>As I understand I need to do something that's pretty much exactly like opening a bank account It's hard for governments to control crypto currencies and I'm sure some of the wealthiest people in the world now keep a certain small percentage of their wealth in cryptos as well as a hedge against fiat currencies, stock market crashes, etc. You could pay some company to store your gold, but perhaps in times of crises a government might step in and claim some of your gold.Ĭrypto currencies can be easily held in a digital wallet or people can even just memorise the keys to their wallet in their brain. If you keep gold in your home, at some point someone might break into your home and steal your gold. Gold can be nice as well of course, but it's difficult to transport. So in my view, it's pretty nice as an alternative to holding gold. Sure that true, but in the long run I am confident the value will only go up, whereas many fiat currencies will only go down, especially now due to QE (basically printing money) that's happening in Eurozone, the US, and many other regions in the world as well. Now some people will probably want to tell me that it's a bad store of value, since the value can fluctuate quite a bit on a day-to-day basis. I feel it's also a pretty decent store of value. įor arguments sake, if someone is in the scenario you describe, what are good initial resources for a nontechnical person? For instance, should I use something like a coinbase wallet? Even (especially!) when society is collapsing, there's always someone out to scam you. Especially for nontechnical folk, and even for technical folk. #TWITCH LEECHER 1.8.4 PLUS#Plus the parent poster made fair points, based on my limited knowledge, about accountability issues with cryptocurrency. Generally speaking )įor example, all of the more specific examples folks talk about below (Argentina, etc). Just that genuine, specific, examples are more compelling than generalized scenarios. I'm not even arguing that cryptocurrency couldn't have value in the scenario you describe. Heck, even when society actually is collapsing, the argument isn't actually that great an argument! I don't know much about this world.īut, like, the classic "society could collapse" fear-and-doubt, doom-and-gloom, grab-the-gold-and-the-burner-laptop-and-the-ammo argument can be used for just about anything. Ridiculous but have happened as well, so I have proxied IBAN that starts with GB instead of UA and that always works.įair. Sometimes it’s less dramatic and web interface of your bank doesn’t have regexp for IBAN format of destination country. Of course you can still bring cash or btc in and sell it at market rate plus some margin, but not 30 damn percent. Guess what? It is converted back to USD at a market rate. I sit in a third country, withdraw it through ATM. and is sold for UAH at government mandated rate. So 2014, fucking Russia is being Russia again, USD wired from foreign clients goes in. Not enforceable in practice, except I can’t make wires between two. Like seriously - for the first 30 years of my life it was outright illegal to have a bank account in a foreign country in my name. Check your privileges, sweet summer child. That indeed is a bunch of real situations that have happened to me in 2014-2015 and some of that is still a thing. > Does this hypothetical situation you describe exist anywhere outside of the hypothetical situation posited by a character in a Neal Stephenson novel? That is something all P2P developers should aspire towards. Instead, you use it because it's genuinely the best at what it does: it being P2P is not a selling point, it's just how it happens to work, and that is exactly what it should be. It's a tool that doesn't pitch that it's a P2P tool - it doesn't try to convince you with sob stories about how using P2P helps fight against the big bad evil web. And for that alone, it has my immense respect and attention. #TWITCH LEECHER 1.8.4 INSTALL#Not in the sense that there is a very-well oiled marketing machinery talking about Web 3.0 that allows its founder to go on TechCrunch and talk about the upcoming distributed paradise.īittorrent works in the way you install it into your computer and it does something for you. Not in the sense that there are a few company-made swarms hosted on industrial servers that keep everyone up and alive, so that the thing gives the impression the 'P2P' network does work. It works not in the sense that there is a white paper that should work. Let me tell you this: Bittorrent is one of the few things in the space that actually.
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