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I am really not convinced of the argument that bitcoin will help in third world countries. There are so many places in the world that neither have internet nor
by buster 13y ago
I am really not convinced of the argument that bitcoin will help in third world countries. There are so many places in the world that neither have internet nor computers, how should they use bitcoins? I'm also convinced that those people will not just "believe" in some "invisible" money. They will always prefer real money or goods to trade, not some virtual number on the internets.
- aosmith 13y agoBitcoin isn't "invisible" money. It's money that is secured by cryptography. A printed bitcoin wallet, a $1 bill and a $100 bill all have the same inherent value. Almost a third of the "developing world" has internet access [http://en.wikipedia.org/wiki/Global_Internet_usage http://en.wikipedia.org/wiki/Global_Internet_usage]. Even if individuals lack access there's no reason bitcoin can't be made accessible to them through public access points.