Ok, so govs ban exchanges and you have your stuff in cold storage. You have to buy/sell p2p? Are people gonna do that just to have this magical deflationary currency? Possibly... but idk.

Because people who live there know what oppressive governments can do and how unreliable fiat is. I don't think people in the developed world understand it because they haven't really faced oppressive governments.

If you talk about China specifically, the average people wouldn't consider governments 'oppressive', the approval rate for government is actually quite high.

I'd say it's because it's kind of the "wild west" and they can do scammy stuff and not get hit by the government like in the US or europe.

Most people here are pro ownership. If you think everyone should own their data (they should), why wouldn't you think that everyone should also own their money?

Crypto might be a 'scam', but at least I get to own the risks. Giving up ownership means that my money is just used by bankers to invest in their own scams, and when they screw up, bail them out again.

You can't be pro data ownership and anti money ownership.

You have a chance to disrupt an ageing, slow legacy industry - banking - and most people here are rooting for the dinosaurs. Amazing!