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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 2010 essay “Alms Dealers,” Philip Gourevitch tells the history of aid. The industry, he wrote, was largely born in 1968 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 $200 billion foreign aid industry.