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Why would Bitcoin purists care about off ramping onto fiat? This seems awkwardly unnecessary for a technology that has only prioritized deflationary economics
by pertsix 11mo ago
Why would Bitcoin purists care about off ramping onto fiat?
This seems awkwardly unnecessary for a technology that has only prioritized deflationary economics and economic sovereignty through private key encryption.
- wmf 11mo agoThere are virtually no actual purists. And criminals are generally more opportunistic than ideological.
- cperciva 11mo agoSerious answer: Because they have to eat. Being a purist doesn't mean they can afford to ignore the world they live in; even if they believe that USD is fundamentally worthless and keep all their wealth in Bitcoin, they still need to occasionally pay bills to people who don't take Bitcoin.
- red-iron-pine 11mo ago95% of the world is still on fiat. outside of a few san fran tech bros, how many people you know ever bought a house with BTC? you gonna gift your mom monero for x-mas?