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by simple-thoughts 1179 days ago
Luxury goods, blockchain games, access to usd for unbanked, international remittances, international contracting, alternative governance, p2p lending, trading micro cap assets, asset self custody, and more are all legal use cases of cryptocurrencies.
2 comments

Access to USD for the unbanked extends to illegal use of cryptocurrency. Some of those people are unbanked for a reason.
A pittance relative to it's utility for bad actors. I like Bitcoin, and I cheered it on as a pimply-faced nerd who wanted to watch numbers do funny tricks. It's protocol is incompatible with what society deems acceptable though, so something's gotta change before the world goes all-in.

No fiat will ever be perfectly solvent, but that's a poor excuse to argue for the superiority of a currency as fickle as Bitcoin.

For good or for bad, what “society” wants doesn’t really matter. People onboard through extremely difficult and regulated processes to blockchain applications because their desire for the products is stronger than the blockages. Sure you can minimize that as a pittance but it doesn’t change the reality of desire.