Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> Bitcoin can provide uncensored access to financial services

Example needed here, how are people with less financial privilege censored by fiat? Loan conditions? Definitely not, that's just the financiers not wanting to issue risky loans.



Ukraine is a current example

Fiat:

- People unable to withdraw the money in Ukraine.

- Refugees being robbed of their live saving during their escape.

- Refugees unable to deposit/exchange Ukrainian currency.

vs

Bitcoin:

- Refugees being able to flee with their live savings safely stored by memorizing 12 words

- Refugees being able to access their savings in other countries simply by having access to a smart phone

- Ukraine being able to receive global donations while national banks being not operational.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: