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by lmm
322 days ago
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> I've been paid my salary in crypto for the last 8 years. The company I work for pays nearly all their expenses in crypto. I pay for my rent and most major purchases with crypto. Where's the value creation? At some point value has to be coming into the system, and as far as I can see that side still all bottoms out in crime or scams. > For fiat purchases, I'll use a reloadable crypto visa card. I've always felt those were an admission of failure of the whole crypto enterprise. All of the downsides and none of the upside. |
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A lot of the value is technically from crime, i.e., using crypto to skirt government laws and financial regulations that I believe are unjust.
> I've always felt those were an admission of failure of the whole crypto enterprise. All of the downsides and none of the upside.
Ideally they wouldn't be needed, but they still allow one to take advantage of the other benefits of crypto (like unrestricted cross-border transfers) and still have access to a large markets of products and services.