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Cryptocurrencies Are Still “Useless”
My counter-arguments to a popular Medium article.
Non-members of Medium can read the story here for free.
Last month, an article titled “17 Years After Their Invention, Cryptocurrencies Have No Use Case” popped up on my feed.
Strictly speaking, the author, Aure’s Notes, did acknowledge the “one and only use case”, the favourite argument of many detractors:
“Crypto has still no use cases, besides speculative investment, tax evasion, and scams.”
OK, here we go again.
It’s an outdated half-truth at best, but it’s laughable to paint every crypto asset with the same brush.
I was tempted to leave counterarguments, but I knew this would be futile.
Instead, I’ve chosen to call out this nonsense and write an entire article covering indisputable points about the genuine utility of cryptocurrencies and blockchain technology.
It is not what could be, but it is currently being done, albeit in its early stages.
It’s as nonsensical as those who dismissed Amazon, which launched during the dot-com bubble (1997–2003), because it was associated with many bogus projects during that era.
Yes, scams exist in crypto, just like everywhere else. At least 99% of coins and tokens are scams and overhyped…
