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> you’d be an idiot to ignore the realistic and adopted use-cases Ignoring the hostility, what would you list as the realistic and adopted use-cases for crypto?
You can proof that a digital file existed at a given time and hasn't been altered since. It is something that I use on a daily basis.
The issue here is actually pretty easy to grok. Crypto is a new market, so there is a historical amount of information asymmetry between consumers and producers. This brings a lot of scammers to the space. A lot of crypto is definitely bullshit, but there are some use-cases that I admire that aren’t just gambling on Shit coins.
What are the adopted and realistic use cases?
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> If it goes up in value again, 2x or 10x its current value, will people who said it was a grift admit it was more than that? I've called it a grift since 2017 so yeah. Being a grift has nothing to do with its price and everything to do with its fundamental structure.
how is BTC not fundamentally sound. You can literally take 1 Billion dollars worth of BTC and cross the border without anyone questioning you. How does that not change how you see things ?
I want to add one…
- there are at least 12 people that could absolutely destroy BTC in a variety of ways. Elon, some developers, some mining coop, whatever whoever, it’s not impossible. For example, what do you think would happen if the original Satoahi coins started to get used? Look how many / how much is there, it would be pandemonium. It’s a weak system that people want to trust, but there are no guns backing it up.
The issue here is actually pretty easy to grok. Crypto is a new market, so there is a historical amount of information asymmetry between consumers and producers. This brings a lot of scammers to the space. A lot of crypto is definitely bullshit, but there are some use-cases that I admire that aren’t just gambling on Shit coins.
It has only one use. To circumvent the global fiat currency system and artificially blow up the value of an arbitrary data point in a get rich quick scheme
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> you’d be an idiot to ignore the realistic and adopted use-cases Ignoring the hostility, what would you list as the realistic and adopted use-cases for crypto?
Do you think SciHub has a reason or right to exist? Financial censorship is real and growing.
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What laws did they break? Legitimately curious.
IANAL. When an entity takes customer deposits it gets hyper regulated, a notch or two below commercial bank. These apps circumvent those regulations by accepting deposits in crypto. Regulators are are also in bit of a spot because it's an entirely new beast. For most of the current use case crypto acts like unregistered security but in in some minor way it's also a currency. So regulators are biding their time becaus…