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> The reach of crypto, outside of fraud and government graft (which is real value) is simply the reach of crypto marketing. Except when your government is not
by fsflover 2y ago
> The reach of crypto, outside of fraud and government graft (which is real value) is simply the reach of crypto marketing.
Except when your government is not trustable and you have to find a way to store and transfer value in an independent and anonymous way.
- saalweachter 2y agoThe tricky part is there is a difference between "your government is not trustable" and "you don't trust your government" that you can never bridge.
- fsflover 2y agoWhy does it matter here?
- saalweachter 2y agoMoving your money into a non-local currency or store-of-value has a cost and its own risks. If you trust an untrustable government, you lose when they betray you. If you don't trust a trustable government, you lose when you spend years and decades hedging against their betrayal and it never comes.
- fsflover 2y agoThis is all true. The point is that a cryptocurrency gives you a choice, which you otherwise don't have, so it's useful.