This reminds me of the WBD podcast from the other day. Femi Longe challenging us to stop hoarding sats and start investing in bitcoin projects in Africa. Provocative message.
I haven’t listened to it but as a general point… one of the legacies of colonialism is that the tools of administration put in by colonial powers are now co-opted by authoritarian rulers to exploit people a second time. We need to get financial products into the hands of local people to local projects and a $1 worth of our sats in their hands will do more good than $1 of world bank debt in the hands of their government.
reply
That was his main point. Our sats can go a long way in Africa. It wouldn't take many to fund projects. The issue of course, is to separate the real from the scam.
reply
(Sorry - I should probably listen before running my mouth off).
Real vs scam is an interesting point for Bitcoiners… and one I struggle with. And of course we should be looking for continual verification rather than trusting these projects.
But then I give $5 to the homeless guy at the bus station and I don’t follow up on that… interesting thoughts
reply
deleted by author
reply
Agreed. I wonder if McCormack is going to follow up by identifying actual projects. He seemed a little ambivalent, but maybe I read too much into it.
reply
He has talked about visiting and he did a sat raiser for an electricity project I think (?). Being hosted by Gridless may give a different impression to being hosted by a clean water charity though… no criticism but just a free form thought.
reply