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by sebmellen 1892 days ago
No disagreement.

Here’s my beef, though: Dogecoin, BTC, etc. have failed to replace cash money or be used for any sort of significant, regular, money-like use-case.

Monero is maybe the most legitimate cryptocurrency at the moment, as it allows for (and is really used for) darknet purchases. That’s a real use-case.

This is the point Taleb is making too.

1 comments

I've happily paid for legal things in BTC in the past. Actually the biggest thing that blocks me from doing so now is the fear that the tax man might come to haunt me later for some bogus reason. So it's mostly about its legal status of "something that's not legal tender" that makes it unusable.

And also that established payment services have kept improving their services enough that BTC's superior agility isn't that pronounced anymore.