What more could a burgeoning technology ask for to thrive? Massive global unemployment, cascading in waves as a viral pandemic shutters most parts of the non-digital economy, has put the world on the precipice of the “everything bubble” Satoshi Nakamoto sought to inoculate us against with the creation of bitcoin
This is both the moment the cryptocurrency community has both eagerly awaited and dreaded. A global pandemic hitting just as sovereign currencies are being architected should serve as an accelerator for rapid issuance and acceptance. This should be true in particular for teetering third-world economies lacking a global reserve currency to inflate their monetary bases without hyperinflationary hell to pay. Additionally, there are undeniable health and hygiene benefits over paper currencies, not just better trackability for tax collection and law enforcement purposes.
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