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One, I never said a good side didn't exist. In fact, I was careful to not say that. So easy on the straw men. Two, I have been hearing vague, anecdotal claims

One, I never said a good side didn't exist. In fact, I was careful to not say that. So easy on the straw men. Two, I have been hearing vague, anecdotal claims like this for years. It reminds me of how back in the day I would get vague, anecdotal claims for why open mail relays were useful to people. But if you want to claim a meaningful fraction of crypto activity is valuable in ways for which there are no equivalent, you'll have to provide data. Three, I'm very skeptical that there aren't other good non-crypto ways to solve the nominal problems. Good or better, really. As an example, take M-Pesa. [1] It started around the same time as Bitcoin, but has done vastly more to bank the unbanked in Africa. If you'd like to demonstrate actual superiority for significant use cases, I'm all ears. But I'm coming up on a decade of dealing with vague, handwavey replies about how crypto is akshually good, so I'm really going to insist on specifics here. [1] https://en.wikipedia.org/wiki/M-Pesa https://en.wikipedia.org/wiki/M-Pesa

detrites 4y ago
First page of search results for "remittance" & "crypto" has numerous examples. At random, here's a referenced article covering Africa, South America & Asia: https://thenetworkstate.com/crypto-remittances https://thenetworkstate.com/crypto-remittances I invite you to use the amazing powers we have at our fingertips to find them yourself, and understand why something valued at two pizzas 13 years ago just had its max institutional hold increased from 1% to 2% by the BIS: https://investing.com/news/cryptocurrency-news/bis-allows-banks-to-hold-2-of-their-reserves-in-cryptocurrencies-2966647 https://investing.com/news/cryptocurrency-news/bis-allows-ba...
- wpietri 4y ago
  Thanks for telling me about this exciting new technology called "search", but it turns out that not only am I aware of it, I have been for quite a while. It is not my job to read random search results in hopes of finding some sort of data that demonstrates the value of crypto. I have already researched this a fair bit and have a provisional conclusion that suits me fine. If you would like your claims about it taken seriously, you can do the searching and collection and analysis and provide me with some results. If that doesn't interest you, that's fine by me.
  - detrites 4y ago
    There were two links provided in my post, one with it's own decent links and another from investing.com regarding action by the Bank for International Settlements (the Bank of Banks) - so I'm not sure what you're on about?
    - wpietri 4y ago
      Ok. You say you don't understand. I am happy to take you at your word, and don't see and benefit in going further. Thanks for participating.
      - detrites 4y ago
        Ah, reading back, I think you misinterpreted my use of the word "random". It was intended to highlight how easy it was for me to locate a high quality article on the topic that even I hadn't previously seen before. As such, while it was found randomly - I still read/assess its content for you as being well-referenced, as one would expect in the good spirit of conversation. But no big loss, if it turns out you won't engage in good spirit.

detrites 4y ago

First page of search results for "remittance" & "crypto" has numerous examples. At random, here's a referenced article covering Africa, South America & Asia: https://thenetworkstate.com/crypto-remittances https://thenetworkstate.com/crypto-remittances I invite you to use the amazing powers we have at our fingertips to find them yourself, and understand why something valued at two pizzas 13 years ago just had its max institutional hold increased from 1% to 2% by the BIS: https://investing.com/news/cryptocurrency-news/bis-allows-banks-to-hold-2-of-their-reserves-in-cryptocurrencies-2966647 https://investing.com/news/cryptocurrency-news/bis-allows-ba...

wpietri 4y ago
Thanks for telling me about this exciting new technology called "search", but it turns out that not only am I aware of it, I have been for quite a while. It is not my job to read random search results in hopes of finding some sort of data that demonstrates the value of crypto. I have already researched this a fair bit and have a provisional conclusion that suits me fine. If you would like your claims about it taken seriously, you can do the searching and collection and analysis and provide me with some results. If that doesn't interest you, that's fine by me.
- detrites 4y ago
  There were two links provided in my post, one with it's own decent links and another from investing.com regarding action by the Bank for International Settlements (the Bank of Banks) - so I'm not sure what you're on about?
  - wpietri 4y ago
    Ok. You say you don't understand. I am happy to take you at your word, and don't see and benefit in going further. Thanks for participating.
    - detrites 4y ago
      Ah, reading back, I think you misinterpreted my use of the word "random". It was intended to highlight how easy it was for me to locate a high quality article on the topic that even I hadn't previously seen before. As such, while it was found randomly - I still read/assess its content for you as being well-referenced, as one would expect in the good spirit of conversation. But no big loss, if it turns out you won't engage in good spirit.