A colleague who sends money to his family in a third world country with unstable currency explained to me why he uses crypto to do so. Even if he uses dollars t

A colleague who sends money to his family in a third world country with unstable currency explained to me why he uses crypto to do so. Even if he uses dollars to initiate the transfer here in the US, his family is going to receive it in the local currency. But that would incur losses as the official exchange rate is held artificially low. Also that currency is losing value very fast due to high inflation (much higher than the US in fact). So it is much better for his family to have their savings in Bitcoin. If there was a way to transmit gold easily avoiding government rules, he could have done that too but sending gold to his country is impossible. This gets to the heart of another common refrain on HN that Bitcoin is great to facilitate illegal transactions. Well guess what, if a shitty government in some corner of the world is going to make it difficult for its citizens to live a normal peaceful life by devaluing currency and imposing artificial barriers to save meaningfully, then I am rooting for Bitcoin to help people evade that tyranny.