Reply to What's the Latest on Crypto?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][b]Crime and speculation are the primary use cases at the moment.[/b]

It does have some value for those who do not trust the banking system and its ability to handle electronic payments.  It also has value in third-world countries with poorly managed national currencies and/or weak banking systems.  It can make carrying "money" across national lines possible (one can, in principle, memorize a Bitcoin wallet key, and cross a national border with nothing to confiscate and nothing to trace).

The primary barrier to its use for daily transactions is the transaction time (minutes or longer) and the failure to agree on which cryptocurrency to use.

I personally see it as a dumb "investment," but it does have some valid use cases.[/quote]

This. But don't underestimate speculation -- that defines the stock market as well to a much larger extent than most understand. [/quote]

100000%. Once I truly understood the stock market, I was much more receptive to adding crypto to my portfolio as well (all about balance). [/quote]

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