“But, if you’re a remittance-dependent country like El Salvador or Tonga, it’s life changing immediately. For hyperinflation ravaged countries like Nigeria or Venezuela, where you need a wheelbarrow of currency to buy a loaf of bread […] it could be a survival mechanism for four billion poor people,” he said.“It’s the soundest money ever devised. It’s the combination of digital scarcity and decentralized distributed ledger. The most democratic egalitarian money on the planet. It’s sound money, the most pristine asset ever devised. It has a 200% appreciation year-on-year. As a store of value, it’s the apex creditor asset.”
Related: Crypto remittances see adoption, but volatility may be a deal breaker“People understand the three hours of travel and the $20 return fare bus ticket. Waiting in line at a Western Union to pay the high remittance fees. The $70 dollars that is at the counter instead of the $100 they thought they would get. And then there’s the beggar’s tax, as beggars sit outside. Three hours each way back to the village, makes a nine-hour day, you come home tired, hungry and having lost remittance fees and bus fares just to get $40-50 of your original $100 wire transfer.”
Apologize for being so excited. But this was a HUGE Earth event folks!
I'm very concerned about the islands around the Volcanic event, and the very real possibility, of failing crops around the globe.
This could be a huge famine coming as a result.
The Earth skys in the coming weeks to months. Will be like nothing we ever seen.
Don't forget the Iceland volcanoes either. A massive eruption around 1785 or so is claimed to have indirectly caused the French revolution by causing the crop failures that then led to the food shortages. Marie Antoinette "Let them eat cake,"
All the stuff that went 100,000 into the air will circle the planet several times before dumping it on the ground.
We can expect famine in certain areas.
We can also expect food price increases even more than we are now seeing. Food shortages almost certainly.
I just viewed some video footage and they did down play it some, but time will reveal what really happened and the satellite imagery looks like it really blew up.
That’s awesome!Here is a satellite view of eruption.
It looks like this will be an on going event for weeks or months. This could get interesting.
Haha!! I added the caveat “could get interesting” as to not give it a full jinx.Don’t jinx it !!
Look at the shambles we singlehandedly made of poor, fell-flat-on-it’s-face La Palma.
Poor thing didn’t stand a chance once the TimeBomb doomers got their fingers around it’s throat.