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by beshrkayali 1717 days ago
> Crypto doesn't care who you are and where you live. Anyone can start with crypto. The only thing you need is a mobile phone and an internet connection that doesn't even have to be especially good. Most people today have both. Even though centralized exchanges such as Binance or Coinbase require you to provide identification documents, crypto wallets require no such thing. Crypto is a solution for anyone who needs to receive or send money anonymously.

I think it’s more accurate to say: Crypto is a solution for anyone who needs to receive or send money “privately” (rather than) “anonymously”. The idea that you don’t need documents or to provide additional self identifying information (like name and address) doesn’t necessarily mean anonymity, or (imo) should anonymity be a top priority even (not that that’s not important), but being able to spend and transfer money to places where tradition banking doesn’t operate or without being charged extra is.

Whatever mess a system’s/government’s economical plan might lead to, people’s money won’t be tied to it and wouldn’t be affected.

Also, you don’t really need a smart phone, any old laptop that can run Linux would do.(which are usually cheaper, more available and function better than a phone)

1 comments

thanks for the comment. Makes sense to use „privately“ instead of „anonymously“.