Real life utility question

[jaberwock]

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.

What about before? crypto before is also considered to as a speculative asset so nothing have changed but btc isn't based on hypes. The growth of btc is natural, people are attracted to it because of it is groundbreaking technology although hypes cant be avoided in bitcoin, one example is the recent effect of the war.

How can you say that real life use case are far when in fact it's already happening? If you want something to happen then you should act immediately, don't wait for others. What stopping this from happening is only yourself because your more on talks but less on action but anyway there's literally stopping this and that is the banning by the governments.

[D ltr]

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.

still in the stage tto of being accepted in the community because at this time crypto is still considered foreign in my area, to explain it is still difficult

[justdimin]

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.

Depends on which cryptocurrency you’re talking about, not every cryptocurrency in the market has a high use case, it is mainly Bitcoin and Ethereum dominating when it comes to use case; these two has a lot of people making use of them for transactions and also lots of stores where they are being accepted and the usage rate will continue to increase as time goes on. And sure, there are also the coins that are nothing but a speculative assets. As for those mentioning that it has something to do with regulation, think about very well, does it really have to do with that?

[Cling18]

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.

Cryptocurrency is actually functional in our daily lives but it is us humans who don't consider using and adapting it much. Most people still prefer using cash despite the existence of cryptocurrency. As for me, it only needs adoption and acceptance so more people would be able to see its worth as a currency.

[jc12345]

Crypto is pretty much still wild west. However over time the wild west will be tamed and something really strong and useful will emerge. I can already see that in the DeFi space. Compare DeFi for example with the old days 2014/15 and see the huge improvement in utility since then. There is already a lot of utility that can be obtained from blockchain technology. Several real life projects are underway utilizing derivatives of the ETH blockchain for example that includes clearing between banks and central banks.

[Ulven]

I don't think Bitcoin's use cases have been fully developed yet. I think the use cases are very limited right now. I also think that in general, it's a safe bet that it'll probably grow significantly. But I also think that Bitcoin's factoring out of some very important stuff is going to be key: privacy, anonymity, etc. It's not a crypto thing, it's really just a computer science thing.
You can use crypto in so many different contexts. As we move forward, it's going to be an even bigger deal than we can imagine now.

[bitkanu]

quite literally everything could be used for speculative asset and not just cryptocurrencies in general, even stocks are quite frequently used for speculative purpose so it depends in the people themselves, but
cryptocurrency are already having quite the use case so it doesn’t just revolves around hype although it’s irrefutable fact that some of the cryptocurrencies are just being made for speculative purpose but seeing that there exist defi and NFT that actually
have real use case, more specifically NFT that has quite the enormous use case, i could quite say that cryptocurrencies as of now, are also have utilities backing its value and not just made out of thin air, but thats just my 2 cents.

[Lanatsa]

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.

Lots of project owners together with their claims do end up on void or doesnt really happen at all or simply stayed up only as a promise but it was never been made it happen or realized thats why it is really

hard to trust up on making out some investment which i couldnt really blame out investors to have those kind of doubts and fear on doing so.Only a few could really be seen to have that real use case or application
which is beneficial to humankind and the rest are just pure bullshit kind of claims and roadmaps which it didnt really happen in the end.

[BIT-BENDER]

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.

Take for example this war period between Russia and Ukraine, where other financial transaction process failed, crypto-currency has helped thousands of people this period. Do you still think it's a speculative asset? Crypto-currency right now has nothing to prove anymore to any body.
Now where people are having issues in now when they are trying to make quick money from crypto-currency, the either invest in the wrong project or the get scammed.

[andriarto]

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.

Take for example this war period between Russia and Ukraine, where other financial transaction process failed, crypto-currency has helped thousands of people this period. Do you still think it's a speculative asset? Crypto-currency right now has nothing to prove anymore to any body.
Now where people are having issues in now when they are trying to make quick money from crypto-currency, the either invest in the wrong project or the get scammed.

for those who understand the performance of cryptocurrencies will certainly be able to see great opportunities in the future. for now crypto is not the main choice, but crypto is still a last resort, as you mentioned, where in times of war and the prohibition of swifts, crypto has a function. we can see also like in elsalvador, crypto provides a solution to a deadlock

[tygeade]

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.

What's not real here? We make money and do you think its not a real thing?
Well, if you're talking about mass adoption we are still far from that situation but right now, many are into cryptocurrency and they are actually making a lot of money. This is not just a hype, because the price drops as well and I think this is a pure good technology where people wants a decentralized system away from the government control.

Government who are against to cryptocurrency are the ones who are delaying the adoption, but technically they can't prevent this to happen in the future, adoption of cryptocurrency is inevitable.

The meaning behind it was the fact that if the only reason why you are buying a token is "it will go up in dollar price" then you are not buying something for real life utility. Obviously making more fiat is a very much real-life utility, but it is not by nature, it is just byproduct of what you are doing. Like dogecoin is a thing people made money, and that's a real utility, because you have more money now. However, do you use doge anywhere? I mean not many places accept it.

So, the approach you have is a correct one and a good one, but that doesn't mean that it is what OP meant. They meant something like using it for a good purpose that would help your life.

[FrozenBit]

The dissemination of knowledge is still just beginning, so we can't hope too much for good results. We need time for everyone to adapt to the market. But early adopters have seen and understood the potential it has for human life, or seen it as a solution and put aside the speculative hoardings of wealth, we will soon see a great era with crypto.

[kojektea]

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.

I believe that the difficulty of cryptocurrency itself being used in everyday life is its fluctuating price.
Indeed to prove that cryptocurrencies can be used in real life is almost impossible even when having
a real project like VR/AR but I believe their tokens are useless in real life.
Even in payment projects that usually rely on their tokens for transactions on their payment platforms,
they cannot be used to buy real goods due to their volatile prices.
Here, I conclude that cryptocurrencies can be published as assets that
are invested for short or long term only, not for use in everyday life, such as buying rice or bread.

[GeorgeJohn]

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.

Cryptocurrency have it's own ways of regulations and it determine by itself, world cant determine regulations to cryptocurrency especially bitcoin, while it can't be regulated is because of it's decentralized net worth, the things that can be regulated is the centralized fiat but in the aspect of bitcoin i dont think it will ever be regulated until it's life existence, because from it's establishment it never be review via how it comes into existence to anyone, people embrace cryptocurrency especially bitcoin according to you base on it doesn't been controlled by government.

[AzamNurWahid]

to be able to use crypto currency, each user must use the same crypto currency as a tool to buy. indeed crypto currency can not be fully used in everyday life. but blockchain technology in cryptocurrencies is already in common use

[Pasa32]

What is the main purpose of Cryptocurrency? A decentralized currency that can be used anywhere at any time. So why should it be real currency? The main purpose of BTC & other currencies is it doesn't depend on any single one. It depends on whole crypto holders.

[riskarcher]

The sector that uses crypto as a use case is still lacking, because only sectors that work together with certain developers are involved in using the crypto function, but for real life crypto based on NFT and Defi it has been enabled using a structured blockchain system, it just takes time to maximize crypto function

[GeorgeJohn]

to be able to use crypto currency, each user must use the same crypto currency as a tool to buy. indeed crypto currency can not be fully used in everyday life. but blockchain technology in cryptocurrencies is already in common use

That's assumptions, because when bitcoin was created or established newly their was enough scandal's which nearly destroy Bitcoin reputation not to dominate the world, but after some intervals of time Bitcoin started escalating to higher frequency, Bitcoin existence is not up to twenty (20) years now, but it influence want to take over Fiat currency influence, saying Bitcoin can't be use for everyday life, i may say is under probability or probation, because bitcoin is turning to something else, which in subsequent time it can be use for everyday activities base on it value and influence over the world.

[TheGreatPython]

Cryptocurrency have it's own ways of regulations and it determine by itself, world cant determine regulations to cryptocurrency especially bitcoin, while it can't be regulated is because of it's decentralized net worth, the things that can be regulated is the centralized fiat but in the aspect of bitcoin i dont think it will ever be regulated until it's life existence, because from it's establishment it never be review via how it comes into existence to anyone, people embrace cryptocurrency especially bitcoin according to you base on it doesn't been controlled by government.

It can basically be regulated in the sense that what you do with it can be regulated, and nothing more. People are mistaking what decentralization means for the past month because of this war. Decentralization doesn't mean just "without ownership", it just means without breaking the chain itself and changing the rules.

Like let's assume satoshi came back, and he is somehow evil, and tries to destroy bitcoin, even he can't do that, but he can definitely talk badly about it and drop the price and suddenly people will imagine it is not decentralized because satoshi dropped the price. That is not decentralization, I always give the same example, if there are 21 million max bitcoins that will ever exist, if nobody can turn that into 210 million, that is decentralized.

[coin-investor]

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.

We are in a period that a token has a purpose to gain support and investor, it can't just exist because it's a fork of these tokens or coin investors will look for usage and purpose, investors are losing from the pump and dump coins, yet developers keep creating speculative coins the only way to stop this is to stop and ignoring these kinds of coins if no one will invest no developers will create.