Oddbean new post about login | logout This is what real investigative journalism looks like. Ian Burrell, who was a big #Bitcoin sceptic, came to Africa with us with an open and curious mind. Through the trip and meeting people where they were, found a narrative outside of what he thought. FYI - Ian is one of the top investigative journalists of our time (and a pretty great human being) Reinforces how hard it is to stop an idea based on truth, hope and abundance, because “eventually” good people will discover it for themselves. https://unherd.com/2024/01/the-african-village-mining-bitcoin
This is an excellent article Jeff. We will be adding to our daily report. Let’s get Ian on Nostr!
Working on that!! And he is starting to understand why it’s so important.
I'm all for African pan-nationalism man.
Thank you for this sir. Already translated to portuguese-BR https://defiyogi.medium.com/a-aldeia-africana-minerando-bitcoin-31d95f06b5c4
In the first world, bitcoin is mostly a investment and store of value. In other places, it is more than that. nostr:nevent1qqs9z4ejsvleajt9v8rktl5rr6mmj84msfhx9j4awztpaud2zd355sgpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzpqlgrr0man8226c0252hdvla8xn62rsas9vngdgqx686ppwvm9jtqvzqqqqqqyjwqqeu
The average first world’er may not need bitcoin, but they’ll definitely benefit if the average third world’er finally has a reliable life raft that the first world values, and will eventually rely on for the same reasons the third world needs that life raft. Fiat is a disease.
Loved the read, thanks for sharing. Again the same old predictable criticism in the comments, but also quite a few positieve reactions (and some nice downvotes). The tide is turning, slowly but surely! https://m.primal.net/HWgL.jpg
Great reading from a journalist who feels obliged to report on what he actually sees and experiences, and not on what his prejudices lead him to believe... nostr:nevent1qqs9z4ejsvleajt9v8rktl5rr6mmj84msfhx9j4awztpaud2zd355sgppemhxue69uhkummn9ekx7mp0qgsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcrqsqqqqqpgagt69
Discover good people discovering 🔶👀 nostr:note129tn9qelnmyk2cw8vhlgx84hhy0thqnwvt9t6uykrmc65ymrffqsnzdrad
Still, he got one thing wrong: the scandal around Sam Bankman-Fried was fiat based and should definitely not be routed towards Bitcoin!!!
"As former development minister Rory Stewart said in a lecture at Yale, Britain gave £4.5billion over half a century to this southern African country corroded by corruption and bad governance, yet it ended up “if anything, poorer than it was when we started”. Foreign Aid allows corrupt governments to cinch the economic noose tight, because the standard of living of corrupt governments are funded via pilfering the foreign aid. Absent foreign aid, corrupt governments would need to sustain their standard of living via taxation of the local economy, and would thus loosen the economic noose to allow the economy to grow, and thereby be capable of greater tax harvest. meh...no one said human farming was easy. While foreign aid 'feels nice' for westerners, it has a counterproductive effect of keeping an economically oppressed people oppressed. What they need is economic liberty and sound property rights that allows for the accumulation and efficient allocation of capital.
