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this post was submitted on 24 Aug 2023
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Relaxed section for discussion and debate that doesn't fit anywhere else. Whether it's advice, how your week is going, a link that's at the back of your mind, or something like that, it can likely go here.
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You can use both systems, and appreciate their advantages and disadvantages. Cryptocurrency is good for discreet transactions where you don’t mind sacrificing some of the protections of the traditional financial system. So far it seems that it’s mainly used to buy drugs and other illegal stuff, but I’ve also seen web hosting purchasable with crypto, and I’m sure there are plenty of other applications that I can’t think of now. Back in the first bitcoin boom, there were restaurants selling food for btc, but the confirmation delay was a concern. That wouldn’t be the case now with the lightning network, but the novelty is gone.
The web3 stuff built on top of blockchain seems to be 99% scams and grifts. I don’t subscribe to the value of adding artificial scarcity/provenance to digital goods.