Sjors Provoost is a coding renaissance man who lives, breathes and receives his salary in Bitcoin.

To many, Bitcoin is the ultimate democratic currency; encrypted and safe, largely anonymous and ultra-cheap.

Ross talks to Sjors about the future of Bitcoin and other crypto-currencies, with a particular focus on how they might be used to improve development outcomes for the world’s poorest people.

This is a topic close to Ross’ heart, as he spent two years working with the G20 to reduce the cost of sending money back to poor countries. Could Bitcoin be the silver bullet everybody is looking for?

 

IN THIS EPISODE, YOU’LL LEARN:

– What Bitcoin is and how it works.

– How crypto currencies, and Bitcoin in particular, can have an impact on development outcomes and spreading democracy.

– How crypto currencies can help generate market liquidity.

– The impact crypto currencies could have on remittances and financial inclusion in the developing world.

– Why cash is more anonymous than even an encrypted currency.

– The opportunities and challenges of using Bitcoin for remittances.

LINKS AND RESOURCES MENTIONED IN THIS EPISODE:

Sjors on Twitter

The British guy who threw out $9m worth of Bitcoins

Mt Gox

Life inside a Chinese Bitcoin mine

Blockchain

G20 Development Working Group

The Silk Road

MPesa

– Show notes for this episode are available at fairmarketeers.com/episode14

   Thanks for Listening!

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