News for hackers. Stuff that matters.

A comment on Cryptocurrencies Have Broken Almost All of Their Major Promises. Parent comment

Re:Cryptocurrencies Have Broken Almost All of Their Major Pr... by jacooper on Wednesday June 15, 2022 @05:42AM (#31750878)
And the people who criticize crypto don't really understand why would you use crypto.

They have a stable government, a stable currency, a free Democratic system, they see no reason to use crypto because they have never lived in a sanctioned or very corrupt country with no freedom and Dependant on a financial system and a mother countries decisions without any influence over them.

These people are only about 15% of the world, you are lucky if you are born or living there.

I think this video explains it very well, from a north Korean citizens point of view, even though I don't agree that BTC is good for this, its similar to digital gold now, its vrry inefficient almost no one uses it IRL.

https://www.youtube.com/watch?v=cR4sMsI8z7U

[ Parent | on HN ]
Re:Cryptocurrencies Have Broken Almost All of Their Major Pr... by MomoXenosaga on Wednesday June 15, 2022 @06:06AM (#31751002)
The current marketcap of crypto is made up of people in the first world investing.

I don't want to be a dick but if you live in Venezuela or North Korea you are irrelevant to the world economy. There is a Dutch saying "wie betaalt bepaalt".

[ Parent | on HN ]
Re:Cryptocurrencies Have Broken Almost All of Their Major Pr... by colordrops on Wednesday June 15, 2022 @12:32PM (#31755486)
What the poster is saying is that cryptocurrency is relevant to them, not that they are "relevant" to the world economy, whatever that means.
[ Parent | on HN ]