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I see this pro crypto argument by disfuctional states a lot. But is there sufficient infrastructure to use crypto in disfuctional state? If you want to be cashl
by severak_cz 5y ago
I see this pro crypto argument by disfuctional states a lot. But is there sufficient infrastructure to use crypto in disfuctional state? If you want to be cashless you need a lot of infrastructure around you...
- oblio 5y agoAnd you quite very likely need to be willing to break the law, as most countries only recognize/accept payments in local currencies.
- thebean11 5y agoWhat infrastructure? The sender and receiver need smartphones.
- maxbond 5y agoThe same argument can be made here. "You're speaking from a place of infrastructure privilege. Not everyone can afford smartphones. Not everyone has reliable access to electricity. Not everyone has reliable access to internet." (I'd like to clarify I'm pointing out that this argument can be made, I'm not actually claiming to be familiar with anyone's circumstances or privileges.)
- thebean11 5y agoThat's true. I'm not an expert, my guess though would be that more people have access to smartphones with a network connection than have access to a good banking system with stable currency.
- csomar 5y agoA smartphone is no longer a privilege. > In 2022, the number of smartphone users in the world today is 6.648 Billion, which translates to 83.89% of the world's population owning a smartphone. In total, the number of people that own a smart and feature phone is 7.26 Billion, making up 91.62% of the world's population.
- csomar 5y ago> But is there sufficient infrastructure to use crypto in disfuctional state? No, but it's better than the infrastructure in their countries.