Ask HN: What real world problem does cryptocurrency solve?

Re:Ask HN: What real world problem does cryptocurrency solve? by risyachka on Monday February 14, 2022 @03:02AM (#30329456)

You can always find someone to sell USD for crypto in cash. And you will be able to do it only because crypto allows you to actually own your assets.

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Re:Ask HN: What real world problem does cryptocurrency solve? by Ekaros on Monday February 14, 2022 @03:18AM (#30329556)

Question really isn't about USD or Euro. You are already quite happy if you have either.

But let's say you are in Africa and have a lot of local hyper-inflating currency. Who will give you crypto for that? Or at least more than they need for immediate needs.

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Re:Ask HN: What real world problem does cryptocurrency solve? by sjducb on Monday February 14, 2022 @04:21AM (#30329979)

Anyone who needs to buy goods and services, or settle debt, in the local currency.

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Re:Ask HN: What real world problem does cryptocurrency solve? by meheleventyone on Monday February 14, 2022 @03:04AM (#30329471)

You already need crypto though.

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Re:Ask HN: What real world problem does cryptocurrency solve? by risyachka on Monday February 14, 2022 @03:20AM (#30329572)

You do.

I meant mostly that if you store your assets in crypto - it can help a lot in situations like this, presenting a great use case.

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Re:Ask HN: What real world problem does cryptocurrency solve? by nlitened on Monday February 14, 2022 @03:17AM (#30329551)

You don’t need to buy it, you can just accept it as a fee for your work.

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Re:Ask HN: What real world problem does cryptocurrency solve? by meheleventyone on Monday February 14, 2022 @05:17AM (#30330315)

So now the unbanked need an entire shadow economy to exist in their country to take part!? Plus all the accoutrements to access crypto.

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