Post
Topic
Board Speculation
Re: I am fucking panicking
by
MAbtc
on 12/07/2013, 10:06:40 UTC
   Bitcoin is more liquid than paypal in Afghanistan, Montenegro, Pakistan, Bangladesh, Burma, Cuba, Iran, Libya, North Korea, Sudan, Syria, Belarus, and Somalia. This is approximately 600 million people.
Yeah, well, this is pretty much the list of countries that Paypal does not serve. Certainly you would expect a US payment processor not to serve countries on the embargo list? However, I am curious as to evidence that bitcoin is more liquid in Belarus and Somalia. Or that bitcoin adoption has taken off in North Korea and Burma.  Roll Eyes I mean, Iranians have paypaad / mpaad, Bangladeshis have payza, etc... so comparing bitcoin to Paypal in that context isn't relevant. Naturally, it's not about being more liquid than Paypal. Paypal is just one of many, many examples, as stated earlier.

Even if they only made an average of 1 dollar a day and saved at a rate of 5%, and then put an average of 20% of their savings in bitcoin to be able to make international transactions, this would mean a tripling of bitcoin's market cap.
Why the hell would they do that?
There are at least a few people among those 600 million who would like to make purchases online and are hindered from doing so by restrictions that ultimately only benefit the rich. Both capitalists and socialists can get behind bitcoin in good conscience- free markets create more wealth, free flow of money loosens super elites monopoly death grip on the global order. The more they tighten their fists the more bitcoins will slip through their fingers!
REVOLUTION!!!  Grin