It is so hard to understand how folks in the crypto space talk about helping the “unbanked” with crypto. Is there a fact and/or logic gene being set out of action? I simply don’t know.

Here’s a little help to fill in the missing parts.

If you live in a developing country and are not one of the tiny elite usually looting the economy and resources and more and more frequently with the assistance of crypto, these are you typical features:

You are less likely to have even a cell phone and less likely to have one with the required capabilities of storage, etc.

You are less likely to afford the connectivity or even have access to it.

You are less likely to know how to use even basic technology, let alone understand how to deal with your wallet and key and more likely to lose or have access (phone and all) stolen

You are less likely (well, really next to impossible) to have the ability to obtain anything of value that can be digitized.

You are significantly more vulnerable to scams and extortion.

Even if you’ve gotten past or avoided all the problems, you are less likely to understand volatility and are vastly more exposed to a complete loss of assets as a result.

Why do folks like Mr. Lambert think crypto will do anything to help the unbanked?

It defies all facts and logic.

As bad as the current situation for these people, crypto promises to make it worse. So those genuinely worried about the conditions of people developing countries and a hundred other avenues to unequivocally improve their lot.

Please, don’t try to connect your own selfish interests with helping those less fortunate. That alone would be a start to helping them.