[honestlyreally]

> The blockchain is an interesting technical achievement, and so are smart contracts, but they are not a replacement for laws and governments.

A lot of Venezuelans would disagree with you there. History clearly shows governments fail to act responisbly with currency. In the last 25 years, 21 countries experienced hyperinflation. What do you propose people in those counties do?

Your comment was big on problems but offered no solutions. Cryptocurrencies are a solution for many.

Take off the developed world rose tinted glasses for a moment and see that for a large majority of Earth's population their government and courts do not serve them well.

And this is not just poor countries, a woman in Saudi Arabia cannot open a bank account without a mans permission. That same woman can create a bitcoin wallet in one minute.

[omarchowdhury]

> And this is not just poor countries, a woman in Saudi Arabia cannot open a bank account without a mans permission. That same woman can create a bitcoin wallet in one minute.

But when she needs to turn it back into fiat, guess what, she's going to need a bank account to receive the funds from the exchange.

[flyingfences]

> But when she needs to turn it back into fiat

The whole idea is to create a new financial ecosystem that doesn't rely on old fiat currencies.