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by jazzyjackson
204 days ago
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Crypto has all the same use cases it's just that fiat is better at everything so long as the thing is blessed by the government Given a government reflecting the will of the people, anything you need crypto for is de facto antisocial behavior i think it's nice to have a plan B for when the governments idea of criminal doesn't line up with my own so much |
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The only application I can even think of where cryptocurrency is actually better than fiat is ransomware. Actually I suppose any kind of ransom payment might benefit from using crypto, as there's no risky physical cash handover for police to intercept. Seems like it could be equally useful for kidnappers as ransomware hackers.
But I can't think of single non-ransom transaction where fiat isn't better than crypto. Legal or otherwise.
For example when buying illicit substances, I don't see why I would want to pay extra to make the transaction traceable and public?