Topic: 1 bank account = 1 telephone landline. 1 cellphone will be 1 bitcoin user (Read 1158 times)
August 30, 2014, 01:16:16 PM
Bitcoin will not help anyone get a bank account. Bitcoin is designed to be able to replace a bank account as the network/miners will properly keep track of your "balance" and allow you to spend your funds. People can easily use their phone wallets to be able to spend money as they would spend with their debit cards. The main concern here is that people often lose their phones and could potentially lose access to their money/have their money stolen when their phone is stolen.
August 30, 2014, 08:51:33 AM
All this is cool but I hate my smartphones. I find them very intrusive because anyone can call be anytime and interrupt whatever I am doing
Logical fallacy. You have the power to turn this device off and mute it at will. If you choose not to do that, you have no one to blame but yourself when your enjoyment of the sacred present moment is rudely interrupted by a noisy gadget.When I go to the beach, I don't even bring my cellphone. That way I can go in the water without having to worry about if my phone will get stolen.
August 30, 2014, 08:42:21 AM
This is a nice thought. But not everyone can afford internet today...if you visit a developing African nation then people will have bank accounts but no internet access..
Hope this will change.
Hope this will change.
August 30, 2014, 08:00:53 AM
Question: How will bitcoin enable people to get bank accounts who couldn’t before?
"Think of the cellphone. There were never more than 1.2 billion landlines. Then the cellphone came and we’re at 6.3 billion. Why? It’s not because only those people wanted to communicate. The landlines were all post-pay. You need to have credit to get one. The cell phones were pre-paid. Suddenly you could get one with cash. It had nothing to do with technology. It was an economic restriction.
Now there are 1.5 billion bank accounts, same threshold as land lines. I think bitcoin will allow us to see 6.3 billion people banking on their cell phones. That’s what’s so exciting to me. That’s a much better world than we have today."
SOURCE:
Meet the man building the Fort Knox of bitcoin
http://www.theverge.com/2014/8/29/6082195/the-fort-knox-of-bitcoin-xapo-wences-casares
August 30, 2014, 07:50:12 AM
Yeah, I definitely think that smart phones are going to be pretty liberating for the poor of the world, and bitcoin could further help those who are denied or even too poor to have a bank account.
August 30, 2014, 07:33:08 AM
All this is cool but I hate my smartphones. I find them very intrusive because anyone can call be anytime and interrupt whatever I am doing (even if I don't pick up but just check who was calling). Plus I travel globally and I don't have a single phone that works everywhere, so I ended up having 3 phones with 2FA applications spread out between them. Very annoying devices.
I guess what I am trying to question is why must every new technology be smart phone based?
I guess what I am trying to question is why must every new technology be smart phone based?
August 30, 2014, 07:26:31 AM
Question: How will bitcoin enable people to get bank accounts who couldn’t before?
"Think of the cellphone. There were never more than 1.2 billion landlines. Then the cellphone came and we’re at 6.3 billion. Why? It’s not because only those people wanted to communicate. The landlines were all post-pay. You need to have credit to get one. The cell phones were pre-paid. Suddenly you could get one with cash. It had nothing to do with technology. It was an economic restriction.
Now there are 1.5 billion bank accounts, same threshold as land lines. I think bitcoin will allow us to see 6.3 billion people banking on their cell phones. That’s what’s so exciting to me. That’s a much better world than we have today."
SOURCE:
Meet the man building the Fort Knox of bitcoin
http://www.theverge.com/2014/8/29/6082195/the-fort-knox-of-bitcoin-xapo-wences-casares
I love your deduction, makes good sense to me. The way I see it, requiring credit for such things was just another way to keep certain classes within that realm. Like requiring literacy tests for voting, it's a fucked up racist thing to do.
August 30, 2014, 07:18:57 AM
August 30, 2014, 07:15:04 AM
Question: How will bitcoin enable people to get bank accounts who couldn’t before?
"Think of the cellphone. There were never more than 1.2 billion landlines. Then the cellphone came and we’re at 6.3 billion. Why? It’s not because only those people wanted to communicate. The landlines were all post-pay. You need to have credit to get one. The cell phones were pre-paid. Suddenly you could get one with cash. It had nothing to do with technology. It was an economic restriction.
Now there are 1.5 billion bank accounts, same threshold as land lines. I think bitcoin will allow us to see 6.3 billion people banking on their cell phones. That’s what’s so exciting to me. That’s a much better world than we have today."
SOURCE:
Meet the man building the Fort Knox of bitcoin
http://www.theverge.com/2014/8/29/6082195/the-fort-knox-of-bitcoin-xapo-wences-casares
Jump to: