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ChadNauseam 17 hours ago

Would you say that most of the benefits you attribute to cash can only be realized electronically using cryptocurrencies?

throwaway48476 16 hours ago | parent | next [-]

None of those qualities are true of crypto currency. It is not anonymous with bitcoin, it is not final as with tether, and KYC makes it not censorship resistant either. And for all this it has fairly high tolls too. Crypto is not a currency used for trade except illegal trade. It is a greater fool scheme.

torified 7 hours ago | parent [-]

I've made purchases with monero that were anonymous and final. From memory the transaction fee was something like 10c. Worth every penny.

gwbas1c 16 hours ago | parent | prev | next [-]

Tolling on cryptocurrencies is absurdly high.

torified 7 hours ago | parent [-]

About 6c per transaction on monero.

https://bitinfocharts.com/comparison/monero-transactionfees....

I paid multiple orders higher fees when I bought lunch today.

bckygldstn 16 hours ago | parent | prev [-]

In most developed countries outside the US, electronic bank transfers and payments fulfil 1 and 3.