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> 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 exper
by panicpanicpanic 4y 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 4y 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.