Hacker News new | ask | show | jobs
by olalonde 1464 days ago
Use case: decentralized, censorship-resistant, programmable money. Sorry if it takes more than a decade to disrupt the most entrenched and powerful status quo on earth.

Personally, I never thought it would come this far so quickly, and am quite happy with the pace of adoption and progress.
2 comments
martin_a 1464 days ago
> decentralized, censorship-resistant, programmable money

accepted by nobody who has something valuable to offer

link
jakupovic 1464 days ago
Still has you talking about it. So, you must in theory accept it if you talk about it. My friend that's logic at play :)
link
mmcnl 1464 days ago
A very important part of any use case is that you clearly define a goal. What is the goal of "decentralized, censorship-resistant, programmable money"? These are crypto invented words that have no meaning outside of the crypto ecosystem.
link
olalonde 1464 days ago
That's incorrect. Decoupling money from the government is a goal that predates crypto by quite a bit[0][1].

For most people in the first world, cryptocurrency is not an app that will instantly make your life better like Airbnb or Uber. It's a lot more deep and abstract than that. The idea is to separate money from the government. If you don't value financial privacy or don't think the government's ability to arbitrarily inflate the money supply is problematic, it's going to be hard to convince you. How would you respond to someone in China asking: "How does free speech make my life better?" or "How does democracy make my life better?". It's not really a question that can be easily answered with an elevator pitch.

[0] https://en.wikipedia.org/wiki/Criticism_of_the_Federal_Reser...

[1] https://wtfhappenedin1971.com/

link
TingPing 1464 days ago
An unregulated market where consumers can be exploited.
link