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The problem that it is solving is censorship resistant financial transactions. Perhaps that is not a problem you have to deal with in your life, and that would
by stale2002 8y ago
The problem that it is solving is censorship resistant financial transactions.
Perhaps that is not a problem you have to deal with in your life, and that would make you fortunate.
But there are literally billions of people in the world who live under authoritarian regimes.
And so far, we have yet to see any successful attempt by any government to engage in market wide censorship of these financial transactions.
Someone will inevitably claim that shutting all this down is easy, and yet it hasn't happened yet, so the real life facts prove them wrong.
- jeletonskelly 8y agoHow are people in these repressed regimes supposed to buy bitcoin then?
- stale2002 8y agoThese people already do so now. They exchange good and services or other forms of money, in exchange for someone sending crypto to their crypto wallet. Many people in repressed countries like China and Venezuela are already able to aquire crypto. People in China are among the largest holders of crypto, actually. This is not some hypothetical question. We can observe the answer to your question, right now, through the people that are using it.