Re:Ask HN: What is the thing you've build you regret the most?
by bruce511 on Saturday November 19, 2022 @11:44PM
(#33678337)
Technically it might not obvuscate, but practically it does.
Critically (compared to cash) it allows remote transactions. Cash requires presence which limits the customer base geographically, and carries enormous personal risk. (you're already transacting with a criminal, do you want to be alone with him as well?)
The killer app for crypto is illegal activities. (which may in some cases be moral, but nevertheless are illegal.)
As a side note, the volatility in the crypto value, caused mostly my legal speculators being exploited by scammers, hurts the utility of crypto in all contexts, including illegal ones.
Critically (compared to cash) it allows remote transactions. Cash requires presence which limits the customer base geographically, and carries enormous personal risk. (you're already transacting with a criminal, do you want to be alone with him as well?)
The killer app for crypto is illegal activities. (which may in some cases be moral, but nevertheless are illegal.)
As a side note, the volatility in the crypto value, caused mostly my legal speculators being exploited by scammers, hurts the utility of crypto in all contexts, including illegal ones.