re: #402 Anymouse 🌹

I don’t see much use in any cryptocurrency. Pretty much none of them can be used in any significant way (other than illegal crap). If the nation collapses and takes the dollar with it, I have a lot bigger problems than the dollar collapsing. If any cryptocurrency collapses (or gets ripped off, such as Mt Gox) you’re pretty much on your own.

Most of these projects are, like she says, stupid. Many try to use blockchains to fix problems that don’t exist, or that could be fixed in better ways. The utility of being able to send funds across borders instantaneously, OTOH, is a major advantage. You can perhaps understand why I believe so. Arranging bank transfers from China to the USA is a major hassle, involves lots of paperwork and time, and is expensive, relative to the amounts I typically send. Bitcoin is secure and has not been hacked (yet), so as long as there are ways to convert Chinese yuan to Bitcoin and then Bitcoin to USD, I will continue to use it.

Only a fraction of crypto is used for illegal purposes. Even the G20 wonks have said this. Stop repeating something that is not true.