Cryptocurrency is: * Resistant to government censorship: Short of total firewalling and mass whitelisting of all IP packets and blacklisting all encrypted traff

Cryptocurrency is: * Resistant to government censorship: Short of total firewalling and mass whitelisting of all IP packets and blacklisting all encrypted traffic, governments have difficulty controlling transfers. * Resistant to capital controls: Centralized banking can prevent you from using your money. The Federal Reserve reduced the reserve requirement to zero and cut interest rates to zero on March 15th. The FDIC released a PSA video advising people not to withdraw their money from banks. In June 2015 Greece closed its banks for almost 20 days and limited cash withdrawals to 60 euro. With cryptocurrency there is no bank to close, no authority to enforce withdrawal limits. * Deflationary, not inflationary: Cryptocurrencies are all different, but Bitcoin for example has a strict upper ceiling on the number of bitcoins that will ever be produced and 85% of that supply has already been produced. Meanwhile the Federal Reserve is pumping billions of dollars into banks by buying their bonds and securities and is speculating about expanding its purchasing. Venezuela has had issues with inflation and hyperinflation due to excessive production of currency and deficit spending. They even launched their own cryptocurrency in an attempt to have a commodity-backed and more stable currency, which flopped because it was still under central control of the Venezuelan government for which there was little trust and apparently it was a scheme to avoid sanctions, which is laughable because... * Resistant to Sanction: Venezuela could just start selling its oil for Bitcoin directly, obtaining a reserve of uncensorable value that it could use to regain its economic strength. In fact it is attempting this, which is underreported. Sanctions are economic warfare which harm the poorest members of a nation the most. Whether you think a nations' leaders are criminals or not, do the people deserve to suffer at the hands of the world's markets directed by the economic juggernaut and political interest of the U.S.A.? * Low Fee Remittances: Using cryptocurrencies, people can easily send money across borders to family and dependents. If someone working in the U.S.A. wants to send, by Western Union, $200, or about a months' wages MXN, they pay a fee of $5-7, which is approximately the minimum DAILY wage in Mexico. Transfer in bitcoin, the transaction fee is about $1. If you have to also purchase your bitcoins (instead of receiving them directly as wages) the fee goes up to about $4. * Automated Finance: On Ethereum you can earn 4% interest on your deposit with the Dai Savings Rate. Other protocols offer up to 10% or more for lending cryptocurrency to others who take small loans, all with no middleman other than an automated contract. No loan application, no credit check, no redlining. This is a huge silent movement for microfinancing and is growing at a steady rate, granting underserved populations access to financial services. And what's the best rate you can get from a centralized bank? 1.7% and likely to drop in the coming months. So there are some arguments.