Wow, it’s like just hearing the same stuff being regurgitated.

Please, if you’re going to be an advocate for crypto, at least be a good one.

These BS talking points might work on weak minded people desperate to get rich quick but some of us actually know quite a bit about this topic and aren’t buying it.

ARPANET was a government sponsored program that was mainly used by researchers and academics.

It caught on as people outside that community began to realize the potential.

Your argument is completely disingenuous (as are many crypto arguments) because in the 1980s and early 1990s a home computer was quite rare.

People couldn’t adopt a technology they had no idea existed and that they had no way to access.

The big difference between the internet and crypto is that as soon as people did become aware of the internet, usage grew and, really, has never stopped growing as more and more devices are still being added to the internet.

Crypto, on the other hand, constantly goes through boom and bust cycles based almost entirely off the premise that newbies can get rich.

It’s more like a perpetual pyramid scheme than it is anything like the internet, which has actual utility people almost can’t live without.

> Buyers and sellers absolutely do not need a third party unless there’s fiat involved.. This is a fiat problem not crypto

And I have now made this point for the third time because you keep ignoring it.

Crypto decentralization is doomed to failure unless 100% switch to crypto because as long as people exchange fiat for crypto, crypto isn’t decentralized.

That’s why crypto is such a farce. Satoshi created Bitcoin right around the time of the great financial crises in 2008.

One of the underlying assumptions is that the world will spiral into a period of massive hyperinflation rendering most fiat worthless.

That was the whole reason for decentralization.

I have a friend who wrote two books about crypto at that time and his books are filled with making the case that when people are bartering bullets and guns for food, crypto will be king. Easy to travel with, can’t be stolen, etc.

But when that didn’t happen. And, the crypto community, as it always does, simply changed the definition of success.

> Your problems seem to be with on- and off- ramps not with crypto to crypto transactions.

No, my problem is with calling something that is centralized, decentralized because too many people in the crypto community are too ignorant of what decentralized means to understand the vast majority of crypto is actually very centralized.

Basically, the entire DeFi space is just a bunch of people that are telling their marks that things are decentralized when, really, the true objective is replacing who is control of the centralization.

Every time crypto touches the physical world, it has to be centralized.

And that just means that all you’re doing is changing the name of the people that profit.

It doesn’t solve any new problem, it’s just a wealth transfer.

In 13 years, tell me even one thing that crypto does that’s easier, less complicated, or is superior to the existing system.

Even transferring money from my US bank to my Thai bank involves half the number of steps and is cheaper.

And that was the premier use case for crypto, moving money across borders.

It can’t even do that better.

> You are somewhat wrong about mistyping addresses. There are checksums which prevent simple errors.

You were smart to caveat that with the word “somewhat” because you welll know that this isn’t true. Just go to any crypto sub on Reddit and you’ll see plenty examples of people losing their coins by sending them to a wrong address.

But, you know, it’s only been 13 years and they haven’t solved this basic problem. The future must seem so bright to people like you. Imagine one day, crypto being as safe and easy to use as . . . What we already have. LOL.

> I’ve sent large amounts of Bitcoin internationally as well and it was much better than using a bank wire, both in terms of time and cost.

A bank wire? You’re comparing Bitcoin to a bank wire?

This is what we call using a selective example.

Is it easier and cheaper than using TransferWise? Or local solutions like DeeMoney?

No, it’s not. And if you go around the expat community, you’ll find very few expats that use crypto for transferring money across borders.

Hell, most don’t even use bank wires. Bank wires aren’t really intended for small transactions.

So, you’re using the wrong tool and then declaring it inferior to crypto. Nice one. LOL.

> Again, it sounds like mostly you have an issue with your Bhat on and off ramps and the local Thai Bitcoin exchange, not with crypto transfers themselves. Please never pay $40 to move Bitcoin. Lightning would be 1¢.

Please check what I said, I quoted the $40 fee for Coinbase, you know, one of the largest crypto exchanges in the world.

I didn’t even bother checking the price of what it would cost me on the sell side because the buy side was already more expensive.