Post by MaxIsJoe in Real-world money considered harmful, I'm buying BTC, ETH, USDT

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Crypto will never be a viable alternative because there is simply no practical use for them currently, and in countries like Egypt; it’s impossible to resell or even buy crypto.

It’s so frustrating to see people (especially tech bros) constantly glaze over a piece of tech that simply is not accessible for a good chunk of the world, and can introduce risks to people’s lives for simply owning it.

Unless someone out there is ready to create an entirely new payment processor that can function in countries like Egypt, that also have a workaround for people there to own and use crypto, crypto will simply never be a viable alternative for a lot of people.

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Arvel126 days ago (1 edit) (+1)

in countries like Egypt; it’s impossible to resell or even buy crypto.

If it's possible to send money from card to another card, then it is absolutely possible to buy crypto. It's called P2P on most platforms.

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DREAM_SEARCH_REPEAT126 days ago

'If it's possible to send money from card to another card, then it is absolutely possible to buy crypto.' <- it would be impossible to buy anything in that scenario. You can switch to cash but you will be limited in safety (or keeping the money safe) and online transfers. And games will be least of your worries/interests.

'It's called P2P on most platforms.' <- Peer to Peer (P2P) for short is a method where you buy or sell the item (in this case a cryptocurrency) from another person without mid-parties. In those sites you contact a seller, if is available start a chat with him/her, pay via bank transfer/paypal/face to face with cash/etc, send the proof of payment and the other part transfers the coins to your wallet.

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Arvel126 days ago

> it would be impossible to buy anything in that scenario.

What do you mean? If it's possible in Egypt to send money from your card to another card, you can just register on any crypto exchange, go to P2P, find a seller and place an order. Then you go and send money from your card to their card and receive crypto from them on platform. If seller is in Egypt and there are issues with crypto there, then seller might get into some legal argument needing to explain why he got this money and if they're going to pay taxes, but I don't see any trouble for sender. There might be a way to sidestep this by saying it's a donation or present though if buyer and seller communicate this beforehand. Also, I think card to card transactions aren't limited to the same country or even currency? Maybe you can simply find a P2P seller of crypto for USD for example and send egyptian currency to their USD card, it will get automatically converted in-between. There most likely are limits for volume of foreign trasfers from card to card per month, but that's about it. Am I wrong with any of this?

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DREAM_SEARCH_REPEAT125 days ago

Sorry i misread. I though you wrote 'If it's IMpossible to send money from card to another card' sorry. My bad.

You are right. If it's possible to send money to one account to other. Yeah, you can buy in P2P.

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DREAM_SEARCH_REPEAT126 days ago

'Crypto will never be a viable alternative because there is simply no practical use for them' <- Bitrefill, coinsbee, eneba. Also there are stores and P2P markets similar to ebay that use payment in cryptocurrencies are not bit companies like amazon but exists. Another practical use is for savings. (if you are from a country with too much inflation or hyperinflation of course). I made donations to come back alive an ONG that works in Ukraine and pay with bitcoin. Also i pay my VPN with it too.

'and in countries like Egypt; it’s impossible to resell or even buy crypto.' <- Care to explain?

'It’s so frustrating to see people (especially tech bros) constantly glaze over a piece of tech' <- Chill man, we are just talking here, imagining solutions, not censoring anybody.

'simply is not accessible for a good chunk of the world' <- You can buy bitcoin in practically any place. Even Africans have bitcoin and use to buy stuff. Either acquiring via exchange or a P2P market or just working. Is not mainstream right, but not too niche or nonexistent.

'and can introduce risks to people’s lives for simply owning it.' <- what risks?

'Unless someone out there is ready to create an entirely new payment processor that can function in countries like Egypt' <- you can't set up something like that in a month or less than a year. Anybody can dream a new solution but sadly in this circumstance Bitcoin (or crypto) is probably the only existent alternative. (I don't think itch.io would deploy a crypto payment method anyway.) If you know any valid alternative to propose you can share it.

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