[andric]

The phase after the hype dies down is called “The Slope of Enlightenment”. Hopefully that’s true for crypto, since the space has incubated a lot of good but poorly-executed ideas.

Microsoft helping climb the slope of enlightenment doesn’t sound like a half-bad idea.

[himinlomax]

Still waiting to see a single lawful useful application of crypto that's better than any alternative.

[hugs]

My hunch is that someday crypto will be accrued and used like frequent flyer miles or credit card rewards points. But the "better than any alternative" part is that they'll be more fungible than rewards points.

[himinlomax]

Frequent flyer miles are just a marketing gimmick. They're not "useful" as in serving an irreplaceable purpose; frequent flyer miles could be outlawed tomorrow and the world would not be a worse place in any way.

[noman-land]

Dare I say the Ethereum Name Service?

https://ens.domains

[himinlomax]

How's that any better than using a credit card with a regular domain name service?

[noman-land]

Ask SciHub, PirateBay, WikiLeaks, and the citizens of Iran.

[paulryanrogers]

Considering KYC requirements, volatility, and environmental impact not sure how crypto money in browser would be a net benefit for anyone except speculators and crypto exchanges.

[sebzim4500]

If people are paying with stablecoins on top of ETH (like the ERC20 version of USDC, for example) then neither volatilty nor environmental impact is a serious problem.

The lack of KYC is a feature not a bug.

[cowl]

What part of the "Dozen 'stable' coin fails in the past years" lesson are you having difficulties with? There can never be a "stable" offer in this space. the stability comes from "free to print money" organisations and the only acceptable such organisations are governments (not ideal, certainly not 100% stable but the only viable one). Everything that still contributes to keep up the speculation hype value of these cryptocurrencies (and a wallet by a wellknown players does contribute to it) is a net negative.

[gruez]

>What part of the "Dozen 'stable' coin fails in the past years" lesson are you having difficulties with?

The part where the major stablecoins (eg. USDC or even Tether) hasn't failed yet, and the "dozen" you speak of are the equivalent of shitcoins that never had any traction in the first place.

[cowl]

USDC is not stable. They have long ago removed their 1 to 1 peg with the USD because it was unsustainable. They are printing money and the value is being kept up only on the speculative expectations of the market. Like all other shitcoins they can not guarantee anything when things start to go down. Noone can guarantee anything. Those shitcoins that never had any traction according to you have cost billions to the people.

[Vespasian]

Some see it as a feature yes, but it's not sustainable.

In fact I would say that we are already behind the hay day of wild west crypto and are entering the phase of regulated fiance. Investors are already discovering why some of those regulations exist in the first place (latest example FTX) and governments are done standing at the sidelines.

[johngladtj]

Kyc wouldn't have changed the ftx meltdown

[wussboy]

> speculators and crypto exchanges

I’m pretty sure those are the two demographics that crypto is for.

[sumeno]

Don't forget scammers and criminals

[drexlspivey]

> not sure how crypto money in browser would be a net benefit for anyone except speculators and crypto exchanges.

How about the people who want to, you know buy stuff with crypto? Metamask has 10m+ downloads on the chrome store

[sshine]

> not sure how crypto money in browser would be a net benefit for anyone

When USD comes crashing down, not everyone has access to gold.

If there's one thing worse than absurd volatility, it's hyperinflation.

[vengefulduck]

Hahahahaha. Yeah, sure cryptocurrency never comes crashing down. It certainly would never lose 60% of its value in 6 months. That would never happen. What a perfect store of value. /s

[newZWhoDis]

Basically all KYC and bank surveillance laws should be repealed. People deserve privacy.

[SketchySeaBeast]

I assume you're not arguing this but crypto isn't really a solution for this problem.

Regardless, I think given the wild west of crime and fraud a world without banking surveillance would allow I don't think that's a great plan, and I doubt legitimate banks would be for it either given the legal grief they would be constantly in, assuming that you still believe that assets should be able to be seized or frozen in case of identified illegal activity, and if not a bank now needs to be comfortable knowing it's enabling human trafficking and terrorism.

Why should a bank be willing to do business with you if they can't identify you?

[mistrial9]

considering that the Tax Authorities have money today, while 'bros are looking for some.. I would guess that MSFT is on the side of the money.. that means, track your INCOME and the TAX that is due. mark my words