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Respectfully, pointing at the Unlock protocol and justifying it with "poor people dealing with hyperinflation" is a bit disingenuous. The unlock protocol (and,

Respectfully, pointing at the Unlock protocol and justifying it with "poor people dealing with hyperinflation" is a bit disingenuous. The unlock protocol (and, to a lesser degree, ENS) is not about or for poor people. It's for socialites in first world countries with money to burn.

rglullis 5y ago
Or for people who ate shut out from PayPal/Stripe and any possibility of doing business online. You talk about socialites, but your kind of comment is the most "let them have cake" type of mentality.
- theamk 5y ago
  Do you know of any websites which are run by people who are shut out from PayPal/Stripe, and which use cryptocurrencies? So far most crypto-related websites seem to be run by people from rich countries with full access to banking system.
  - rglullis 5y ago
    Yes. To this day if you work with marijuana dispensary you will be denied of any payment processor. Sex workers are denied credit card applications, even where prostitution is legal. There is also "not exactly blocked but so many hoops to jump that is practically as it doesn't exist" markets: try being a consultant working from South America without getting ripped off in transfer/exchange fees and ask them how many would wish that their customers paid them in crypto instead.
    - theamk 5y ago
      So, those South America consultants, why are they not using crypto right now? The tech to transfer money via crypto has been around for a long time. Could it be that crypto has a number of practical problems, so unless you are a crypto enthusiast or wanting to ~~steal~~ raise some money, traditional methods are more available?
      - rglullis 5y ago
        > So, those South America consultants, why are they not using crypto right now? Because the people on the other side of the transaction are saying "why can't I just PayPal you? Oh, it costs 8% more? Not a problem, I'd rather pay more than having to learn how to deal with crypto or worry about the tax implications from it."

rglullis 5y ago

Or for people who ate shut out from PayPal/Stripe and any possibility of doing business online. You talk about socialites, but your kind of comment is the most "let them have cake" type of mentality.

theamk 5y ago
Do you know of any websites which are run by people who are shut out from PayPal/Stripe, and which use cryptocurrencies? So far most crypto-related websites seem to be run by people from rich countries with full access to banking system.
- rglullis 5y ago
  Yes. To this day if you work with marijuana dispensary you will be denied of any payment processor. Sex workers are denied credit card applications, even where prostitution is legal. There is also "not exactly blocked but so many hoops to jump that is practically as it doesn't exist" markets: try being a consultant working from South America without getting ripped off in transfer/exchange fees and ask them how many would wish that their customers paid them in crypto instead.
  - theamk 5y ago
    So, those South America consultants, why are they not using crypto right now? The tech to transfer money via crypto has been around for a long time. Could it be that crypto has a number of practical problems, so unless you are a crypto enthusiast or wanting to ~~steal~~ raise some money, traditional methods are more available?
    - rglullis 5y ago
      > So, those South America consultants, why are they not using crypto right now? Because the people on the other side of the transaction are saying "why can't I just PayPal you? Oh, it costs 8% more? Not a problem, I'd rather pay more than having to learn how to deal with crypto or worry about the tax implications from it."