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50 sats \ 2 replies \ @JoeNakamoto OP 16 Sep 2023 \ parent \ on: F*ck me the "global south" needs bitcoin bitcoin
sorry but I disagree. Plenty of currencies around the world are 10x worse than bitcoin for volatility.
Why are increasing numbers of Cubans using Bitcoin?
With bitcoin you can send it, receive it, save it from the comfort of your bed.
The efficiency gains are ridiculous vs the incumbent system.
It's not about a Bitcoin standard, it's about small changes to make life easier for people so they can focus on the good stuff.
I'm trying to use my work and platform to illustrate
A) just how bad money is in the global south
and
B) How bitcoin is already capable of helping to resolve a lot of these issues.
I've got some work to do.
No need to be sorry, I welcome disagreement.
I understand that there are worse things than btc for volatility. My point was just: if you're not spending btc directly, and you are so poor that you're not saving anything, and you have to convert whatever btc you do get immediately to your local currency to spend it, but all of the conversions are giant pains in the ass, as you pointed out in your original writeup, then I figured that there wouldn't be much practical way for btc to help.
I understand all the ways it could help in theory, but based on those axioms, unclear to me how it would help in practice. But maybe I've missed something.
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Do you follow the Motiv project in Peru?
I’m investigating it rn.
The idea is to create genuine bitcoin circular economies. I think that’s the best route forward.
But no, btc in the global south is not a silver bullet but it’s a lot better than the existing trap
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