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People need to manage risk, buy food and pay rent regardless of their conviction in those principles. However, the traditional financial system is broken or mal
by plsbenice34 4y ago
People need to manage risk, buy food and pay rent regardless of their conviction in those principles. However, the traditional financial system is broken or malicious and not serving crypto users properly. It is too difficult and slow to cash out to bank accounts. I know some people in developing countries for whom it is simply not an option to withdraw to their bank account, and their nationality precludes them from most offshore options. It can be essentially the same situation in developed countries. It's not a clear question whether it's best to take the risk of a stablecoin collapsing or take the risk of the price volatility of more decentralised coins, but they don't have many other options.