The Transferwise borderless account is pretty good, at least I much prefer it to Revolut - since SEPA transfers happen same day, the app is better and the debit card is free.
And FBcoin won't make it any easier, capital controls in India and China won't just go away (not that FB is even allowed in China). Centralized entities will be regulated to maintain the status quo.
I think you missed the onion routing part. The route is determined by the sender, forwarding nodes only know who they received from and who to forward to, as with TOR.
Yeah, but there are two sides to that (voluntary) transaction. The person bidding for labor and the person offering their labor. If the buyer and seller can't agree then the transaction doesn't take place. The value of the labor is subjective.
What you're talking about is investing+speculating, not saving. By the same logic investing in the S&P500 over the 1999-2009 decade would have been worse than cash. You save money, you invest/speculate to earn a return -- which requires taking on downside risk.
What will Coinbase do if there is a contentious hard-fork of the Ethereum chain and different USDC supporting exchanges decide to follow different forks?
Lots of people (millions) share the same wallets (technically addresses), as they hold coins on exchanges. The richest bitcoin addresses are the cold storage for the exchanges.
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Gini coefficient of 1.0 means that a single person controls 100% of a country’s income/wealth, North Korea scores 0.86, the rather unequal United States scores 0.41 and bitcoin scores an astonishing 0.88.
This was a bizarre section, and I wanted to make some points about it:
1) The distribution of bitcoins among individuals is not known, any claim to the contrary is false. If you want to make estimates, include the massive uncertainties.
2) Assets do not have Gini coefficients, groups of people do. The distributions of helicopters or Google stock are also very unequal. If you care about wealth inequality among crypto hodlers you should measure that. Conflating the distribution of an asset with the distribution of wealth seems meant to confuse.
3) When bitcoins had 0 value they were much more unequally distributed than now. People starting to value them is the mechanism by which they get distributed. The process is gradual. The more people value them, the more value they accrue.