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I'm a crypto hater as much as one can be, but there are many countries in Asia and S.America where locals may not want to stick to local currency due to sky hig
by jakub_g 5y ago
I'm a crypto hater as much as one can be, but there are many countries in Asia and S.America where locals may not want to stick to local currency due to sky high inflation, and getting foreign currency is not easy or illegal, and/or making international transfer is not possible or expensive.
- hocuspocus 5y agoWhich is a political problem and has nothing to do with their banking systems. These people don't want to use Bitcoin, like they didn't want to use USD or EUR before. And using Bitcoin as a workaround against authoritarian governments sounds pretty risky to me. Everything leaves a trace on the blockchain and it's fairly easy to control (and ban) conversion to/from fiat currency. Going back to peer-to-peer barter is something, I guess, but I don't think we should celebrate that.