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> I think if I were in my early 20’s, looking for a startup idea and willing to do what the other person isn’t (e.g., move to a different part of the world), I’
by drewblaisdell 13y ago
> I think if I were in my early 20’s, looking for a startup idea and willing to do what the other person isn’t (e.g., move to a different part of the world), I’d spend all my time trying to understand this topic.
I don't understand this final item. Is this because the author thinks the US is or will be hostile toward bitcoin, or because he thinks that it can thrive more quickly in other parts of the world (like M-Pesa)?
- javert 13y agoCan't speak for the author, but the US is hostile to all business.
- reginaldjcooper 13y agoIt's very welcoming to the large ones that have lobbyists.
- javert 13y agoThat is not business, it's pull. The US is hostile to business as such.
- qnr 13y ago> it can thrive more quickly in other parts of the world I live in a 3rd world country and it is obvious to me that bitcoin can thrive here more quickly. Let's say I'm a freelance programmer. There is no practical way for me to receive money from clients abroad. Even if I get money somehow, there is no practical way to "legitimize" them and use for large purchases. Want to found a startup and sell stuff online? Good luck trying to get a merchant account. Want to save for retirement? Either keep money (in USD of course, not the local currency) under the mattress or trust it to the corrupt banking system that goes pop every 10-15 years. Bitcoin is already making life so much easier.