Real life utility question

[7deadlyBTCIN]

Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.

[DevFile90]

Crypto needs real-world regulations to get to that stage in our world but still I doubt it will happen, BTC for example is a decentralized crypto project that is why I feel like crypto purpose was to stay hidden and private in the first place and since centralized power rule the world people aren't ready to embrace crypto fully in the open but only in private.

[Marvelman]

Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.

Probably, but I don't think it's going to take off in one fell swoop. I think it's going to be a lot of different things. It's going to be a lot of different use cases, both on the consumer side and the business side.

Crypto already has real life use cases. I just think those are largely in the early stages and crypto hasn't really reached its full potential as a store of value or transfer of value. Bitcoin really only has two applications in the real world: it's a payment system or a speculative investment. Most people, though, aren't paying for things with bitcoin. I think that's something that's going to be a huge growth driver for the industry and the protocol.

I think the real movement is going to be around the lower and middle classes of the world who aren't super wealthy but they want to participate in the growth of crypto.

[Reid]

Is it crypto which is the problem or is it human? Stable coins was created and those can be used by merchants if they want although I don't recommend it for personal reasons. But it is there. It's 1:1. So they won't have any problem with volatility but we don't see much merchants who post signs of "USDT accepted here". In my experience, I haven't seen one.
So, I have a feeling it's not crypto that is the problem but the courage to use it despite the volatility.

[Javi_Anibarro]

In some places, crypto already has its real life use case but in the majority, it is not. What is stopping Crypto from its real life use case is regulation, as of now many people see it as a speculative object. They claimed it can endanger a country's economy and bring instability to the system if it can be used as a real object under regulation.
I bet it will keep like this until virtual reality comes up and becomes a thing, since virtual reality requires a digital currency and they are forced to make a regulation that fits the era.

It is just a guess but who knows what might happen in the future.

[Gozie51]

Crypto needs real-world regulations to get to that stage in our world but still I doubt it will happen, BTC for example is a decentralized crypto project that is why I feel like crypto purpose was to stay hidden and private in the first place and since centralized power rule the world people aren't ready to embrace crypto fully in the open but only in private.

I think the paradigm is shifting already that bitcoin is taking the center stage with the recent awareness and use of bitcoin as an asset and flow of financial exchange.
But bitcoin is not privately used because it is openn source through the blockchain.

[jrrsparkles]

Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.

It is happening gradually and may need few decades to become completely accepted, look Ukraine government itself is asking the donations in the cryptocurrencies which is a real life use case right but for individual it is still speculative asset and it may be like that for very long time.

[kentrolla]

It's the fluctuations stopping users to adopt crypto for real life purpose, due to volatility either the sender will regret if the value increases while the transaction is processing or just after the transaction or the receiver will be in loss of the value dumps once it's received or before he/she could convert it into stable coin. There is an Altcoin named Utrust who claimed to convert the payment and transfer it to receiver's bank account in their fiat for transaction made through crypto but the project didn't get the desired result and if they are succesful in doing that in future or if any other altcoins or new projects provides this feature then this issue will be resolved to an extend but they might have to go through regulators.

[StarKay]

Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.

Cryptocurrency for now is mostly speculative because most coins and tokens don't have real life use case but we're getting into a transition period with game based tokens and well funded crypto project that are gradually having real life use case. I still consider cryptocurrency as being in its early stages.

[mindrust]

Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.

The answer of this question changes for everybody tbh. If you use crypto only to buy & sell, then its a speculative asset for YOU. If you have a business that accepts crypto payments, then it is solving a real life problem for you business. Most people use it as a speculative asset and that's true but there are also some people built their businesses completely on crypto. Right now the Russians are probably benefiting from crypto a lot since no international banks are serving them anymore.

[clarkt]

I believe cryptocurrency is been adopted gradually. Bitcoin is one of the most trusted payment platform across the globe. Even in some very tough regime, bitcoin have been able to surpass restriction and ban! Ethereum is another altcoin with massive defi users and defi has been very successful on ethereum with blue chip ethereum token like Aaeve, compound etc! So, the question of real life use has been very much answered!

[isaac_clarke22]

~

People are just running out of ideas right now and they're basically doing the same thing all over again. It doesn't happen just in crypto to be honest. I would be a little bit off topic in this example but look around your area if the local fast foods or even coffee shop are uniquely different from each other.
In my experience, they're still all the same with just a different logo and name. Same goes with the project these days, and worse is that some are even copy-pasting WPs of other projects.

[Zotak337]

Year's ago 60% of the world don't give a f*** about Bitcoin existence until things started changing gradually to me bitcoin has died several times already and still standing strong we don't need to rush everything out.

[livingfree]

Is crypto now more than a speculative asset or just the same old thing based on hypes only because it seems like real life use case is far from crypto

Ever since.

Crypto has always been a speculative asset and that's why everyone gives their own analysis and prediction on how it will look like in the future especially for the specific cryptocurrencies.

The real use case should be it's applicable as a payment or what has been said on its whitepaper.

we want it to happen for real but it's really not happening, what is stopping this from happening already.

It is happening but not for all the cryptos. You look at the top in the market and most of them are being used as is.

[ije07]

Crypto is currently just an asset for commodities, but there are some crypto projects that we can actually use in our lives and can be a substitute for currency for payments, but all this is only true in some countries that allow Crypto as a means of payment, so we better follow current what is happening in crypto so it doesn't interfere with our real life.

[trendcoin]

We need radical changes for cryptocurrencies to be used in real life (It's not an easy thing). There are two ways for this to happen. Authorities will impose this change through laws or compelling natural needs will push people to this change. Governments/authorities are not positive towards cryptocurrencies (except El Salvador). Therefore, imperative natural needs can be decisive. For example, the Pandemic restricted the use of paper and coins (risk of contamination). For example, global inflation limited the trend towards fiat currencies. Mandatory natural needs will eventually push people to use cryptocurrencies. We just need some time. Remember, we are early cryptocurrency adopters.

[isaac_clarke22]

~

Well El Salvador news was one hell of an adoption of crypto especially Bitcoin. There are some authorities that are still neutral to it and pretty much they're not "fully" against it, but are looking for ways to regulate it therefore putting a tax into it as well which sucks for some.
This pandemic somehow made some think about crypto but it was the exact time when NFTs were now a thing.

[Captain Corporate]

 Why do people insist that a "usecase" or "utility" couldn't be just purely digital. Like for example DeFi is purely digital, and you do not use UNI or Cake to buy something and all, those are just regular tokens. However defi allows people to trade without needing a central exchange and while the people who trade still pay a fee, this time it doesn't go to exchanges but go to regular people like you and me who stake that token. Which is why that is a utility, it actually means something and everyone makes money there and there is a reason for it to exist without using it on real life. So do not look for reasons to use something in real life alone, if that happens then thats great but if not then it can be used in crypto world as well.

[JeffBrad12]

Is crypto now more than a speculative asset or

It's speculative but it's not only just a speculative asset and it's more than it.

just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.

What do you mean by old? So what's real-life use case what are you looking for? You can use crypto to buy a tank to be used in your real life. You can buy a plane using crypto as well or even buy a train if you want. What you are talking about was totally a nonsense thing. Crypto can be useful in digital or real-life depending on what use case you are looking for. If you wanna buy some toilet papers and just sold some crypto and then you will get it.
Why are you always wanna seeing the real use case while people have been using crypto for various things in their life like funding your life with crypto?

[CaVO32]

Is crypto now more than a speculative asset or

It's speculative but it's not only just a speculative asset and it's more than it.

just the same old thing based on hypes only because it seems like real life use case is far from crypto, we want it to happen for real but it's really not happening, what is stopping this from happening already.

What do you mean by old? So what's real-life use case what are you looking for? You can use crypto to buy a tank to be used in your real life. You can buy a plane using crypto as well or even buy a train if you want. What you are talking about was totally a nonsense thing. Crypto can be useful in digital or real-life depending on what use case you are looking for. If you wanna buy some toilet papers and just sold some crypto and then you will get it.
Why are you always wanna seeing the real use case while people have been using crypto for various things in their life like funding your life with crypto?

Crypto has been existing now not only because of hype but some of them have actual usage in the market. Businesses are using some of these networks within their financial system already, aside from the top choice which is still bitcoin, because of its popularity. Though crypto still remain to have the speculative factor in it, but it already evolves to something more than being a speculative asset. Just look at how many merchants or shops that are already accepting crypto in their payment system? There may be he hype but it is mostly true in new category of projects like the meme and defi.