4 ms·

What’s the advantage of cryptocurrency over mpesa?

by hilbertseries 5y ago

vimy 5y ago
It's worldwide.
- dredmorbius 5y ago
  What fraction of all commerce is worldwide as opposed to local? What degree of that difference, if any, is a consequence of payment frictions rather than other factors (say: most activity and interactions are local). What preferences are exhibited by major international buyers and sellers for payment or credit systems?
  - friedman23 5y ago
    Why don't you go answer these questions yourself? All you are doing is stifling discussion.
    - dredmorbius 5y ago
      Asking questions is stifling conversation? And making blind assertions and veiled insults is not? The claim was made. Its relevance should be determinable. That aside: - Gravity model of trade. - "Research: How Far Will Consumers Travel to Make Routine Purchases?" https://blog.accessdevelopment.com/research-how-far-will-consumers-travel-to-make-routine-purchases https://blog.accessdevelopment.com/research-how-far-will-con...
      - friedman23 5y ago
        > Asking questions is stifling conversation? Yes. Bad actors ask these sorts of questions in order to stofle conversation. You basically asked this person to do a research papers worth of research in order to prove his argument while you put basically zero effort into your comment. If you think the stats dobt align with what he said look it ul yourself and tell us. Asking questions like the parent did is lazy and often badly intentioned
        dredmorbius 5y ago
        Have you considered your criticism might apply at the least equally, if not more so, to others?
  - yannoninator 5y ago
    These questions have no effect on crypto's adoption, perhaps these questions are an exercise to the reader.
    - dredmorbius 5y ago
      If the questions have no effect on crypto's adoption, why should the claim that "crypto is worldwide" have any relevance? If it does have relevance, then the questions do in fact matter.
crocodiletears 5y ago
Not (necessarily) centrally managed by a large corporation.
kemonocode 5y ago
I can use cryptocurrencies from anywhere in the world, I can't use M-Pesa unless I'm in one of the few countries it operates, and even then I'd be at Vodafone's whims. Truly it may serve similar needs (money for the under/unbanked) but the scope is not nearly the same.
- idlewords 5y ago
  How do you move cryptocurrency back and forth to local currency you can spend?
  - kemonocode 5y ago
    LocalBitcoins works just fine for me.
  - baby 5y ago
    If enough people adopt the currency you don’t need to off ramp.
dredmorbius 5y ago
For the unclear: M-Pesa. https://en.m.wikipedia.org/wiki/M-Pesa https://en.m.wikipedia.org/wiki/M-Pesa
c01n 5y ago
- Decentralized (Not controlled by a single company) - Phone number not required - Crypto-coins work in more countries countries then mpesa

What’s the advantage of cryptocurrency over mpesa?

vimy 5y ago

It's worldwide.

dredmorbius 5y ago
What fraction of all commerce is worldwide as opposed to local? What degree of that difference, if any, is a consequence of payment frictions rather than other factors (say: most activity and interactions are local). What preferences are exhibited by major international buyers and sellers for payment or credit systems?
- friedman23 5y ago
  Why don't you go answer these questions yourself? All you are doing is stifling discussion.
  - dredmorbius 5y ago
    Asking questions is stifling conversation? And making blind assertions and veiled insults is not? The claim was made. Its relevance should be determinable. That aside: - Gravity model of trade. - "Research: How Far Will Consumers Travel to Make Routine Purchases?" https://blog.accessdevelopment.com/research-how-far-will-consumers-travel-to-make-routine-purchases https://blog.accessdevelopment.com/research-how-far-will-con...
    - friedman23 5y ago
      > Asking questions is stifling conversation? Yes. Bad actors ask these sorts of questions in order to stofle conversation. You basically asked this person to do a research papers worth of research in order to prove his argument while you put basically zero effort into your comment. If you think the stats dobt align with what he said look it ul yourself and tell us. Asking questions like the parent did is lazy and often badly intentioned
      - dredmorbius 5y ago
        Have you considered your criticism might apply at the least equally, if not more so, to others?
- yannoninator 5y ago
  These questions have no effect on crypto's adoption, perhaps these questions are an exercise to the reader.
  - dredmorbius 5y ago
    If the questions have no effect on crypto's adoption, why should the claim that "crypto is worldwide" have any relevance? If it does have relevance, then the questions do in fact matter.

crocodiletears 5y ago

Not (necessarily) centrally managed by a large corporation.

kemonocode 5y ago

I can use cryptocurrencies from anywhere in the world, I can't use M-Pesa unless I'm in one of the few countries it operates, and even then I'd be at Vodafone's whims. Truly it may serve similar needs (money for the under/unbanked) but the scope is not nearly the same.

idlewords 5y ago
How do you move cryptocurrency back and forth to local currency you can spend?
- kemonocode 5y ago
  LocalBitcoins works just fine for me.
- baby 5y ago
  If enough people adopt the currency you don’t need to off ramp.

dredmorbius 5y ago

For the unclear: M-Pesa. https://en.m.wikipedia.org/wiki/M-Pesa https://en.m.wikipedia.org/wiki/M-Pesa

c01n 5y ago

- Decentralized (Not controlled by a single company) - Phone number not required - Crypto-coins work in more countries countries then mpesa