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When Vitalik goes to Argentina this is the response. https://twitter.com/OctaBidegain/status/1473508689101348868 https://twitter.com/OctaBidegain/status/1473508

When Vitalik goes to Argentina this is the response. https://twitter.com/OctaBidegain/status/1473508689101348868 https://twitter.com/OctaBidegain/status/1473508689101348868 Just because you come from a place of great financial privilege and a liberal society does not mean others have no use for a censorship resistant form of money. Afghanistan: https://theintercept.com/2022/01/19/crypto-afghanistan-sanct https://theintercept.com/2022/01/19/crypto-afghanistan-sanct... Argentina: https://www.bbc.com/news/business-60912789 https://www.bbc.com/news/business-60912789 Russia: https://www.reuters.com/world/europe/navalny-ally-urges-dono https://www.reuters.com/world/europe/navalny-ally-urges-dono... Lebanon: https://www.reuters.com/article/lebanon-crypto-currency-yout https://www.reuters.com/article/lebanon-crypto-currency-yout... Nigeria: https://www.coindesk.com/tech/2020/10/16/nigerian-banks-shut https://www.coindesk.com/tech/2020/10/16/nigerian-banks-shut... Ukraine: https://www.cnbc.com/2022/03/23/ukrainian-flees-to-poland-wi https://www.cnbc.com/2022/03/23/ukrainian-flees-to-poland-wi... https://www.financialinclusion.tech/ https://www.financialinclusion.tech/

arcticbull 4y ago
Look at the dates, now look at the prices. Every single one of these people got rekt. That poor Ukranian man who put $2000USD into Bitcoin in March now has $1100. You're looking at this as a solution, and I'm looking at it as a shameful example of the problem. These folks are the least able to bear risk and folks are advocating they put all their money into speculative plays on US dollar liquidity. It's shameful. This isn't financial inclusion, it's financial exclusion. If they'd put it all into USDC they'd still have all their money. It's by no means a perfect solution but it's spiritually in the right direction. Time for Rohan Grey's e-cash or a CBDC. That's how this actually gets improved.
- cdiddy2 4y ago
  Who says they didn't put money into USDC? I have talked to people there who definitely use USDC as a primary savings device, with btc and eth mixed in on the side for long term holding

arcticbull 4y ago

Look at the dates, now look at the prices. Every single one of these people got rekt. That poor Ukranian man who put $2000USD into Bitcoin in March now has $1100. You're looking at this as a solution, and I'm looking at it as a shameful example of the problem. These folks are the least able to bear risk and folks are advocating they put all their money into speculative plays on US dollar liquidity. It's shameful. This isn't financial inclusion, it's financial exclusion. If they'd put it all into USDC they'd still have all their money. It's by no means a perfect solution but it's spiritually in the right direction. Time for Rohan Grey's e-cash or a CBDC. That's how this actually gets improved.

cdiddy2 4y ago
Who says they didn't put money into USDC? I have talked to people there who definitely use USDC as a primary savings device, with btc and eth mixed in on the side for long term holding