Not in the slightest. The US is a fine country. But it lags behind in banking and payments.
Acrually I take this back, the US is not a fine country, it's an utter mess.
And part of the problem is that whenever someone points out a way in which it could improve, especially with an proven example from the rest of the world, the mental shutters come crashing down, and it's assumed that you're "hateful". Like trying to help someone do the beneficial thing that other people do is an act of hate now? It makes sense only as pure projection.
I don't know, you'd have to ask the police why they keep funding their police department with seized assets from people without trial or even suspicion.
100% separate issue from the credibility behind crypto users evading the law.
Bitcoin is the solution to the fundamentally broken debt-driven economy. Critics don't get it because they lump it together with "cryptocurrency". While technically a cryptocurrency, Bitcoin does not exhibit any of the ponzi, scam-like shenanigans that are easily observable in shitcoins. Yes, there is a lot of crazy stuff happening with wash trading - but this is a byproduct of lack of regulation and has nothing to d…
I have a deep understanding of all of the latter. I work in capital markets daily. I do not know anyone serious with my level of experience in the actual markets who thinks bitcoin is the answer. There are several issues with tradFi. Pointing that out is like saying the sun will rise tomorrow. In some cases, people are working on a fix. In other cases, the inefficiency and criminal activity is not ceasing because the…
Bitcoin is not ever going to replace the fiat economy, it simply solves the wealth preservation problem by acting as gold v2.0. This is a huge deal as most empires in history have risen and fallen via currency manipulation, hurting millions of people in the process. The life preservers have finally arrived, just in time.
> In the future I expect to see BTC to mainly utilized for these types of financial transfers and less as a long-term store of value. I have, in Sweden, the options of Swish and SEPA to transfer money. Swish is internal to Swedish residents, so to anyone who has Swish tied to their bank account I can instantly send money knowing their phone number. With SEPA Instant Transfer I can send money anywhere in the EU, up to…
Not all of us have the privilege of having been born un Sweden. Your comment reeks of privilege and dissociation with the rest of the world, where things work very differently.
I wasn't born in Sweden either. If it reeks of privilege is due to your own insecurities, I gave an example of something that already works and exists in the real world.
Just FYI: I come from Brazil where I lived for almost 3 decades, I grew up during hyperinflation, get off your high horse, mate.