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by jy1 980 days ago
There's a lot of utility outside of the US, in countries without stable currencies.

It's no web, but its a lot more impactful than say self driving cars (thus far), 3D-printing, or vegan meat.

Edit: This is not to discount those technologies, rather to emphasize that crypto is used by millions worldwide for real transactions.

2 comments

Crypto is not more impactful than 3D printing.

3D printing has built real things, real products and has immense significance to fast prototyping.

Crypto hasn't built a single tangible item.

Crypto is used everyday by millions in many countries including turkey, argentina, africa. You may be lucky to have a great financial system in the US but thats a very narrow POV.
Is that utility somehow better than just moving assets into dollars or Euros?
Dollars and euros are in areas with the strongest economic regions in the world. What about the billions of people in emerging markets such as turkey, argentina, africa etc that dont have a stable currency to transact?
And just how exactly do you propose moving those assets into dollars? Dollars are the first thing that becomes scarce.