• inv3r5ion@lemmy.dbzer0.com
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    1 day ago

    When Crypto scammers steal from people, they don’t steal Crypto. They have you wire money overseas.

    That right there tells you everything you need to know about how useful crypto is as a currency

    • finitebanjo@lemmy.world
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      1 day ago

      It tells you how useful it is for covert transfers and discretion.

      As I have laid out to multiple people: those have never been what it was for and by design never will be. It is a digital multiple ledger system which replaces the need for a bank.

      EDIT: and to be clear theres nothing wrong with banks, but they’re inefficient for a lot of things like payment gateways and can be unreliable.