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A comment on A16Z is re-registering as a financial advisor, renouncing its status as a VC. Parent comment

Re:A16Z is re-registering as a financial advisor, renouncing... by Waterluvian on Wednesday April 03, 2019 @12:13AM (#19560664)
This is where I've landed too.

1. Making money by trading fun bucks.

2. Anything where you need a currency but all the way better options aren't viable (crime).

[ Parent | on HN ]
Re:A16Z is re-registering as a financial advisor, renouncing... by tyre on Wednesday April 03, 2019 @12:56AM (#19560869)
For (2) one of the real values is being able to carry (practically) unlimited cash with you. Right now, USD in cash is capped at $100 notes to make it inconvenient to move large quantities.

With crypto, you fly anywhere in the world with a private key in your luggage. That key could have $100 or $1,000,000,000.

Thinking of international drug smuggling, one serious problem is moving all of the cash out of the country. Crypto solves that easily.

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