So, access to a permissionless SWIFT-like system from anywhere around the world has no economic value in your opinion? Go and ask people in African countries what it means to them.
> Go and ask people in African countries what it means to them.
Probably incredibly little. I have not in the slightest looked into it, but based on bitcoins properties, I'd guess that it doesn't suit 99.9% of Africa. They use cash and frequently use mobile phones for transferring cash etc.
Most paper money intrinsically has no value at all, even the paper it is printed on can't be used as toilet paper due to its lack of softness. It is only a medium of labor exchange. For me, Bitcoin is exactly the same, but in a very new form, backed by math instead of a government.
munksbeer|1 year ago
Probably incredibly little. I have not in the slightest looked into it, but based on bitcoins properties, I'd guess that it doesn't suit 99.9% of Africa. They use cash and frequently use mobile phones for transferring cash etc.
lottin|1 year ago
superfist|1 year ago