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cherafel

Re:A faster, more efficient cryptocurrency on Monday February 18, 2019 @02:41PM (#19193645)
Anonymity. There are some cases you may want to be identified by a random wallet address (with your payment proxied around to make identification very difficult), where the payment is not an attempt to sidestep the law. First example that comes to mind would be memberships to explicit content.

Course, you could just use Visa gift cards for these kinds of usages. It's probably a bit more convenient to do it this way, rather than keep topping up a card.

Some other use cases noting that cryptocurrencies tend to have public ledgers.

Re:A faster, more efficient cryptocurrency on Monday February 18, 2019 @02:38PM (#19193617)
It can be used for purchases via services like Bitpay which can automatically give a fiat value for the cryptocurrency amount, hence shielding you from price volatility.

Generally though, merchants wouldn't bother accepting it. Alongside the fees and whatnot, adoption is too low, fees are too high, time to confirm is too high, and it can complicate some legal stuff (like issuing VAT invoices).

Re:A faster, more efficient cryptocurrency on Monday February 18, 2019 @02:35PM (#19193585)
I'd answer in the negative here.

Most cryptocurrency fans seem to be optimistic investors looking to join in on the massive returns seen by investors in 2016-2017. Most of them care more for generating 'hype' and seeing an increase in the value of the coin they hold, just so they can dump their holdings later. I don't think they'd be too interested in a coin that inflated in value that they didn't hold (they'd probably instead promote something they did hold). Most cryptocurrency fans do not hold one particular coin, and generally change which coin they advocate for pretty often.

Cryptocurrency communities are generally pretty toxic and non-constructive environments. I've been part of a couple, and I've noticed multiple times a massive decline in the quality of the community (and, sometimes, in development as well) as the cryptocurrency got more popular (and more people joined the community).