Comment by olivia-banks

Comment by olivia-banks 16 hours ago

5 replies

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One of the reasons I don't think crypto can succeed is because people will only use it if it's convenient, which very likely means corporate involvement, which of course ultimately defeats the whole argument of being decentralized.

DennisP 14 hours ago

Corporate involvement isn't that bad as long as the user can exit to fully decentralized operation in case of abuse.

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cturner 15 hours ago

Without convenience it will not be successful as a common currency. It does not need convenience to succeed in other ways. For example, as a store of value.

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  • olivia-banks 12 hours ago

    Sorry, I should have been more specific. "Succeed as a common currency" is more-so what I meant, I think the store of value argument stands.

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  • Pxtl 12 hours ago

    Literally any scarce and durable good can be a store of value. A pound of Osmium is about a million bucks. So building massive server farms to store something equivalent to an inert rock is kind of uninteresting.

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