Perhaps David Moskowitz of Coin Republic does have the right idea on this one. We did an interview with him right before we met with Marc, and you can clearly see that David and Marc are at opposing ends of this debate. You can check it out at https://www.youtube.com/watch?v=sH68CWjN-lQ if you like.
Topic: Marc Faber on Bitcoin: Unbanked Developing World Not Ready for Bitcoin - page 3. (Read 2206 times)
June 06, 2014, 05:18:18 AM
June 06, 2014, 05:13:41 AM
I believe he is completely wrong about this. Confused and uninformed. Experience in Africa with cell phone based payment systems has been massive success. Adoption to un-banked has been phenomenal and ubiquitous. Bitcoin based systems will be instantly superior in almost every way - including cost, cross-national application, value store, etc. Just need the tools - which are coming quickly.
June 06, 2014, 04:50:51 AM
In our latest Squawkonomics interview, we asked Marc Faber about Bitcoin and its uses in developing markets across the world. One of the things he said: ""If someone tells me, Oh, in Cambodia or in India, only 10% of people have a bank account, then I would assume these people are not capable to transact in an encrypted currency""
Check out the full 4 minutes where Marc Faber talks Bitcoin IPOs in Cambodia, India, and more at https://www.youtube.com/watch?v=_5YwtyDZ0jU
Check out the full 4 minutes where Marc Faber talks Bitcoin IPOs in Cambodia, India, and more at https://www.youtube.com/watch?v=_5YwtyDZ0jU
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