Nurdthug News: Hurricane Harvey - Bitcoin's 1st Humanitarian Test
Hurricane Harvey's Monstrous Monetary Toll
For six straight days, possibly the most intense sea storm to ever strike US soil has rocked Greater Houston.
FEMA chief Brock Long has just called Harvey "the worst calamity in Texas history:" a noteworthy 15 trillion gallons of water have fallen - more than most states get in a whole year. Sixteen individuals have lost their lives, and hundreds more are absent.
What's more, in the end, Harvey could wind up being one of the priciest catastrophes in American history.
Harm and lost efficiency
It takes a long time for financial specialists to precisely quantify the effect of a storm, yet early assessments run between $40B to $50B.
About $10B of that records for lost open door costs (individuals not working, items and property not being sold), and the rest of an endeavor to put a figure on the gigantic property loss that has been caused.
A financial center
The Gulf Coast of Texas is one of America's greatest financial centers and creates a yearly $600B in movement, extending crosswise over oil producing and mechanical materials.
No less than 10 oil refineries representing around 12% of America's gas - including the nation's biggest, Port Arthur - have been briefly covered in the district. Therefore, gas costs are up 4 pennies.
Obviously, now, financial matters are of little concern: endeavors are completely engaged - as they ought to be - on protecting those stranded from the water.
All that being said, how can Bitcoin potentially factor into this? Well, one radio host has already mustered up 50,000 in BTC & Dash.
How to Donate Bitcoin for Harvey Relief
The Hustle
~Rowland Akinduro
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