[fsflover]

> The reach of crypto, outside of fraud and government graft (which is real value) is simply the reach of crypto marketing.

Except when your government is not trustable and you have to find a way to store and transfer value in an independent and anonymous way.

[saalweachter]

The tricky part is there is a difference between "your government is not trustable" and "you don't trust your government" that you can never bridge.

[fsflover]

Why does it matter here?

[saalweachter]

Moving your money into a non-local currency or store-of-value has a cost and its own risks.

If you trust an untrustable government, you lose when they betray you. If you don't trust a trustable government, you lose when you spend years and decades hedging against their betrayal and it never comes.

[fsflover]

This is all true. The point is that a cryptocurrency gives you a choice, which you otherwise don't have, so it's useful.