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There is no science fiction about PoS, the transition is well under way and it is a matter of a few months. > when you remove trade barriers, such as the EU di
by rglullis 4y ago
There is no science fiction about PoS, the transition is well under way and it is a matter of a few months.
> when you remove trade barriers, such as the EU did, the cost of international transactions falls to zero.
See, the whole point of crypto is that it gives us a globally interconnected trade network. If I just want to send money to someone in the EU, then of course I will just use SEPA. But SEPA means absolutely jack shit for someone trying to merely send money to a place where these basic freedoms are not granted.
Why should people should put up with the artificial barriers, when there is a parallel network that can work better for them? Do you think they can just be waiting until the powers-that-be at their local sphere to reach enlightenment and remove the barriers? I think it is a lot more efficient if we continue to work on a competing alternative for the people, at the very least to keep the goverments in check.