will solve the slow obsolete methods of investing because with cryptocurrencies many around the world have the opportunity to invest with both small and large money.
Ask HN: What real world problem does cryptocurrency solve?
141–143 of 143 posts
Re: Ask HN: What real world problem does cryptocurrency solve?
#142A decentralized ledger that does not require government input. No government can mint more crypto due to awful monetary policy. Also, no, money laundering is not possible on most chains since all transactions are public.
> Also, no, money laundering is not possible on most chains since all transactions are public. Citation needed — as far as I know there are cryptocurrencies where this is not the stated goal. Also public does not equal no money laundering, because the transactions are at least pseudonymized. Dubious sales on the darknet were literally the real world problem that made cryptocurrencies what they are today.
who and when invented term "money laundering"? Ehat was initial meaning for this term ?
Re: Ask HN: What real world problem does cryptocurrency solve?
#143I live in a third-world country, but I work remotely for some foreign firms. Crypto lets me get payments swiftly, easily. Of course, I also use traditional payment platforms like Payoneer, Skrill, etc, but getting payments in crypto (stable coins only) is far easier, and I can immediately convert to fiat. A brief comparison between getting paid on Payoneer and a crypto exchange. Payoneer - Sends invoice, client pays.…
I agree that use case makes complete sense for you today. But shouldn't we expect that your government will also get around to blocking crypto? E.g. declaring it criminal for you to use, and/or blocking all the fiat on/offramps so you can't buy anything with it?