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The bottom line is that blockchain token technology is not a fit for the problem of 3rd world banking and hyperinflation, it is stunningly out of touch to sugge

The bottom line is that blockchain token technology is not a fit for the problem of 3rd world banking and hyperinflation, it is stunningly out of touch to suggest that crpyo-tokens are having any significant impact on the ground in these places.

scythe 9y ago
You don't know anything about the bottom line. I made claims about the potential for use, not that it was actually used. You seem to be operating on the assumption that third world = mud huts and subsistence farming, which is very untrue.
- root_axis 9y ago
  > You don't know anything about the bottom line. I'm unsure what you mean by this. "The bottom line" is just a manner of expression. > I made claims about the potential for use, not that it was actually used And I stated why I believe this to be a dubious claim; crypto-tokens are totally impractical. Your allusion to advancements in medicine and internet connectivity is a red herring argument that hand waves away the reality of using crypo-tokens in the real world. > You seem to be operating on the assumption that third world = mud huts and subsistence farming, which is very untrue. Wow. I illustrated concerns surrounding limited accessibility to internet in the developing world and you disingenuously twisted it into an insult to the citizens of the developing world. You don't even have to venture into a 3rd world country to see the impracticality of crypo-tokens in the real world, they're barley usable even in the developed world, and at the first sign of trouble they are useless, e.g. see how far crypo-tokens take you on the ground in Puerto Rico. Jumbling around private keys, trying to coordinate meet-ups to trade crypto for money, managing all the technical issues surrounding wallet management, insane volatility, transaction fees, the concept of confirmations, client versioning, security best practices, staying abreast of blockchain politics surrounding forks and protocol changes that impact security, price, usability... it's a quagmire of impracticality.
  - dorgo 9y ago
    atm yes. First computers were huge, slow and impractical too.
    - root_axis 9y ago
      > First computers were huge, slow and impractical too. So what? Every technology starts off slow and impractical including the ones that fail.

scythe 9y ago

You don't know anything about the bottom line. I made claims about the potential for use, not that it was actually used. You seem to be operating on the assumption that third world = mud huts and subsistence farming, which is very untrue.

root_axis 9y ago
> You don't know anything about the bottom line. I'm unsure what you mean by this. "The bottom line" is just a manner of expression. > I made claims about the potential for use, not that it was actually used And I stated why I believe this to be a dubious claim; crypto-tokens are totally impractical. Your allusion to advancements in medicine and internet connectivity is a red herring argument that hand waves away the reality of using crypo-tokens in the real world. > You seem to be operating on the assumption that third world = mud huts and subsistence farming, which is very untrue. Wow. I illustrated concerns surrounding limited accessibility to internet in the developing world and you disingenuously twisted it into an insult to the citizens of the developing world. You don't even have to venture into a 3rd world country to see the impracticality of crypo-tokens in the real world, they're barley usable even in the developed world, and at the first sign of trouble they are useless, e.g. see how far crypo-tokens take you on the ground in Puerto Rico. Jumbling around private keys, trying to coordinate meet-ups to trade crypto for money, managing all the technical issues surrounding wallet management, insane volatility, transaction fees, the concept of confirmations, client versioning, security best practices, staying abreast of blockchain politics surrounding forks and protocol changes that impact security, price, usability... it's a quagmire of impracticality.
- dorgo 9y ago
  atm yes. First computers were huge, slow and impractical too.
  - root_axis 9y ago
    > First computers were huge, slow and impractical too. So what? Every technology starts off slow and impractical including the ones that fail.