Hacker News new | ask | show | jobs
by tablespoon 1530 days ago
> Except for the ability to easily take assets across borders to leave authoritarian regimes, bringing a form of storing assets to the 2 billion or so unbanned individuals of the world, and cheap remittances for people sending money back to their families in another country. These are just a few worth mentioning because they quite literally change people's lives.

I'm not disputing you can still do work on a 486 PC that requires as much power as Argentina; the question is why would you want to when a regular PC works just as well or even better?

Also, most of those use-cases break down in practice at the intersection with the real world. Sure if you've got some Bitcoin and an internet connection (and a big HD to store the blockchain), you can transfer it around to your heart's content. But how (for instance) are you supposed to get Bitcoin for your authoritarian-regime fiat? Wire it to Binance? That defeats the point. Why would you use Bitcoin as a store of value, when there are better, less volatile alternatives like the dollar, the euro, or even gold? When you work through the particulars, there's not that many cases where Bitcoin actually makes sense to use, from a practical perspective.