Quote:
Originally Posted by kazbalah
With bitcoin now a peasant farmer in Africa can send any amount, 1 cent or 1 million, instantly and for little or no fees. No middle men, no funds are in motion, peer to peer money transfers that are very secure indeed.
Its going to revolutionize the third world, who have no banking facilities at all.
Its spawned 100's of alt coins, trades, exchanges, tools, stores and more. Every day new people are adopting it. Ebay is looking to add it, Microsoft already has.
Im only going to say this once - I highly suggest you guys check it out.
Instant payments with no fees, keep your money on a USB drive or even on a piece of paper, send it instantly worldwide for free, no charge backs, tiny or no fees, the list goes on.
In fact behind me, i have a global banking system setup. I am earning 5-10% interest compounded and paid daily. I can instantly send money worldwide, buy things, trade in gold oil silver and many, many other things.
Every day my wealth is increasing. Their is also the possibility the value of my coins will increase, and it can increase be 100, 1000, 1 million or even 1 billion times.
MASSIVE ROI possibilities.
Simply put, bitcoin and crypto currencies are amazing and you guys should really take a closer look at what bitcoin actually is, its not just some internet money its a whole new business eco system, and your alive when its just started, an amazing opportunity.
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because 3rd world countries in Africa have such amazing technological infrastructure to facilitate Bitcoin.
Most these people aren't even on a computer, own a computer, have used a computer. They need technological infrastructure first to even make what you say true, so in a way Bitcoin is the most ironic invention I've ever seen.
1. Yes it's a way to settle transactions.
2. Yes in 3rd world shithole countries with horrible currencies it's probably better.
3. it's not and will not be pragmatic in most 3rd world countries because they are so far behind the basics on technology.
Please explain to me how a peasant farmer in Africa who knows fuck all about computers will all of a sudden adopt this very complex technological crypto currency there is no way they can possibly understand because they've barely been on the Internet.