Frankeh

>As just one example of what drew me to Bitcoin, Bitcoin holds (or used to hold) such tremendous promise for the developing world, and to people who are shut out of traditional banking.

Vastly overstated benefits.

http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-133-t...

First 20 minutes goes into detail on how useful Bitcoin really is in the developing world.

In short, if you've got access to a data plan and a smartphone you're not going to be unbanked. And if you are unbanked, you're not going to have access to a smartphone and a data plan.

Bitcoin is only actually useful in countries with the infrastructure to support it.