M-Pesa Lightning: Bitcoin Adoption Across Africa
synopsis
A news roundup covering Strike's Series B funding, M-Pesa's Lightning integration in Africa (massive adoption potential across multiple countries), a Bitcoin mining hosting company bankruptcy and the FUD it generates, and the Bank of England turning on the money printer. Ian argues Bitcoin has already deflated while everything else still must.
quotes
"Eventually, no one will exchange labor for money that can be printed."
"When these people figure it out and they go to buy Bitcoin, I'm not selling my Bitcoin to them."
"Bitcoin has actually deflated first. Everything else still has to deflate."
"This is what a real functioning market looks like. These people were not operating at an efficient level... good. We got them out of the Bitcoin game. We don't want them."
"They've primed them perfectly for Bitcoin." — on 96% M-Pesa adoption in Kenya
"The United States dollar is just the least worst fiat currency right now."
"BlackRock has more influence than Prince Charles."
topics
Strike's $80-90M Series B funding and debit card plansM-Pesa Lightning integration: Bitcoin adoption across AfricaBitcoin mining hosting company bankruptcy vs. actual mining companiesBank of England printing money / yield control crisisBlackRock holding UK pensions — bailout dynamicsNick Batia's investigation into BlackRock pension bailoutBitcoin as the "most honest price of any asset on the planet"