Hacker News Reader

Argentina at the time had an official rate that was 4 to 1 the black market rate. If I used the official methods I'd be paying the contractor 25% of what I promised. In the US, this is not a large issue, but there are many countries where the gov't can manipulate their currency and exchange rates.

Today’s (normal)money system is complex and still many of it is not transparent to the public. Ethereum is trying to build something with more transparency but also tries to create a space in which people can experiment with funding. ( see quadratic voting experiments)

There are lots of hoops I would need to jump around if someone would send be US dollars. Those would be frozen in my bank account, I would need to get an official papers (contract or something like this), translate it to the local language, notarize it and prove that those moneys are not from laundering stuff. And even then I might be denied to get those money if those papers were unconvincing.

With Bitcoin it just works with 0 issues. Also I don't need to pay taxes which is good thing as I don't like this government and don't want to fund it.