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I just got back from Kenya 2 days ago. I was blown away at the M-Pesa penetration. They are skipping credit cards just as they skipped land lines.
by uuilly 13y ago
I just got back from Kenya 2 days ago. I was blown away at the M-Pesa penetration. They are skipping credit cards just as they skipped land lines.
- mtgx 13y agoDon't you like that part about technology/disruption? Normally, it would need to trickle down, which means some countries would always be decades behind others when it comes to a certain type of infrastructure or technology. But thanks to disruption, not only can some countries completely skip one or two types of technology at once, and jump straight to the latest one, but sometimes they can actually get ahead of the "developed" countries, especially if those countries are too "entrenched" with a certain technology, and it resists moving on to the new disruptive one (so basically the same rules of disruptions that apply to companies, apply to countries, too). If Bitcoin keeps going to achieve its true potential, I could see how the first country to declare Bitcoin as its national currency, wouldn't be a "developed country", but an African country or something.
- cinquemb 13y agoSeems like that also falls in line with some of the points made by Thiel in his debate with Andreessen [0] [0] https://www.youtube.com/watch?v=0yztBoNQRYo https://www.youtube.com/watch?v=0yztBoNQRYo