Crypto Capture of Foreign Aid

raincom

It is common to hear phrases such as "Mr 10 percent" as a reference to powerful leaders in various countries. For instance, Pakistan President Asif Ali Zardari is called "Mr 10 percent". 10 percent cut from every contract. This is not unique to Pakistan. In India, many regional party leaders (basically, they and their family own the political party) want 20 percent cut. When one hears 2-6%, it is just the floor.

pj_mukh

I know nothing about crypto, but wasn't one if its selling points that its "digital gold" for people without stable fiat currencies? You send aid to a drought-stricken farmer to some sub-saharan region with ample cheap data but no (stable) banks, how...are they supposed to store the money?

netsharc

From this exact blurb: > We estimate an implied leakage ... So the estimation became almost a fact in the title? What's the equivalent of clickbait in papers? The rest of that sentence: > ... of 2 to 6 cents per aid dollar, which amounts to roughly 1.7 to 4.4 billion dollars of aid diversion across the tranche arrivals we study.

xrd

This is relevant: https://theleahfiles.substack.com/p/the-currency-killer-part... Did you know Tether (cryptocurrency company) is in the top 20 USD treasury holders, more than most countries? And Lutnick is the manager of those funds, or his sons are (silly mistake!) because he divested completely.

Lerc

Does the movement of money increase when foreign aid is distributed? If you were to assume the proposition of the proponents of cryptocurrency that it works in a manner similar to money, wouldn't the evidence provided here also support the conclusion that it is working as intended? If you can imagine a valid world in which a measure is an indicator of a property and also imagine a valid world in which the same measure is an indicator of its inverse, all you have done is proven that the measure cannot be used to determine the truth of the property.