What is it about HN people and negativity about Crypto? Want a killer app? Just look at Bitcoin. Want to find people who use Bitcoin? Move out of your world and visit countries with failing currencies.
Can you give me a couple of concrete examples? Especially large scale usage that actually impacts the value of Bitcoin? I currently see value in it only as an investment for people with FOMO.
I visited Haiti and over there, people just use their phones to pay each other through their telecom provider, or they use USD. None of them use Bitcoin, they're not even aware it's a thing.
They're likely talking about Venezuela, BTC usage by some shops and charities there made quite a bit of media this year, turning it into a popular meme for the cryptocurrency narrative that isn't otherwise backed by the real world.
Sending censorship resistant transactions. Crypto transactions are generally censored much less often than things like bank or credit card transactions.
For example, go try and start an adult services internet company. You will quickly find that very few banks will be willing to allow you to open an account.
Even though adult services isn't something that is illegal in the US.
Also, go back to 2011, and try to donate money to WikiLeaks.
Even though WikiLeaks was not charged with any crimes, and has not been convicted on anything to this day, you will find that all the major credit card companies would refuse to process your transactions.
They were not charged with any crimes. And yet, your transactions would be censored anyway.
So no, this does not have anything to do with illegal behavior.
Lots of financial transactions get censored all the time, regardless of any crimes being committed.
Oh please. As a former citizen of a country where the name of a local currency was used for jokes only, I can assure you - noone in their right mind would exchange the local awful shit currency for any of the existing cryptocurrencies. People would rather buy 5 fridges and three tv-screens or euro/dollars (and there is always black market in the toughest of the toughest dictatorships out there) anytime. When I was reading Mr. Antonopoulos about giving advice to his mother in Greece to invest in Bitcoin I was laughing like crazy (2018, bitcoin falling fast and steady).
There are two great lies (dreams??) crypto shills: 1) replacement of the 3rd world country dying currencies and 2) 3rd world country unbanked people desperately waiting for someone to "bank" them.
