Re:MasterCard to open up network to cryptocurrencies
by hertzrat on Thursday February 11, 2021 @07:58PM
(#26109645)
The average person in your neighbour hood is sitting reading the paper, contemplating: “I’m worried about inflation. should I buy some Bitcoin, or should I overthrow the government? I think I’ll try the overthrow option today”
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Re:MasterCard to open up network to cryptocurrencies
by jariel on Thursday February 11, 2021 @08:52PM
(#26109948)
In those situations, the average person is definitely thinking 'overthrow the government' because everything is crumbling around it.
This is what causes they hyper sensitivity, authoritarianism, and 'blame America for Everything'.
But yes, BTC is completely unpragmatic.
USD, at least in Latin America, has the benefit that it will creep into the system irrespective of what anyone in charge says.
Nobody needs to be told that USD's are 'good' the hairdresser, cabbie, landlord, grocer will just take it.
I wonder if Euros have the same effect in E. Europe and North Africa. Maybe these days.