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Speaking for myself it was 100% a joke, it was just amusing to me to picture someone like darth secretly making off with the money.
Also, welcome back @DarthCoin. Eager to hear your thoughts on WorldCoin lol
I think there is a hurdle rate as a South African I can tell you very few people will be able to do this you need
- A reliable power source which we don't have
- So you need an uninterrupted power supply to keep you from getting hit with blackouts or have solar panels with a deep cell battery
- Very few people have fibre internet and use mobile internet so you need a sim card with data on it ($5.20 per GB)
- If you don't have mobile data towers in your area you'll need a satellite dish to either broadcast an internet connection or broadcast locally to someone who has an internet connection
- You need liquidity, which you either need to buy from an exchange who is going to take fees off you or use a non-kyc which is going to hit you with a 30-90% premium
Then when you finally one deal with all that channel management BS lol, not very practical, the way I see it you will have to run uncle jim models which is not unpopular here.
So what people will do is all pay 1 guy who will cover the cost to get a fibre connection for example and everyone connects to that WIFI, people do it with satellite dish tv too and even banking, we call it a "stokvel" where people all give their money to a community member who "saves/invests it"
Paxful drank their milk shake!
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https://i.postimg.cc/HH4xqNWk/ALL.png
LocalBitcoins global volume
Source: https://coin.dance/volume/localbitcoins
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https://i.postimg.cc/Qh36tFrq/ALL.png
Paxful global volume
Source: https://coin.dance/volume/paxful
👏 Thank you to @btcretriever for creating it, highly recommend if you need any work front end, web or dev work done
I feel like the Pavlovian dog, being reconditioned everyday.
And I'm all for it.