Hacker News new | ask | show | jobs
by nluken 431 days ago
If the crypto community ever plans on being successful, it needs to show the world outside crypto why it should use cryptocurrency. Right now, people use these coins mainly for remittances and illegal trade because they allow the users to sidestep financial regulation and tracking. Beyond that a few gambling applications like Polymarket have cropped up, but these succeed not with the broader population but within the crypto social bubble because the kind of person making wildly speculative trades on virtual currency will probably also enjoy using an unregulated gambling market.

I have a hard time seeing how the market expands beyond its current demographic, many (but not all) of whom meld the worst traits of the finance and tech industries and only further alienate themselves from the mainstream in doing so.