"They have other priorities, like fresh water, AIDS or malaria medication, or a reliable source of food."
I am from a country with ~50% inflation and +30% of poverty (under the government scale, it is arguable to be way higher) and I can tell you that in that context you are overestimating people's priorities.
I have seen people with a minimum wage salary and without anything to eat but having smartphones and/or having cosmetic surgeries.
That's the paradox of places like Africa. You have massive amounts of intense poverty, but technology still trickles down.
I'm still skeptical a currency created by crytoanarchists and supported by people with money to burn on ASIC hardware will have a meaningful impact on those with virtually nothing. If I'm wrong, so much the better.
Comments
"They have other priorities, like fresh water, AIDS or malaria medication, or a reliable source of food."
I am from a country with ~50% inflation and +30% of poverty (under the government scale, it is arguable to be way higher) and I can tell you that in that context you are overestimating people's priorities.
I have seen people with a minimum wage salary and without anything to eat but having smartphones and/or having cosmetic surgeries.
That's the paradox of places like Africa. You have massive amounts of intense poverty, but technology still trickles down.
I'm still skeptical a currency created by crytoanarchists and supported by people with money to burn on ASIC hardware will have a meaningful impact on those with virtually nothing. If I'm wrong, so much the better.