Topic: A Disadvantage of Bitcoin Talk Forum and Crypto with the Cost of Smart Phone - page 2. (Read 249 times)

There is no doubt that not everyone is given the same opportunity in life, and that in many poor countries people do not have access to technology that is taken for granted in developed countries. This is indeed a factor that prevents many from becoming part of the digital age, and thus from investing in something like Bitcoin, which for many has proven to be a major turning point in life.

I found one site that should be from Nigeria, and as far as I can see an average smartphone with 4GB of RAM, a solid battery, and 64GB of storage costs around $130. Is it something that the average young man who is employed can afford?

@Agbe, which smartphone are you currently using?

That is CBN rate, it is USD to naira in parallel market is around $570 to $580which is the rate people are using for the conversion.

Most Nigerians are living below the poverty line but there are many Nigerians that are holding and trading cryptocurrencies. Nigeria is the sixth on the list of last year Chainanalysis report about crypto adoption. Although, PPP was used instead of norminal in the methodology.


Chainanalysis
https://www.goodreturns.in/news/global-cryptocurrency-adoption-is-skyrocketing-india-stands-second-1222291.html

So far it is basically about Nigeria, you can post it on Nigeria local thread next time if you have topics of this type, Nigerians that are active on the thread can provide better view about what is really happening in Nigeria and their community regarding cryptocurrencies.

Might as well complain about disadvantage of using Cellar Mobile Network because of lack of access to a mobile phone or disadvantage of using a highway because you can't afford a car

I am not trying to be insensitive, but you should realize not all humans will own smartphone or laptops at ago. While you complain about you or your community not owning smartphones to access bitcointalk. Someone out there is wishing they could at least have a single meal in the past two days.

That is what we call life.

The average citizen of the developing nations (Nigeria) do not earn a dollar a day. That is #₦416. 67 = $ 1 rate in 2022.

https://www.google.com/amp/s/www.naijanews.com/2022/03/02/dollar-to-naira-exchange-rate-today-2-march-2022/%3famp=1

The average person in Nigeria lives below a dollar a day.

https://www.google.com/amp/s/nairametrics.com/2020/06/01/the-empirical-truth-about-an-average-nigerians-price-point/%3famp=1

Since the average citizens of the developing nations (Nigeria) are not living with a dollar a day, then they can't afford Smart Phone which is very costly and also uses to access or trade crypto currency.

And Bitcoin talk Forum and crypto trading needs a smartphone, laptop or desktop.

Using myself as an example, in my early days with crypto and Bitcoin talk, I used a smaller phone after registration, having just a gig ram and limited rom for memory, it wasn't sufficient to navigate the net. So I faced a lot of challenges. At some point, I have to borrow a friend's phone just to meet up on certain ends and that's very disturbing. I imagine a lot of other citizens facing similar difficulty/challenge.

In the Christmas holiday when I went on a visit to some of my friends and family members in an interior rural settlement, and it was my early days in the forum for sure, and I had a growing zeal for the forum. While I was there, I faced a major network challenge which resulted in my borrowing of a friend's device just to access and got updates in the forum with a Tecno T301 phone and it doesn't even display article in full to make a good read, not to even mention of login which is practically impossible.

 In other words, it is not all the people that have the strive on crypto currency that can access it. Therefore, smart or suffisticated devices becomes their weakness or limitation to any practical participation.