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There's a lot of utility outside of the US, in countries without stable currencies. It's no web, but its a lot more impactful than say self driving cars (thus
by jy1 3y ago
There's a lot of utility outside of the US, in countries without stable currencies.
It's no web, but its a lot more impactful than say self driving cars (thus far), 3D-printing, or vegan meat.
Edit: This is not to discount those technologies, rather to emphasize that crypto is used by millions worldwide for real transactions.
- malfist 3y agoCrypto is not more impactful than 3D printing. 3D printing has built real things, real products and has immense significance to fast prototyping. Crypto hasn't built a single tangible item.
- jy1 3y agoCrypto is used everyday by millions in many countries including turkey, argentina, africa. You may be lucky to have a great financial system in the US but thats a very narrow POV.
- adamc 3y agoIs that utility somehow better than just moving assets into dollars or Euros?
- Zuiii 3y agoAnd just how exactly do you propose moving those assets into dollars? Dollars are the first thing that becomes scarce.
- jy1 3y agoDollars and euros are in areas with the strongest economic regions in the world. What about the billions of people in emerging markets such as turkey, argentina, africa etc that dont have a stable currency to transact?