Hacker News new | ask | show | jobs
by throwup 1294 days ago
A common refrain I hear in these threads is "I live in $COUNTRY and I trust their banking system". Do you think that's equally true for everyone on earth? Because if not, you're only explaining why it's not useful for you personally, and not why it's not useful in general.
1 comments

So why are all the crypto businesses advertising to $COUNTRY and not to the places with unreliable banking? I suspect a Willie Sutton -like answer.
Why do you think crypto businesses are not advertising in other countries?
Are you saying they are? Even if they are, it's beside the point; they are paying for massive amounts of advertising in countries that have functional banking systems.
I think everything crypto companies do is beside the point. Satoshi created a system where you can be self-sovereign and not have to trust anyone. And now these companies want you to forget about all that silly trustlessness, and trust them, so they can take a cut of your money. So you should, almost tautologically, ignore anything they say on TV. By a similar principle, you shouldn't base your opinion of gold's value on those cash4gold commercials.