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> Here are some stats for any passerby who might be convinced to think crypto really has ~zero non-criminal usage [1]. Surely calling 5-25% of many countries' p
by quickthrowman 4y ago
> Here are some stats for any passerby who might be convinced to think crypto really has ~zero non-criminal usage [1]. Surely calling 5-25% of many countries' populations criminals (including the US), should be relegated to a fringe extremist view.
Simply owning digital tokens is not a real world usage of those tokens, full stop.
That being said, I can fully accept that 5-25% of a countries population is gullible enough to buy cryptocurrency.
- leppr 4y ago> Simply owning digital tokens is not a real world usage of those tokens, full stop. It's as much real world usage, as people owning stocks and precious metals is. > I can fully accept that 5-25% of a countries population is gullible enough to buy cryptocurrency. In many countries, it's the 75% of the population saving in their local fiat currency that are the gullible ones. I know we all love United States Dollars, but in many local economies, there aren't enough of them to go around. Acquiring, storing and transacting with cryptocurrencies can be easier, and more secure and discrete than going to your local black market USD dealer and stashing stacks of bills under your mattress.
- arcticbull 4y ago> In many countries, it's the 75% of the population saving in their local fiat currency that are the gullible ones. Nobody is supposed to save fiat except as a liquidity cushion against personal tail risk for which you pay the spread between interest rates and inflation. Nobody has ever advised people to save fiat anywhere. They advice is to keep an emergency savings account and invest the rest.
- WeylandYutani 4y agoI'm sure that a lot of people tried out crypto in the boom. The number of people actually using it on a daily basis is probably somewhat lower.