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I lived in the Marshall Islands for two years. AMA. My current thoughts are that of all countries to adopt crypto, MI makes little sense. Only on the main isla
by nhumrich 8y ago
I lived in the Marshall Islands for two years. AMA.
My current thoughts are that of all countries to adopt crypto, MI makes little sense. Only on the main island do people have cell phones. Smart phones are even less common. Internet is a rare commodity. On the outer island, they barely have a reliable mail system. Electricity is pretty much non existent. They get their power by using solar panels to charge car batteries. They use those to power tvs and such. But internet and phone's, etc, are completely non existent on the outer islands.
That being said, some islands already have a "ledger", where the people themselves never actually have money, they just earn "credits" and can make orders with them. The ledger is mostly a trust based system with the "lord". So a public, immutable ledger here would be cool, but they lack the culture and technology to have that everywhere.
- acct1771 8y agocryptocurrencies
- jpatokal 8y agoIt makes perfect sense if you look at this as a get-rich-quick scheme: brand as first ever sovereign cryptocurrency, launch IPO, mint money. And I'll take you up on your kind AMA offer: why would you live there for two years?
- nhumrich 8y agoI was volunteering for my church to spread the gospel and help the people.
- RonaldRe 8y agoYou are right to be concerned with the technology situation in the Marshall Islands but take into consideration that implementing such progressive tech require education, physical infrastructure, and adoption in all levels of the Republic. like many other places around the world, people got leapfrogging in tech, moving the industry rapidly towards the third industrial revolution.