I mean they "work" in the same sense that taxis "work" in SF. Technically, yes. In practice, no. I once tried to buy Euros and hold them in a bank outside the US, the best I could ever get done was to buy shares in an ETF.
No, I'm saying that if I want to buy gold or any other asset, I can do that without any crypto-anything. If I want to send spendable currency somewhere, that's a different problem.
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I cannot buy gold that is decoupled from the US without actually storing gold in my house. I hope you will admit this is significantly less convenient than Bitcoin.
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Absolutely!
End of conversation
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