> it can thrive more quickly in other parts of the world
I live in a 3rd world country and it is obvious to me that bitcoin can thrive here more quickly. Let's say I'm a freelance programmer. There is no practical way for me to receive money from clients abroad. Even if I get money somehow, there is no practical way to "legitimize" them and use for large purchases. Want to found a startup and sell stuff online? Good luck trying to get a merchant account. Want to save for retirement? Either keep money (in USD of course, not the local currency) under the mattress or trust it to the corrupt banking system that goes pop every 10-15 years.
I live in a 3rd world country and it is obvious to me that bitcoin can thrive here more quickly. Let's say I'm a freelance programmer. There is no practical way for me to receive money from clients abroad. Even if I get money somehow, there is no practical way to "legitimize" them and use for large purchases. Want to found a startup and sell stuff online? Good luck trying to get a merchant account. Want to save for retirement? Either keep money (in USD of course, not the local currency) under the mattress or trust it to the corrupt banking system that goes pop every 10-15 years.
Bitcoin is already making life so much easier.