For instance, if USD had features designed to make life easier for counterfeiters, money launderers, and other kinds of financial criminals we would probably say that it has been designed for fundamentally the wrong ends.
To give a goofy analogy: if it turned out that space travel was mostly gimmicky and used to cheat people, that would not undo the great technical achievement that it is.
Crypto is one of those things that no one saw coming. I dont think most people--even rather technical and well read--even considered such an idea prior to 2007.
So you have found a way to protect your wealth against inflation, I guess?
Would love to hear what that is.
That is generally known as investing.
It's literally the entire point of buying stock instead of putting your money in a savings account.
I agree. Currently it's being treated as an investment vehicle more than a currency. I wonder if the house of cards will ever crumble.
Pornhub seems to disagree.
What I notice is that so many of the kind of posts you respond to seem to be self-serving. To generate the kind of hype and demand and awe.
But there is nothing.
1. There is no use case for crypto currencies, except fraud and crime.
1. There may be use cases for centralized ledgers, however it seems like people are desperately trying to "find" use cases just the same way they are trying to find machine learning use cases. It's a marketing hype.
If crypto currencies were actually "required" to solve any major use case, the implementation would follow easily from the requirements. The things its being used for right now are essentially crying out for crypto currencies and it doesn't take a genius to derive a crypt currency implementation for those requirements. However I would argue that 99% of these "use cases" are made up and would work as well or even better on a centralized architecture.