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RE: Where are you from and what's the general outlook on crypto/blockchain there?

in Ask the Hive4 years ago (edited)

Great question, by the way!

On to the answers:

Finland.

I've been participating in discussions on cryptocurrency and blockchain on Facebook and the local cryptocurrency provider's forum. I've also talked about crypto on Finnish language Quora.

I'd say that despite generally being very tech friendly and open to adopting new technologies, Finland is not particularly open to cryptocurrency. A lot of people see cryptocurrencies as being in a gray area in terms of legality or acceptability. Finnish society and its institutions are considered to be working fairly well by the majority and most people see very little need for any sort of a disruptive change. A lot of people have their understanding of crypto stuck in the year 2013. Most people only know Bitcoin and it is associated with buying drugs online. Most people do not have any depth of understanding when it comes to monetary systems. Most laypeople with some knowledge of this subject matter seem to support the debt-based fiat monetary system. People have a great deal of trust in institutions including banks. The stability of the last 25 years seems to have lulled most people into complacency. Most people do not fully appreciate the fragility of the current state of the global financial system.

There is, of course, a subculture of crypto-enthusiasts like in any country. But it's small as is the number of libertarians or gold bugs or any sort of supporters of alternative economics. Statism is rampant.