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Unnecessary and overcomplicated? Compared to what? Have you ever taken out a mortgage? Ever tried to send funds overseas? Ever wondered how entire cities are bu
by globular-toast 1y ago
Unnecessary and overcomplicated? Compared to what? Have you ever taken out a mortgage? Ever tried to send funds overseas? Ever wondered how entire cities are built by the people who run the money?
Does your mother in law know what fractional reserve banking is? A bank run? Can they explain what happened in the 2008 financial crisis? No? They why would they need to know how Bitcoin works beyond just "trust me, it does"?
- sharperguy 1y agoIt's not the how but the why. If you know you need bitcoin you know. If everything seems fine without it why would you bother?
- FabHK 1y agoNo mortgages or funding of productive enterprises in crypto land anyway. I have sent money overseas, fast, cheap, securely, with fiat. The externalities of the bad US retail banking system are enormous. First we got PayPal with Thiel and Elon, then crypto. :-/