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re libertarians. But the developing world is another matter Like most engineers
I got a lot more optimistic about Bitcoin once I understood how technically rem
arkable it is. In emerging markets, especially those wracked by high inflation,
troubled banks, and/or corruption, Bitcoin doesnt just look interesting; aside f
rom its volatility, it looks like a whole new and far superior ball game. (Many
such places have also been where tech infrastructure is weakest, but soon even t
he poor world will have near-universal smartphone deployment.) Whats more: Gre
ece"s new finance minister was already thinking about a variant of Bitcoin
as a national currency one year ago. http://t.co/9wQMS1Dir4 Balaji S. Srinivasa
n (@balajis) February 20, 2015 If and when Bitcoin (or a sidechain successor) s
ucceeds, it will (probably) do so by first supplanting existing financial system
s where theyre weakest. So keep a wise eye out for financial crises around the w
orld, and for Bitcoin growth and innovations where things seem worst. It may see
m grim and disconcertingly cyberpunk for so remarkable an innovation to grow in
shadows and troubled lands, to feast on crime and disaster; but that seems to be
the world we live in now. Featured Image: Jon Evans /Flickr