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this post was submitted on 05 Oct 2024
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Yeah, buying medication is literally the only good use-case for cryptocurrencies, but it still is a valid and important use-case that saves lives!
there are some other use cases tho, just imagine the bank would give your payment info to insurance companies for example (which they could), the only way to pay would be cash and crypto
That would be a very severe violation of the GDPR and whatever bank-privacy laws are in place. On top of that, which insurance would even be affected by it? I don’t own a car, health insurance comes at non-discriminatory rates here and why would my liability insurance be affected by what I buy? Like: It’s genuinely a non-issue here.
And even if, cash is still a much better option for everything.
I more meant to say what if, and in case that ever happens we should keep crypto around, also cash is just impractical for ordering something online for example