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https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetis... Is a major reason why Indians
by sn_master 6y ago
https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetis...
Is a major reason why Indians should trust crypto more. The government can't just make their crypto worthless literally overnight.
- thevardanian 6y agoThat's also an argument for why the government should support btc/blockchain technologies, instead of banning it. Transactions can be open for everyone to see, and therefore easier to audit/account for unaccounted cash and if they're being used or not.
- sn_master 6y agoyes, except for when it's fraud to hide illegal government trades. https://www.wired.co.uk/article/venezuela-petro-cryptocurrency-bolivar-scam https://www.wired.co.uk/article/venezuela-petro-cryptocurren...