Re:“We already store data. In a database. It works well”
by acdha on Tuesday February 11, 2020 @06:46AM
(#22297736)
It’s still unproven that it’s good for a currency, too: a decade in, the only significant uses are speculation and money laundering. There are a few users trying to do normal daily life purchases but that volume is a tiny rounding error in the global financial system, which is why backers have lately been trying to retcon it into some sort of reserve currency store of value after having failed at the primary purpose.
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Re:“We already store data. In a database. It works well”
by broodje on Tuesday February 11, 2020 @09:06AM
(#22298540)
There's a very quickly growing use case of decentralised finance, abbreviated to DeFi. Within the Ethereum chain alone, close to $1b has been locked up in different DeFi projects.
Re:“We already store data. In a database. It works well”
by qertoip on Tuesday February 11, 2020 @06:52AM
(#22297758)
Sovereign store of value is the primary use case.
Re:“We already store data. In a database. It works well”
by acdha on Tuesday February 11, 2020 @06:59AM
(#22297781)
No. Just because that’s the community’s preferred PR answer after failing to become a useful currency doesn’t mean the rest of us forgot the previous decade of breathless claims that Bitcoin would replace the USD and Visa, PayPal, etc. in daily usage. People used to write these glowing stories about routinely buying coffee and paying for Ubers with it.