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If you could please elaborate, for the free curious spirits of HN. Crypto has brought good in underdeveloped countries like Venezuela and Argentina. Venezuelan

• AlexandrB 3y ago
  Have any numbers on this? The only numbers I could find are very modest[1]. IIRC Zeke Faux, the author of "Number Go Up" also noted that adoption is very illusory - like the "Accepts Bitcoin" stickers you see all over the place Canada when there's no functioning bitcoin payment processing inside. But besides all that, I think it's criminal to leave people in underdeveloped countries at the whims of unaccountable central-bank-style institutions like USDT. What will proponents of this crap say if/when USDT collapses? "They knew the risks"? Is the "crypto community" going to bail out people who invested their life savings in this garbage[2]? [1] https://www.chainalysis.com/blog/latin-america-cryptocurrency-adoption/ https://www.chainalysis.com/blog/latin-america-cryptocurrenc... [2] https://old.reddit.com/r/AxieInfinity/comments/10ovcoo/lost_my_savings_and_more_investing_into_axie/ https://old.reddit.com/r/AxieInfinity/comments/10ovcoo/lost_...
  • keep_reading 3y ago
    I think it's criminal to leave people in underdeveloped countries at the whims of unaccountable central-bank-style institutions like Federal Reserve.
    • EFreethought 3y ago
      It's criminal to leave people in underdeveloped countries at the whims of criminals.
      • keep_reading 3y ago
        central bankers are indeed criminals!