Re: Why Bitcoin is doomed to fail, and there's nothing you can do about it.
Wow, there are some big egos around here that seem to think they know a lot about the world... I don't claim to know it all, but maybe some "seniors" around here need to look up things like M-Pesa and Africa being the fastest growing cellular market in the world... yes, that's a 3rd world country being the biggest growing market in the world!
Think about all the migrant workers all over the world and the amount they lose on fees when sending money back home to their families... then maybe you can form a clearer understanding how bitcoin can be useful to the the rest of the world and not only the elitist smartphone owners... maybe you'll start to recognize the walls of the box you're living in.
Keep going OP (and friends), Divide and Conquer!
Think about all the migrant workers all over the world and the amount they lose on fees when sending money back home to their families... then maybe you can form a clearer understanding how bitcoin can be useful to the the rest of the world and not only the elitist smartphone owners... maybe you'll start to recognize the walls of the box you're living in.
Keep going OP (and friends), Divide and Conquer!
Exactly, very true. Thank you for bringing that back up. I got distracted arguing one small point that wasn't even btc related. Thanks for bringing us back OT.
But yeah, you're right this is going to be a huge area of bitcoin growth and practical application. Also, 3rd world peoples will like btc much more than unstable local currencies ran by local corrupt dictators.
Here's a little 'old news' to whet everyone's appetite: http://www.mobilepaymentstoday.com/article/216119/M-PESA-meets-Bitcoin-with-new-service-in-Kenya, with numbers like 80% of the 44 million citizens of Kenya having a cellphone... next stop... THE MOON!