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I agree with this statement but the solution is not solely crypto nor does that provide any inherent value to residents outside of those nations.
by The-Bus 5y ago
I agree with this statement but the solution is not solely crypto nor does that provide any inherent value to residents outside of those nations.
- sgt101 5y agoThere does need to be a solution for countries that do this - that is to say indulge in radical devaluation; but it is clearly not BTC or ETH. It could be a properly backed and regulated crypto currency, one that also could be used without burning barrels of oil. There is no such crypto currency though, and there may never be one.
- delabay 5y agoIn aforementioned countries the established financial system becomes a tool of theft by the government. Just listen to news reports or podcasts from normal folks who have to survive under these conditions. Thought you had a dollar denominated savings account? It's Liras now. Want to withdraw your money? Limited to $40US a day. Crypto is one compelling alternative. Note, I lump a reputable USD stablecoin in here too. It's all software after all.
- specialist 5y ago> ...a tool of theft by the government. How is theft by grifters (whatever we're calling crypto-bros) better?