How are there not real use cases for crypto already?
Surely more business is being done with crypto today than was done using the internet in the 80's.
I've been paid my salary in crypto for the last 8 years. The company I work for pays nearly all their expenses in crypto. I pay for my rent and most major purchases with crypto. A significant portion of my savings is in crypto. For fiat purchases, I'll use a reloadable crypto visa card. When I travel to foreign countries that mostly use cash, I'll usually exchange crypto for local currency rather than carry large amounts of USD or deal with sketchy ATMs.
> I've been paid my salary in crypto for the last 8 years. The company I work for pays nearly all their expenses in crypto. I pay for my rent and most major purchases with crypto.
Where's the value creation? At some point value has to be coming into the system, and as far as I can see that side still all bottoms out in crime or scams.
> For fiat purchases, I'll use a reloadable crypto visa card.
I've always felt those were an admission of failure of the whole crypto enterprise. All of the downsides and none of the upside.
> and as far as I can see that side still all bottoms out in crime or scams.
A lot of the value is technically from crime, i.e., using crypto to skirt government laws and financial regulations that I believe are unjust.
> I've always felt those were an admission of failure of the whole crypto enterprise. All of the downsides and none of the upside.
Ideally they wouldn't be needed, but they still allow one to take advantage of the other benefits of crypto (like unrestricted cross-border transfers) and still have access to a large markets of products and services.
Surely more business is being done with crypto today than was done using the internet in the 80's.
I've been paid my salary in crypto for the last 8 years. The company I work for pays nearly all their expenses in crypto. I pay for my rent and most major purchases with crypto. A significant portion of my savings is in crypto. For fiat purchases, I'll use a reloadable crypto visa card. When I travel to foreign countries that mostly use cash, I'll usually exchange crypto for local currency rather than carry large amounts of USD or deal with sketchy ATMs.