> I can go to Africa right now and I can imagine that even some of the remoter parts will be aware of bitcoin.
The Bay Area, ladies and gentlemen.
In all seriousness, I doubt people in most of the world have heard of either.
The Bay Area, ladies and gentlemen.
In all seriousness, I doubt people in most of the world have heard of either.
idk if you saw this but UN has previously used Ethereum to send aid to refugees.
https://www.coindesk.com/united-nations-sends-aid-to-10000-s...
You have to realize that in the US you have the luxury of stable (corrupt, but stable) government. A lot of other countries dont have that luxury. An international standard is a lot more enticing to someone from such a country than it is for you. Like stability is relative. What you can perceive as unstable, someone can perceive as unstable but stabler than the default.
The intersection of (a) countries with reliable Internet access and broadly-available Internet-connected devices, (b) a useless national currency and (c) effective controls on the use of cash hard currency is small. The GDP of that intersection certainly doesn't support anything close to Bitcoin's price.
Ok what do you think would be a justified price and why?
A "currency" that can rise or fall by 30% on a single day is not useful as a currency.
They're not really using the actual Etherium blockchain in any meaningful sense though. They just gave vouchers that could be spent at participating markets. It reeks of a marketing ploy by Parity Technologies for some press.
Hear, hear. Meanwhile in remote areas of Africa, this is more like what functions as currency:
"If you're in South Sudan and something big happens in your life — you get married, you buy property or pay a penalty for a crime — cows are most likely involved. Cows are currency and credit card and bank account rolled into one. In South Sudan, banks can go bankrupt — cows are more reliable. At least that's how it used to be."
From Planet Money: https://www.npr.org/sections/money/2017/11/15/563788464/epis...
http://www.cnn.com/2017/12/18/africa/inside-life-cryptocurre...
Could move to a rural location setup a 3g hotspot (remembering in these countries rural 3g is becoming common is actually fairly cheap) and run generators as backups?
Here's your country:
https://www.youtube.com/watch?v=ozBtOtDK4jY
Does anything shown really look that outlandish to do in a rural area with a little more than a backup generator?
Mining is taking off in 3rd world countries too.