Check Your Financial Privilege

What Hacker News says

1. FabHKMar 2024
   > Lewis gave SBF all the rope he needed to hang himself with, and that was all he needed to do.

   Very nicely put.

   Book recommendations: Faux Number go up is beautifully reported, in particular on the many scam and trafficking victims, the culture (Bored Ape parties), some of the players (eg SBF, the Tether people, etc.), and the underlying anarcho-capitalist mindset.

   On the impact on the underprivileged (that the "check your financial privilege" and "banking the unbanked" predatory inclusion crypto crowd purports to care so much for), the green-washing of Bitcoin, the crypto philanthropy "bad samaritans", Metaverse and Web3, check Peter Howson's Let Them Eat Crypto.

   Ben McKenzie and Jacob Silverman's Easy Money is another non-technical examination of fraud in crypto, El Salvador, and the severe consequences for victims.

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2. kobalskyFeb 2024
   having something like zelle on your phone makes it hard to understand.

   I'd recommend reading "Check Your Financial Privilege".

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3. fabianfabianNov 2022
   Sure, if double-spending has been solved for you, you don't need a blockchain. It hasn't been solved for everyone yet though. A great book to learn about this is: Check Your Financial Privilege (https://www.amazon.com/Check-Your-Financial-Privilege-Gladst...)
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4. aeschylusApr 2022
   > People don't have problems sending money from A to B.

   Respectfully, this is a deeply ignorant and factually incorrect sentence.

   This indicates to me that: you have never travelled outside a limited set of highly-developed countries; never met anyone from a developing country; never had to send anyone more than $10,000; never had to send or receive money from another country; never met anyone who sends or receives remittances; never done any cross-border business transaction requiring FX conversions.

   In some of the above instances, it is technically possible to send money from A to B, but only at very high cost, slowly, and with serious privacy and, at times, physical safety tradeoffs.

   I would encourage you to look into how those usecases currently function, in a nuts-and-bolts way. It is ugly. A decent book on this subject is "Check Your Financial Privilege", by Alex Gladstein.

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5. aeschylusApr 2022
   I don't subscribe to Netflix because I'm not entertained by such things. That doesn't mean others don't have a need for low-cost narrative diversion.

   The fact that you don't acutely feel the need for a trustless digital money is very telling of your position in the world. I would recommend you read the book "Check Your Financial Privilege", by Alex Gladstein. You will find that, as an absolute fact, the use case is in extremely dire need of solving, and Bitcoin is the solution.

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6. xiphias2Mar 2022
   ,,I can send money anywhere for basically $0''

   This book (Check your financial privilege) written by a human rights activist is just for you:

   https://www.amazon.com/Check-Your-Financial-Privilege-Gladst...

   ,,anyone born into a reserve currency like the euro, yen, or pound has financial privilege over the 89% of the world population born into weaker systems.''

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