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Generally speaking, in your opinion, what’s the best current use case for crypto as the sector stands right now?

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by COINS NEWS 80 Views

Think in terms of categories: store of value, payments, remittances, defi/lending, NFTs, file storage, organized crime, etc.

For me, I can’t help but think the top use cases in our present moment are still store of value and organized crime. Store of value is obvious for people in certain developing countries with hyper inflation: Venezuela, Lebanon, Turkey, Argentina, etc. For me this seems to present the most value for people in our current world.

Organized crime. Whereas Pablo Escobar had to bury cash in Colombia, and Jordan Belfort had to make use of a Swiss bank to hide money, I can’t help but think there’s a lot of criminals using crypto to hide and store their wealth. Though Monero too has seen a price decline, it’s remained relatively stable compared to other cryptos. It hasn’t had an 80-90% drop, which makes me think there’s some Escobars of the world sitting pretty with their wealth tied up in an untraceable vehicle.

Realistically, as things stand today, what do you folks think are the best use cases for crypto?

submitted by /u/sleepapneainvestor
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