>How can we create a more equitable financial system, where everyone has access to banking services?
I don't think Crypto is a "more equitable financial system" but it is a more equal one.
I don't think Crypto is a "more equitable financial system" but it is a more equal one.
https://developers.slashdot.org/story/22/04/18/016252/is-git...
As for the oligarchs, they're still rich, but much less so, and they've lost many precious toys ( yachts, villas, football clubs).
Yes, the average Russian citizen is excluded from the rest of the world, and will bear the brunt of the impact. As they should, because they're the ones who mostly sat idly and allowed all of this to happen. I have zero sympathy for the average Russian whose inaction made them unable to purchase a new phone or car. They won't starve to death, and they won't be bombes to pieces, which are the prospects facing Ukrainian citizens suffering from the invasion which brought all of this on.
Speaking for a point of privilege right here aren't we?
What do you expect the average Russia to have done exactly? I’m curious what you would have done in their position.
When was the last time you've left the safety of your home to put your life on risk to protest against your government?
> When was the last time you've left the safety of your home to put your life on risk to protest against your government?
Many times. Admittedly the risk of arbitrary incarceration or death has always been low in my case, but it's because the places I've lived in didn't allow things to get as bad as Lukashenko and Putin's regimes are.
> because the places I've lived in didn't allow things to get as bad as Lukashenko and Putin's regimes are
Was it you or people who fought and died decades or centuries ago to achieve the presumably stable democracy you enjoy today? Please do not misunderstand I'm not saying your activism or causes are not important but trying to tell you that things are really tough outside the comfort zone of the first world.
I'm sorry but is just seems cruel, unfair and childish to expect that by starving people living in dictatorships they will just topple their corrupt government.
Also have you thought about the novel idea of old school policing to catch criminals instead of collaterally damaging the lives every single human in the world other than the 13% privileged who happen to be citizens of stable democracies?
But even then, hardly anybody seemed to care about making crypto work as a currency. It was all about the speculation/gambling, get-rich-quick schemes, and memecoin pump+dumps. Nobody bought their groceries or paid their rent with crypto, it was just the currency of darknet drugs and cybercrime. And multi-million-dollar exchange hacks seemed to be almost weekly headlines.
Crypto wasn't going well, even before NFTs came along, and before the environmental opposition to mining ramped up.
Of course, there are ways to obfuscate the money trail, but if they start handing out hard prison time and fines, that alone will probably deter most.
So while you still have a "bank", so to speak, you're still limited to whom you can do business with.
If you want a bank with a publically accessible ledger, fine, build it, or have your government publish all banking transactions. But don't pretend bitcoin can be an alternative to the current banking system.
They have all this tradfi regulation, and it's shit.
I think, some people are just a bit blinded by living in the handful of countries that have systems which actually work.