two examples illustrating benefits already existing: wikiLeaks continued receiving donations via crypto when legacy payment services locked them out. venezuelan families were able to feed themselves when the local fiat currency collapsed bc they were using crypto. https://twitter.com/cmuratori/status/1445118135200206855 …
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Replying to @mormo_music
I don't think you're answering his question which was about how those benefits "flow from the technology". "having another means of payment when a central one collapses" is, of course, beneficial. But that could be true for other solutions.
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Replying to @skore_de
it was not true for other solutions because of political pressure. the permissionless nature of Bitcoin etc made it possible. this benefit *very clearly* flowed from the technology.
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Replying to @mormo_music @skore_de
That is not technology. That would have been true of BitCoin if it were simply a series of regular servers, no blockchain. BitCoin facilitated the payment because it was new, and therefore, not yet regulated.
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This is the core misunderstanding that people have about cryptocurrency. They continue to cite examples where are not technological, but rather social. When we talk about "cryptocurrency", we are talking about the _technology_ of cryptocurrency, not the _use_ of it.
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The examples you gave would have been possible with any kind of unregulated currency. There is no need for the blockchain in your Wikileaks example whatsoever.
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I already wholeheartedly agree that the world could benefit from a federated currency exchange that is not at the whimsy of a few strong government actors. The question is not that - the question is whether we need _blockchain_ for that, because it is a very costly tech.
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Separately, I apologize for being dismissive, but if you thought the Venezuela example was convincing, then you don't have the level of technical knowledge necessary to participate in this discussion.
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I will be doing multiple interviews with actual technical people who understand how cryptocurrency works, and I will be asking them to elaborate on all of the things that I have not heard satisfactory answers about.
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So these questions _will_ get ironed out shortly, but it will take a few weeks of recording Zooms for YouTube :)
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