| > Sucks in what way exactly? You can't really use them as currencies. They're too unstable. Cryptocurrency transactions are taxable events in the US. That alone is too much of hassle to make them worthwhile. They're usually backed by nothing, which makes them a purely speculative risk asset. The most stable coins are backed, ironically, by fiat. Sometimes with fractional reserve. I've looked into crypto backed by precious metals, but liquidity is awful. So they're useless as currencies, they're useless as a hedge, the only use for cryptocurrency is to speculate on cryptocurrency. > Because from where I'm standing: I continue to have access to a low cost, friction-less token on an immutable ledger operating on the World's most secure Network on my phone, that I can use anywhere with wifi, and I can pay anyone who currently accepts Bitcoin and it operates 24/7 without anyone's permission. Yes, that's the gimmick. I get it. > And I can program it to do various things on top of that should I need it to, with built in trustless systems All your "trustless" system can do is shift around entries on digital ledgers. That's not that useful. Most systems require some degree of real world trust and accountability. For example, how does cryptocurrency deal with fraud and theft? Quite poorly, if you ask me. > All of which incentivizes not only fair commerce and a real usecase for triple bottom line accounting, as it spurs on renewable energy as its main source as it continues to grow but also allows for previously marginalized/undocumented people into an economic system to be on boarded I don't see any evidence that it actually does that. Sounds more like wishful thinking. |
Maybe to you, just like the INR is useless to you as a currency (because you don't live in India). Many people do use Bitcoin as currency, and transact with it every day.