4 ms·
> Maybe it's out of necessity as well since there isn't a vast source of wealth available to fund these crazy, new ideas. I think it's more out of necessity be
by FussyZeus 9y ago
> Maybe it's out of necessity as well since there isn't a vast source of wealth available to fund these crazy, new ideas.
I think it's more out of necessity because of the lack of the comprehensive and (relatively) solid way that you can litigate in the USA and European Union when business dealings go south. Capitalism in the East and the Soviet Bloc countries is improving their lives but it's also shockingly unregulated, arguably similar to the US in the roaring 20's. Back then that meant contracts were enforced at the barrel of a gun, but while the contractual law litigation doesn't work well in those countries, they can handle murderers pretty well so instead they find the cryptocurrencies attractive because it gives them options to protect their assets in a way that is immune to violence or petty theft.
At least that's my 0.02.