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Comment by Proudmuslim | Hacker News Reader

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Proudmuslim·

Crypto isn't supposed to replace the hedges you mentioned- it's supposed to complement them.

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I don't need to complement them, and I don't sink hard earned money into hedges I don't need.

You enjoy your tulips, I'll enjoy my hilltops an friends.

I don’t think you understand how hard it is to protect your savings when all you have access to is 3rd world banks. I’d rather have 10k in eth then say Russian roubles or whatever shit local currency

The post I replied to was, in turn, replying to my post.

I do not live in a 3rd world country.

People in Eastern Ukraine did not have to protect their money from Puting until very recently. Now people are taping cash to their bodies in order to evade the war zone without getting it stolen.

I cover that scenario in the next paragraph of my original post.

Congratulations, I guess.

Actually, Ukraine ranks above average and median when it comes to HDI. At least a couple of weeks ago.

> I don't need to complement them, and I don't sink hard earned money into hedges I don't need.

> You enjoy your tulips, I'll enjoy my hilltops an friends.

If only all people who are not interested in crypto would be like this.

It does not have to be for everyone, but if it is so useless, I wonder, why it makes so many fiat enthusiasts so anxious to the point that they attack crypto enthusiasts.

Crypto is "supposed" to do 27 different, contradictory things.

What it does do is provide a speculative bubble with no backing assets.

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