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> My best friend is Venezuelan and I assure you there are real humans in the world who get real value from a stable digital form of currency that doesn't requir
by rualca 5y ago
> My best friend is Venezuelan and I assure you there are real humans in the world who get real value from a stable digital form of currency that doesn't require a central bank account.
I have friends living in Venezuela, and one of them had to receive medical treatment that he could only afford thanks to a crypto transaction.
Yet, I assure you that crypto was completely irrelevant in that equation. Crypto's only role was ensuring a way for medical professionals in Venezuela to be paid through means other than domestic transactions and out of Venezuela regime's radar. This time around it was crypto, but it could as easily be a transfer to an offshore account. The end goal is the same.
And let's not fool ourselves into believing that people are in crypto to pay doctors.
- MathYouF 5y agoMost aren't able to get foreign bank accounts in which to store their money. If it was easier to do that your friend would've done it. And I'm under no delusions that much of the crypto market isn't more than a glorified ponzi scheme, my post acknowledges that.