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The bigger question behind all this in my mind is whether crypto actually solves any useful problem that anyone cares about.
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Very simple. Show me a poor, homeless person, that accepts credit or debit cards. In person cash works but over the Internet, across international borders? Crypto currencies solve this very simple problem.
Edit: Allmost all electronic payments systems are primarially designed to transfer wealth from the middle class or wealthy individuals to large corporations and governments. They fail badly when the payer is poor. As for when the recipient is poor they fail completly.