Ray Youssef Talks Wisdom

Yes, Bitcoin is the universal clearing for money and a path for every human into every financial network on 🌍. This is #p2pfinance https://t.co/IYH7qot4sn

— Ray Youssef (@raypaxful) July 29, 2019

When you begin the day with a savage stack of tasks it is wise to have the civilization builders as your foundation. The true Gospels ( by Barnibas ) and the Bitcoin standard by @saifedean are the kernel of true understanding of this mortal world. pic.twitter.com/HXfvuRF5nD

— Ray Youssef (@raypaxful) July 29, 2019

Working on it! https://t.co/xfRMMRYup8

— Rashida Tlaib (@RashidaTlaib) July 29, 2019

One reason why the #FreedomDividend has bipartisan support is that it is both humane and fiscally efficient. Milton Friedman, one of the fathers of modern capitalism, championed Universal Basic Income for this reason. pic.twitter.com/uYqfMXchSr

— Andrew Yang (@AndrewYang) July 29, 2019

Bitcoin is not money.

If the US President tweeted that "marijuana is not a drug," (he regulates drugs) do you think avid pot growers and smokers would argue with him?

The US President has said "Bitcoin is not money."

Bitcoiners want to argue with that.https://t.co/TJrBPNA0dq

— Ⓥin Ⓐrmani (@vinarmani) July 29, 2019

Africa Is Mars

Mars is undoable. Mars is undesirable. There is this funny thing called gravity. The human body does not do well in the absence of gravity. Send robots. They are gravity neutral. But people? Africa is plenty undiscovered. Plant a trillion trees instead. Save this very planet instead.

When you plant the Australian eucalyptus in a new climate, there is havoc. Imagine a microbe from Mars coming over to earth. What could happen?

The best point for rockets are one step further and one step closer. I am all for robotic mining of the asteroid belt. Countries used to go to war over spices. Gold is the new spice. I am all for internet access on every point on earth through 10,000 or more satellites.

But I am all about Africa, not Mars. Ray Youssef has an edge over Elon Musk in that regard. Mars might be Elon Musk's masterstroke in marketing, not an actual place he wants to go to. Look, Mars! He says. And then builds boring tunnels and exciting cars.

Both Ray and Elon are immigration success stories. Both are out of Africa. Elon might look like he has white skin, but you just have to read his life story to realize the sickness that was apartheid also brutalized him. Elon grew up in South Africa. Ray's parents came from Africa. Ray is a New Yorker. And now Ray is America's gift to Africa. These two inspiring entrepreneurs are in stark contrast to the stupidity emanating out of Washington. So much garbage is being talked about immigration. To Ray I might say, go back to Africa. But looks like he is already there.

Africa Is Mars https://t.co/fjH9jnKbcQ @elonmusk @raypaxful @Tesla @SpaceX @paxful @skyzer4ever @boringcompany @BTCTN @blockchain

— Paramendra Kumar Bhagat (@paramendra) July 20, 2019

Money Moved, Value Created

The biggest development economics story of my life is something I was never taught in any of the textbooks in high school or college. No development economist, many of whom do originate from the Global South, was able to foresee that remittance will play a much bigger role in development than foreign aid or even trade.

Aid is big, trade is much bigger, but the biggest of them is remittance. And we have to put remittance in a separate category from trade because we have still not achieved that stage in human evolution when we might realize a completely free movement of people all over the world will immediately add a few trillion dollars to the global GDP. Money moves. Goods move. But people get clamped down. That is where we are.

What is remittance? People move from poor countries not always to the richest countries. More often they move to slightly richer countries. They work the lowest-paying jobs. They save money when saving might be thought of as impossible. They pay shark rates to move money. And they send money home. This has been the greatest driver of development in the past few decades. No economist was able to foresee it.

There is enormous value created when you make it possible for people to move money. And that is elemental. That is not even banking. When you make that movement instantaneous and free, the value is so, so much larger. And the Blockchain promises to do that. The Blockchain is going to be more revolutionary than the Internet. The Internet has been the appetizer. The Blockchain is the meal.

Money Moved, Value Created https://t.co/YS6qahAsUP @raypaxful @paxful @skyzer4ever @msantoriESQ @ChrisConeyInt

— Paramendra Kumar Bhagat (@paramendra) July 18, 2019

The Underbanked And The Blockchain

The Blockchain: The Unavoidable Governance Issues

"You say your product will solve problems for the underbanked. So how many of your users are underbanked?"

"I don't know."

People (smarter than I) doing crypto policy know you can't credibly use the underbanked as human shields like this.

— Marco Santori (@msantoriESQ) July 17, 2019

And to be clear, crypto policy people use the underbanked as a perfectly credible example of the technology's virtues... it's just that they back it up with, you know, data.

— Marco Santori (@msantoriESQ) July 17, 2019

True, those same people have never even taken the time to speak to an underbanked person. If they did they would realize why no one has actually done it. Paxful has been doing it on the ground in Africa for 4 yrs now. They taught us what bitcoin is good for #p2pfinance pic.twitter.com/G0IVu3LROJ

— Ray Youssef (@raypaxful) July 17, 2019

Why is it that despite the fact that the dollar a day people are much, much better at paying back their loans than the educated, rich people in a place like NYC that the banks have a history of ignoring the dollar a day people? I don't think it has been malice, for the most part. I think the processing costs for a loan has been just too high to take it to the dollar a day people. Now that has fundamentally changed. The costs are on their way to zero. Which is to say, the Blockchain will positively impact the close to two billion unbanked, and almost that many underbanked (a lot of whom are right here in the US), more than the other groups. For the same reason why drones are taking off in Rwanda like no place in the US or Europe, and why mobile phones penetrated India so fast.

The Underbanked And The Blockchain https://t.co/gQCgQTE9pN @msantoriESQ @raypaxful @Rich_Downing @tabali_tigi @Ronaldhow@sull @kumavis_ @MacDadiso @fcmartinelli @cryptodinner @nivertech @CryptoMtnDrew @DDGaddis @CryptoRegs @JosephLoretta @jbrukh @chochoichoy @AndreaTinianow

— Paramendra Kumar Bhagat (@paramendra) July 18, 2019

The Underbanked And The Blockchain https://t.co/gQCgQTE9pN @jperla @jdrive @airrrr @moniquebachner @HectorRosekrans @pyskell @OtterKnockOut @katyaandme @hakanai_df @xavieriturralde @jillruthcarlson @MindsFiction @ferfernandez84 @GinisAlexander @oliverbeige

— Paramendra Kumar Bhagat (@paramendra) July 18, 2019

The Underbanked And The Blockchain https://t.co/gQCgQTE9pN @LuggageDonkey @asglidden @DollarJones @paulith @DoWithCare @dremannBTC @sarahmarville @HaileyLennonBTC @p_miller_ @vaclavspac @sedcHH @oppcreator @ALaudino @soppstu @tabali_tigi @Cypherm0nk @WelliThink2 @UnbankTheBanked

— Paramendra Kumar Bhagat (@paramendra) July 18, 2019

The Underbanked And The Blockchain https://t.co/gQCgQTE9pN @akiddo @dstadulis @eosnewyork @markjeffrey @odoudin @DerekAndonian @sudogene

— Paramendra Kumar Bhagat (@paramendra) July 18, 2019

The Underbanked And The Blockchain https://t.co/gQCgQTE9pN @blockchain @Cointelegraph @CocosBCX @goBLOCKCON @coindesk @AskBlockchain @celiaszadeh @bchaininsider @calblockchain @rashmiranjan @ibm @howardlindzon @nycbigapps @anoopkansupada @ibmblockchain @teedubya @chainleak

— Paramendra Kumar Bhagat (@paramendra) July 18, 2019

Ray Youssef Of Paxful Likes My Tweets

We @paxful believe social good should be a pillar of the mission from the very start not just when we “make it”. We are building 100 schools and on school #3 soon! We can do this because we are 100% bootstrapped. No ICO, no VC’s telling us to only make profit! #p2pfinance pic.twitter.com/JayDwW1muF

— Ray Youssef (@raypaxful) February 11, 2019

@paxful #paxfulstory #paxfulBdaygiveaway...
If not for Paxful, where will I be today, I graduated and haven't get work but by virtue of trading on Paxful, my life is better...God bless @paxful and @raypaxful, may you never experience sufferness...shalom

— Ayantoye Sarafa (@Dare8891) July 15, 2019

#paxfulstory if I won’t lie.... paxful seems like a school to me. I have bore pain and glamour from there. Lost and won dispute. Connected people with great opportunities for me and I have made a lot of money from there too. It’s really a great platform. #paxfulbdaygiveaway

— oyebanji lawrence (@hahrewatemmy) July 15, 2019

This is what speculation that ends “well” produces... imagine being in a room with just one person like this... we must move away from the toxicity of speculation and onto real use cases. https://t.co/xIkyPMZ7uj

— Ray Youssef (@raypaxful) July 16, 2019

Its official. Crypto has gone public. Here Treasury Secretary of the U.S. Steven Mnuchin issuing a statement on Bicoin, Libra and other coins. https://t.co/kQYQlQi7DK

— Grey Jabesi (@greybtc) July 15, 2019

One of the big Paxful success stories out of Nigeria 🇳🇬 Mark is the perfect example of the honor, integrity and legendary hustle of the people of his land. #p2pfinance heroes! https://t.co/XIEY9iNkMY

— Ray Youssef (@raypaxful) July 16, 2019

How to Survive the End of the World Tip #64537: Buy Bitcoin pic.twitter.com/mwBc3DBFXX

— WeTheCryptos (@WeTheCryptos) July 14, 2019

This sounds right up @paxful’s alley. Our biggest corridor is between Nigeria and China ! https://t.co/jaDtNXwwUO

— Ray Youssef (@raypaxful) July 15, 2019

Paxful turns 4 today! Major sub quests achieved and experience points earned! So grateful to be with this team! https://t.co/7O27FZHpAp

— Ray Youssef (@raypaxful) July 15, 2019

It has been the most rewarding and challenging of journeys. We are on the way to building in 5 yrs across 400 payment methods what took WesternUnion 30 yrs to build with just one payment method. I ❤️ it when a plan comes together! https://t.co/Y7oYmqvJW9

— Ray Youssef (@raypaxful) July 15, 2019

Behold this play by play? Bull charge, 🦁 goes low then trusts up and goes for the neck. The lion did a bull move after feinting 🐻 what does this bode for bitcoin? https://t.co/dOvMQc1qxU

— Ray Youssef (@raypaxful) July 12, 2019

Our president brings up good points. pump&dumps that come from thin air have hurt #bitcoin as money, anyone seeking refugee from inflation will say the same. What bitcoin can do that no "money" in the world can is to be the universal clearing layer for everything. #p2pfinance 😇 https://t.co/rrubEsSyhy pic.twitter.com/d5E54I8Epk

— Ray Youssef (@raypaxful) July 12, 2019

... pic.twitter.com/Yob1kcl8ps

— Cloecx (@Cloecx) July 11, 2019

RAY YOUSSEF - CEO and Co-founder of Paxful https://t.co/6HjhfUvOMA @raypaxful is in the trenches.

— Paramendra Kumar Bhagat (@paramendra) July 11, 2019

Read Ray Youssef’s exclusive interview on Blockchain News about how Paxful deals with scammers and its expansion strategies in Africa and Latin America.https://t.co/EgCfdQo6rG

— Paxful (@paxful) July 10, 2019

Africa Is The Next China, And The Blockchain Is How
Blockchain PDFs
A Powerful Interview Of Ray Youssef, Paxful Founder CEO
The Blockchain Rumble
The Blockchain In The News
Paxful: Buy Bitcoins Instantly
Facebook's Blockchain Push: Libra

30-30-30-10: A More Thoughtful And Egalitarian Formula For Equity Distribution In Tech Startups For The Age Of Abundance
The Blockchain: Fundamental Like The Internet
The Blockchain Rumble
The Character Called The Tech Entrepreneur

Ray Youssef Of Paxful Likes My Tweets https://t.co/bWgFDF9Ctg @raypaxful @paxful @skyzer4ever

— Paramendra Kumar Bhagat (@paramendra) July 17, 2019

Africa Is The Next China, And The Blockchain Is How

There is the dour debate (is it even a debate?) around immigration in DC, all the racist rhetoric flying around like bullets in a war zone, and then there is the excitement around the Blockchain. Africa is the next China, and the Blockchain is how.

There is going to be some bad news, some pain. When you make it easy for people to move around money, plenty of scammers are going to jump in. The Blockchain companies do have to try and do the very best job they can in terms of product architecture, policing (at their sites), and educating the general public. The scamming has to be minimized as much as possible. But it will not go down to zero despite the best efforts.

I have been reading up on one particular company these past few days, watching videos on YouTube, particularly of its Founder CEO who, I learned, after 11 failed startups lost his apartment and ended up homeless, but came back to found Paxful, which has seen much success over the past few years.

And today this tweet showed up in my stream. Paxful is celebrating its birthday. Happy birthday, Paxful. 

Simply follow Paxful’s official Twitter account (@paxful), tweet your Paxful Story, and include both hashtags #PaxfulStory and #PaxfulBdayGiveaway.

Read the official rules here: https://t.co/3uIIEY3HUg

— Paxful (@paxful) July 15, 2019

Paxful Turns Four!

30-30-30-10: A More Thoughtful And Egalitarian Formula For Equity Distribution In Tech Startups For The Age Of Abundance
The Blockchain: Fundamental Like The Internet
The Blockchain Rumble
The Character Called The Tech Entrepreneur

Paxful turns 4 today! Major sub quests achieved and experience points earned! So grateful to be with this team! https://t.co/7O27FZHpAp

— Ray Youssef (@raypaxful) July 15, 2019

A Powerful Interview Of Ray Youssef, Paxful Founder CEO

This interview reminds me of the Joe Rogan interview with Elon Musk. And it is not just about the length. It is more about the relaxed pace.

This interview of @raypaxful https://t.co/JW4RYSjr05 reminds me of this interview of @elonmusk https://t.co/yNFfSlfZlf

— Paramendra Kumar Bhagat (@paramendra) July 11, 2019

@ChrisConeyInt A Powerful Interview Of Ray Youssef, Paxful Founder CEO https://t.co/1aBrOli1KK

— Paramendra Kumar Bhagat (@paramendra) July 11, 2019

Paxful: Buy Bitcoins Instantly

Paxful on Twitter, YouTube, Instagram, Facebook







Ray Youssef on Twitter, LinkedIn

Paxful, The White Company partner up to offer crypto debit cards

Paxful and AirTM to enhance trading experience in Africa’s emerging markets

Paxful marches on in its mission to use crypto to serve the unbanked

Paxful CEO Ray Youssef Shows How Bitcoin Can Be Used for Social Good

Paxful and AirTM Partner to Increase Bitcoin Adoption in America

Africa Is "Ahead of Western Countries" Adopting P2P Finance, Says Paxful's CEO

Paxful: Buy Bitcoins Instantly https://t.co/qfA2IpSWve @paxful @raypaxful #bitcoin #blockchain #crypto #cryptocurrency

— Paramendra Kumar Bhagat (@paramendra) June 30, 2019