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Originally Posted by karl262
This is all great for functioning G7 banks. Talk to someone about basically any other banking system and then tell me crypto doesn't have a purpose in the world today. I've spoken to Nigerians and heard some stories...
Africa will be where we first see mass adoption of blockchain for day to day life. It's not just money, it's so much more. Lex Friedman did a podcast with Charles Hoskinson recently, if you find yourself questioning why this tech is so revolutionary and want to challenge your beliefs give it a listen.
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Well my first point was that being in the G7 has crap all to do with the quality and cost of personal banking services. US is a G7 country and has laughably archaic services. Finland is not and has services among the best kn the world.
Also cryptos have massive issues of instability, unsafety, privacy and outright scams, which are exactly the things you don't want from your banking.
Cryptocurrencies have crap all to do with quality of banking services one way or the other, and there's no actual way they could be a difference maker in that regard.
I'd say that "if you believe that, I have some cryptocoins to sell you", but I guess we're past that point already.