• Astroturfed@lemmy.world
    link
    fedilink
    English
    arrow-up
    3
    arrow-down
    1
    ·
    1 year ago

    So, what you’re saying is countries with volatile, unstable currencies that typically try to get their hands on as much USD as possible are more willing to use a currency other than their own? Man, that’s such a shocker. I cannot believe that someone would rather store their wealth in almost anything other than money printed by unstable governments that’s worth as much as a square of toilet paper.

    • Ceedoestrees@lemmy.world
      link
      fedilink
      English
      arrow-up
      2
      arrow-down
      7
      ·
      1 year ago

      Integration isn’t the same as substitution, it means I can pay a dev living in Indonesia in eth and they can deposit it to their bank without having to go through a third party, because it’s a hell of a lot faster, safer and easier than trying to set up an international wire transfer between banks who don’t speak the same language.

      Furthermore, if cryptocurrency helps a population regain control of their finances in a failing economy, how is that a bad thing?

      • Astroturfed@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        1 year ago

        Didn’t say it was a bad thing. Just think it’s funny that being usable in an unstable third world economy is about the only good use case for the amazing currency of the future.