Agreed. Mostly I’m aware of just two main categories here: speculation (folks who hold it hoping the value will go up and they can pocket the difference) and privacy uses (e.g. cakepay dot com which offers prepaid visa and mastercard virtual credit cards globally for one time use and accepts crypto). And when you think about it, something like a blockchain that forever maintains a history of transactions probably isn’t the best technology for the privacy minded…
There is a history of blockchain money laundering services which work by comingling funds and moving them all over the place to make them effectively untraceable, as well as cryptocurrencies like Monero designed to make tracing difficult.
So no real-world application that’s anywhere near the size of the criminal use.
I think you will be happiest if you continue to belive whatever you already belive. Have a nice day. Bye.
Agreed. Mostly I’m aware of just two main categories here: speculation (folks who hold it hoping the value will go up and they can pocket the difference) and privacy uses (e.g. cakepay dot com which offers prepaid visa and mastercard virtual credit cards globally for one time use and accepts crypto). And when you think about it, something like a blockchain that forever maintains a history of transactions probably isn’t the best technology for the privacy minded…
There is a history of blockchain money laundering services which work by comingling funds and moving them all over the place to make them effectively untraceable, as well as cryptocurrencies like Monero designed to make tracing difficult.