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You are right, I am in country where there are enforceable laws and regulations. Maybe some developing countries can skip some of the legal and regulatory infra
by bob33212 5y ago
You are right, I am in country where there are enforceable laws and regulations. Maybe some developing countries can skip some of the legal and regulatory infrastructure and use software to solve those problems, similarly to how those countries skipped the wired telephone infrastructure and went directly to cell phones.
- yourabstraction 5y agoSpot on with the analogy of leapfrogging the land line technology. Also, just because you live in a country of law and order doesn't mean crypto doesn't have value there. Imagine missing the value proposition of the internet when it came out because you felt you lived in a country where you could trust the publishing and news industries to provide you with the best information! Just as the internet unchained information from government and industry powers, cryptocurrency breaks the world of finance out of institutional control. This has the massive benefit of allowing bottom-up innovation, which is extremely valuable no matter which country you live in.