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Comment by stephen_g | Hacker News Reader

Because cryptocurrency and NFT people are the ones who came up with the current "web3" concept and are the ones pushing the whole thing. Personally, I expect the real "next-generation" of the web will turn out to be something different (who knows exactly what at this point though!), but this small set of people are trying to tie cryptocurrency and NFTs into the very definition of next-generation web.

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Desperate for a practical application of cryptocurrency.

It's been what, 15 years? I'm still using € and $.

Why be desperate? Cryptocurrencies are the dream of scammers and money launderers and criminals in general. Let them burn in hell

I hear this all the time on HN, but when I meet people in real life who own cryptocurrencies, they are educated people with real jobs and too many things going on well for going into prison for crimes.

Why is HN so different than my experience? Have you met a lot of criminals who own BTC?

It's not scamming. Was what Soros did with the British pound in the early 90s scamming?

There are a lot of people who think they can swim with the sharks. Good luck with that.

One virtuous and legitimate use is hiding your wealth from the state, so that they can not use it to fund useless foreign wars.

Only until your wallet(s) address become known and then every single transaction you have ever made is visible to the state. This is the least “hidden” system on the planet.

This does not apply to Monero

But it does apply to a lot, if not most, of the popular “crypto” out there.

Then someone drops in to remind this comment that USD and other paper is still preferred and less traceable. These arguments are always the same on both sides.

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