[babaeth]

It's not fair to say that cryptocurrency has had "zero benefits" as it's clearly being used more and more for legitimate purposes such as zero fee international money transfers and providing a more cost-effective option for merchants compared to credit cards. It is important to consider the potential benefits and drawbacks of any technology or innovation before making blanket statements about its overall impact.

[Zanfa]

> It's not fair to say that cryptocurrency has had "zero benefits"

"Zero" is not fair only because the total sum effect has definitely been negative. Ignoring all the ponzis, frauds, scams and rugpulls, you can't discount the massive amounts of wasted energy.

> as it's clearly being used more and more for legitimate purposes such as zero fee international money transfers and providing a more cost-effective option for merchants compared to credit cards.

All of the major cryptocurrencies are pretty terrible at zero-fee money transfers, given the fact that none of them have zero fees and have laughable bandwidth. And that's not even considering on/offramp fees for turning crypto into usable money. There's very little proof to actual adoption in ecommerce, since most merchants "accepting crypto" actually accept money, there's just a middleman that does the conversion.

[louwrentius]

There is always an on/off-ramp from/to a local currency, that wants to be paid so zero fees is not realistic.

And for most people sending money overseas isn’t a use case at all.

Crypto is a solution in search of a real problem to solve. A Rube Goldberg machine to do elaborate things with no (legal) point.