alt Hacker NewsI think we can probably declare crypto as failed now.
Note that I was one of the folks early on that bought into the idea (but not as much of the coins sadly) and I still think the Bitcoin white paper is a beautiful intellectual exploration (as is the concept of blockchains).
But the centralized entry and exit points in practice mean all the theoretical benefits aren't really in play.
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Hacker News has always been salty about being against crypto all the way up. And it's overall still very up. You wishing it failed, doesn't make it fail.
Not in my eyes; I love crypto self custody
It's significantly less useful in first world countries that have developed and reliable financial systems. However all of the problems crypto has can often still be more reliable than the financial systems available to many humans.
Agree, citizens in countries with rocketing inflation should be just forced to deal with it.
best bug bounty on the market, working perfectly for the current custodians
If the use case is tax avoidance, bribes, theft, scams, money laundering, funding terrorism, evading sanctions, ransomware payments, extortion, illegal purchases then crypto is immensely successful.