[RestlessMind]

> What applications of blockchain do you envision?

"digital store of value" which is: not controlled by any centralized entity and thus immune to corruption of the said entity, easily transferable, fungible, easy to divide into sub-units. I have compiled various usage examples of such a technology here[1], but primarily it boils down to "shitty governments", which covers a vast portion of humanity.

Traditionally, this was Gold but BTC is better at transfers than Gold. Maintenance burden is lighter for BTC on the one hand because you just have to memorize 12 words, but it is also susceptible to hacks on the other hand compared to Gold.

[1] https://news.ycombinator.com/item?id=32406095

[D13Fd]

Except gold has intrinsic value, and cryptocurrency has none.

[RestlessMind]

> gold has intrinsic value

Gold market cap is >12T$, which is nowhere close to its actual intrinsic value. A lot of that market cap is due to the collective myth we have bought into that Gold is a store of value.

If you don't see that, then probably you also won't be able to see the usecase of BTC. Moreover, if you do not see a need for a store of value in general (which is totally based on collective myths and less so on actual intrinsic values), then you are probably in a cute bubble somewhere.