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Re:Bitconnect founder indicted in global $2.4B cryptocurrenc... by neither_color on Saturday February 26, 2022 @12:45PM (#30479818)
What's "deserved" is subjective, but I'll bite. People from countries that are fiscally irresponsible and have tight capital controls "deserve" access to an asset that, while volatile, gives them a better hedge than hyperinflation and can't effectively be blocked by their dysfunctional government. See Zimbabwe, Venezuela, and citizens of any country that has a black market exchange rate for dollars/euros(Argentina, Lebanon, Turkey). You could make the case that this is something for international organizations like the UN/IMF to solve, but, they don't on any timescale that's meaningful to the person whose weekly paycheck buys less bread every week. They already have access to the same information and websites we do(with a VPN), accessing a globally distributed and decentralized ledger is as fundamental as their right to access twitter/facebook.

Americans and Europeans have very limited experience with hyperinflation and volatile currencies, plus we have robust banking/fin-tech sectors so of course we're more prone to scoff at the problems cryptos will solve.

Re:Bitconnect founder indicted in global $2.4B cryptocurrenc... by malermeister on Saturday February 26, 2022 @04:28PM (#30482139)
Are you sure crypto will solve the problem of volatile currencies? BTC crashes on around a yearly basis [0], it's to find any currency more volatile than that.

[0] https://www.yahoo.com/video/7-biggest-bitcoin-crashes-histor...

Re:Bitconnect founder indicted in global $2.4B cryptocurrenc... by TimJRobinson on Tuesday March 01, 2022 @02:02AM (#30510601)
Yes, they're called stablecoins. Dai is a decentralized stablecoin that is always pegged to $1 USD. Rai is a stablecoin that is pegged to itself (using a feedback mechanism).

Both are on Ethereum and if you keep wealth in them that wealth cannot be confiscated or censored (except with a physical wrench attack).