Category: Comics
Bitcoin in Wakanda
Tuesday June 21, 2016
I often hear underbanked Africans as a citation for increasing the block size limit in Bitcoin. It is claimed they won’t be able to purchase their goods at the local bazaar in a retail fashion, which usually isn’t how many tribes in the so-called third world tend to barter. After much thought, it seems the system as designed and functioning can still highly empower the underbanked tribes in the remote areas of Africa. In fact it is possible the transfer of wealth Bitcoin could potentiate, would facilitate a never before seen era of prosperity in a land that was raped by 19th century imperialism.
I will attempt to break up the fallacies utilized as pseudo-arguments to increase the block size in relation to the third world, as most of these arguments completely ignore, or even deny the existence of imperialism in Africa during the 19th and 20th centuries.