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Comment by 300bps

Cryptocurrency is a solution desperately looking for a problem.

The white paper was written 13 years ago. What actual problems does it legally solve?

Store of value? Not so successful. Inflation hedge? Nope. Micropayments? Nobody wants them - any traditional financial company could implement it instantly. If people wanted it.

So we are left with the few things that cryptocurrency has actually been good at: tax avoidance, illicit transactions and ransomware.

Cryptocurrency has been a scourge and has no redeeming quantities.

ETH mining did pay for a computer I bought a few times over though so I guess thanks for that.

parent 300bps 4 years ago

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