makaveli on Nostr: There always has to be a problem or opportunity before getting into Bitcoin: ...

There always has to be a problem or opportunity before getting into Bitcoin:

quoting nevent1q…fyal

I see a lot of posts about Thanksgiving discussions on bitcoin. It’s usually from the American-style perspective, like trying to convince your normie drunk uncle and aunt, and they often don’t see the demand since they have top-tier money and their downsides are subtle. They are like, “why the fuck does someone need a BitCoin?”

Meanwhile, my husband’s equivalent Thanksgiving discussion will be far easier, since he is in Egypt with our family managing a new property build-out for nine people that we are doing, and their bank just blocked my payments to them for the next capital infusion for no stated reason. So now we have to do a bunch of janky high-fee remittance workarounds for a time-sensitive payment (like making your mortgage) and then expend our human capital to go to the bank in the US and figure out where this got blocked (our bank didn’t specify, but implied on Egypt’s side). Every bank sucks here. None of them were clear, which means the customer has to investigate.

The idea of self-custodial global open-source money would be inherently interesting to my family’s dinner if it catches on and starts to have more liquidity points in Egypt like it has in Argentina, Turkey, and Nigeria.

Meanwhile drunk Americans will be like, “What does a BitCoin do, lol?”