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Whose "traditional finance"? The point of this article is that (Developed functional country finance) >> (Crypto) >> (Venezuela et al finance).

• palata 4y ago
  Precisely. So one could ask whether finance is the root problem in those countries or not (e.g. if the problem is a corrupt government, maybe fix that first) and if it is, one may wonder why it should be replaced by cryptocurrencies (which until now haven't fixed much) instead of improving the traditional finance.
  • Georgelemental 4y ago
    You can't just snap your fingers and tada, government corruption solved, utopia achieved. Imperfect solution now > perfect solution in the infinitely far future
    • palata 4y ago
      > You can't just snap your fingers and tada, government corruption solved, utopia achieved. No, but you could legitimately wonder what 15 years and the money that was invested in cryptocurrencies could have done to help solve the root problems, instead of marginally helping a few people while enabling scam and ransomware. Do you have an idea how much money could be stolen from governments thanks to cryptocurrencies? North Korea is pretty good at this. Counter-productive solution now < perfect solution in the infinitely far future, IMO.