U.S. Secret Service Launches Cryptocurrency Awareness Hub

Re:U.S. Secret Service Launches Cryptocurrency Awareness Hub by dogman144 on Wednesday February 23, 2022 @11:55AM (#30443169)

- Assuming it's A vs. B platform choices, then network effects: you'll actually have to get users to jump from Venmo, to LighteningMo. Hard stuff if there aren't compelling reasons

- Assuming LN is the infra that the Venmo of 2050 uses: I think you'd need a compelling reason for "Venmo" to drop (edit: or integrate LN into) their underlying infra, which is where I understand Plaid and inside baseball platforms b/t TX processors have very strong holds, and jump over to a blockchain stack.

- The volatility. It has to smooth out. I'm not going to be the next bitcoin pizza guy.

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Re:U.S. Secret Service Launches Cryptocurrency Awareness Hub by eric-hu on Wednesday February 23, 2022 @03:07PM (#30445707)

I think the second case is most likely. I don’t see crypto displacing any fiat or even financial rail system completely, but just taking a sizable share. I’ve seen very reasonable use cases in Southeast Asia in remittance. Western Union takes a ridiculous cut, and I wouldn’t be surprised if similar use cases are in Africa and South America as well.

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Re:U.S. Secret Service Launches Cryptocurrency Awareness Hub by dogman144 on Wednesday February 23, 2022 @03:39PM (#30446114)

Ya would agree as well, some cross-protocol, side-chain/SWIFT/Plaid/blockchain hybrid except for greenfield areas where it might take off natively.

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