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RE: What Problem Does Cryptocurrency Solve?

in LeoFinance4 years ago

Crypto solves the issue of me being POOR ! If BTC goes to 1mn xD.

More seriously, it gives us (people) the tools to solve a lot of the issues you listed. But we need to understand how to use it in positive and responsible ways.

Have a good Saturday

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Indeed like any tool it can only be used with education and practice, that's how you gain understanding. I just think crypto solves this or that narrative is Wildly overstated

Apart from some remittance disruption and store of value outside governments with Bitcoin I haven't seen much else that's really solving much

Smart contracts - most of its gambling no real application yet
Staking - centralisation of inflation we have that in fiat
Yield farming - rehypothication of inflation we have that in the derivatives market

Same same different name!