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Tell that to the millions of people who had close to all their life savings stolen when their currency was purposely hyperinflated and the banks closed, and for
by pibechorro 5y ago
Tell that to the millions of people who had close to all their life savings stolen when their currency was purposely hyperinflated and the banks closed, and forcibly converted their money into the new worthless monopoly money of the day (Argentina is a recent example). Its impossible for the middle class to save wealth in most of the world outside of the privileged west. Crypto does fix this major issue. It puts the local economy on check, compete and do a good job or the people opt out for dog coins. If politicians, who really should be no where near the levers of the economy, perform well they have a massive advantage and should have no issue gaining the trust of the citizens, except they dont, because its mainly a way to keep the poors poor and grow wealthy by being a parasite and a whore to the wealthy who leverage policy to perpetually stay on top.