4 ms·

Couldn't get started on what? The point of cryptocurrencies wasn't to make people rich. Anyone can buy in at market value and start using coins for their store

Couldn't get started on what? The point of cryptocurrencies wasn't to make people rich. Anyone can buy in at market value and start using coins for their stored value. That is the point. Your anger in the fact that crypto didn't magically create money where there was none before is misplaced. Really poor individuals from poor, economically wrecked countries had quite a lot to gain from the accessibility of cryptocurrency. Look at Venezela's attitude towards Bitcoin.

lostjohnny 8y ago
> Couldn't get started on what? On owning them. > Anyone can buy in at market value and start using coins for their stored value Not everybody can, that's the point. Almost nobody can, expanding the first point. It's not really a democratic and open process. It involves a lot of prerequisites that are usually not met by the general population. > Look at Venezela's attitude towards Bitcoin. You mean Maduro's? AFAIK Maduro made bitcoin mining illegal in Venezuela and arrested more than a few miners. Or do you mean the Petro Coin (a total scam currency) that Maduro tried to force down Venezuelan's throats?
- kakarot 8y ago
  > Almost nobody can, expanding the first point. Now expand on this point. What about crypto is preventing people from owning some that isn't also preventing them from owning regular money? > You mean Maduro's? It's pedantic to differentiate between a State and its actors when discussing policy like this. I mean Venezuela. I'm talking the Petro Coin, the raids, everything. The whole policy was a response to fears of increased economic freedom for Venezuela's poorest citizens at a time when the government was trying to offload the pain of its bad economic decisions onto them.
  - lostjohnny 8y ago
    > The whole policy was a response to fears of increased economic freedom for Venezuela's poorest No, it was a scam.

lostjohnny 8y ago

> Couldn't get started on what? On owning them. > Anyone can buy in at market value and start using coins for their stored value Not everybody can, that's the point. Almost nobody can, expanding the first point. It's not really a democratic and open process. It involves a lot of prerequisites that are usually not met by the general population. > Look at Venezela's attitude towards Bitcoin. You mean Maduro's? AFAIK Maduro made bitcoin mining illegal in Venezuela and arrested more than a few miners. Or do you mean the Petro Coin (a total scam currency) that Maduro tried to force down Venezuelan's throats?

kakarot 8y ago
> Almost nobody can, expanding the first point. Now expand on this point. What about crypto is preventing people from owning some that isn't also preventing them from owning regular money? > You mean Maduro's? It's pedantic to differentiate between a State and its actors when discussing policy like this. I mean Venezuela. I'm talking the Petro Coin, the raids, everything. The whole policy was a response to fears of increased economic freedom for Venezuela's poorest citizens at a time when the government was trying to offload the pain of its bad economic decisions onto them.
- lostjohnny 8y ago
  > The whole policy was a response to fears of increased economic freedom for Venezuela's poorest No, it was a scam.