Thread

1. pj_mukh · 1790970483 · focus · HN ↗

   I know nothing about crypto, but wasn't one if its selling points that its "digital gold" for people without stable fiat currencies?

   You send aid to a drought-stricken farmer to some sub-saharan region with ample cheap data but no (stable) banks, how...are they supposed to store the money?

   1. satya71 · 1790970644 · focus · HN ↗

      World Bank doesn’t typically give money to people. They fund development projects.

      1. cucumber3732842 · 1790971366 · focus · HN ↗

         This. All the perverted incentives and money wasting inefficiency of federal grant funded local projects but for poor brown people half a world away.

         1. yutter4 · 1791000095 · focus · HN ↗

            That's very naive of you to think most of it isn't ending up in Israel one way or another.

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