Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> crypto has none of this

It's pretty easy to think of a counterexample to this..

Cross border payments, collateralized loans, drugs, gambling, prediction markets, inflation/instability hedge.

Whether or not you disagree that crypto is a good solution for any of these, it's pretty wild to claim "zero utility" in 2021.



I feel the EU did a much better job at solving cross border payments than crypto has. So I would say crypto is really only interesting for illegal stuff in places with working banks.

As long as I do transactions within the EU they are easy and cheap. Which is s good thing the EU forced the banks to do.


I guess technically that's cross border, but not really what I meant.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: