Comment by latchkey
3 years ago
It is almost like people think that crypto's whole purpose was to solve their inability to protect themselves from theft and that it has somehow failed in this regard and should be cast off as a worthless toy as a result.
For this reason, the choice is to only use credit cards where merchants have to pay exorbitant fees and end users have to pay massive APYs for borrowing.
If only someone could at least try to come up with a better system.
> If only someone could at least try to come up with a better system.
Payday loans and cash purchases? We have a variety of "systems", each with pros and cons. And hopefully that kind of diversity will continue into the future. For daily consumer purchases most crypto systems seem to have more cons than pros. For investment purposes I really don't know. And as a store of large chunks of value, maybe crypto will have an important role at some point.