I’d argue yes, because according to these women, nothing else worked. Not foreign aid/policy, not their government. All they needed was an internet connection, or in some cases, just access to SMS.
They were paid in an “asset” that held value better than their own currency, stored in their head.
They were paid in an “asset” that held value better than their own currency, stored in their head.
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Do you have any *evidence* that this sort of use is accelerating? Because most of the momentum I see in bitcoin and crypto is from ultra wealthy & bankers adopting it as a speculative gambling asset
The fact that they are now joining in speaks wonders.
If the grand scheme for bitcoin adoption is as a network for ultra rich people to gamble on, yea that seems to be coming true.
It’s not being adopted as a currency, means of exchange or much else.
Fiat currency lacks the store of value property of money. Bitcoin is exceptionally good at it.
He's been on the ground in these countries faar before he knew about Bitcoin. The first time they utilized it was 2013, certainly accelerated since.
If you want articles/books instead lmk, but this is good summary:
His books:
"Hidden Repression: How the IMF and World Bank Sell Exploitation as Development"
"Check Your Financial Privilege"
An article:
The IMF's aid vs Bitcoin
Just today, Bitcoin settled $51 Trillion in USD. We can't know whether someone sent themselves money, whether it was used for a crime, or whether someone paid their rent.
Do you agree the nominal market cap of all crypto is currently estimated around $3-3.5T?
So that would imply daily volume of 15x+ the entire market cap?
Just wanting to confirm facts here.
And btw, I said $51 TRILLION. Not billion.
What am I not seeing? Thanks for the help.