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It's interested that he talks about the unbanked, but doesn't mention what I see as the biggest problem with the unbanked or people in poverty using Bitcoin. If
by gexla 13y ago
It's interested that he talks about the unbanked, but doesn't mention what I see as the biggest problem with the unbanked or people in poverty using Bitcoin. If you don't have much money, you can't afford any volatility. I see people on here making or losing thousands and yet someone in poverty might be screwed by losing 20 bucks.
If you are living in a country where the currency is already going crazy, then maybe Bitcoin gives you a good option. Otherwise, you need for your currency to be somewhat stable.
- wmf 13y agoLikewise the unbanked may not consider it a "learning experience" to lose money to a typo or hacker.