The Humanitarian and Environmental Case for Bitcoin

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The humanitarian and environmental case for bitcoin. By alex glad stein can bitcoin reduce aid corruption. Help end dependency and bootstrap renewable energy for emerging markets. Bitcoin is typically thought of as an investment and a strictly financial innovation. But what if some of its greatest impact over time ends up being in the humanitarian and environmental spaces. This essay will explore some of the major challenges in the realm of international development and will argue that donors should be looking at bitcoin. Payments and mining as tools to reduce corruption diminish dependency and help renewable energy overcome adoption obstacles worldwide in his searing twenty. Ten s. A quote alms dealers. Philip gurvich tells the history of aid. The industry he wrote was largely born in nineteen sixty eight from western compassion triggered by the televised starvation of children in nigeria's breakaway biafra province. The impulse to help those less fortunate in the world around us has become a vast two hundred billion dollar foreign aid industry. The twenty two wealthiest governments provide approximately sixty percent of that sum with private ngos companies and foundations funding. The rest around a third of government foreign aid is classified as development assistance. A third as humanitarian relief and a third is military or security support in total over the past six decades more than four trillion. Dollars of aid has been sent. from rich countries. To poor countries

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