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Re:Cryptos can't fix societal, political or economic problems by 0x64 on Thursday November 25, 2021 @03:40PM (#29344785)
I don't understand. Is the trick in your question the fact that you're inevitably paid in fiat and you have to buy crypto, thus proving that crypto is useless as a currency?
Re:Cryptos can't fix societal, political or economic problems by user-the-name on Thursday November 25, 2021 @06:27PM (#29346005)
The topic is remittances, and the claim is that cryptocurrencies are good at them.

Remittances are when a person in one country sends money to another person in a different country. Usually, the first person works to earn wages, and sends them back home to their family, who use them to pay for living expenses.

To do this, you need to go from money in hand to money in hand. Anything else is useless. Again, the claim is that cryptocurrency is good at this. If you want to claim that it is, you have to actually show how to do that exact thing.

Re:Cryptos can't fix societal, political or economic problems by 0x64 on Friday November 26, 2021 @11:04AM (#29351356)
When did I claim such a thing? I claimed that the transaction fees were getting to fractions of cents.
Re:Cryptos can't fix societal, political or economic problems by user-the-name on Friday November 26, 2021 @02:26PM (#29353214)
The original claim I am responding to is "International remittances in seconds for less than a penny".

That, in any reasonable reading, would mean that the sum of all feels required to do "international remittance" would be less than a penny. This is clearly not true.

The claim that one small part of the fees is actually less than a penny is not really relevant to this.

Re:Cryptos can't fix societal, political or economic problems by anonymoushn on Wednesday December 01, 2021 @06:25AM (#29402731)
In what way is it clearly not true? The end-to-end flow I outlined works for many choices of countries.