Re:Warren Buffett: Bitcoin Is Pure FOMO
by coldtea on Wednesday December 27, 2017 @04:37PM
(#16018245)
Is it true though? Or journalistic exaggeration of some insignificant (in quantity) activity?
Re:Warren Buffett: Bitcoin Is Pure FOMO
by aiCeivi9 on Thursday December 28, 2017 @08:08AM
(#16021781)
It is true, check for example http://mgafrica.com/article/2015-03-03-mobile-come-first-in-... . Paying by phone is popular and has much lower bandwidth/storage requirements than bitcoin will ever have: http://edition.cnn.com/2017/02/21/africa/mpesa-10th-annivers...
About a third of the customers queuing at La Maison du Bitcoin’s teller windows in Paris aren’t speculating on the value of the cryptocurrency. They’re sending digital money home to Africa.
“In many countries in Africa, there are far more cellphones than bank accounts,” said Manuel Valente, co-founder of La Maison. “For bitcoin, all you need is a phone.”
https://www.bloomberg.com/news/articles/2017-11-17/bitcoin-e...