6 ms·

> I would like to hear more about those use cases. Here you go, I have compiled some examples for you: https://news.ycombinator.com/item?id=32406095 https://ne

> I would like to hear more about those use cases. Here you go, I have compiled some examples for you: https://news.ycombinator.com/item?id=32406095 https://news.ycombinator.com/item?id=32406095 > Because I cannot fathom a system where either currency or banking does not work, and the preferable alternative is to rely on a highly volatile asset that requires vast amounts of energy and time to work. May I ask you where you were born and raised? A lot of people do actually have to face shitty systems where Bitcoin is a godsend.

acaloiar 3y ago
When that list reaches the length of https://web3isgoinggreat.com/web1 https://web3isgoinggreat.com/web1, a great point will have been made.
- RestlessMind 3y ago
  https://99bitcoins.com/bitcoin-obituaries/ https://99bitcoins.com/bitcoin-obituaries/ is already a great counter-list to your list. Btw, lumping Bitcoin with web3 is as pointless as lumping penny stocks with AAPL or BRK.A.
- nkuttler 3y ago
  Bitcoin has absolutely nothing to do with web3, so you provided an empty list.
manuelabeledo 3y ago
> Here you go, I have compiled some examples for you: https://news.ycombinator.com/item?id=32406095 https://news.ycombinator.com/item?id=32406095 Isn't it a bit disingenuous to think that common people have moved $50bn in Bitcoin out of China? Or have moved ~$2.4bn worth of Bitcoin in Nigeria in a single month? > A lot of people do actually have to face shitty systems where Bitcoin is a godsend. I would say that a handful of examples, of which some are highly questionable, constitute anecdotal evidence, at best. Some of these scenarios are indistinguishable from using any other stable foreign currency, or even commodities, with the added difficulty of requiring certain technology literacy most people don't have. > May I ask you where you were born and raised? I could ask the same, because I haven't found many ardent defenders of cryptocurrency outside the tech circles of the so called developed world.
- nkuttler 3y ago
  > I could ask the same, because I haven't found many ardent defenders of cryptocurrency outside the tech circles of the so called developed world. Not surprising, you live in a media bubble filled with people from the "developed world".
  - manuelabeledo 3y ago
    You would be sorely disappointed.
- RestlessMind 3y ago
  > a handful of examples Well, Bitcoin price is still 30K USD and the market cap is almost 600B USD. That is a very good macro proof that people value Bitcoin. > I could ask the same I was born in a third world country where the leader decided to demonetize 87% of currency in circulation on a whim. And the society doesn't trust government at all - people buy gold or land as soon as they can. Where are you from? > I haven't found many ardent defenders of cryptocurrency outside the tech circles of the so called developed world. Have you actually bothered to talk to anyone? I have had in-person conversations with people from multiple despotic or shitty regimes (Nigeria, Sri Lanka, Iran) to understand how and why they use Bitcoin. You talk to them, understand how it is used and you will also realize that Bitcoin is here to stay and grow.
  - manuelabeledo 3y ago
    > Well, Bitcoin price is still 30K USD and the market cap is almost 600B USD. That is a very good macro proof that people value Bitcoin. Let’s not forget that Bitcoin price averages a volatility of ~4% daily. With Bitcoin, any given individual could have sold goods or services and make a profit one day, and lose pretty much everything in a week. If that is not a sign of Bitcoin being used as a vehicle for speculative markets, I don’t know what it is. > Have you actually bothered to talk to anyone? I have had in-person conversations with people from multiple despotic or shitty regimes (Nigeria, Sri Lanka, Iran) to understand how and why they use Bitcoin. Using Bitcoin properly requires a certain level of tech and financial literacy most people just don’t have. It also relies on expensive infrastructure that is highly dependent on mining being profitable. Again, this is not 2011 anymore, nowadays only the very wealthy can expect to profit from Bitcoin mining. I guess the question is, what is so different between a crappy hyper inflated currency, controlled by an authoritarian government, and a crappy volatile cryptocurrency, controlled by a few wealthy individuals? On that regard, If I were to call any friend from Venezuela and ask them about starting to use Bitcoin right now, they would surely get some 2014 vibes.

acaloiar 3y ago

When that list reaches the length of https://web3isgoinggreat.com/web1 https://web3isgoinggreat.com/web1, a great point will have been made.

RestlessMind 3y ago
https://99bitcoins.com/bitcoin-obituaries/ https://99bitcoins.com/bitcoin-obituaries/ is already a great counter-list to your list. Btw, lumping Bitcoin with web3 is as pointless as lumping penny stocks with AAPL or BRK.A.
nkuttler 3y ago
Bitcoin has absolutely nothing to do with web3, so you provided an empty list.

manuelabeledo 3y ago

> Here you go, I have compiled some examples for you: https://news.ycombinator.com/item?id=32406095 https://news.ycombinator.com/item?id=32406095 Isn't it a bit disingenuous to think that common people have moved $50bn in Bitcoin out of China? Or have moved ~$2.4bn worth of Bitcoin in Nigeria in a single month? > A lot of people do actually have to face shitty systems where Bitcoin is a godsend. I would say that a handful of examples, of which some are highly questionable, constitute anecdotal evidence, at best. Some of these scenarios are indistinguishable from using any other stable foreign currency, or even commodities, with the added difficulty of requiring certain technology literacy most people don't have. > May I ask you where you were born and raised? I could ask the same, because I haven't found many ardent defenders of cryptocurrency outside the tech circles of the so called developed world.

nkuttler 3y ago
> I could ask the same, because I haven't found many ardent defenders of cryptocurrency outside the tech circles of the so called developed world. Not surprising, you live in a media bubble filled with people from the "developed world".
- manuelabeledo 3y ago
  You would be sorely disappointed.
RestlessMind 3y ago
> a handful of examples Well, Bitcoin price is still 30K USD and the market cap is almost 600B USD. That is a very good macro proof that people value Bitcoin. > I could ask the same I was born in a third world country where the leader decided to demonetize 87% of currency in circulation on a whim. And the society doesn't trust government at all - people buy gold or land as soon as they can. Where are you from? > I haven't found many ardent defenders of cryptocurrency outside the tech circles of the so called developed world. Have you actually bothered to talk to anyone? I have had in-person conversations with people from multiple despotic or shitty regimes (Nigeria, Sri Lanka, Iran) to understand how and why they use Bitcoin. You talk to them, understand how it is used and you will also realize that Bitcoin is here to stay and grow.
- manuelabeledo 3y ago
  > Well, Bitcoin price is still 30K USD and the market cap is almost 600B USD. That is a very good macro proof that people value Bitcoin. Let’s not forget that Bitcoin price averages a volatility of ~4% daily. With Bitcoin, any given individual could have sold goods or services and make a profit one day, and lose pretty much everything in a week. If that is not a sign of Bitcoin being used as a vehicle for speculative markets, I don’t know what it is. > Have you actually bothered to talk to anyone? I have had in-person conversations with people from multiple despotic or shitty regimes (Nigeria, Sri Lanka, Iran) to understand how and why they use Bitcoin. Using Bitcoin properly requires a certain level of tech and financial literacy most people just don’t have. It also relies on expensive infrastructure that is highly dependent on mining being profitable. Again, this is not 2011 anymore, nowadays only the very wealthy can expect to profit from Bitcoin mining. I guess the question is, what is so different between a crappy hyper inflated currency, controlled by an authoritarian government, and a crappy volatile cryptocurrency, controlled by a few wealthy individuals? On that regard, If I were to call any friend from Venezuela and ask them about starting to use Bitcoin right now, they would surely get some 2014 vibes.