4 ms·

So to be clear, a country where 70% of individuals are unable to get access to a bank account do have consistent access to the internet, a smart phone or specia

So to be clear, a country where 70% of individuals are unable to get access to a bank account do have consistent access to the internet, a smart phone or specialized hardware for carrying a wallet app, and are fine with storing their wealth in a vehicle that consistently swings in value in the double digits within 24 hours? The delusion regarding crypto has reached parody levels. This reads like something out of an Onion article.

dadoge 5y ago
Read about the Bitcoin beach experiments there before jumping to conclusions like that https://apnews.com/article/caribbean-el-salvador-bitcoin-lifestyle-technology-d30c52b39e16ef49e4b6342fdc885c92 https://apnews.com/article/caribbean-el-salvador-bitcoin-lif...
- Agamemnom 5y ago
  Not the OP, but I don't really get it. Maybe I'm missing something. They're basically creating cash accounts? Not quite a bank but... not far off it. I feel like a simpler solution is just mandating that banks are required to offer a basic cash account at a set maximum cost. It doesn't feel like the bitcoin part of the experiment is really doing anything special. It's all in a single app and all held by a holding org. They just track who has how much of the reserve. Not really the free and open bitcoin?
  - imtringued 5y ago
    Isn't it based on the lightning network? Does the wallet only connect to a single preapproved node?