![]() The cypherpunk narrative wasn’t the focus of that night.”įor Eléonore, it was a solution to the inequality she’d first experienced in Lebanon – a way to redress the balance and give essential services to those for whom they’d previously been unavailable. That night was an ICO-pitch night, but I understood that there was something interesting going on – a technology, something called blockchain, then crypto. “I sat next to two awkward guys who were real introverts and it was hard to socialise. “I showed up and there must have been around 100 people there – mostly men,” she says. It was a life-changing meet-up in many ways. For many developing nations, cryptocurrencies offer access to important financial tools for citizens who’ve historically been excluded from even the most basic banking resources.Įléonore had applied for a position with the United Nations Development Programme in Mongolia, but her plans were halted by a Bitcoin meet-up. When it comes to financial services, it’s no different. “It was my first experience of serious inequality as a “wealthy” exchange student able to buy water to fill tanks, while most citizens living there can’t.”Īccess to essentials like water is something many of us take for granted, but it’s an issue that’s plagued the globe for centuries. “That was the first time I woke up and didn’t have water,” she said. Meet Eléonore Blanc, founder of CryptoCanal.Ī big eye-opener for Eléonore occurred during an exchange programme as part of her bachelor’s degree in Lebanon. So who are the people that foster this unity across borders and cultures? We had the pleasure of catching up with one. Think about Bitcoin – it never had any marketing budget, instead, it was all word-of-mouth, online forums or community-led meetups and educational sessions.Ĭommunities are vitally important ecosystems that need to be nurtured, but they don’t appear magically by osmosis. In fact, it’s ingrained into the technology itself. The crypto ecosystem is built on that community spirit. When we look back at the history of cryptocurrency and how it got to where it is, we can see how integral a sense of community was and continues to be. Think about our families, our corporate structures, our governments… the need to work together is evident everywhere. ![]() The importance of human social interactions is unmissable in everyday life. has moved forward with plans to develop a digital euro over the next couple of years while China has already begun real-world trials of its digital yuan.ĬryptoCodex -A free, daily newsletter for the crypto-curious.Almost all species have their own unique social systems built upon needs specific to them – whether that’s food scarcity, survival in numbers, or other habitational intricacies. This week, Federal Reserve chair Jerome Powell said one of the stronger arguments for a digital dollar is that it could undermine the need for bitcoin, other cryptocurrencies and so-called stablecoins, digital currencies such as tether that are pegged to traditional assets. "Ultimately I think bitcoin (and many other cryptocurrency assets) will lose out to central bank digital currencies-many of which will be live by the end of the decade," Smales said. While 54% of the panel, surveyed by personal finance comparison site Finder, expect bitcoin to eventually overtake fiat currency-sometimes called "hyperbitcoinisation"-by the year 2050, 44% of panelists, including University of Western Australia associate professor Lee Smales, don’t expect bitcoin to ever become the dominant form of global finance. However, the bitcoin price is predicted to fall further before finding a floor, with the panel consensus of $25,000 per bitcoin-down around $8,000 from its current price of around $32,000. ![]() Other Central and South American countries have indicated they may follow suit in an attempt to escape dependence on the dollar. dollar in a controversial economic experiment. ![]() This year, El Salvador has adopted bitcoin as legal tender alongside the U.S. ![]()
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