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A comment on It's time for us in the tech world to speak out about cryptocurrency. Parent comment

Re:It's time for us in the tech world to speak out about cry... by joepie91_ on Sunday May 30, 2021 @05:37PM (#27337090)
Considering that almost all legitimate users have been priced out of the market due to ever-increasing transaction fees and increasingly draconian regulations (often stricter than for non-cryptocurrency) and the resulting interoperability issues...

Yeah, I think it's safe to say that the primary use of cryptocurrency nowadays is as either casino chips or a money laundering mechanism. The economics no longer make any sense for anyone else.

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Re:It's time for us in the tech world to speak out about cry... by seibelj on Sunday May 30, 2021 @06:11PM (#27337371)
Is it so worthless that no one uses it, or so useful that only the highest-value transactors are willing to pay the fee?

It’s like arguing the most popular restaurant is so crowded, no one goes there anymore.

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Re:It's time for us in the tech world to speak out about cry... by SubiculumCode on Sunday May 30, 2021 @06:51PM (#27337710)
Plenty of crypto has low transaction fees these days.
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