In recent months I changed views and shifted from the desilluioned "this is a casino" mindset that is described in this article to a "we need this now" one. An example in this article [1], the US can now unilateraly decide to prevent an individual anywhere in the world from having a functioning financial life and this because of the quasi (western) duopoly that is Visa and Mastercard. Nothing against the US in general, this is simply too much power to put in a single decisional entity, whatever/wherever it is. The "crypto" related systems now seem like a needed extra option to the current payment system (the same way cash is almost always an alternative to credit/debit card payment and vice versa)

[1] https://www.lemonde.fr/en/international/article/2025/11/19/n...

▲

VieEnCode 2 days ago | parent | next [-]

If, after all these years, Crypto has not become a stable store of value that can replace a fiat currency and let you buy your groceries with it, why do we suddenly 'need it' to do that now, and what would change that will enable that to happen?

	▲	maaaaattttt 2 days ago \| parent \| next [-]
		It's still not possible because of the high speculative aspect (even though stable coins offer some form of alternative but since they are anchored on the dollar, not so much). Change will happen when more people are impacted by unilateral decisions. If all of a sudden the US decided you/your business/your political party/your government is not aligned with their views, they could make sure that Visa/Mastercard/Paypal/Stripe/... stop accepting payments for that given group. Then you realize there are very little alternatives ready to go in that case (for online payments there are, but for physical ones not so much). So far this hasn't seem like a possibility at all, but, in my view at least, this has changed this past year.
	▲	kikimora 2 days ago \| parent \| prev [-]
		Stablecoins work just fine. Not sure what is the problem you are referring to?

▲

dogman144 2 days ago | parent | prev | next [-]

Understanding crypto from this type of international context focused on these sorts of issues is where it indisputably makes much sense and is seeing indisputable adoption. Low and slow but end of the day to a very large and growing problem, bitcoin+ adoption or a mass civics readjustment in the US are the solutions. Which is more likely?

So it’s an inefficient tech with a mess of problems and uneven adoption but if you want to send $1-$1mm anywhere in the globe you can. That’s very powerful tech and the implications are about as important as anything else from cryptography hitting public adoption. And all of those have been consequential.. see 30 year fight about e2ee.

▲

brachkow 2 days ago | parent | prev | next [-]

This is very important point, that people from US and EU oversee.

I live in EU for many years, but due to my birth country being sanctioned I can't use any financial instruments like investing or even simplest savings deposits. Getting mortgage or loan is also much more harder for me, even tho I have much better financial situation than average person in that country. Apart of that I need occasionally go to the bank in person to proof the bank that i'm good person with valid documents under the threat of freezing my funds and closing my accounts.

Funniest thing in that is all these sanctions are issued by EU and US, and not by the country I live, where i'm pretty welcomed.

▲

gwbas1c 2 days ago | parent | prev [-]

That's just the money cycle. Ray Dalio explains it in his new book, "How Countries Go Broke, Principles for Navigating the Big Debt Cycle, Where We Are Headed, and What We Should Do" (https://www.principles.com/)

The short explanation is that every major currency goes through a cycle; and what you're seeing is the late stage in a currency.