Crypto is all about decentralization — decentralizing power and control, decentralizing data, decentralizing access.
Starlink, Elon Musk’s project to bring satellite-based internet access to rural areas across the globe, is the latest development that could make mass migration away from dense urban areas possible.
In other words, Starlink could help decentralize the current organization of wealth.
If you invest in crypto, your funds aren’t bound to any one bank or even currency. You can go anywhere … if there’s WiFi.
That’s the catch of having digital funds: You need internet access in order to trade.
But as Juan Villaverde puts it:
Once you've got global coverage of high-speed internet, fiber in the cities and Starlink in the suburbs and rural areas, now you've got a true global population on the internet equal to the population of the world … This means that all the growth that we've enjoyed in e-commerce and so forth will continue to rise.
The connection between Starlink — which could bring government-free internet access to billions who live in less-populated areas of the world — and cryptocurrencies — which live on the internet and offer decentralized, trustless financial opportunities — is evident.
In this timely interview, Juan and Chris discuss:
• The limitations of Starlink or any satellite-based internet system.
• The possibility of crypto satellites, like Blockstream Satellites, which allows users to connect directly to the Bitcoin (BTC, Tech/Adoption Grade “A-”)
• The impact that free, non-regulated internet access will have on mining.
And more!
This is an exciting development that could unlock yet unknown possibilities. I urge you to watch the full video now.
Best,
Beth Canova
Managing Editor
