11 Nov '12, 11am

The poor in Africa need Bitcoin for their phones. M-pesa is good, but governments want to tax it. #bitcoin

The poor in Africa need Bitcoin for their phones. M-pesa is good, but governments want to tax it. #bitcoin

AFRICA’S “mobile decade”, when telephones at last reached most corners of the continent, has meant a huge improvement in the lives of the poor. But quantifying it is hard. How useful can a mobile phone be to someone living on less than $2.50 a day, the World Bank’s standard benchmark of poverty? Researchers in Kenya have given a partial answer. They find that people will skip a meal or choose to walk instead of paying for a bus fare so that they can keep their phone in credit. The weekly value of these sacrifices averages just over 72 Kenyan shillings (84 American cents)—not a trivial amount, seeing that the daily wage of a Kenyan labourer can be as little as a dollar. The report by iHub, an incubator for Kenyan tech start-ups, suggests that discretionary spending by the poor is now influenced greatly by their expenditure on mobile phones. Interviews conducted at half a do...

Full article: http://www.economist.com/news/middle-east-and-africa/2156...

Tweets

The shocking story of Roger Ver: < people like this, the conscientious, the risk takers, make life more tolerable.

The shocking story of Roger Ver: < people like ...

dailyanarchist.com 12 Nov '12, 4am

My road to becoming a voluntarist began in junior high when I found a copy of the book Socialism by Ludwig von Mises. At t...

Mobile apps get smarter using NFC

eetimes.com 10 Nov '12, 5pm

Mobile apps get smarter using NFC Junko Yoshida, Anne-Francoise Pele 11/8/2012 1:00 PM EST PARIS – Cartes, the annual conf...

An Introduction into Bitcoin

wittorf.me 11 Nov '12, 4pm

Over at Mashable is a pretty good introduction into Bitcoin as well. I once had a Bitcoin (yes, one), and I lost it (the w...

Does Mobile Search Matter In A Multiscreen World?

searchengineland.com 12 Nov '12, 2pm

In the same research where Google examines multi-screen behavior, it concludes that “consumers shop differently across dev...

@dmytri @ErikVoorhees @Beautyon_ Then you shoul...

c4ss.org 10 Nov '12, 12pm

Neal Stephenson’s novel The Diamond Age takes place in a future where encrypted currencies and e-commerce have moved most ...

Man, I wish our local #kiberpipa hackerspace #b...

video.kiberpipa.org 10 Nov '12, 7pm

Bitcoin je decentralizirana digitalna valuta. Natančneje: Bitcoin je svoboden sistem za hitro, vrstniško (p2p), (skoraj) a...

Measuring #Bitcoin Speculation

Measuring #Bitcoin Speculation

codinginmysleep.com 12 Nov '12, 10pm

I'm not normally one to delve too deeply into the world of financial charts, math and indices - oh I can read all variety ...

Necessary conditions for the long-term success ...

shadowlife.cc 07 Nov '12, 8pm

In this article I present my answer to the the question: What does Bitcoin need to succeed in the long-run? Before we cons...