|
Those stats are for internet users including people who use the apps you mention. Further, Syria has a history of internet censorship and even large outages. I'd imagine people in Syria don't trust the internet, much less a tool from a western company like coinbase that offers a way to store an instrument that is completely foreign to someone who doesnt use the internet All of finance is built on trust. Trust in enforcement of securities and property laws, trust that banks or debtors won't disappear overnight, trust that counterparties will not disappear, trust that someone won't lie to you and take your money, and trust that, when the above inevitably happen, there exists a set of institutions that can protect you You may trust blockchain more than a bank, but you are the minority by a massive massive margin. The reality is that banks, while not perfect, are accountable. They are run by people whose jobs depend on them not totally screwing up. And despite the bad / shady things that banks do, overall they do a pretty good job at maintaining a stable financial system With bitcoin and other decentralized systems, there is no accountability. You must rely on the perfection of the technology. It will break, and when it does, there is no legal system to protect you and no bank that will reimburse you for fraudulent charges You may not care about this, but 99% of the world does |
There is already a lack of legal systems and order. You have ISIS roaming around cutting people's heads off.
Obviously you have a different set of priorities when you're running for your life.