3 ms·
quickly invaded by hordes of people who never really cared about the technology itself, how it works and what it's actually useful for. Not really disagreeing
by listenallyall 3y ago
quickly invaded by hordes of people who never really cared about the technology itself, how it works and what it's actually useful for.
Not really disagreeing with you, but maybe Bitcoin wasn't really ever about an alternative currency for buying a few beers, just like gold isn't suited for that purpose. It is certainly possible, if the buyer and seller jump through some hoops to make it happen, as you demonstrated -- but it's slow and expensive for that use case. In the long run, maybe you're the person who really misunderstands what Bitcoin is "actually useful for."
- bedobi 3y agoThat was just us goofing around. What got me excited was mostly the enabling underbanked people argument for crypto. There's countless people all over the world who can't get a bank account, or if they could, can't get one that is reliable or useful enough for their needs. Eg, maybe the currency is too unstable, or maybe there's too many restrictions on international transfers and commerce etc etc. These people are left with cash and predatory "businesses" like Western Union as their only options. It's not fair and can and should change, but sadly, crypto has spectacularly failed to deliver on its potential here.
- listenallyall 3y agoHas it? Crypto proponents all the time are talking about the unbanked and people in countries with unstable currencies. I really don't know, but what's the deal in El Salvador? in South America? Ukraine? Aren't people using it?