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How are they buying Bitcoin in the first place?

I also doubt that people who don't have bank accounts have private computers. So really the pool is "people with computers and bank accounts in countries so replete with fraud that Paypal and CC companies don't service them".

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> How are they buying Bitcoin in the first place?

The argument is that they'd be paid in Bitcoin for goods/services in the first place. It is a currency, after all, just (perhaps currently, perhaps always) a very volatile one.

For that to work, they'd have to be able to pay rent, buy food, etc in BTC already. If someone doesn't have a bank account already, they're probably not going to want to have to go through another intermediary to turn their payment into local currency.

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