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0 thoughts on “An interesting analysis about Argentina and the government’s veto on Uber rides paid by card, but especially a proof that fake news travels fast and that very few take the time to dig deeper. Courtesy of JP Konig, originally published on his blog “Moneyness” on September 26th, 2018. The tweet comes from Anthony Pompliano, aka Pomp, who works at Morgan Creek Digital Asset where he runs a cryptocurrency fund. So, have I been wrong all along about bitcoin? As anyone who has been reading me for a while will know, I’ve been skeptical of the bitcoin-as-money story. Rather than fulfilling Satoshi Nakamoto’s vision as being a next generation medium of exchange, bitcoin has gone mainstream as a new type of gambling technology—an exciting decentralized zero-sum financial game. This is a somewhat useful role, but let’s face it, it’s not quite as revolutionary as digital cash. But if Argentinians are indeed hailing rides and paying drivers directly with bitcoins, as Pompliano seems to be saying, then maybe I’ve been too quick to dismiss the bitcoin-as-money scenario. Paying for stuff is exactly what Satoshi Nakamoto intended bitcoin to do, right? So I dug further into the tweet. Twitter: Couldn’t find anything in the news about this. Anyone got a solid source? Pomp: https://cointelegraph.com/news/uber-switches-to-bitcoin-in-argentina-after-govt-blocks-uber-credit-cards

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