Reply to post: Re: What can you spend the tokens on?

China bans cryptocurrency fundraising schemes

HamsterNet

Re: What can you spend the tokens on?

The beauty of an open blockchain is you can see exactly how many trades are occurring. 200,000 to 350,000 transactions per day. Still small compared to fiat currencies. But that is just BTX, and not including Eth, at 400k per day. Litecoin 25k per day.

Cryptonight - Unknown as it's anonymous. and many others that can all be swapped about for each other. Then cashed out back to US$ or such.

Yes, they are useful, Steam accepts them but the main reason they will not go away, is simply that they are the default currencies of modern black markets.

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