17 million Kenyans managed to get into mpesa.
Meet the ‘miners’: The shadowy group making a killing from the Bitcoin bonanza
- Thread starter themickey
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17 million Kenyans managed to get into mpesa.
You are going in circles. Couple suggestions ...History 101, Econ 101, Soc 101.
17 million Kenyans have shown that they want financial services on a mobile phone.
Paypal? Almost 20 years old...
Not available to the unbanked.
Tell me again, why do I care about them? Not to be too mean, but it is most likely mutual, they probably don't give a shit about my problems either...
You are human.
Sure, that is why we send the loser of the Super Bowl T-shirts for them. They are very fancy...
The argument is that 4 billion unbanked people will acquire a second hand smartphone, 1.5 billion smartphones are manufactured every year, download a wallet and have financial services using crypto. Not bitcoin as transaction fees are too high. Kenya is an example of 17 million unbanked people using https://en.wikipedia.org/wiki/M-Pesa on a feature phone. Stellar Lumens is a coin designed for this market.
I understand. Joking aside OK, let's say we want to REALLY help them. Why the hell would we fuck them with bitcoin and its $20 fee and obsolete tech, when there are at least 5 alt coins with better features and much much cheaper fees?
And don't tell me bitcoin is going to improve, because those 4 billion unbanked are getting old.
Why should we wait for a crypto that has proved that its miners/users are unable to reach consensus when anyone who CARES about the unbanked could just start a new coin with better features and better distribution.
For fucks sake, after 7 years it is still 4 tx/s, those poor bastard 4 billion people will get really pissy when they have to wait 3 days for a confirmation...
So let them eat ca... I mean use ripple, litecoin, ether or whatever, plenty of REAL choices. Bitcoin is nothing but a ponzi at this point.