Sina Habibian
@sinahab
good piece about crypto in Argentina, read after an FC rec by @dwr.eth yesterday: https://www.freethink.com/technology/crypto-argentina-black-market-cash it’s worrying to learn about the layers of intermediaries here. some of what comes to mind:
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Sina Habibian
@sinahab
Crypto does provide value propositions that don’t strictly rely on a user custodying their own funds. As demonstrated here, there’s an ability to exit local disfunction and plug into a global store of value/payment system. Users get these benefits even if through an intermediary.
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Sina Habibian
@sinahab
But this has inherent vulnerabilities (the cuevas storing funds on Binance for instance), and structurally limits how integrated the end users become into the crypto economy
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Sina Habibian
@sinahab
I think this is happening because the current state of crypto/wallet infrastructure requires users to pick either security or convenience; and expecting someone to manage private keys is unreasonable (and proven to not happen at scale).
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Sina Habibian
@sinahab
The problem is downstream of the key management problem (and the overall complexity of using crypto today — needing to setup a wallet, looking at a block explorer when transactions fail, etc etc).
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Sina Habibian
@sinahab
But these problems have solutions, and one big part of the solution is smart contract wallets.
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