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Author Topic: [2016-04-07] TheAtlantic: Can Bitcoin be used for good?  (Read 216 times)
pawel7777
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April 07, 2016, 10:22:57 PM
 #1


Can Bitcoin Be Used For Good?

http://www.theatlantic.com/technology/archive/2016/04/bitcoin-hype/477141/

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Something strange is happening to Bitcoin. Once viewed as a way to do business in the darkest corners of the web, the digital currency has rather suddenly become a favorite talking point among humanitarians and international development enthusiasts.

Bitcoin isn’t just for illicit transactions or Internet hobbyists anymore, but for helping the poor, the downtrodden, and the unbanked.

Perhaps Bitcoin can save them! Perhaps Bitcoin can save the world!

Regardless of whether this attitude is realistic—and more on that in a minute—the people focused on demonstrating the social benefits of Bitcoin are challenging existing narratives about the cryptocurrency. While early commentary focused on how Bitcoin might be used to buy drugs online, or for sending money without a paper trail; the social-good argument suggests that these uses were simply the first use-cases in which Bitcoin’s utility became apparent. But there are billions of other potential use. There are, for example, people who face significant obstacles in operating within the formal banking system—and these folks look very different from the shadowy hackers that tend to be seen as the prototypical Bitcoin user. They could be low-wage migrant workers sending money back home to their families, for example, or activists receiving money from abroad during tumultuous times.
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Slowturtleinc
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April 07, 2016, 10:38:29 PM
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Esquire also ran a little feature on bitcoin in the same month,was on the Winklevoss twins and how they where gambling everything on bitcoin.
Read that Atlantic post in a skim,it kind of felt like every other story I read in the media about bitcoin. Same talking points and no real depth to the articles.

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marcus_of_augustus
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April 08, 2016, 12:39:11 AM
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... tide is turning once again.

These people are totally vacuous and just go with whatever way the wind is blowing. Why they call it Lamestream media i spose.

Slowturtleinc
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April 08, 2016, 12:46:56 AM
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Actually enjoy the Atlantic. Tend to find at least one interesting article and doesnt put me to sleep like the economist or bloomburg.

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