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by OutOfHere 68 days ago
Cryptocurrency has had many legal real world uses cases. It is used heavily in prediction markets. Serving as an inflation-resistant store of value that is orthogonal to gold also is an implicit real world use case. Permissionless and easy international transfer of funds between individuals has been the biggest real world use. It's not only for collecting and trading. Obviously, those wanting to suppress it will keep finding excuses.
3 comments
_DeadFred_ 68 days ago
Defending crypto as legitimate by adding 'it's also useful for gambling to get around regulation' is wild.
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OutOfHere 68 days ago
Some bets are less gambling than others. For example, if you bet "no" on the US leaving NATO this year, just how much of a gamble is that? There are many such bets, some a lot less uncertain than this example. Anything can happen in today's environment as yesterday's ceasefire showed, but in aggregate, statistics and commonsense are not lost. The regulation you speak of is oppressive, legally unchallenged, and is considered undesirable by people who appreciate personal freedom.
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_DeadFred_ 68 days ago
'It's not gambling. Look at what a sure thing this bet is!'. Again, wild.

The regulation is often at the state level, the most representative form of legislation possible, often varying from state to state creating the freest system/market where you can chose to live in a less or more regulated state.

When at the federal level it is as the DIRECT result of the social impact it previously caused not because the government just wanted to restrict freedom but freedom was tried and in this situation not sustainable on a societal level.

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nprz 68 days ago
Lol at the downvotes. People get so mad if you say you prefer one imaginary ledger over another.
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OutOfHere 68 days ago
The same people have no idea what's coming for them even when it's in their face as with the posted news article. If the US doesn't act now to restore the use of USD in Hormuz, it's the beginning of the end of the for the USD as a currency for international trade.
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GJim 68 days ago
I confess I'm not entirely sure if this is satire or if you are a true believer. Well done!
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