Table of Contents show 1 Research Objectives 2 Methodology 3 The Data We Used 4 Findings: Research Objectives The aim of this research is to shed light on the blockchain industry’s growth and market reach among a vast array of companies. Our specific objectives are: To quantify the number of blockchain and web3 companies that […]
Crypto actually is really useful for evading the law
That’s the only use case I’ve heard that makes sense. To be clear, sometimes it’s moral to break the law, but still…
This came up in an episode of Cartoon Avatars and the specifics were basically, “I’m fleeing from my country and want to bring all my wealth with me over state boundaries without the possibility of it being stolen en route”.
Yes, sometimes it is good to evade the law, because the law might be immoral, for one reason or another, and ranging in severity from not being able to buy weed that helps you, to not being able to flee from a country that might kill you
So there is some legit and morally acceptable use-cases for crypto, but still, it’s not much
I agree that it’s not much. That was my attempt at steel manning crypto’s use case. The single one I know of that makes even a little sense. 99% of it is bullshit.
with Monero there’s also the use case of just, paying for things. it’s like cash but digital because it can’t be tracked. The issue with Monero is that it uses a lot of energy per transaction, a lot less than Bitcoin but still a lot. This would go down if more people adopt it tho iirc
That’s the only use case I’ve heard that makes sense. To be clear, sometimes it’s moral to break the law, but still…
This came up in an episode of Cartoon Avatars and the specifics were basically, “I’m fleeing from my country and want to bring all my wealth with me over state boundaries without the possibility of it being stolen en route”.
Yes, sometimes it is good to evade the law, because the law might be immoral, for one reason or another, and ranging in severity from not being able to buy weed that helps you, to not being able to flee from a country that might kill you
So there is some legit and morally acceptable use-cases for crypto, but still, it’s not much
I agree that it’s not much. That was my attempt at steel manning crypto’s use case. The single one I know of that makes even a little sense. 99% of it is bullshit.
with Monero there’s also the use case of just, paying for things. it’s like cash but digital because it can’t be tracked. The issue with Monero is that it uses a lot of energy per transaction, a lot less than Bitcoin but still a lot. This would go down if more people adopt it tho iirc