BeInCrypto has spoken to none other than Samson Mow about… Bitcoin!
Samson Mow, founder of Pixelmatic, worked as COO at BTC China, as production manager for Ubisoft Entertainment and CSO of Blockstream. The Bitcoin expert has left these projects behind and founded JAN3 not so long ago. JAN3 is all about speeding up the Bitcoin adaptation time for the Hyperbitcoinization?
JAN3 is currently supporting the development of the digital infrastructure in El Salvador. The South American country had declared Bitcoin an official means of payment in 2021 and is now intensifying its adaptation efforts.
“Our main goal is to accelerate hyperbitcoinization. We want to get more nation states to adopt Bitcoin, use it as legal tender or integrate it into the economy in some form.”
At the moment, Samson Mow is also busy integrating two Blockstream projects into JAN3 – the Bitcoin Wallet AQUA and an NFT platform.
Bitcoin promotes tourism…
Since El Salvador has made Bitcoin the official means of payment, the Central African Republic has followed suit. Samson Mow explains that more and more states are now turning a blind eye to Bitcoin. And he also explains why there is not much interest in Bitcoin on a political-financial level in countries like Germany:
“In developed countries, things are definitely going a little slower, simply because there is less need. Countries like El Salvador or the Central African Republic really need Bitcoin. Bitcoin is perfect for you because it is apolitical money that no one controls.”
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Furthermore, Samson Mow points out that people with limited or no access to the centralized banking system are likely to be interested in Bitcoin.
“You save money on your transfers, the economy can grow, because then more money actually arrives in countries like El Salvador. In El Salvador, the focus is now on bringing tourism and investment to the country. Until the Bitcoin law came out, El Salvador had hardly any tourism – this could also happen in Central Africa, because there is hardly any tourism there either.”
Samson Mow also talks about his own experiences in El Salvador. Travel to El Salvador is often discouraged, at least in some travel guides. However, Samson Mow reports that he felt safe in El Salvador and that it was very safe, especially in the cities. And above all, a place:
“Bitcoin Beach is pretty safe!”
Quo vadis, Bitcoin?
Even if we are still far from seeing Bitcoin as a legal tender in Germany (or let alone introducing it as such), Samson Mow remains bullish:
“The wonderful thing is that sometimes it can happen very quickly. Let’s take Canada as an example. I didn’t think Bitcoin had a chance in Canada. But we were taught a better lesson: The freedom convoy of the trucker protests has shown that Bitcoin is necessary.“
The truckers used Bitcoin as a means of receiving donations during their protests against the country’s strict Covid measures. Why? Because some fiat money flows have been prevented. Once again, Bitcoin has proven to be useful as non-political money.
“Not only Canada needs apolitical money, the rest of the world needs it too!”
On the European continent, on the other hand, we see a more peaceful rollout of Bitcoin: the Swiss city of Lugano.
“Paolo Ardoino has ‘ge-oranged-pilled’ the entire city of Lugano.”
Not a whole country, but a city. “And that’s not bad either, is it?”
A fool and his money are soon parted. But they are parted twice.
The first time is when they sell #Bitcoin to shitcoin. The second time is when the shitcoin implodes.
– Samson Mow (@Excellion) July 5, 2022
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