3 ms·

Again, what "conclusion" do you think I'm jumping to? Modernizing payment systems is having a huge impact across the entire developing world. I spent two years

Again, what "conclusion" do you think I'm jumping to? Modernizing payment systems is having a huge impact across the entire developing world. I spent two years of my life building a system for payments (mobile to mobile) for a variety of African countries. Negligible fees, immediate, robust and reliable. This isn't new or novel. Bitcoin has shockingly little to do with El Salvador. It is a lightning network being pitched (which could be funded by USD, gold, eggs, turtles...whatever), trying to pump BTC in the process. So save with the feel good El Salvador story.

dadoge 5y ago
So you think this is just to pump Bitcoin? Well that’s where I disagree with you. What happened with those apps in Africa? And why is Nigeria increasingly looking to BTC? Could also be corrupt central banks, which I admit is less an issue in El Salvador. Bitcoin is also censorship resistant, Nigeria tried to ban BTC but P2P usage went up after the “ban”. And to be clear: I don’t think BTC is necessarily THE BEST conceivable solution out there - a USD backed coin probably is better for ES in the next few years. But I also do think BTC is better than status quo for ES