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by bhawks
1812 days ago
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And crypto gives the entire world that great experience, without needing a bank or a government. It is hard to say that isn't an amazing technical solution to an organizational problem. There are worse countries to manage your finances in than the US by the way. Lebanon is in the midst of a terrible bank and currency crises. People literally are not allowed to take money from the bank. This happens repeatedly throughout history. |
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ha ha keep drinking the kool aid:
- crypto is difficult to use (really, no one wants the hassle of managing private keys)
- transactions are irreversible (i realise by design, but actually most people just want some measure of fraud protection)
- often high transaction costs
- slow transaction times (>10 mins for btc, often longer, versus literally instant for conventional payments)
- very, very limited transaction rates.
- oh and you could easily lose your cash with no recovery (go to point one re private keys)