Before the new year in the Washington Post published an article about the consequences of the American extreme right in the cryptocurrency. When the radicals in the US are faced with failures in service for moral and ethical reasons from the business services web hosting, advertising and Internet promotion, they have to accept the donation tokens and pay for services. The article describes this as a way to crawl under official restrictions, but also it refers to unexpected indirect income that the extreme right was due to the rapid growth of the cryptocurrency.
Cryptoanalyst glad to such example of use of technology in order to avoid the all-seeing eye of the state, but reminded me of other somewhat similar cases. Last spring as a curiosity in the media flashed the message about how a certain disgraced Basque group disappeared from the radar, along with the savings in altonah because they turned out to be quite profitable and anonymous.
Than to fight with the government, decided radicals, it is better to lead a life of revolutionary theorists in retirement in some warm country, to read the memoirs of Che Guevara or Kropotkin, lying on the beach in a lounge chair and enjoying, say, a Daiquiri. A couple of months later in the business press mentioned the example of pirates in one of the fragments Somalia, South Cubalinda. There explained bad with the banks and the General financial infrastructure. But mobile communication was disseminated sufficiently to allow you to have the crypto and transactions, and therefore potentially to trade with the world.
Undoubtedly, trade has extended to niches like the forbidden weapons, but also led to the growth of turnover from ordinary fishermen and pastoralists, who a couple of decades opportunities to trade beyond the local market was not in principle — due to the collapse of the Somali state and its institutions. And in the autumn in the comments to the interview with the father of microfinance and inclusive financial services, as well as Nobel laureate Muhammad Yunus I read that in the most remote corners of Southeast Asia like mushrooms after a rain appear the startups that automate these microscopic loans, including those using the blockchain.
Where in his Nobel prize theory would be enough to the village clerk with three years of education, cashier at the chest and a notebook as a register, suddenly penetrate the instruments the following technological order, which even in the most developed countries would be new. While we theorize about the Bank in the form of a pure decentralized smart contracts, not tied to offices and storage, he might, being developed, and it exists somewhere in the jungles of Indonesia.
Such inclusive use of the cryptocurrency terribly poorly documented. I don’t think malicious intent. Probably from the same causes which have deprived Somali or Asian hinterland of modern infrastructure: traditional Economics does not care about half of the globe that is not done, not built hotels are known for networking and has not arranged tourist routes. And if there are occasionally shoot!..
While hidden from the Western audience top of the iceberg of the technology sometimes breaks out in the press, only then to realise what we faced during the experiment a epic scale involved. Now on the planet without access to formal banking services is home to more than half of the population, nearly four billion people. Of these, half a billion in one of Asia. It is the ordinary people, they have arms and head, they are able to work and would like to produce product or service, and then to exchange them for something else they need in life. You can continue to believe that the investment market is so exhausted that cryptocurrencies are not physical assets that a lot of Millennials, and the real price is zero, but then the reality is still taking its toll.