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by kobalsky 1010 days ago
You will find that kind of response here due to the demographic. I know it's not everyone, but most people here are well off, educated and highly employable. The system works for them... and that's the kind people who can't easily see or benefit from what crypto brings to the table.
1 comments

Is the argument here that poor uneducated unemployed people in developing countries are the ones profiting from Crypto? As, say, percentage of turnover or revenue?
> poor uneducated unemployed people in developing countries

I don't think poor uneducated unmployed people in developing countries have money to worry about.

> are the ones profiting from Crypto?

Profit is the wrong word.

In my country people are not looking for profit when they buy dollars. When even the official inflation numbers are above 120%, they are escaping state sponsored pillage.

Naturally it's illegal to buy dollars here, so the only way to do this is cash. Everyone who can save a penny will try to buy dollars, so by the strict definition, the country is pretty much filled with criminals.

Since having basic banking is something everyone wants, crypto becomes an attractive alternative for those who can sort out the technical barriers of entry.