P2PFinance and The True Use Cases of Bitcoin
summary
Argues that the real Bitcoin killer app is peer-to-peer finance using BTC as a universal clearing layer, not tokens or speculation, and claims about 60,000 trades per day with an average $70 trade. Says ~90% of volume today is speculative but P2P solves payments, remittance and e‑commerce by matching local buyers and sellers, enabling near‑zero fees or even 1–2% profits via arbitrage. Gives concrete outcomes: two schools built in Rwanda after converting a quarter million USD in Bitcoin to Rwandan francs.
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chapters (9)
- 0:00Intro
- 0:55Gray Markets
- 2:07Speculation
- 3:39Three Miracles
- 7:05P2PFinance
- 12:03Ray Market Speculation
- 15:07Payments
- 18:40Remittance
- 25:17Social Good
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