How Lebanon’s Economic Crisis Highlights Bitcoin’s Limitations | Crypto Craft

  • How Lebanon’s Economic Crisis Highlights Bitcoin’s Limitations

    From coindesk.com

    Lebanon is far from a poster child for cryptocurrency adoption. News of Lebanese banks shuttering to prevent a bank run was met with predictable enthusiasm from the global bitcoin commentariat. People in Lebanon can no longer send foreign currencies, mainly dollars and euros, abroad. Further, due to heavily restricted banking access and limited liquidity provided by established grassroots networks, most Lebanese civilians also struggle to acquire bitcoin. Long-time bitcoiner Ali Askar, currently on the ground in Lebanon, told CoinDesk a few Telegram and WhatsApp groups for local traders have nearly doubled in size ... (full story)

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TudorIoan
Oct 29, 2019 7:52am
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Bitcoin can't save nobody. It's all made up. Alright, the US green buck it's made up too...
But you have to work hard to create value.
Not sitting on back and waiting for the crypto miracle to save your shit.
Bitcoin is just another shit if you don't make the things right.
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cryptocow
Oct 28, 2019 5:37pm
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Bitcoin can't save Lebanon, but Libra can
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