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Or honest people who live in countries that have a lot of criminals and/or have a corrupt government. Life is extremely tough for legitimate businesses in coun
by Turing_Machine 3y ago
Or honest people who live in countries that have a lot of criminals and/or have a corrupt government.
Life is extremely tough for legitimate businesses in countries such as Nigeria, due to the government's incompetence (some say active collusion) in dealing with fraud. Banks generally won't touch them, and even if they do, transactions are often delayed for weeks.
- mjburgess 3y agoRight... so how do they acquire cryptocurrency?
- Al0neStar 3y agoI enjoy your takes on AI/ML but as someone who lives in Iran if not for crypto i'd be homeless.
- mjburgess 3y agoCould you explain how you obtain crypto in iran? I guess you have a bank account, but your bank is under sanctions? How does that help you? I am interested in there actually being a use-case; but i've never actually encountered one which survives contact with reality.
- Al0neStar 3y agoI get paid in USDC for programming gigs and third party exchanges in Iran convert it to Rials for me. The third party exchanges resell crypto to other Iranians who want to use it to buy sanctioned digital goods. It is the widespread use of crypto that makes this possible if it wasn't mainstream then there wouldn't be a difference between getting paid in crypto and a Google Play gift card.