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by kobalsky 1009 days ago
> 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.