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But they are not theoretical, users who have their own crypto wallets have been unaffected by all the failed exchanges (MtGox, FTX, etc.) There are other actua
by fidelramos 3y ago
But they are not theoretical, users who have their own crypto wallets have been unaffected by all the failed exchanges (MtGox, FTX, etc.)
There are other actual advantages that some people today benefit from, like avoiding confiscation and uncensorable transactions ( which would have been appreciated by the Canadian truckers when they were debanked), or protection against high inflation (like many Venezuelans and Argentinians do).
This is not to say that the UX of cryptocurrencies is not good enough for the majority of people, but that is a separate criticism.
- akoboldfrying 3y agoYou're absolutely right, though I took the parent's main point to be that it's incredible how little people seem to care about these actually-very-practical advantages. (The advantages must seem purely theoretical to people so willing to throw them away.)
- fidelramos 3y agoI agree with that point, most people don't seem to care about the advantages until they themselves get bitten by the status quo.