> Given that cryptocurrencies don’t produce anything of material value
I've read this "crypto has no use-case" meme a lot recently, and it's always perplexed me. Crypto is clearly the easiest way to do international payments right now, particularly for countries with restrictive capital controls, like, for example, Argentina (https://www.bloomberg.com/news/articles/2021-08-13/argentina...).
Sometimes this is qualified as "crypto has no use-case except crime", but what obligation do I, a US person, have to follow or respect corrupt Argentinian regulations?
I've read this "crypto has no use-case" meme a lot recently, and it's always perplexed me. Crypto is clearly the easiest way to do international payments right now, particularly for countries with restrictive capital controls, like, for example, Argentina (https://www.bloomberg.com/news/articles/2021-08-13/argentina...).
Sometimes this is qualified as "crypto has no use-case except crime", but what obligation do I, a US person, have to follow or respect corrupt Argentinian regulations?