11–20 of 272 posts
1. Transferring funds
I can transfer crypto faster and a lot cheaper than any money transfer. Hell I can receive and withdraw same day.
2. Earning interest
By parking my money in a stable coin and dropping it into an AMM like uniswap I can earn 10x-50x more interest than just parking it in my bank account. No volatility. Only risk is hacker risk.
I mean it has good use cases they're not just the ones that scheme promoters want to be true. I know TFA pokes some holes in the censorship resistance attribute of bitcoin but i think everyone can agree it does provide value transfer solution that is much harder to block than Visa/Stripe/etc. 1). Silk Road or dark net markets in general. Can't be done with Visa or other existing solutions at any kind of scale 2). Fun…
If you think it has no use case, don't use it.
If you think it does have a use case and you need that, use it.
Of course, if you believe that governments are good stewards of money, you will probably not find a use case.
I mean it has good use cases they're not just the ones that scheme promoters want to be true. I know TFA pokes some holes in the censorship resistance attribute of bitcoin but i think everyone can agree it does provide value transfer solution that is much harder to block than Visa/Stripe/etc. 1). Silk Road or dark net markets in general. Can't be done with Visa or other existing solutions at any kind of scale 2). Fun…
I'm imagining you want to run a server in which you want to prove a given open-source version of the code is processing the inputs, and the outputs are available for anyone to observe, verify, & store.
I imagine there's some ways to do this already, though.
Proof of Stake just seems like a protocol that isn't too wasteful and inefficient and could make for a decent standard.
I mean I see two clear use cases. 1. Transferring funds I can transfer crypto faster and a lot cheaper than any money transfer. Hell I can receive and withdraw same day. 2. Earning interest By parking my money in a stable coin and dropping it into an AMM like uniswap I can earn 10x-50x more interest than just parking it in my bank account. No volatility. Only risk is hacker risk.
I agree with many of the crypto critics that the answer after this tedious search is that there exists no legitimate usecase in this industry and there never will be.
I mean I see two clear use cases. 1. Transferring funds I can transfer crypto faster and a lot cheaper than any money transfer. Hell I can receive and withdraw same day. 2. Earning interest By parking my money in a stable coin and dropping it into an AMM like uniswap I can earn 10x-50x more interest than just parking it in my bank account. No volatility. Only risk is hacker risk.