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Whether crypto hurts or helps financial inclusion remains to be seen in places like Africa and Latin America. The majority of coins are pump-and-dumps or rug pu
by dole 2y ago
Whether crypto hurts or helps financial inclusion remains to be seen in places like Africa and Latin America. The majority of coins are pump-and-dumps or rug pulls, but after 15+ years of BTC somehow surviving, I still have hope crypto can provide financial access to those without direct bank access in these areas without being massive scams or abused by crime.
- whimsicalism 2y agoit gives people much much easier access to a peg to a stable well managed currency like the dollar or euro
- achierius 2y ago> stable well-managed currency Are you suggesting that BTC is either of those? The incredible price-swings, fluctuations, and inherently deflationary nature (which encourages hoarding!) are not great properties for a peg-target to have.
- oleganza 2y agoBTC saved the value over the years for all its holders, including even those who bought during the height of mania and have suffered temporary setback for a few months. For an asset where no one promised anything but uncertainty, that's the only asset that you can rely on as your insurance against asset seizures, inflation, pumps-and-dumps (compare BTC with any other token with marketing - BTC marches on, while all these tokens get pumped/dumped and then stay forever at zero).
- whimsicalism 2y agoask chatgpt what i mean
- mbonnet 2y agoUseless comment.
- whimsicalism 2y ago[flagged]
- sitkack 2y agoMost people don't actually want to learn how to fish. They just want a machine that turns water into whine.