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Patrick McKenzie is fortunate enough to not be born in a country that is currently suffering from hyper-inflation neither is he living under a dictatorship that
by sp4ke 9y ago
Patrick McKenzie is fortunate enough to not be born in a country that is currently suffering from hyper-inflation neither is he living under a dictatorship that is putting capital controls and deciding how he should use his hard earned money .... yet :)
In other words, "the rest of us" of Patrick's folks do not represent the people for whom crypto is a necessity and not a luxury. So if money is already working for you, keep using it and ignore this fad
- dullgiulio 9y agoYeah but when that happens you probably look for weapons, not GPUs :)
- TeMPOraL 9y agoCivil war of the future: everyone already having GPUs for cryptocoins, the resistance will offer "Freedom Coins" in exchange for lending compute via mesh networks for purpose of guiding DIY drones and missiles.
- testvox 9y agoSure but how do you afford the weapons? https://www.theatlantic.com/magazine/archive/2017/09/big-in-venezuela/534177/ https://www.theatlantic.com/magazine/archive/2017/09/big-in-...
- _Codemonkeyism 9y agoHow would a dictatorship allow stores to accept Bitcoin? If you order from abroad, how would a dictatorship not open and track parcels? You can use Bitcoins on a black market for illegal goods in a dictatorship, as you can use Bitcoins for illegal goods in a democracy.
- marcosdumay 9y agoDo you know what we did here in Brazil during our hyperinflation? We traded in Dollars. Do you know what people are doing in Venezuela right now? They are trading in Dollars, Peruvian Pesos and Brazilian Reals. I bet Chinese people are also using Dollars to evade their capital controls.