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I'm not a connoisseur but your last bullet point seems strange. In order for a currency to be functional, it needs to have someone accepting it. Would a war tor

I'm not a connoisseur but your last bullet point seems strange. In order for a currency to be functional, it needs to have someone accepting it. Would a war torn country really find value in digital currency?

lawn 8y ago
So sending money to your relatives, who presumably have lost their homes and savings, isn't valuable? Sure we're not there adoption wise yet where it would help them much. The fundamental properties are there though and nothing else can claim the same.
etherael 8y ago
The more corrupt and broken a given economy is, the higher the markup for reliable crypto and (relatively reliable) foreign currencies. Rule of thumb I have almost always found to be true. Case in point, Zimbabwe just tried to ban bitcoin and now the market price there jumped by almost 5000 USD. It's hard for people who don't see the government as what it actually is, to see the value in cryptocurrencies. Some governments hide their nature better than others. For those which are very straight forward about their parasitic nature and do not make any real attempt to justify it though, people subject to them are extremely aware of the actual value of state and central bank proof currency. Inhabitants of OECD nations will at this point say "but nobody here needs that" with a straight face, unaware the US government just "lost" 21 trillion dollars. Which actually probably means worse than lost. It probably means it was illegally spent for nefarious ends. And given the foreign policy objectives of the US coupled with the "questionable partnerships" they've recently been discovered to be directly financing, that money probably has a lot of blood on it. Such is the actual naked nature of the state. It's depressing, but there's no getting around it. And that's why the world needs cryptocurrencies; to destroy them all. They are the only possible tool for that essential job.

lawn 8y ago

So sending money to your relatives, who presumably have lost their homes and savings, isn't valuable? Sure we're not there adoption wise yet where it would help them much. The fundamental properties are there though and nothing else can claim the same.

etherael 8y ago

The more corrupt and broken a given economy is, the higher the markup for reliable crypto and (relatively reliable) foreign currencies. Rule of thumb I have almost always found to be true. Case in point, Zimbabwe just tried to ban bitcoin and now the market price there jumped by almost 5000 USD. It's hard for people who don't see the government as what it actually is, to see the value in cryptocurrencies. Some governments hide their nature better than others. For those which are very straight forward about their parasitic nature and do not make any real attempt to justify it though, people subject to them are extremely aware of the actual value of state and central bank proof currency. Inhabitants of OECD nations will at this point say "but nobody here needs that" with a straight face, unaware the US government just "lost" 21 trillion dollars. Which actually probably means worse than lost. It probably means it was illegally spent for nefarious ends. And given the foreign policy objectives of the US coupled with the "questionable partnerships" they've recently been discovered to be directly financing, that money probably has a lot of blood on it. Such is the actual naked nature of the state. It's depressing, but there's no getting around it. And that's why the world needs cryptocurrencies; to destroy them all. They are the only possible tool for that essential job.