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by legionlegion
1852 days ago
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> Well, you could probably sell something for bitcoin, but then oops, you need to sign up somewhere to convert it into actual real money. Not quite, you can cash out BTC without going through any KYC. You can use non-kyc exchanges like hodlhodl, ATMs which just give you cash, or in person p2p trading. > Until you pay for something and that something never arrives. Then you would be very glad to have a central authority. Lol, you clearly do not live in a country with double digit inflation, government mandated bank limits, oppression. Cryptocurrency is literally saving lives in some parts of the world > Ah yes. The tired old "but the poor people in poor countries" cries the person whose first example was "I can’t sign up for a US trading account without a certain amount of capital". And you clearly need to workout that empathy muscle |
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So, all options significantly more involved or less accessible to people than regular cash.
> Lol, you clearly do not live in a country with double digit inflation, government mandated bank limits, oppression
I have. Moldova after the fall of the Soviet Union. Then in Turkey which historically had ~100% inflation for most of its history and then a crash in early 2000s.
I lived through it all.
"You need to set up a wallet for a digital token, somehow buy it for real money, then somehow convert it into real currency" is not an option for the absolute vast majority of people even in the countries with high levels of inflation, bank limits etc.
If anything, cryptocurrencies are a very, very first-world thing.
And, of course, there's also this, much more eloquently put: https://news.ycombinator.com/item?id=27259374
> Cryptocurrency is literally saving lives in some parts of the world
For a very small number of people.
> And you clearly need to workout that empathy muscle
I prefer reality to empathy when it comes to cryptocurrency.