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A comment on The amateur investors ruined by the crypto crash. Parent comment

Re:The amateur investors ruined by the crypto crash by formerkrogemp on Tuesday July 12, 2022 @06:58PM (#32076876)
O, great market oracle, when will crypto prices go back up again?
[ Parent | on HN ]
Re:The amateur investors ruined by the crypto crash by MacsHeadroom on Tuesday July 12, 2022 @07:08PM (#32076963)
Who cares? Price doesn't matter for any crypto specific use cases.

Even price stability is of marginal importance. Speculators can take a hike.

[ Parent | on HN ]
Re:The amateur investors ruined by the crypto crash by quickthrowman on Tuesday July 12, 2022 @07:38PM (#32077223)
> Price doesn't matter for any crypto specific use cases.

Exactly! Ransomware groups, drug dealers, and money launderers don’t mind the volatility or transaction fees since their funds are illegally obtained. It’s just a tax they pay to launder or steal money.

I’m not aware of any other specific use cases for crypto aside from speculation and the ones I listed in the previous paragraph.

[ Parent | on HN ]