One of the greatest uses of crypto is the ability to transfer any amount of money to any point on earth for next to nothing and no questions asked.
That is worth more than most any other use for crypto.
That is worth more than most any other use for crypto.
That's exactly the use of crypto. Illegal being based on a random law by a random government in a random country.
Had I been able to transfer Eth, which I didn’t see as an option last August, I would have been delighted with such a choice.
Bitcoin did not solve any real problem and you still need an additional mechanism to make sure that the thing you get back, actually happens.
Hedera is the way.
What happens when the product is faulty or not even arriving?
That's part of proof of stake of our society.
The same with lawyers and normal contracts.
All of it is part of our proof of stake.
Visa provides insurance and fraud detection.
Crypto promised solving the issues of the fiat.
It just doesn't do that at all and need all of the mechanics of our proof of stake system while consuming a lot of energy for it's own proof of work.
You can do those same transfers cheaper and faster on an Ethereum layer 2.
I can sell crypto to anyone, anywhere.
That cannot be used to purchase anything, anywhere.
Its only useful for a very narrow subset.
So, yeah, the "no questions asked" part is wrong. You can send money to anyone on earth, after a middleman takes a cut on your fiat exchange, the transfer, and the next fiat exchange, with questions asked, public for the world to see.
Unless you're actually going to directly use the cryptocurrency (which is generally impossible), it needs to be converted to/from fiat, which requires a bank transfer.
So after 20 mins of clicking some buttons I get my fiat currency in my bank account. And it costs 2 usd + some negligible amount.