Developing nations coin ?

[fnaeem]

Assalmu alaikum,

Anyone interested in bitcoin/ethereum ? I think a lot of leverage that the west gets through economic sanctions is because the financial system is totally subservient to their rules. If they give a thumbs down, no one will do trade with you (e.g Iran). Although there is potential for abuse by non state actors. I was wondering if a private coin system in the developing world closed to un-approved actors could help flourish inter-3rd world trade.

Anyone know of any white papers written on this, from a political science perspective.

 

[Iconoclast]

None I could think of but they could easily blacklist your coin. Like what they did to Venzuela's Petrocoin or whatever it was called.
Wrote a gazillion times to Asad Umar urging him to establish miners in the northern areas of Pakistan on gov level. Now I think it may be too late.

 

[fnaeem]

it will only make sense if multiple countries accept the fiat. turkey, iran, pakistan and using that to trade as a separate system.