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If crypto has not came out as mainstream for everyday transaction s in this scenario doubt will ever happen
by fbn79 6y ago
If crypto has not came out as mainstream for everyday transaction s in this scenario doubt will ever happen
- ZoomerCretin 6y agoTo be fair, electricity is unreliable there.
- maxerickson 6y agoIn addition to operational difficulties, there's a bootstrap problem. You can't pay with with a currency you don't have any of.
- lucb1e 6y agoWhy would that be, they can just buy it like anyone else? Buy it for today's exchange rates, hold it for how long you want, and convert then it back to pay the local bakery at any future date. (Just like if they'd buy Euros or USD, I should add. Not as if this is a good reason for Bitcoin to continue existing.)
- maxerickson 6y agoBuy it from who? Is there someone with a big pile of bitcoin (or whichever) and a huge desire for worthless paper?
- kemonocode 6y agoYou'd be selling crypto at a very beneficial rate for you and if you need to make sizable transactions in "worthless paper" within a fast enough timeframe anyway, it works out.
- maxerickson 6y agoRight, but some transactions being plausible is a different scenario than bootstrapping widespread use.
- leereeves 6y ago> a growing number of dollar transactions, kick-started by rolling power outages that prevented credit and debit card purchases and fostered the use of cash