Can you elaborate on this? If you can't do so in public, then I'd like to have a conversation about this. I'd like to know more about inflation issues and unbanked issues with regards to cryptocurrencies. To me, it always feels like "crypto marketing" (for lack of a better term), but I am also realizing that I'm living in a far removed bubble and find it hard to get out of it.
My email is in my profile if you feel it's handier to have a private conversation instead.
I think crypto is fulfilling one need at the moment which is: if you happen to have a super crazy inflationary national currency and you don't have access to actual dollars, then there's always cryptocurrencies that are most likely less crazy (in the inflationary sense).
Yeah that's exactly it. If your coin loses value by the second, you end up turning to whatever other asset you can find. If you can't acquire a state-based currency from a more stable country, real estate, or any other stable asset like stocks or index funds, you turn to crypto. There's lots of people with no tech background investing in stablecoins.
Can you elaborate on this? If you can't do so in public, then I'd like to have a conversation about this. I'd like to know more about inflation issues and unbanked issues with regards to cryptocurrencies. To me, it always feels like "crypto marketing" (for lack of a better term), but I am also realizing that I'm living in a far removed bubble and find it hard to get out of it.
My email is in my profile if you feel it's handier to have a private conversation instead.
I think crypto is fulfilling one need at the moment which is: if you happen to have a super crazy inflationary national currency and you don't have access to actual dollars, then there's always cryptocurrencies that are most likely less crazy (in the inflationary sense).