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by panicpanicpanic
1522 days ago
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> Ask the people in the developing world using it to replace their countries' failed monetary systems. Where oh where is this happening? The El Salvador experiment failed: https://restofworld.org/2022/el-salvador-bitcoin/ And I hope you don't mean millionnaires of the developing world because they're people who've escaped the rigours of being in a developing world. |
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broadly gestures at Africa, Asia, Latin America, and Eastern Europe
not-so-broadly gestures at Ukraine
> The El Salvador experiment failed
A few growing pains != "failed"
And from that same site:
https://restofworld.org/2022/ukraines-tech-community-rallies... <---- Bitcoin donations serving as a critical part of the initial lifeline for Ukraine's self-defense.
https://restofworld.org/2022/were-still-very-afraid-of-failu... <---- It ain't just me saying that cryptocurrency is a solid bet to unshackling the Global South from the Global North's financial hegemony.
https://restofworld.org/2021/stablecoins-find-a-use-case-in-... <---- People in Nigeria using stablecoins in the midst of local currency inflation and restrictions on accessing foreign currency.