News for hackers. Stuff that matters.

A comment on On anti-crypto toxicity. Parent comment

Re:On anti-crypto toxicity by cuteboy19 on Wednesday April 20, 2022 @02:41PM (#31101164)
There are very few people who do not use a bank account but still use cryptocurrency.

This fantasy of banking the unbanked has remained a fantasy. In fact it is so impractical that barely anyone is working on it.

Meanwhile technologies like UPI have actually transformed people's lives and actually made banking accessible to millions.

Why focus on a dead end technology like crypto when we already have better options?

[ Parent | on HN ]
Re:On anti-crypto toxicity by Consultant32452 on Wednesday April 20, 2022 @05:18PM (#31103143)
Is that system impervious to being shut down by a corrupt government like we saw Canada do recently when it locked the accounts of its own citizens?

Why focus on dead end legacy currency controlled by corrupt governments when you can adopt more modern modes of transacting?

[ Parent | on HN ]