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I mean, why would any state support crypto, something explicitly designed to bypass state control of money? Only those suffering oppression of their ability to
by jacknews 3y ago
I mean, why would any state support crypto, something explicitly designed to bypass state control of money? Only those suffering oppression of their ability to transact, of course.
- roguas 3y agoCrypto was not designed to bypass state but to provide transparency and stability to currency/money. Say you are in Venezuela where your money is constantly devalued and your political power is diminished, every option that you have to survive that doesn't harm people directly should not be considered in high horse moral terms.
- jacknews 3y agoIndeed, the comment that only NK, narco-states etc support crypto is a bogus moral attack on crypto NO state truly supports crypto, as it bypasses state-controlled money (by design or not; I'd argue that is exactly one of the design goals).
- SketchySeaBeast 3y agoAre we ignoring El Salvador now? Or is its support not "true"?
- amadeuspagel 3y agoSome states have accepted that they are unable to run a trusted currency and used the US dollar instead. Bitcoin seems like a straightforwardly better choice there, since the US Fed can't print bitcoins.
- ChatGTP 3y agoBecause they're benefiting from it? I'm not sure how true it is, but I have read N Korea uses cryptocurrencies to trade ?