this post was submitted on 27 Oct 2024
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chapotraphouse
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I remember when crypto was "booming", there were a lot of people, or a few very loud people, that said that crypto could emancipate third worlders whose money was hard for locals to get the most out of but easy for big foreign speculation bubbles, as though people in the third world could afford $50 per transaction etc (or whichever problem crypto has, it has a lot of problems especially for broke people in poor countries). And, in the end, crypto was/is just an unregulated speculative asset.