Episode 188: Crypto Coercion
Words & Numbers
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The Impact of High Fees on the World Economy
If you're looking at very high fees, the entire developing or third world is eliminated as a customer. I get emails actually pretty often from people in places like Venezuela or different parts of Africa saying they can't afford to make a Bitcoin transaction. We see governments trying to predict that I went to a zoo not too long ago in Indonesia and it was illegal to pay for your tickets with anything other than the Indonesian rupee. It just shows governments want to make sure people continue to use their government-issued monopoly money.
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