Re:Ethereum Isn't Fun Anymore
by afiori on Monday February 22, 2021 @08:00AM
(#26223984)
In practical terms the main value of cripto is to people that are legally forbidden to access these kind of services. Even if the Nigerian prince was a scan there are many countries where limited access to financial services is unescapable; it is to them that crypto has the greatest value proposition (whether it will be good or bad in reality I have no idea)
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| on HN ]
That’d be true if the BCH people won, but btc as a mechanism to evade oppressive governments doesn’t work for the masses when transaction costs are so high.
Re:Ethereum Isn't Fun Anymore
by imtringued on Monday February 22, 2021 @09:29AM
(#26224913)
Yes, nowadays Bitcoin is just a shell of its former self. It simply is not practical for anything other than Tulip manias. That's incredibly sad. Practical usage of Bitcoin doesn't even compete with the speculation beyond transaction capacity. If anything speculators would prefer an economy built on Bitcoin that actually guarantees that it's more than just an instrument for speculation.