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RE: Will Crypto survive the length of time? In what form? In search of Intrinsic Value and Use Cases...

in LeoFinance2 years ago

But I think we are not there yet in crypto space in providing the same user experience (or better) as what the traditional fiat world, banks, laws etc are giving us.

That's for sure... We are too early and crypto needs a lot more things to build up on top... I know that I'm maybe a "decentralized dreamer", but I really have no trust in any centralized authority... Everything is great and fantastic while things are doing well... THe real problems become visible when something begins to go wrong... As you mentioned Russian bank accounts when everyone pays the price of some idiots... Not ALL bank accounts in the EU from Russian people are mafia money... and if yes, why they accepted that money in the first place? 😃

As you have probably noticed, for me, the first crypto, then EURO... :) And my HODLings say the same, so I do live what I preach... 😃

I hope we will meet at HiveFest and continue chatting!

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I do understand your point and am not necessarily negative toward those views.

Needless to say, crypto wallets are not free from being blocked. If not from the crypto service provider itself, or from node/witnesses of chains or services on top of base chains, then from the USDC organisation :) But yea, BTC on the BTC chain is more secure indeed. But then, no interest on money, and no other services. Since any service on top of BTC chain is more centralised and/or more vulnerable to attacks and stealing funds from the users and whatnot without having the laws and government backing us.

HIVEfest, though am living more or less around the corner of HIVEfest, it's almost 100% sure I'll not be back in the country up to and during HIVEfest. When I will be in time, I may indeed consider swinging by. Otherwise, we can meet outside the official locations. Anyways, I think I'll not even be in Amsterdam or the Netherlands by then due to a higher priority event in my life.