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Re:Binance US No Longer Allows USD Withdrawal for Users by Zuiii on Wednesday October 18, 2023 @12:09PM (#37930755)
It's still being used by normal people in really bad situations. It's just hn's typical demographic bubble that fails (or refuses) to see how it helps people. Of course, you're only experience with it is scams if you have easy access to USD and a more or less stable economy. Why on earth would you use something else!!

It really makes me happy that cryptocurrecy is here to stay despite the constant groaning and moaning. One day, even folks like hn will face the same issues that forced people to rely on it and they will be glad that it exists too :)

Edit: less downvoting, more useful discussion.

Re:Binance US No Longer Allows USD Withdrawal for Users by throwawayqqq11 on Wednesday October 18, 2023 @12:18PM (#37930895)
Relying on something volatile sounds like a contradiction to me and trust is the core of all currencies.

Every crypto "currency" was dead the moment they dropped stability for personal/miners gains.

Edit: Imagine a system where nodes would gain progressively less by dicovering new blocks but would prevent a timed decay of their wallets by doing so. A naive inverted incentive structure.