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They’re really isolated and stuck between a rock and a hard place. You could argue that Bitcoin is doing more for freedom and Cuba than anybody else right now. You go back in time, you look at ancient China, you look at issues, obviously, John Law.
- Again, I think education is what we should focus on.
- I think, we get very dark sometimes.
- I don’t really see it as possible to fail, so to speak.
- I think, that’s where we need to be.
- If not enough people own the Bitcoin, we’re going to have a worse world, let’s put it that way.
- If there’s 40 or 50 million Americans “using Bitcoin,” but only 5 million of them are custodying and the other 45 just have their money on Coinbase, or whatever.
There’s all kinds of historical examples for when people go into a paper standard, things get super hairy. There’s always economic crises. I think, that we’ve been just led to Russian Certified Php Developers For Hire Quality And Responsibility believe that the system we’re in is fine and that there’s no other way. That to me is crazy, because what underlies it is just so many issues and problems and contradictions.
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Where the goods they need to buy in stores can only be purchased through something called an MLC, which is almost like a gift card that needs to be topped up with hard currency. The government is playing this game, this cruel game where it won’t allow you to buy things in the good stores with the money that you make in public sector jobs, or with pensions. Look, this is one of the byproducts of the whole system I just described, is that one country can just decide to turn another country’s money off. Hopefully, we move to a new world where that’s not the case. For now, again, technically, we’re going to be supporting some educational efforts at a small scale and seeing what we can do.
This is just how people have always lived in a lot of places. We’re talking places that have, again, there’s 1.6 billion people who live under CPI, double digit, triple digit inflation. They’re just used to it, and I think it just makes a lot more sense for them.
That’s an educational piece. Or is it just sitting on some exchange? Because it’s important for Indians to know, like everybody else, that if you just buy your Bitcoin on with your ex or whatever, and you leave it there, it’s not helping anybody. They’re either using the Bitcoin gift card to buy Bitcoin, or they’re taking a picture of the gift card and sending it back to their family in Legos, or wherever. Then, the family member is selling the gift card over at Paxful or something for Bitcoin.
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I think actually, Bitcoin missions is even more powerful than medical missions and that’s something coming from a former doctor. I got your back, and, Bitcoin is better money and it’s changing the world. I’m really excited to be a part of this movement as well. I think it’s fascinating to track.
Again, I think education is what we should focus on. There is no magic solution. The Bitcoin revolution is not about a magic solution.
If the Biden administration wants to pass something progressive on Bitcoin, oh, there’s going to be a debate on that. It’s weird to say, given that Europe is technically more federated, let’s say because it’s sovereign nations. In a way, America is built very well for this. Yeah, I was just in DC a few weeks ago. Look at Cynthia Lummis, she’s part of a bipartisan finance committee, where people want Americans to own Bitcoin. At the same time, you have the United States, which has got this horrible embargo, which prevents Americans from interacting with their Cuban families and things like that.
On that note, do you think that can explain why Bitcoin adoption per capita is absolutely exploding and outpacing enterprise technology consulting the US in some of these nations? I think, you have to start with education. That’s where we all started.
I think, that’s where we need to be. You can’t force technical solutions on somebody if they don’t understand Bitcoin. We’re seeing that now in El Salvador. Whereas in Europe, it doesn’t look like there’s going to be very many pro Bitcoin voices, at least right now, among important policymakers that makes the path forward very clear and very obvious and easy.
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That’s one of the reasons why we went to paper gold promises, as opposed to actually the gold itself was just convenience, security, etc., etc., scaling. The thing here is that eventually, to me, it makes sense that Bitcoin actually just becomes the currency that we use day-to-day, because I think merchants are going to want it. I think, that’s eventually what’s going to drive that.
They’re like, this is an actual practical way to really alleviate human suffering around the world. I didn’t have much more than that other than just, I respect what you do. I’m really thankful for you. I hope to join you someday and on your missions and wherever you are around the world. There is no magical fix here.
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I think, that system is totally screwed up. As far as why you’re seeing rates of adoption higher elsewhere, I think that’s just simply because it’s more obvious to people that their money is broken. Even today, 6%, 7% inflation, whatever we have here that they tell us, people are starting to get a little worried.
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