what are the main use cases of crypto:
There are 5 main use cases for around 30% or 2 billion people on earth already.
1: Inflation hedge
In countries with high inflation such as Venezuala (25,000%) or Turkey (85%), crypto is the way to survive.
2:Democratic money
Don’t want anyone to be able to control or freeze your money? Use Bitcoin.
3:Bank the unbanked
Don’t have a passport, bank account or just don’t trust banks? Just get a Bitcoin wallet and send your friends very for cheap without the need for a centralized middle man
4: Startup investing
10 years ago, it was impossible for the average person to invest in early stage startups. You needed to be an accredited investor with an income of at least $200,000 a year. However, now, anyone can invest in small startups that look promising and could deliver 100x returns within a few years
5: Company building
Don’t have money, but you have talent? 10 years ago, you needed to go to boring Angel investors who have no clue about business or tech and needed to convince them to invest into your company. Nowadays, you just need a good idea and a website and you could raise a couple of hundred thousand dollars in a week in a bull market. Now, it’s more difficult, but these times will come back.
6: Decentralized networks
You want to take on existing incumbents of your industry? Simply build a cool token model and you can incentivize ecosystem participants to share their bandwidth to fuel your video sharing, internet sharing, attention sharing economy.
7: Cloud storage
Store your data files by encrypting and distributing them into a million snippets onto 100,000 computers that can never go down or lose your data? Filecoin, STORJ, GBYTE are doing exactly that.
These are 7 strong use cases already.
There are around 100 more use cases that are currently being built, but they do need some more time, because they need billion dollar companies to adopt DLTs (decentralzied ledger technologies) into their existing infrastructures.
There are 5 main use cases for around 30% or 2 billion people on earth already.
1: Inflation hedge
In countries with high inflation such as Venezuala (25,000%) or Turkey (85%), crypto is the way to survive.
2:Democratic money
Don’t want anyone to be able to control or freeze your money? Use Bitcoin.
3:Bank the unbanked
Don’t have a passport, bank account or just don’t trust banks? Just get a Bitcoin wallet and send your friends very for cheap without the need for a centralized middle man
4: Startup investing
10 years ago, it was impossible for the average person to invest in early stage startups. You needed to be an accredited investor with an income of at least $200,000 a year. However, now, anyone can invest in small startups that look promising and could deliver 100x returns within a few years
5: Company building
Don’t have money, but you have talent? 10 years ago, you needed to go to boring Angel investors who have no clue about business or tech and needed to convince them to invest into your company. Nowadays, you just need a good idea and a website and you could raise a couple of hundred thousand dollars in a week in a bull market. Now, it’s more difficult, but these times will come back.
6: Decentralized networks
You want to take on existing incumbents of your industry? Simply build a cool token model and you can incentivize ecosystem participants to share their bandwidth to fuel your video sharing, internet sharing, attention sharing economy.
7: Cloud storage
Store your data files by encrypting and distributing them into a million snippets onto 100,000 computers that can never go down or lose your data? Filecoin, STORJ, GBYTE are doing exactly that.
These are 7 strong use cases already.
There are around 100 more use cases that are currently being built, but they do need some more time, because they need billion dollar companies to adopt DLTs (decentralzied ledger technologies) into their existing infrastructures.
what are the main use cases of crypto:
There are 5 main use cases for around 30% or 2 billion people on earth already.
1: Inflation hedge
In countries with high inflation such as Venezuala (25,000%) or Turkey (85%), crypto is the way to survive.
2:Democratic money
Don’t want anyone to be able to control or freeze your money? Use Bitcoin.
3:Bank the unbanked
Don’t have a passport, bank account or just don’t trust banks? Just get a Bitcoin wallet and send your friends very for cheap without the need for a centralized middle man
4: Startup investing
10 years ago, it was impossible for the average person to invest in early stage startups. You needed to be an accredited investor with an income of at least $200,000 a year. However, now, anyone can invest in small startups that look promising and could deliver 100x returns within a few years
5: Company building
Don’t have money, but you have talent? 10 years ago, you needed to go to boring Angel investors who have no clue about business or tech and needed to convince them to invest into your company. Nowadays, you just need a good idea and a website and you could raise a couple of hundred thousand dollars in a week in a bull market. Now, it’s more difficult, but these times will come back.
6: Decentralized networks
You want to take on existing incumbents of your industry? Simply build a cool token model and you can incentivize ecosystem participants to share their bandwidth to fuel your video sharing, internet sharing, attention sharing economy.
7: Cloud storage
Store your data files by encrypting and distributing them into a million snippets onto 100,000 computers that can never go down or lose your data? Filecoin, STORJ, GBYTE are doing exactly that.
These are 7 strong use cases already.
There are around 100 more use cases that are currently being built, but they do need some more time, because they need billion dollar companies to adopt DLTs (decentralzied ledger technologies) into their existing infrastructures.
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