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Comment by pibechorro | Hacker News Reader

In any open market you are going to have the whole spectrum. You fail to mention the positive transformation and liberation of millions of people by crypto. From Nigeria, to Turkey, to Argentina millions are being saved from decades of financial isolation or straight up robbery by their corrupt institutions. You look at the glass half empty my friend.

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Sigh, this old hoary chestnut again. I don't suppose you'd have the thinnest shred of evidence of those "millions"?

Look at Turkish Lira inflows into crypto in recent months. You'll see the value. Also check out the inflow of USD as the Federal Reserve printed trillions of new dollars

Any evidence that this represents the common man freeing himself from the economic authorities and not just the privileged class using it for capital flight and tax evasion?

Any evidence this is the privileged class using it for capital flight and tax evasion and not the common man freeing himself from the economic authorities? In my opinion it doesn't matter. Good for all involved who are taking back control of their wealth

Putting your money into Bitcoin is the opposite of "taking back control".

C'mon

The real priviliged class uses regular banking, private banking services[0], they don't need bitcoin.

It's the Engineer in Nigeria trying to conserve his 5 figures at most wealth for his family who needs Bitcoin.

The 7 or 8 figures guy just calls his nearest bank and they will give him the whole package and even launder the money for him.

[0] https://www.investopedia.com/terms/p/privatebanking.asp

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