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Exactly, but the value proposition of crypto is that it's *very* difficult to disrupt. See Nigeria for a current example of a national government trying and fa
by eterpstra 2y ago
Exactly, but the value proposition of crypto is that it's *very* difficult to disrupt. See Nigeria for a current example of a national government trying and failing to get its population to give up on crypto.
- realusername 2y agoIt's even easier to disrupt than dollars, at least exchanging dollars as cash is popular whereas cryptocurrencies rely predominantly on exchanges and bank transfers.
- ric2b 2y agoIf you can exchange cash you can just exchange crypto at the same time as well. Instead of dollar bills for peso bills you exchange a crypto transaction for peso bills.
- the_snooze 2y agoIt's only difficult to disrupt if the people involved stay entirely in the crypto ecosystem. The moment they want to interact with the real world, they open themselves up to the hard power of the state. The US govenrment has been very successful in disrupting crypto offramps; they don't need to break crypto math when they can just put the squeeze on people wanting to trade it for something else.