Nostr Web Client

No technical limits. Just not sure it’ll be used in the markets we are in. Def would in central and South America and Africa, but we aren’t present there. So just prioritization.

There’s an argument to be made that building this would increase adoption, but I’m not seeing it yet based on other integrations.

No doubt it will be big over time. Just not yet. I think remittance is the number one use case for bitcoin right now, and that will grow other use cases including daily transactions.

Zaps is another use case which I believe will best grow the network. Far more than in person point of sale.

Ray Youssef 2y ago

Remittance is a killer app for bitcoin but for it to saturate the mainstream it first requires an army of arbitrage traders in the local south who will trade it for cash, bank or mobile money, effectively acting ad off-ramps. The push to adopt bitcoin usually comes from the destination and then the source accommodates and tries to find onramps. We saw this clearly with Nigeria. The same

Model of

Mobil-zing the diaspora to flood the global south with bitcoin must be executed everywhere.

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Discussion

Ray Youssef 2y ago

Furthermore, getting sufficient quantities of bitcoin into global south nations is hard. How do these nations pay for importing it when the barriers of financial apartheid keep money trapped?

Hacks are the way and our advantage is that the global south has billions of youth ready to work. Each hack be it gift cards or mobilizing the diaspora for remittance gets us closer. First we must make the global south fertile with bitcoin and then the fun starts.

Rijndael 2y ago

Can you say more about the difficulty importing bitcoin?

Ray Youssef 2y ago

That has been my job for the past 8yrs. Will be doing my own podcast soon and bringing the intel to the forefront