Topic: 2014-02-02 World Bank & Gates Foundation Sponsored CGAP Gives Bitcoin Thumbs Dow (Read 786 times)
February 25, 2014, 12:06:20 PM
The truth lies between the two opinions! Both of them have good arguments
February 02, 2014, 04:12:11 PM
volatile as compared to a major currency.
Adopt it in Somalia and price everything in Bitcoin and it becomes less volatile.... no?
Adopt it in Somalia and price everything in Bitcoin and it becomes less volatile.... no?
So you want a Volatile currency, in a volatile country? Clearly there must be some kind of math here that I am not seeing...
February 02, 2014, 03:54:51 PM
volatile as compared to a major currency.
Adopt it in Somalia and price everything in Bitcoin and it becomes less volatile.... no?
Adopt it in Somalia and price everything in Bitcoin and it becomes less volatile.... no?
February 02, 2014, 02:41:42 PM
I think both sides are both right and wrong.
The basic arguments are:
Believer: "Bitcoin is a huge boon to the poor and unbanked."
Skeptic: "Bitcoin is too small, volatile, and inaccessible to be useful to the poor and unbanked."
I believe the truth lies between the two extremes:
Skeptic: "Bitcoin is currently too small, volatile, and inaccessible to be useful to the poor and unbanked."
Believer: "Bitcoin will be a huge boon to the poor and unbanked when it becomes bigger, less volatile, and more accessible."
The basic arguments are:
Believer: "Bitcoin is a huge boon to the poor and unbanked."
Skeptic: "Bitcoin is too small, volatile, and inaccessible to be useful to the poor and unbanked."
I believe the truth lies between the two extremes:
Skeptic: "Bitcoin is currently too small, volatile, and inaccessible to be useful to the poor and unbanked."
Believer: "Bitcoin will be a huge boon to the poor and unbanked when it becomes bigger, less volatile, and more accessible."
February 02, 2014, 12:33:54 PM
On January 23rd, CGAP or “The Consultative Group to Assist the Poor“ issued a report on Bitcoin entitled Bitcoin vs. Electronic Money: Digital But Different. Concurrent to the report’s issuance, Chief Executive Officer of CGAP Tilman Ehrbeck Blogged on Huffington Post: “Bitcoins and Financial Inclusion: Not Much of a Link for Now.”
In Depth Article Here
http://letstalkbitcoin.com/cgap-bitcoin-not-helping-the-poor/
In Depth Article Here
http://letstalkbitcoin.com/cgap-bitcoin-not-helping-the-poor/
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