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by PycptN2MH 2019 days ago
It is deceptive to say 'I don't understand' when what you mean is 'I disagree.'

Your central argument is: 'You offer a service to everyone. I already have that service. Therefore you are not creating value'

1 comments

I don't even understand if they even provide a real service.

But - for the sake of argument - if they do, I don't see the unique selling points.

Crypto is easy to transfer and keep and has more lasting value in countries that are facing hyperinflation, often moreso than USD. This particularly applies to Venezuela, which is exerting extra pressures and taxes in foreign currencies.
Venezuelan here, to scape from inflation I buy USD. I dont need anything else other than that green bill or a zelle transfer. Bitcoin is pretty much useless in venezuela and the few people who uses it, also uses it to buy "cheaper" currency exchange of VES/USD since its literally just a bunch of corrupts and drugdealers trying to wash their USD so you usually get more VES per 1USD/BTC than per 1 USD

PS: bitcoin holder since 2014, so im not here with anti crypto propaganda

PS2: i find it weird that noone here talks about USDT

1. with crypto you go on dark net and pay some people to drop illegal chemical substances somewhere and message GPS coordinates of that drop place to you 2. you can break into computer network of large company, encrypt their data with ransomware and get ransom in crypto
Honestly, the selling point is it is a demonstration of global consensus. whether that is useful as a service is debatable I suppose.