If you have a bank account and a credit card you might not pay much at to #bitcoin . But if you care about the state of the rest of the world you may want to take another look.
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(From Daniel Batten @DSBatten on X)
19 benefits of Bitcoin that most people have never heard about...
Note: these are not hypothetical, or isolated benefits - but existing uses that are currently impacting an exponentially growing set of people
Humanitarian benefits
1. Getting aid to millions of war refugees wired.com/story/ukraine-…
2. Allowing refugees to take savings safely across borders and re-establish their lives (it is estimated 329,000 refugees have done this so far)
cnbc.com/2022/03/23/ukr…
3. Providing freedom from hyperinflation, or high inflation to 231 Million people
cointribune.com/en/argentina-b…
4. Having a safe store of value in autocratic nations that lack a safe banking system
fanews.co.za/article/crypto…
cnbc.com/2023/03/26/bit…
bbc.com/news/world-afr…
5. Giving women to financial equity in nations that practice State-level discrimination against women bitcoinmagazine.com/culture/bitcoi…
6. Allowing people in developing nations to receive remittance payments from family without delays and without heavy fees, or loss of purchasing power in the 8 closed countries with dual-exchange rates
thenextweb.com/news/el-salvad…
7. Providing freedom from overnight currency debasement for 14 African nations experiencing French monetary colonization
foreignpolicy.com/2021/08/03/mac…
8. Verifying, and improving, the integrity of electoral processes in semi-autocratic nations
finance.yahoo.com/news/rafael-co…
9. Providing banking to the unbanked (>2 billion unbanked in the world, mostly in autocratic nations)
cnbc.com/2023/03/26/bit…
impact.economist.com/projects/banki…
10. Removing the risk of financial reprisal for running humanitarian campaigns in autocratic nations where 5.7Billion people live
journalofdemocracy.org/online-exclusi…
Energy (ending energy poverty, creating energy security)
11. Providing energy abundance to multiple villages in Africa who were previously without power
unherd.com/2024/01/the-af…
12. Developing energy independence for nation-states, such as Bhutan, Ethiopia forbes.com/sites/iainmart…
Environmental benefits
13. Reducing more emissions from landfills than the largest DAC project in the world ever achieved renewableenergymagazine.com/biogas/compani…
14. Accelerating the renewable transition by making renewable generation more profitable
news.cornell.edu/stories/2023/1…
15. Developing a monetary system with significantly lower emissions and emissions intensity than the banking system
nasdaq.com/articles/a-com…
16. Becoming the world's most sustainably powered major industry
forkast.news/bitcoin-mining…
17. Rescuing a National Park in Africa
technologyreview.com/2023/01/13/106…
Benefits to liberal democracies
18. Having an international, borderless currency that governments cannot surveil or freeze, with fixed monetary supply that prevents
- irresponsible govt funding of forever-wars,
- passing debt burdens to future generations and
- inflationary money printing that widens wealth gaps
amazon.com/Engine-Inequal…
19. Providing a financial system that is harder to use for money laundering than fiat currency
decrypt.co/125623/crooks-…
