Have you seen this Foreign Policy op-ed?
Posted: Fri Jun 25, 2021 2:33 pm
Mark Goldberg recently put out an op-ed in Foreign Policy about the potential for using blockchain technology to combat poverty around the world. You can read it here: https://foreignpolicy.com/2021/06/22/bl ... t-poverty/
If you don't have time to read it, he basically lays out some of the benefits of decentralized finance (DeFi), including its ability to make sending remittances faster and cheaper, the way it can allow anyone to offer loans to people in parts of the world where most loans are usurious, and its ability to offer a financial identity to people without access to financial institutions. He even briefly touches on the possibility of providing a basic income to people living in extreme poverty.
It's really encouraging to see these ideas being shared in a mainstream publication like Foreign Policy. So much of the press around blockchain and cryptocurrency is negative. Do you think Goldberg's ideas have merit? Do you see any areas where he may be missing something?
If you don't have time to read it, he basically lays out some of the benefits of decentralized finance (DeFi), including its ability to make sending remittances faster and cheaper, the way it can allow anyone to offer loans to people in parts of the world where most loans are usurious, and its ability to offer a financial identity to people without access to financial institutions. He even briefly touches on the possibility of providing a basic income to people living in extreme poverty.
It's really encouraging to see these ideas being shared in a mainstream publication like Foreign Policy. So much of the press around blockchain and cryptocurrency is negative. Do you think Goldberg's ideas have merit? Do you see any areas where he may be missing something?