“For one, it’s got nothing to lose. By now Detroiters should be sick of being pumped and dumped by the financial system. Detroit desperately needs to diversify its economy. Detroit and its neighbor, Windsor, form North America’s largest cross-border conurbation. It’s the ideal location for taking advantage of bitcoin’s frictionless, cross border transactions. Assets are selling like hotcakes in Detroit and lower costs mean less risk for the kind of entrepreneurs that are already starting to turn Detroit into a lab for innovation. Detroit is already the birthplace of two bitcoin exchanges. Coincidence? No. The solutions come from the people with the pain.”
