12 karma · joined March 15, 2022
Yes, they have access to the same economy.
> you have one more voice asking a centralized organization for protection, maybe with some regulation
I don't want regulation, thanks. Just have backups or smth. Only looking for governments to not ban it in order to allow users to convert their BTCs to fiat currency. But that is already kinda in place, because old school investors are asking for it.
> Ask that person in India if they're eager to "access to income the same way a person in the US would" (whatever that means)
It means that they can also earn a 100K salary in USD, thus not being affected by inflation
Depends on the L1 that you use. If you think of BTC, yeah, fee could be high (not if you are sending 1M), if you think of a proof-of-stake L1 then not much. Also depends on the TPS. Again; thinking about Hyperliquid.
No, you don't need to worship Amazon in a libertarian system, Amazon lives thanks to regulation (Amazon supports raising the min wage), and other import fees & tax exemptions that smaller businesses can't afford to bypass.
Centralization could be good, sometimes (if it works idk). The problem is that the financial world has been monopolized by certain entities and the barrier of entry is enormous. It is never fair to not play by the same rules when regulation favors big institutions, etc... Access to credit is difficult sometimes and unfair. But that is just a reason you could give in the US.
Decentralization ensures that countries that condemn their citizens to raising inflation can access other types of income. Some argentinians get paid in USDC, because their currency is just worthless in other countries, and they would never be able to access USD in their banks.
Decentralization (I have in mind something like Hyperliquid or even BTC) ensures that everybody in the world have access to the same economy without intermediaries asking for a fee. Which means, a person in Indian can access to income the same way a person in the US would. Or you could do a transfer overseas with less fees or regulation problems.
Decentralization doesn't benefit society? umh...
yeah, "a while" = 1 month. https://edition.cnn.com/2022/08/31/business/nord-stream-1-eu... "the most basic" aka cnn