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>> Hyperinflation Human competence the main cause. >> Instant low-fee international transfers We have it already >>financial censorship Depends firstly on poli
by algerd 7y ago
>> Hyperinflation
Human competence the main cause.
>> Instant low-fee international transfers
We have it already
>>financial censorship
Depends firstly on political system. If you have undemocratic government crypto won't help you anyway, because it will be banned or controlled.
Practice is the criterion of truth. Can provide cases, when crypto solves problem better than existing instruments?
- solveit 7y agoI have to say crypto seems much easier to solve than bad politics. If you'll grant this, your argument hinges on crypto being useless under an oppressive government, because it will be controlled. I find this implausible given that no government in history has ever really succeeded in fully controlling black markets. Indeed, the trend is that the more dysfunctional the government, the more power the black markets have.