from Hacker News

Bitcoin and other cryptocurrencies are useless

by pmuk on 9/1/18, 4:51 PM with 3 comments

  • by anoncoward111 on 9/1/18, 5:15 PM

    They aren't useless. They are of questionable utility with regard to price.

    I made a cute little amount of money in BTC/LTC speculation and I ultimately bought about $3,000 worth of labor using those coins. It was infinitely easier than having to send cash and deal with foreign and domestic laws around hiring labor and reporting that income.

    But, as fees increase and the price remains unpredictable, it becomes less fungible. That doesn't mean it is useless.