Drugs, ransom, and capital flight ought to be enough for anyone.
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I mean, I want to buy some food, and a great gaming/compute PC, to wait out the
pandemic siege in place.
Is there a crypto to do that? I think no?
I have a futures contract on bitcoin, but that doesn’t even give me the bitcoin; I’m just betting on price.
End of conversation
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I will! It.
Is.
Still.
Not.
Ready.
My personal ultimate conclusion is that it will not be tested at any truly utilitarian universal scale before civil society collapses under climate chaos.
Still an unsolved egregious amount of energy use with POW. -
The potential of the technology and space is not going to buy you supplies today or most likely at any point in the great unraveling. Not enough work in block chain with time bank or backed by the commons to make it relevant to deep adaptation. Yet.
End of conversation
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Current use cases for crypto, like payment, requiring decentralization aren't convincing unless you're trying to escape government oversight (AML, KYC, etc)
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Will anyone stand up and admit that the technical issues of cryptocurrency remains immense and that in terms of frequency and bandwidth it’s still not ready to host the world economy...
Without new inventions?
Or has some tech like Lightning patched the problems enough?