One of my favorited comments/threads:
One of my favorited comments/threads:
The comment argues that for people in stable, wealthy countries, Bitcoin can seem unnecessary or overhyped. But for those living in countries with dysfunctional banking systems, currency controls, or even mild corruption (like Argentina), it solves very real problems.
Traditional financial systems often restrict access to dollars, limit foreign transfers, and are vulnerable to government seizure or devaluation, leaving people with few safe options to save or send money.
Bitcoin offers a practical alternative for remittances, savings, and financial autonomy in places where the local system fails to protect or empower its citizens. While Bitcoin may look inefficient compared to ACH transfers in the U.S., it’s a lifeline elsewhere, and one that could become more relevant globally in times of instability.
Nomads are often unbanked too. When I was living in Vietnam for years, I was certainly under US laws and I obviously have to pay my taxes and follow Vietnam laws.
But, as a foreigner (especially one who doesn't speak the language), I'm still quite outside of the system there. If you've ever been a nomad, you'll understand that difference.