Re:Lebanon’s underground cryptocurrency market
by EliRivers on Friday August 27, 2021 @09:05AM
(#28327297)
You don't get 50% dilution of your savings within a year.
Although if you're measuring bitcoin against the USD, you could have done that in May :)
Re:Lebanon’s underground cryptocurrency market
by xur17 on Friday August 27, 2021 @10:47AM
(#28328518)
BTC isn't the only option if you are using crypto. Especially in emerging markets, stablecoins seem to be a popular choice.
Re:Lebanon’s underground cryptocurrency market
by splintercell on Friday August 27, 2021 @02:24PM
(#28331298)
The article implies that almost all of this cryptocurrency is in USDT,So that argument doesn’t apply.
You don't get 50% dilution of your savings within a year.
> How many goods and services can you pay for with cryptocurrency where you live?
In a liquid market, you can convert your weekly needs and pay using cash.
> What if your government's goons (or private goons for that matter) hit you with a rubber hose and steal your coins?
If they are going to do that (and some countries do that), they'll start with bank accounts and visible shit (goods moving in the street).