Memes

45635 readers

1649 users here now

Rules:

Be civil and nice.
Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago

MODERATORS

[email protected]

1865

Blockchain: the wave of the future (lemmy.world)

submitted 9 months ago by [email protected] to c/[email protected]

358 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] -1 points 9 months ago

IMO, blockchain technology is good for one use case: illegal transactions.

If the friction of translating your fiat money into cryptocurrencies and back is low enough it can be a very good method for collecting digital donations. Potentially no fees to send/receive money, no real national restrictions to speak of and then its stored as a value that the recipient can use however they want, plus donors can trace where the money goes if the person they donated to then turns around and donates a portion to another person receiving donations on the blockchain.

Basically the exact same benefits as the use case of illegal transactions, but at least for good rather than usually-not-good