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Ask ordinary people in developing country, and you will know, why they need decentralized money. In short, their government is corrupted, and they can't trust
by simne 5y ago
Ask ordinary people in developing country, and you will know, why they need decentralized money.
In short, their government is corrupted, and they can't trust government or some standard centralized private company, because centralized mean, it could been easily corrupted.
Also corrupted officials usually limit usage of gold and other material things, but thanks to western tech, it is easy to hide flash with crypto and ignore those limitations.
Because of this very high share of people in exUSSR use crypto.
Sure, in developed countries of old democracies, all these things are not so important as their governments works much better than in developing countries, they just have not such problems, so in G7 talks about crypto transforms to lazy talks of sharp end of egg vs other end.