Crypto currency and vaccine passport attitudes: is there any connection?

[basketcase]

Yes of course there will be an overlap between people who distrust medical advice and those who distrust the financial system.

On the other hand, it seems a bit silly that people who claim technology they don't understand is being manipulated with covid support technology they don't understand with blockchains.

 

[canada-man]

the biggest example is bitcoin. the so called inventor refuses to show his face. no pictures of him are available

 

[Valcazar]

Dont be obtuse. Its a tool that will allow the unbanked of the world to conduct banking.

No it won't. People are unbanked mostly because they have no money. Crypto doesn't solve that.

It will kill the foreign remittance scam for overseas workers sending money home.

I presume this is only in a system where only bitcoin exists? (Or another single dominant cryptocurrency?)
Because if you have to convert money and someone charges a fee for it, you have the same remittance issue.

And allow for increased micro loan transactions which will lead to more economic prosperity in those nations.

How? What about crypto allows for increased microloans?

There is no "shadowy cabal". Its decentralized banking. Thats the beauty of smart contracts.

Crypto is highly centralized and the incentives tend towards centralization.

Its not SOLELY what its about. But that is the part that threatens the Banksters. And the USA Petrodollar.

Yes, a different small group of highly connected people having control over the money does threaten the current small group of highly connected people having control over the money.

 

[Butler1000]

No it won't. People are unbanked mostly because they have no money. Crypto doesn't solve that.



I presume this is only in a system where only bitcoin exists? (Or another single dominant cryptocurrency?)
Because if you have to convert money and someone charges a fee for it, you have the same remittance issue.


How? What about crypto allows for increased microloans?



Crypto is highly centralized and the incentives tend towards centralization.



Yes, a different small group of highly connected people having control over the money does threaten the current small group of highly connected people having control over the money.

They are unbanked because they don't have access to banks. How do you think people pay for things? Its cash in many places. But its also about loans and access to capital. Thats what prevents entrepreneurs from working.

Remittance go up to 30%. Crypto exchanges, to send is as low as .01%. Convert. Ive seen under 1% as well.

Crypto allows for ease of transfer. And there are more people with smart phones now than people with working toilets.

Crypto is decentralized.

 

[|2 /-\ | /|/]

5 votes let me bump it for you to get some more objective votes form your objective thesis on this subject.

Although I am starting to see what’s happening here. Yesterday I was on Twitter spaces with communist for at least 3 hours listening and they were talking about bitcoin and it was actually interesting observing their dynamics, fights, arguments, projections and the like.

At the end of the day they think they will make a better world. Didn’t seem like they supported bitcoin but maybe used it to lure people in. Although few tried to form some type of parallels and to say how it will help destroy capitalism. It just doesn’t make sense to me because you need a systematic approach to support all these people. They will still need to work even though they didn’t think so. Maybe when they have AI and robots maybe then but we are still early. They also were talking highly about Marx.

Then there was the hyper inflation argument and how people will use crypto to blame it when the currency goes to shit. Others are saying it’s a hedge against it. Then you get the ones taking about deflation.

But I can understand why these people such as OP are being threatened by it. Their economic experts are just prolonging the inevitable. This is why they are grasping at straws hoping to bring bitcoin down and into another idea when it’s not. Bitcoin is becoming unstoppable and without these human constraints and biases that ideologies come with.

 

[Jenesis]

This poll is doom and dumb. Shown by the lack of votes. LOL

 

[Robert Mugabe]

Crypto is mostly the currency of the underworld, it may be useful as a tool for poor countries to bootstrap their economy but only as a bootstrap, once their economy reaches tangible value they will transition back to traditional currency for a large number of reasons the most significant of which is that crypto is very volatility.

We are near the end of Moore's law, without exponentially increasing computational horsepower crypto is a dead end, it was dead end before but it is more obvious now.

El Salvador is thriving because of it.

In El Salvador, More People Have Bitcoin Wallets Than Traditional Bank Accounts

On September 7, 2021, El Salvador’s Bitcoin Law granting the currency legal tender status went into effect. Remarkably, in just one month, 3 million Salvadorans have acquired a bitcoin wallet: nearly half the population.

www.forbes.com

 

[|2 /-\ | /|/]

El Salvador is thriving because of it.

In El Salvador, More People Have Bitcoin Wallets Than Traditional Bank Accounts

On September 7, 2021, El Salvador’s Bitcoin Law granting the currency legal tender status went into effect. Remarkably, in just one month, 3 million Salvadorans have acquired a bitcoin wallet: nearly half the population.

www.forbes.com

Imagine how well people in Venezuela would have been even if they invested a fraction of their savings before the hyperinflation hit or a few years ago.

 

[Valcazar]

El Salvador is thriving because of it.

In El Salvador, More People Have Bitcoin Wallets Than Traditional Bank Accounts

On September 7, 2021, El Salvador’s Bitcoin Law granting the currency legal tender status went into effect. Remarkably, in just one month, 3 million Salvadorans have acquired a bitcoin wallet: nearly half the population.

www.forbes.com

What in that article says "El Salvador is thriving because of it."?

 

[Jenesis]

So what is this big “correlation”? Come on @fall - spill the beans about your little set-up poll to satisfy your assumptions on “motivation”

 

[Robert Mugabe]

What in that article says "El Salvador is thriving because of it."?

joke.

 

[fall]

So what is this big “correlation”? Come on @fall - spill the beans about your little set-up poll to satisfy your assumptions on “motivation”

Well, my hypothesis was based on the premises that (1) crypto undermines the government and (2) vaccine passports is an event associated with government power. So, if people make their decision based on their attitude toward the government authority, I would expect the majority of people to have the opposite attitudes toward crypto and vaccine passports, i.e. majority of people to choose options 2 or 3. The poll (although with very small sample size) does not support this hypothesis.

 

[Valcazar]

I wouldn't expect cryptofans to be specifically anti-government.