Re:Ask HN: Why do negative crypto articles dominate on HN?
by falcolas on Wednesday April 13, 2022 @08:54PM
(#31022192)
> on a practical level it is easier, for example, to flee a hostile country with Bitcoin
This feels like something that could be proven given the current climate. How many refugees from the multitude of currently-invaded countries are carrying their assets as bitcoins vs. traditional items of value and cash?
Given the tremendous volatility of a bitcoin investment, I doubt many people outside of the upper middle class have bitcoins to begin with, and I really doubt they'd buy bitcoins with what wealth they have access to before fleeing (traditional wisdom says that purchasing items with inherent value that are easy to carry).
But again, that's something that could be proven with the ledger. It would be a good story if the evidence backed it up.
This feels like something that could be proven given the current climate. How many refugees from the multitude of currently-invaded countries are carrying their assets as bitcoins vs. traditional items of value and cash?
Given the tremendous volatility of a bitcoin investment, I doubt many people outside of the upper middle class have bitcoins to begin with, and I really doubt they'd buy bitcoins with what wealth they have access to before fleeing (traditional wisdom says that purchasing items with inherent value that are easy to carry).
But again, that's something that could be proven with the ledger. It would be a good story if the evidence backed it up.