54 sats \ 2 replies \ @carlosfandango 16 Jun \ on: Bitcoin Adoption In Italy? bitcoin
- this isolated community would be perfect for an economic revitalization through a bitcoin circular economy.
Whilst the property is certainly cheap (not as cheap as some regions where they sell €1 houses for renovation) there is the very real problem of lack of employment and infrastructure for younger people and that’s why they leave.
The mistrust of central government and independence these towns and villages have is certainly an advantage to those from a libertarian background. Unfortunately, from a a BTC perspective, these small communities already have circular informal economies which is based around trust, connection and familiarity. Bitcoin doesn’t really solve a a trust problem in communities which has high trust locally.
I love Italy and have spent plenty of time there… it would certainly revitalise and help save a broken economy. I have seen similar problems in Greece and parts of Spain.
The town I'm talking about lost most of its younger generation to bigger cities. You're probably right. The remaining older generation are set in their ways.
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Italy is also losing its younger generation to other European countries. Welfare bill through the roof and less people to be taxed to finance it.
Milan was supposed to be challenging Paris, London and Frankfurt financial markets…. while the market makers are there the money doesn’t seem to leave their fancy offices.
The southern states of Europe will drag down the northern powerhouses and hasten the end of the broken European project.
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