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Apple Looking for a Manager With Experience in Cryptocurrency
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I think the good outweighs the bad. What if the government of the country itself is an "illegal gang" and they are looking to seize your assets to pay for the dictator's new yacht?
At the university I work for students from countries like this literally pay their tuition in cash due to their governments corruption.
Let's just outlaw the internet, too. I mean, it facilitates criminal activity. Even if it has some redeeming qualities, the balance is just too skewed to the negative. I mean consider how much power is used to operate the internet, alone.
You're going to need to clarify your "not in relative terms," comment, because if you're trying to suggest that crypto is being used to pay for most of the world's criminal activity, you're out to lunch. Every single day, people buy drugs, guns, hire people to kill other people, launder money, avoid taxes, etc, all with fiat.
"Extremely" means that every single crypto transaction exists on a permanent blockchain, most of which are fully public. If you get paid a salary, take some money out of an ATM, use that money to buy drugs and then that drug dealer uses that cash to buy guns, there's literally no paper trail, or way to track what that money was used for or who it ended up with. If law enforcement wants to find out who spent or received crypto, it really isn't that hard, since it came from fiat, and exits to fiat also.
Your last comment, about less energy. And? If large blockchains can also use near zero energy and offer benefits that fiat doesn't, well.. I don't even need to explain to you why that's worth investigating.
The irony is palpable.I never regretted one moment getting on that dock or getting on that ship
Some gamble and win, some gamble and lose, that's just how it is. It was just a general remark of mine because of the salt in this topic, maybe some people drank the sea water and got dissapointed? 😂 (Not directed at you, but just a pun I couldn't leave)
Saying that "fiat is used for criminal activity more than crypto" is like Tony Soprano arguing "why aren't you looking at Russia instead of me? Way more crime over there!"
In absolute terms, I'm sure there's more criminal activity happening with fiat money, because there's more activity happening with fiat money, period. It's not a meaningful comparison.
And which, again, only have a random ID as identifying information. It's, by design, not particularly traceable.
Sure.
And an ATM didn't come from fiat?
Creating a new Bitcoin wallet isn't any more or less untraceable than debitting from a bank account.
Well, that's a big if, and for better or worse, the answer is no. There are no benefits. Building a currency on top of a Merkle tree is a dumb idea.
Who gets to decide what a use case is? When does it get to be decided?
I mean, the "internet" had its use case from the beginning. But, i suppose it took well in the 2000's for the collective consumer consciousness understand and realize it's value.
So i'm not surprised that everyone is skeptical of the usecase or value of Blockchain / crypto assets / bitcoin and just want to hype it as a scam or a haven for criminal activity.
methinks you don't get the point of crypto
So glad cash has never been used for criminal purposes...........................
Sure. Many of the great use cases started coming up about a quarter century later, e.g. the Web.
But the general idea of "computers should probably be networked" and "if we can do networks of networks, we can even exchange information across universities" were well-developed by the 1970s.
(Even the Web was largely based on the idea of hypertext, which HyperCard on the Mac had a few years prior, and which had been theorized back in the 1960s.)
For the masses, it took a bit longer, for reasons like pricing, speed, user interface, etc. Once you come up with "you have the world's information at your fingertips", that's not a hard concept to sell to a user. And that general idea was already there; the infrastructure just took a while to develop around it.
I really don't see much of the same for crypto"currencies". On the contrary, we have infrastructure for existing currencies, so that's not the problem.
I think you're overstating how much of a "it's scary and will be abused" hype there was around the Internet. Before the 1990s, barely anyone knew of it. During the 1990s, it was already quite popular by way of AOL, CompuServe and others. After that, well, y'know. At no point was there that much of a controversy.
Were there concerns that e-commerce could be abused? Yes. But that quickly proved to work quite well.
Question: say Apple begins taking bitcoin, and I go and buy a $3000 iMac for 0.08 btc. A few days later, Musk tweets the kind of things he tweets, and bitcoin plummets by 50%. Also, I decide I don't like the iMac anymore, and I want to return it for a refund (which I'm entitled to). Would Apple give me my 0.08 btc back or 0.16 btc?
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Surprised to see so many people here fall victim to crypto energy FUD!
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They probably want to hit the ground running in China when the digital Yuan takes off in the next few years.
Well put and agree about the blockchain technology being good but crypto in itself hard to tell and could be a scam.
There is more to crypto than just Bitcoin... some crypto currencies use less energy than traditional banks 😉
This seems logical, nobody uses the stocks app so this could boost its use and they can even add a subscription to it
Our base layer of money doesn't work because it is corrupted. Fiat currencies have inflation every year which robs people of the fruits of their labor. The wealth inequality increases because those who owns the most assets gains the most from the money printing. Geopolitically, the US have to defend the petrodollar and countries are competing in a race to the bottom by simultaneously devaluing their currencies. Technological innovation is a deflationary force of our society which is exponential and is fought by money printing. This GDP growth goals (which they try to reach by help of inflation) are not sustainable for environment. The power concentration of whoever controls the money printing leads to a more totalitarian society.
We most certainly need a new monetary infrastructure! Bitcoin at least offers a more sustainable solution.