• Deadend [he/him]
    ·
    4 years ago

    I can’t wait until people start buying shit with bitcoins and being mad about ledger fees and how slow it is. Bitcoin really is useless.

    Also I assume at some point if it becomes a danger to the money, within a week there will be an attack on Bitcoin that ruins it. Such as a 51% attack or simply attacking major servers.

    • NaturalsNotInIt [any]
      ·
      4 years ago

      People abandoned the idea of using most cryptocurrency for everyday payment years ago. The big use cases right now are for ledger payments (think companies settling accounts) and "Decentralized Finance", which is a way for people to take loans and speculate with zero oversight or regulation, or basically for individuals to be margin lenders (lend people money to buy other crypto, stocks, etc.)

      • Deadend [he/him]
        ·
        4 years ago

        Distributed ledger is cool.

        The rest is just capitalism approaching self-parody.

        • FloridaBoi [he/him]
          ·
          4 years ago

          I’ve seen this used as a business case but it doesn’t seem like it’d actually be more efficient

    • invalidusernamelol [he/him]M
      ·
      4 years ago

      The only good one I've seen is the digital yuan and that's because it's not cryptographic, is managed by a state run central bank, and is designed to do the opposite of crypto (reveal financial crimes instead of hide them).