It's time for us in the tech world to speak out about cryptocurrency

Re:It's time for us in the tech world to speak out about cry... by pnt12 on Monday May 31, 2021 @12:35PM (#27345800)

First it was a payment method, now the fees are too high. Then it was a store of value, but it is too volatile for people who want a safe storage. It's also not private, as appare tly payments can be traced back to their user.

So, what's left? I know you can still make money with it if you joined earlier and you're lucky. Same with a MLM, but at least those don't waste so much energy nor ruin the GPU markets.

[ Parent | on HN ]

Re:It's time for us in the tech world to speak out about cry... by aeternum on Monday May 31, 2021 @03:53PM (#27347533)

How about:

- Instant loans without paperwork or credit agencies, algorithmically collateralized

- Micropayments to websites you visit rather than ads

- Electronic payments that can remain private if participants are smart. Much better privacy protections than electronic payment options like Visa/Paypal.

- Truly democratic governance protocols in which important decisions can be voted on in real-time by participants with skin in the game.

- The ability for a code itself, not associated with a human, to earn and hold money.

- Algorithmically enforced contracts that are more resilient to bribes and other forms of subversion compared to traditional court systems.

[ Parent | on HN ]

Re:It's time for us in the tech world to speak out about cry... by gverrilla on Sunday June 06, 2021 @07:12AM (#27412303)

how are governance protocols democratic instead of plutocratic, in your opinion?

[ Parent | on HN ]