“There are 2 billion people who have no bank accounts at all. There are another 4 billion people who have very limited access to banking. Banking without international currencies, banking without international markets, banking without liquidity. Bitcoin isn’t about the 1 billion.”

“Bitcoin is all about the other 6 1/2. The people who are currently cut off from international banking.” What do you think happens when you suddenly are able to turn a simple text-messaging phone in the middle of a rural area in Nigeria, connected to a solar panel, into a bank terminal? Into a Western Union remittance terminal? Into an international loan-origination system? A stock market? An IPO engine? At first, nothing, but give it a few years.” -Andreas Antonopoulos 2014

Rereading The Internet of Money and this quote struck me. Like most of us probably, this is one of the main reasons why I became interested in Bitcoin, but sadly this would now be impossible with BTC (even if Andreas hasn’t realized or admitted it yet) but thankfully we all now have BitcoinCash BCH and the progress can continue, so here’s to a happy and prosperous new year, cheers!

submitted by /u/megability
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from Bitcoin - The Internet of Money https://ift.tt/38OnXE6