Part 8/10:
However, Long remains optimistic about Bitcoin's broader acceptance in countries with weaker banking systems, where individuals use it as a lifeline. She identifies the need for Western countries, especially the U.S. and its regulatory bodies, to understand that Bitcoin presents advantages in efficiency and security over traditional fiat systems.
The Role of Governments and Global Game Theory
Long discusses emerging North-South dynamics regarding Bitcoin adoption. She notes examples like El Salvador, where Bitcoin adoption has brought noteworthy economic benefits, showcasing how smaller nations can lead the way in implementing Bitcoin policies successfully.