Скобиформ  🇪🇺

Even if you don't want to believe it, #HashCash is already running everywhere in the background.

I am in favor of HashCash if:

✅ 0.00% emissions
✅ Faster cross-border payments
✅ Cuts out middlemen that steal money
✅ Gives more control over finance (DeFi)

Nov 21, 2024 at 9:07amWeb
Show threadCyberFrogNov 21, 2024
@scobiform this is more or less what some projects like Monero manage to do, but people always get mad when I point out that crypto payments can be useful and good if you implement them in basically any way that isn't just bitcoin, because bitcoin is shit lol
Show threadСкобиформ  🇪🇺Nov 21, 2024
@froge Many people don't understand the major challenges faced by workers from non-Western countries who send money back to their families. In the past, banks often charged fees of up to 50%. Supporting traditional banking systems over sustainable cryptocurrency alternatives overlooks these financial burdens on international workers.
Show threadCyberFrogNov 21, 2024
@scobiform a significant amount of the aid money sent to places like Ukraine is also in cash these days, and cash is often hard to get or supply, so even the UN is funding people like Ukrainian war refugees with crypto these days (as well as the EU investing into similar projects)

like the reality is that there is useful technology here and people who keep pretending there isn't anything useful are missing the benefits because they don't want to acknowledge something they dislike can be helpful lol
https://www.wired.com/story/ukraine-crypto-refugee-aid/
In Ukraine, Crypto Finds a Purpose

The UN’s refugee agency has partnered with blockchain and money transfer companies to get vital aid to people displaced by conflict.

WIRED
Show threadСкобиформ  🇪🇺Nov 21, 2024

@froge When it comes to money, people tend to think in black-and-white, almost religious terms. The political left, in particular, often hesitates to engage with financial markets for their initiatives, which ultimately weakens progressive movements. This frustrates me because sustainable alternatives to Bitcoin and Ethereum exist, as you mentioned.

Take Ukraine as an example - TASCOMBANK continues developing digital currency infrastructure.

https://stellar.org/press/tascombank-hryvnia-nominated-electronic-money-pilot-report-recommends-adoption-of-blockchain-to-transform-the-payment-landscape-of-ukraine

Similarly, the European Central Bank (ECB) is progressing with the digital euro project.

Those who completely reject these technological advances risk falling behind as financial systems evolve.

Stellar | TASCOMBANK Hryvnia-nominated Electronic Money Pilot Report Recommends Adoption of Blockchain to Transform the Payment Landscape of Ukraine

Stellar, or Stellar Lumens, is an open source, decentralized protocol for digital currency to fiat money low-cost transfers which allows cross-border transactions between any pair of currencies.