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Is there evidence of widespread use of crypto amongst non-elites? I see crypto as more of a competitor for jewelry and other fine assets traditionally used to
by numbsafari 7y ago
Is there evidence of widespread use of crypto amongst non-elites?
I see crypto as more of a competitor for jewelry and other fine assets traditionally used to expatriate familial and illicit wealth from collapsing regimes, than as a mechanism adopted by every day citizens.
For example, how exactly are Venezuelans supposed to participate in crypto when their internet and electrical grids are so unstable?
- stevenwoo 7y agoThere were several articles over the past years citing individuals in South Korea seeing bitcoin as an opportunity for a middle class life and in Eastern Europe with the same end goals. some recent updates: https://www.nytimes.com/2019/02/10/business/south-korea-bitcoin-cryptocurrencies.html https://www.nytimes.com/2019/02/10/business/south-korea-bitc... https://www.nytimes.com/2019/01/22/business/georgia-bitcoin-blockchain-bitfury.html https://www.nytimes.com/2019/01/22/business/georgia-bitcoin-...
- Lucadg 7y agoIllicit wealth in corrupt regimes may be a case of justice over law