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I think there are use cases in countries that have currency collapses, but that doesn't happen at a high enough rate for it to be commercially viable. At this p
by partiallypro 4y ago
I think there are use cases in countries that have currency collapses, but that doesn't happen at a high enough rate for it to be commercially viable. At this point it's pure speculation.
- WeylandYutani 4y agoOfcourse but those have happened for ages. That's were the US dollar and euro come in. You do import/export business in Turkey with foreign currencies and foreign banks not worthless lira.
- partiallypro 4y agoThat can certainly help, but embargoes have prevented some countries that have experienced collapse to get their hands on more stable currencies like Euros or Dollars. For private citizens with no access to international forex markets, crypto can be valuable in such scenarios. Again, it happens so sporadically that it's not worthy of big money investment (certainly is no reason for Bitcoin to be worth $1M or whatever some people forecast)...but does show there is -some- use.