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Show me one instance of an underbanked person who achieved a line of credit thanks to cryptocurrency. Just one, please. That's right, they don't exist, and thi
by urethrafranklin 9y ago
Show me one instance of an underbanked person who achieved a line of credit thanks to cryptocurrency. Just one, please.
That's right, they don't exist, and this argument is bullshit.
- ryanlol 9y agoI don't really have any bank accounts right now and pay my credit card bills with bitcoin. I guess I might be that person then? Although, I've pretty much always been paid in cryptocurrencies so my situation is rather unique.
- urethrafranklin 9y agoYou have access to banks, you just choose not to use them. And you have a government identity and a credit history that you used to obtain your credit card. You aren't remotely close to the hypothetical character the OP described.
- kbhn 9y ago> Just one, I fucking dare you. This comment doesn't seem to jive the spirit of Hacker News. If the poster you're replying to has a valid counter-argument you can expect him to provide it; there's no need to...threaten them to reply? Machismo is one of the least beneficial things you could contribute to this site.
- QML 9y agoI never said line of credit. I was making the point that cryptocurrencies offer another means of payment and medium of exchange that is not as restrictive as a credit card. Here’s two articles that show they actually help the underbanked: [1] http://www.coindesk.com/united-nations-sends-aid-to-10000-syrian-refugees-using-ethereum-blockchain/ http://www.coindesk.com/united-nations-sends-aid-to-10000-sy... [2] https://www.bloomberg.com/news/articles/2017-06-13/pot-entrepreneurs-look-to-bitcoin-as-big-banks-stay-on-sidelines https://www.bloomberg.com/news/articles/2017-06-13/pot-entre...