[iosjunkie]

The balance of your bank account is similarly “information”. But since everyone places value on that information, it’s valuable.

And these days, they way society is using traditional currency is become less tangible all the time. It’s is 100% possible to live life with never touching physical currency. Get paid via direct deposit, credit cards for your daily expenses, ACH your housing bill and credit card expenses. All just information flowing around.

Crypto is certainly overhyped and overvalued days, but it’s seems that at the core, crypto and modern banking are accomplishing the same thing: managing numbers(information) that people value.

[AstroDogCatcher]

The key difference is that one of these things has the backing and approval of recognized governments who also control law enforcement, while the other is just some guys on the internet. I'm not so sure "finding a pre-existing bitcoin wallet I can claim, and doing so" is really any different than "generating hashes until the blockchain hands me a prize".

[azth]

That's not an argument. In any case, more and more governments are now recognizing crypto as something real, and are coming onboard. E.g. most recently Dubai.

[CamelRocketFish]

Could you tell me how it’s changing in Dubai?

[azth]

Look up dubai crypto hub

[CamelRocketFish]

Thank you!

[azth]

Are you based there?