It's true yet hard to solve. The volatility is too much for those who can't afford a 10% drop. They'd rather hold stable sats or the stable coin. Organic adoption won't happen soon but there is plenty of room for philanthropy software
Discussion
I think in extreme situations like this you need people to go to these places, With free computers, Mining equipment, And probably an electric infrastructure grid project, To provide resources to these disadvantaged people. The Bitcoin mine in Virunga park, The north of the DRC seems to be the best chance of local people creating a bitcoin economy, With the ability to explain in a local language how bitcoin works. Imagine doing all that hard work to find out how people are benefiting with no knowledge of the supply chain driving around in their electric vehicles believing they are morally superior while children literally work themselves to death for raw minerals.
What resources are you providing? Mining equipment and knowledge? They way it usually works is your team owns and operates the mine, possibly hiring a few locals, and that's about it except for some money flowing into the economy via food and housing purchases.
Maybe I'm missing something but does your thinking presumes "build it and they will come" ? when the reality is that most people aren't interested, trusting of it, especially when their main culture disregards it . Being a black sheep is for the few, but yes the black sheep exist everywhere and in every culture.
But IMO and based on tipping point theory, the only people anyone should be focused on helping are the black sheep, the few that already get it. From there critical mass builds and eventually tips the rest of them into following....since they will be following in all circumstances
I am looking at this from a developmental perspective, Which most people who are born in a developed economy can not appreciate. How do you explain something as technical as bitcoin to someone who doesn’t have running water or electricity? It’s not impossible, It’s just not profitable from a business perspective in the next 100 years. It’s easy to accumulate capital, Go change the world, Then I will be impressed. Maybe a Kolwesii peaker plant is a good place to start.
Have you gone to the global south and educated about bitcoin yet?
Yep. El Salvador doesn’t need me. Have you tried to live in a developing country full time before? How many times have you been around the world?
Yes I've spent over 1 year in el Salvador, was the 3rd bitcoiner ever to visit zonte in '21. I've lived in other dev country in Asia for 6 months the, been to over 20 countries.
Why doesn't El Salvador need you?
El Salvador is for El Salvadorans. Gringo bitcoin grifters need not apply.
I have visited 30 countries, Spent 1 year plus in three, And of that, At least 20 were developing countries. I invested in a Water purification, Solar electricity, And autonomous internet provider infrastructure startup, The CEO grew up in a Brazilian Favela in SĂŁo Paulo.
I studied sustainable development through Columbia University, And one of my favorite economists is Jeffrey Sachs, The professor of several of my classes at Columbia.
It’s really just sad to see that bitcoin is basically just financially incentivizing more financial instruments, Instead of inspiring people coming out of the tech industry as they are replaced with neural networks to help clean up the mess left behind by The Federal Reserve and American Corporations. Everyone is concerned about getting rich instead of living a financial revolution.
Bitcoin for Kolwesii.
End generational poverty in the coltan trade!
These are the most important issues the bitcoin “community” is facing. Central banks will use bitcoin to balance their budgets, So essentially building more layers of money technology is just wiping the asses of all the central banks that people in the “core” of the bitcoin “community” hate. The point of world changing technology is to help the most needy, Not to create another layer of an obsolete system that most people cannot comprehend.
I sympathize with your perspective but to be humble acknowledges we don't know the "point" of paradigm changing technology and that will be for history to judge. For all we know Bitcoin could be about fleeing earth in 400 years, without which it wouldn't be possible. It's in service to evolution.