Ask HN: Am I going insane or is there genuinely no value in blockchain tech?

Re:Ask HN: Am I going insane or is there genuinely no value ... by tsimionescu on Saturday April 23, 2022 @04:45PM (#31138343)

Say you have 100 million Turkish lira, and suspect that Erdogan's terrible policies will reduce the value of that, so you want to buy bitcoin with it. How are you going to acquire BTC without access to an exchange (or some equivalent) that agrees to buy your lira? You could buy mining equipment and electricity of course, but then the state may crack down on your operation before you have a chance to recoup your investment.

And even if they don't, if you then want to buy tomatoes at your local market, how are you going to buy lira for your BTC without an exchange (or equivalent)?

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Re:Ask HN: Am I going insane or is there genuinely no value ... by davidguetta on Saturday April 23, 2022 @07:38PM (#31139772)

At 100 milion you will have access to people you and I dont who know schemes better than bitcoin to buy massive foreign cureencies..

Such as simple as buying a property in london

And for that:

> And even if they don't, if you then want to buy tomatoes at your local market, how are you going to buy lira for your BTC without an exchange (or equivalent)?

It seems u never heard of localbitcoins.net and equivalents. There IS a market

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