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Regular people in dictatorships aren't hiding money in cryptocurrency, because they don't have money to stash away, usually. The rich in those societies may be,
by ryan_lane 5y ago
Regular people in dictatorships aren't hiding money in cryptocurrency, because they don't have money to stash away, usually. The rich in those societies may be, and they're likely rich through being affiliated with the dictator.
You aren't helping liberate the poor and desperate. You're helping oligarchs hide their money from domestic or international seizure after the dictator falls, and a new government steps in.
- erulabs 5y agoI don't follow the argument: the oligarchs aren't using crypto, so using crypto helps oligarchs? If the average person, wealthy or affiliated or not, has a way of avoiding the mandated use of a fiat currency, and that pressure creates an upper and lower bound for how badly the leaders of their country can manipulate the currency supply, yes I believe that helps the poor and desperate. If part of liberty is ownership, then yes, it even helps liberate them too.