You definitively live in the first world. As a person that lived in a third-world, dictator infested country for 3 decades, I can tell you, OWNING your own money is LIFE CHANGING. I prefer not to have games, or netflix, or anything, but have financial certainty.
For you guys money is a done deal. For a HUGE part of the world, something as basic as money (or even water) is not. Try to be a little bit more empathic.
I live in a 3rd world country too (Switzerland) and i can tell you that the stability of our money (politics?) is 90% of our wealth, otherwise we would have literary nothing (with the exception of water (but who knows for how much longer)).
>>The term Third World was originally coined in times of the Cold War to distinguish those nations that are neither aligned with the West (NATO) nor with the East, the Communist bloc.
The people in Lebanon, Turkey, Venezuela holding USDT on Tron would hard disagree with your statement.
There are capital controls in place in these countries that make holding foreign currency simultaneously difficult and illegal.
This is why I believe a US CBDC and CBDC wars are highly likely.
A CBDC allows nations to control those nations that use their currency and the increasing it’s use allows the issuing nation to debase the currency to their advantage.
The only problem is distribution of technology but this is only a matter of time.
For you guys money is a done deal. For a HUGE part of the world, something as basic as money (or even water) is not. Try to be a little bit more empathic.