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I don't live in the bay area. idk if you saw this but UN has previously used Ethereum to send aid to refugees. https://www.coindesk.com/united-nations-sends-a

I don't live in the bay area. idk if you saw this but UN has previously used Ethereum to send aid to refugees. https://www.coindesk.com/united-nations-sends-aid-to-10000-syrian-refugees-using-ethereum-blockchain/ https://www.coindesk.com/united-nations-sends-aid-to-10000-s... You have to realize that in the US you have the luxury of stable (corrupt, but stable) government. A lot of other countries dont have that luxury. An international standard is a lot more enticing to someone from such a country than it is for you. Like stability is relative. What you can perceive as unstable, someone can perceive as unstable but stabler than the default.

Cacti 9y ago
Using a blockchain as a ledger device is far, far different from investing in a cryptocurrency.
JumpCrisscross 9y ago
> A lot of other countries dont have that luxury The intersection of (a) countries with reliable Internet access and broadly-available Internet-connected devices, (b) a useless national currency and (c) effective controls on the use of cash hard currency is small. The GDP of that intersection certainly doesn't support anything close to Bitcoin's price.
- adamnemecek 9y ago
  You don't need A. Re B, which countries have a useful currency really? Say Hungarian Forint. Do you consider that a useful currency? Ok what do you think would be a justified price and why?
  - imtringued 9y ago
    A useful currency is a stable currency with predictable small inflation or deflaction. It doesn't really matter if this currency is implemented with people having "faith" in the currency, backing the currency with real assets or via a blockchain without a central bank. A "currency" that can rise or fall by 30% on a single day is not useful as a currency.
    - adamnemecek 9y ago
      We are very early on. Like' it's still very much in the beta stage.
- alexanat 9y ago
  I can't think of a national currency that is useful beyond faith.
rtkwe 9y ago
> the project run by the United Nation's World Food Programme (WFP) was designed to direct resources to thousands of Syrian refugees by giving them cryptocurrency-based vouchers that could be redeemed in participating markets. They're not really using the actual Etherium blockchain in any meaningful sense though. They just gave vouchers that could be spent at participating markets. It reeks of a marketing ploy by Parity Technologies for some press.

Cacti 9y ago

Using a blockchain as a ledger device is far, far different from investing in a cryptocurrency.

JumpCrisscross 9y ago

> A lot of other countries dont have that luxury The intersection of (a) countries with reliable Internet access and broadly-available Internet-connected devices, (b) a useless national currency and (c) effective controls on the use of cash hard currency is small. The GDP of that intersection certainly doesn't support anything close to Bitcoin's price.

adamnemecek 9y ago
You don't need A. Re B, which countries have a useful currency really? Say Hungarian Forint. Do you consider that a useful currency? Ok what do you think would be a justified price and why?
- imtringued 9y ago
  A useful currency is a stable currency with predictable small inflation or deflaction. It doesn't really matter if this currency is implemented with people having "faith" in the currency, backing the currency with real assets or via a blockchain without a central bank. A "currency" that can rise or fall by 30% on a single day is not useful as a currency.
  - adamnemecek 9y ago
    We are very early on. Like' it's still very much in the beta stage.
alexanat 9y ago
I can't think of a national currency that is useful beyond faith.

rtkwe 9y ago

> the project run by the United Nation's World Food Programme (WFP) was designed to direct resources to thousands of Syrian refugees by giving them cryptocurrency-based vouchers that could be redeemed in participating markets. They're not really using the actual Etherium blockchain in any meaningful sense though. They just gave vouchers that could be spent at participating markets. It reeks of a marketing ploy by Parity Technologies for some press.