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> Can we please stop banging on with this trope that BTC is somehow the magic savior of poor people in oppressive regimes? I never said it would be a magic sav
by bko 5y ago
> Can we please stop banging on with this trope that BTC is somehow the magic savior of poor people in oppressive regimes?
I never said it would be a magic savior. I said its a good option for people that aren't legally allowed to hold a currency outside of their own country's depreciating currency.
> Please try to look out of your western high-earner bubble and see that the majority of poor people in countries like Argentina, Afganistan, Zimbabwe, Venezuela, Cuba, etc. that suffer from that rampant inflation have not enough money and assets to buy into the bitcoin ecosystem and make it work on a daily basis.
No one is forcing them to use crypto. I would like it to remain an option, even if they have to buy locally. You're the one that's in a high-earner bubble thinking they can just go down the street and open up a US denominated free checking account.
> Again, in those countries, only the corrupt rich benefit form this new digital money laundering, tax evasion feature of BTC, as the average Joe there can't afford the $26(??) transaction fee every step of the way when that's the cost of their family groceries for a month.
There are cheaper ways to acquire crypto and there are also stable coins. But it doesn't sound like you're interested in that. If it really costs $26 then obviously that might be too expensive, or maybe not considering sending money through Western Union is often times more expensive.
> Everyone in those countries with failed currencies use stable fiat like USD or EUR to fend off inflation, not BTC.
In Zimbabwe and Argentina and many other countries with capital controls, it's illegal to hold USD or other foreign currencies.
> But do YOU live in an authoritarian regime? Or are you blowing smoke based on how you imagine life is in those countries from your cushy western perspective and stuff you read on reddit? Because I spent my childhood in a broke totalitarian regime.
No I don't. But I'm not the one that wants to restrict what people in poor countries can or can't do with their money. That's you.
[0] https://www.aljazeera.com/economy/2019/6/25/zimbabwe-outlaws-use-of-us-dollar-and-other-foreign-currencies https://www.aljazeera.com/economy/2019/6/25/zimbabwe-outlaws...
- ChuckNorris89 5y ago>But I'm not the one that wants to restrict what people in poor countries can or can't do with their money. That's you. Sorry, but if you're gonna make false accusations about me and put words in my mouth, i will end the conversation here and never reply to you again. Good day sir.