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0 sats \ 1 reply \ @elvismercury 16 Sep 2023 \ parent \ on: F*ck me the "global south" needs bitcoin bitcoin
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.
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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