3 ms·
Yes, this is general knowledge. But what you are asserting is a non-sequitur because you are assuming a direct link from adoption of cell-phones in third world
by lingben 13y ago
Yes, this is general knowledge. But what you are asserting is a non-sequitur because you are assuming a direct link from adoption of cell-phones in third world countries to the adoption and use of bitcoin as a currency.
- pault 13y agoI was addressing three of your previous points–electricity, internet, computer. I don't see these as issues, and to assume that cryptocurrency will remain as under-serviced and difficult to use as it currently is would be remarkably shortsighted.
- logfromblammo 13y agoThey are even less problematic when you consider them in comparison with the infrastructure required for physical currency banking: vaults, guards, armored cars, auditors, trust, communications. When everyone already has the ability to use a cellular phone, the additional marginal resources required for using cryptocurrency are almost trivial. The way most banks operate, they would need electricity, Internet, and computers in all of their branch locations anyway. If you have neither traditional banking nor cryptocurrency, aiming for the latter offers a bigger return on your infrastructure investment.