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cosmosofinfinity
The Majority Report w/ Sam Seder
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Comments by "cosmosofinfinity" (@cosmosofinfinity) on "Sam Seder Debates A Crypto Fan" video.
In some post-WW3 world, what places will you buy stuff with crypto when electronics and internet themselves are possibly disrupted? I think China has demonstrated the dangers of a cash-less society pretty well already. Can any Ukrainian crypto bros fill me in on what they are able to buy with crypto in the war-torn regions? I think regular money would be close to worthless in such an environment, let alone virtual money Virtual money is just regular money with extra steps. Virtual money's value seems dependent entirely on regular money. If virtual money can't justify its value proposition on its own, without needing to compare to regular moneys, then it's just always going to play second fiddle. American dollars can buy American products within America without any concern for the currencies of the rest of the world and how they translate with each other because America is America, and that's why is shifted to fiat currency a long long time ago. Cryptocurrency shouldn't even need a doomsday scenario to justify itself, it should justify itself in the here and now. There's plenty of crises already ongoing right now, and cryptocurrency is depending on some extra new fantasy super doomsday to give it the spotlight to finally prove itself? Why are normal conditions not enough for crypto to prove itself?
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