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20 sats \ 0 replies \ @xanny 20 Mar 2023 \ on: Bank Failures Are A Feature, Not A Bug bitcoin
A large part of why my dad saw value in Bitcoin all the way back in 2013 even though he is not a techie guy at all is specifically because he is Cypriot and knows all about what a corrupt government can do when citizens have no financial sovereignty... in the Cyprus banking crisis they literally stole money straight out of people's bank accounts.
Plenty of people outside of the comfortable West need no explanation as to why these concepts are so vital. This is a large part of why we are seeing less wealthy nations like El Salvador adopt Bitcoin as legal tender.
That and of course the geopolitical reasons (no more dependence on the USD means the US gov has less leverage over the country and so on).