Why does crypto have to be more beneficial than credit cards to count as a real world use case?
Because if you want people to switch from credit/debit/paypal to crypto, the idea is that it needs to offer some tangible benefit.
There are people in the US who cannot get a credit card easily.
Yes. Debit or Paypal can be used then. The only clear benefit I see from crypto are people who are completely unable to get ANY bank account. But still with crypto, you need a way to purchase it. Not easy without a bank account, but possible if you can find a way to buy it with cash.
>>Because if you want people to switch from credit/debit/paypal to crypto,
This seems to be the crux of our conversation. I _don't_ want people to switch unless they're ready to take the risks. Crypto is still in its infancy, is definitely not ready for mass market. But I don't think that means we should totally give up on it either.
I see it sorta like the stock market. Picking stocks is (more)risky, so I stick to index funds. Sometimes I'll throw some beer money at a 'pick' I like, but that's the extent of it. (still salty I missed AMAT at $110 because 'wire transfer')
Crypto is the same way - sometimes I throw some beer money at it. I'm not claiming it's right for everyone, or the be-all-end-all. Just that its worth exploring.
P.S. - I was a Paypal 'early adopter', worst experience of my life. They still have $200 of my money, because at the time they had no way of dealing if your email account went away. I guess its gotten better since then.
Because if you want people to switch from credit/debit/paypal to crypto, the idea is that it needs to offer some tangible benefit.
There are people in the US who cannot get a credit card easily.
Yes. Debit or Paypal can be used then. The only clear benefit I see from crypto are people who are completely unable to get ANY bank account. But still with crypto, you need a way to purchase it. Not easy without a bank account, but possible if you can find a way to buy it with cash.