knapcio

You can use decentralised exchanges or websites like localbitcoins to avoid any institutions.

That’s an excellent question. I’ve been thinking about this topic a lot. Here’s some problems I think a good cryptocurrency solves:

- Trust: you don’t need to trust any authority or money emitter when using a cryptocurrency.

- Anti-inflation: It’s not possible to print e.g. bitcoin so you are not hit by the “inflation tax”

- Nowadays, governments and other institutions can easily block a bank account with very little reasons and then you need to go through a long process of proving your innocence. Crypto won’t be blocked. It’s like modern swiss bank hiding place

- A real property: it is one of the things that nobody, especially a government, can take away from you

- A war, blackout hedge: it’s hard to travel with gold when you can easily run away from a hot place to a better one keeping your whole fortune

- Probably way more use cases like easily transferring money around the globe etc

I also believe that crypto are in very early stage of their existence so some of the points may not fully apply yet but they are valid in a long run.

Don’t be scared to ask questions. That’s called science :>

I remember that early this autumn Sweden had to borrow energy from other countries because it relied too much on renewables which turned out to be unstable.

I’d also recommend it but encouraging to get familiar with the criticism around it before reading: https://www.reddit.com/r/AskHistorians/comments/jbrfqp/sapie...

Nassim Nicholas Taleb - The Black Swan: The Impact of the Highly Improbable

I’ve seen this project ages ago a it’s apparently dead now: https://m.facebook.com/NewWarsaw

They say it “reduces” the spread. There may be other factors which affect the situation in Spain. Also it’s not that hot now in most places there ;p

I don’t think this indicator is relevant anymore. Nowadays, it’s extremely easy for anyone around the world to invest in US stocks when in 2000/2008 that was nearly impossible in the majority of countries. I’m from eastern europe and invested in a few american companies a while ago. People underestimate the value of that.