Meet the ‘miners’: The shadowy group making a killing from the Bitcoin bonanza

Discussion in 'Crypto Assets' started by themickey, Dec 16, 2017.

  1. just21

    just21

    17 million Kenyans managed to get into mpesa.
     
    #61     Dec 17, 2017
  2. sss12

    sss12

    You are going in circles. Couple suggestions ...History 101, Econ 101, Soc 101.
     
    #62     Dec 17, 2017
  3. just21

    just21

    17 million Kenyans have shown that they want financial services on a mobile phone.
     
    #63     Dec 17, 2017
  4. Pekelo

    Pekelo

    Paypal? Almost 20 years old...
     
    #64     Dec 17, 2017
  5. just21

    just21

    Not available to the unbanked.
     
    #65     Dec 17, 2017
  6. Pekelo

    Pekelo

    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...
     
    #66     Dec 17, 2017
  7. just21

    just21

    You are human.
     
    #67     Dec 17, 2017
  8. Pekelo

    Pekelo

    Sure, that is why we send the loser of the Super Bowl T-shirts for them. They are very fancy...
     
    #68     Dec 17, 2017
  9. just21

    just21


    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.
     
    #69     Dec 17, 2017
    Pekelo likes this.
  10. Pekelo

    Pekelo

    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.
     
    #70     Dec 17, 2017