Hey, bitcoiners, I want to talk just briefly about what bitcoin can do for the poorest in the world. Eradicating poverty is the UN's primary goal, not HIV, malaria, world hunger, or war. Poverty, and for good reason, being excluded from the global financial apparatus is a major reason why the poor are locked into poverty. About a third of the world's population three billion people are underbanked and underprivileged and could be lifted out of poverty through financial
inclusion. That's why bitcoin is a great tool for eradicating poverty, as it helps include the unbanked in the global financial market. To take part in the bitcoin economy, you don't need a social Security number or an address. You don't even need a name. It doesn't matter what country you're from and what religion you subscribe to, or what level of education you have. It doesn't even matter if you don't have access to basic financial services or even basic standards
of living. It doesn't matter if you live in a totalitarian regime where they try to make bitcoin illegal, or even if you live in prison. All you need to take part in the bitcoin economy is a cell phone and an Internet connection, and you become your own bank. Actually, you don't even need a cell phone and internet connection, but it helps. Bitcoin is unstoppable. No one can interfere with your transactions. No one can confiscate your money.
No government or bank can dilute the monetary supply, making the currency worthless, as we've seen happen in Venezuela. Bitcoin gives financial power to the people, regardless of who you are, and the poor can leverage this with bitcoin. The poor who don't have access to financial services can include themselves in the global financial apparatus. The oppress can escape their country's government without removing themselves physically
from the country. Completely neutral, censorship resistant, immutable, and borderless digital cash with a fixed supply is a huge, huge deal. That's a short one for today, and make sure to subscribe to the podcast then join Iomi Appleberg explains bitcoin on Facebook and Twitter Talk soon