5 ms·

> good worthwhile things are being created in the cryptocurrency/blockchain space now like what?

gumby 5y ago
Aaand the answer to your completely reasonable question seems to be: <crickets>
yellowapple 5y ago
Ask the people in the developing world using it to replace their countries' failed monetary systems. Ask the people taking out loans on DeFi platforms and not needing to worry about discrimination by some bank's underwriters. Ask the working class in my country and others who want what little savings they have to have at least some chance of appreciating in value. Ask the migrant workers in my country who are now able to send money home to their families without Western Union's predatory fees. Cryptocurrency ain't perfect, but people are using it for its intended purpose, and it ain't going away anytime soon.
- panicpanicpanic 5y ago
  > Ask the people in the developing world using it to replace their countries' failed monetary systems. Where oh where is this happening? The El Salvador experiment failed: https://restofworld.org/2022/el-salvador-bitcoin/ https://restofworld.org/2022/el-salvador-bitcoin/ And I hope you don't mean millionnaires of the developing world because they're people who've escaped the rigours of being in a developing world.
  - yellowapple 5y ago
    > Where oh where is this happening? broadly gestures at Africa, Asia, Latin America, and Eastern Europe not-so-broadly gestures at Ukraine > The El Salvador experiment failed A few growing pains != "failed" And from that same site: https://restofworld.org/2022/ukraines-tech-community-rallies-to-support-refugees-and-battle-misinformation/ https://restofworld.org/2022/ukraines-tech-community-rallies... <---- Bitcoin donations serving as a critical part of the initial lifeline for Ukraine's self-defense. https://restofworld.org/2022/were-still-very-afraid-of-failure-in-latam-says-rally-caps-christine-chang/ https://restofworld.org/2022/were-still-very-afraid-of-failu... <---- It ain't just me saying that cryptocurrency is a solid bet to unshackling the Global South from the Global North's financial hegemony. https://restofworld.org/2021/stablecoins-find-a-use-case-in-africas-most-volatile-markets/ https://restofworld.org/2021/stablecoins-find-a-use-case-in-... <---- People in Nigeria using stablecoins in the midst of local currency inflation and restrictions on accessing foreign currency.

Aaand the answer to your completely reasonable question seems to be: <crickets>

Ask the people in the developing world using it to replace their countries' failed monetary systems. Ask the people taking out loans on DeFi platforms and not needing to worry about discrimination by some bank's underwriters. Ask the working class in my country and others who want what little savings they have to have at least some chance of appreciating in value. Ask the migrant workers in my country who are now able to send money home to their families without Western Union's predatory fees. Cryptocurrency ain't perfect, but people are using it for its intended purpose, and it ain't going away anytime soon.

panicpanicpanic 5y ago
> Ask the people in the developing world using it to replace their countries' failed monetary systems. Where oh where is this happening? The El Salvador experiment failed: https://restofworld.org/2022/el-salvador-bitcoin/ https://restofworld.org/2022/el-salvador-bitcoin/ And I hope you don't mean millionnaires of the developing world because they're people who've escaped the rigours of being in a developing world.
- yellowapple 5y ago
  > Where oh where is this happening? broadly gestures at Africa, Asia, Latin America, and Eastern Europe not-so-broadly gestures at Ukraine > The El Salvador experiment failed A few growing pains != "failed" And from that same site: https://restofworld.org/2022/ukraines-tech-community-rallies-to-support-refugees-and-battle-misinformation/ https://restofworld.org/2022/ukraines-tech-community-rallies... <---- Bitcoin donations serving as a critical part of the initial lifeline for Ukraine's self-defense. https://restofworld.org/2022/were-still-very-afraid-of-failure-in-latam-says-rally-caps-christine-chang/ https://restofworld.org/2022/were-still-very-afraid-of-failu... <---- It ain't just me saying that cryptocurrency is a solid bet to unshackling the Global South from the Global North's financial hegemony. https://restofworld.org/2021/stablecoins-find-a-use-case-in-africas-most-volatile-markets/ https://restofworld.org/2021/stablecoins-find-a-use-case-in-... <---- People in Nigeria using stablecoins in the midst of local currency inflation and restrictions on accessing foreign currency.