>I actually think there are plenty of legitimate uses of cryptocurrency, and that it is being used in those ways today.
Absolutely. I never said anything that contradicts that statement.
Rather, I pointed out that the majority of those legitimate use cases are currently better served with the global financial system. And as such, the current, practical* use cases for cryptocurrency are as a medium of exchange for goods and services that governments frown upon.
I make no judgement as to whether that's good or bad, just that it is.
I'll remind you that I said currently, not forever, not it's just a scam, not everyone who touches cryptocurrency is a criminal and most certainly not there are no legitimate uses for cryptocurrency; Just that currently the most compelling use case for cryptocurrency is as a medium of exchange for "illegal" goods and services.
Most (not all, I'm not being categorical here) other use cases are currently better served via the global financial ecosystem based on government-backed currencies.
Absolutely. I never said anything that contradicts that statement.
Rather, I pointed out that the majority of those legitimate use cases are currently better served with the global financial system. And as such, the current, practical* use cases for cryptocurrency are as a medium of exchange for goods and services that governments frown upon.
I make no judgement as to whether that's good or bad, just that it is.
I'll remind you that I said currently, not forever, not it's just a scam, not everyone who touches cryptocurrency is a criminal and most certainly not there are no legitimate uses for cryptocurrency; Just that currently the most compelling use case for cryptocurrency is as a medium of exchange for "illegal" goods and services.
Most (not all, I'm not being categorical here) other use cases are currently better served via the global financial ecosystem based on government-backed currencies.