[wslh]

This is one of the cases where crypto works well.

[wslh]

I will include this security project as an addendum to my reply: <https://github.com/juli/taint>. Views on crypto can differ dramatically depending on the country you live in.

[rvz]

There are many cryptocurrencies that allow anyone to move money quickly, cheaply, and on the same day in less than a minute and requires zero bank accounts.

At this point there isn't an excuse.

[mort96]

And which are trivial to convert back and forth between real money and cryptocurrency? And hold their value with sufficient stability that you can convert USD into the currency, make a transaction, wait a few weeks, make a transaction the other direction and then convert back into USD, with roughly no loss in value?

[sowbug]

For this use case, that's a virtuous proof-of-work requirement.

[rvz]

Very tough question. Stablecoins?

[mort96]

Didn't people realize that those automated pegging algorithms don't really work after the last round of stablecoin collapses

[fidelramos]

At least DAI is holding well. It existed before LUNA and it continues to work today.

[rvz]

Except not all stablecoins are the same.

[mort96]

They essentially are to me, because I don't know how to differentiate them. Before the collapse, I would not have been able to look at the ones which collapsed and the ones which didn't and predict the outcome.