Maria Konner
1 min readJan 18, 2023

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Thanks for the thoughts. I was looking for something new in addition to what I listed that would be really compelling perhaps:

-Bitcoin provides the opportunity for people without access to banking to be their personal bank.

- Bitcoin provides an option for people in countries with runaway inflation - maybe, but Bitcoin is so volatile, not clear if this is of value relative to other options. But I did recently hear the use case where you want to store money safely if you live in a country where the corrupt government or banks might confiscate or freeze your cash.

Most of these other items I can do with Venmo, or PayPal for free. With Bitcoin I could set it all up myself and not relay on Venmo or PayPal, but that's a real hassle and a result people end up using a crypto exchange, which as we know are losing their credibility with all the fraud.

The issues with inflation, money supply are dubious considering again the volatility, and fraud. And i've already taken into account the ability to make money by basically gambling that bitcoin will go up (I referred to it as a Ponzi Scheme).

A lot of benefits of Bitcoin / crypto are theoretical, and if you take into account all the alternatives, risks, complexity, the clamping down by various governments on plugging holes in tax avoidance, and other illegal activities, I'm not seeing a strong use case other than illegal activity, gambling, and providing stability in corrupt countries.

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Maria Konner
Maria Konner

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