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Re: Physical Bitcoin for the 3rd World
by
Mr.right85
on 20/07/2022, 18:49:54 UTC
The Central African Republic has just declared Bitcoin to be legal tender, but 90% of the population doesn't have ready access to the Internet. I am exploring safe ways to use Bitcoin without having to connect to the Internet for every exchange. Ideally a paper wallet could be created in a manner that prevents anyone from memorizing or recording the private key before it is sealed.

I am also exploring a smart contract that guarantees (via escrowed funds and/or multisig) that no funds are released until the BitCheques are opened.
One truth we ought to realise is that, we are simply filling the gaps in the various systems of our world. Come a laps in a particular system, individuals look for means to make that situation better and that's what brought about the evolution of bitcoin. To fill the laps in the traditional monetary system of our world.
Most times, we view bitcoin to be some revolutionary currency for which, it has come to sweep fiat away and be what is acceptable all around the globe but this in itself is highly impossible. Its sadly not going to happen given that bitcoin have got some lapses too.

The technology of the Internet is not accessible by the visually impaired once around us and as such, bitcoin too. They can't own a wallet not to talk of a private key. Then, we talk about the issues of network which is lacking in most parts of our world. These are fill ups for fiat thus to say, they are both needed for a better functional society.