Re:Crypocurrencies crash
by conanbatt on Wednesday August 15, 2018 @08:11PM
(#17770864)
It is unlikely for btc to stay at any price. I can also bet on volatility!
Laundrying is a good usecase, but only because its not being persecuted today. The day the SEC lands some people in jail, or intervenes tether, even that path will get closed out. BTC is not great for laundrying because of btc, but because of slow gov action. It leaves massive papertrails.
Once that usecase goes down, you need to create enough value to justify the salaries and infrastructure investment of all miners, plus the electricity they use. You need to generate the millions of dollars in value, and today, i dont see applications for it, not even wealth transfers. Maybe some storage, but not worth paying so much for, unless they are illegal.
Laundrying is a good usecase, but only because its not being persecuted today. The day the SEC lands some people in jail, or intervenes tether, even that path will get closed out. BTC is not great for laundrying because of btc, but because of slow gov action. It leaves massive papertrails.
Once that usecase goes down, you need to create enough value to justify the salaries and infrastructure investment of all miners, plus the electricity they use. You need to generate the millions of dollars in value, and today, i dont see applications for it, not even wealth transfers. Maybe some storage, but not worth paying so much for, unless they are illegal.