Re:Crypto is an unproductive bubble
by heavyset_go on Friday March 18, 2022 @10:54PM
(#30730493)
> Cryptocurrencies have a valid but very specific use-case: being able to transact in a hostile environment.
You'd be lucky to have working computers, power sources and internet connections in a hostile environment. Cash and physical assets are king in that domain.
Governments can order exchanges to halt trading and liquidation, or demand haircuts, and 99% of people who hold cryptocurrency won't be able to do anything about it.
You'd be lucky to have working computers, power sources and internet connections in a hostile environment. Cash and physical assets are king in that domain.
Governments can order exchanges to halt trading and liquidation, or demand haircuts, and 99% of people who hold cryptocurrency won't be able to do anything about it.