When we hear about Africa most of us assume about the poverty or unemployment but honestly the kind of natural minerals they reserve they could be one of the richest nation but the problem over there is that neither government nor the citizens get benefited by their natural reserves due to warlords occupying it but do you think if government takes stern step and utilize the resource in the appropriate way and accepts bitcoin as a payment mode for exports then Africa can bloom again and this will help bitcoin if those products can be purchased using bitcoin so it will increase the trade which will benefit them in their GDP and will increase the demand for bitcoin thus triggering the price pump.
Africa still not popular with bitcoin and altcoin investment, less investor come from Africa and little ICO or IEO project build in Africa, we have give education with Africa country what the feature of bitcoin and altcoin become legal investment. How bitcoin price increase if holding for long time than they save money in bank. Promote bitcoin and altcoin is the way how to make crypto become popular in Africa. 
Topic: Africa - Hidden Treasure for the world and bitcoin - page 2. (Read 472 times)
However, bitcoin could play a big part in making african countries thrive if the Africa country government legalize it.
The benefit of Bitcoin is that you don't need permission from your government to use it.
Do you seriously think that governments in African countries will legalize Bitcoin, a powerful tool empowering people to obtain financial freedom? I don't think so. They're rotten from inside and haven't done anything but avoid investing in education, because they wan't people to remain ignorant economically. Ignorance is a powerful weapon that silently does a lot of damage without people even realizing.
People have to do it all by themselves. Governments will not help them improve. We have enough empirical evidence backing that claim up in African countries.
I'm from Africa and you guys have mentioned a lot of aspect with the challenges affect the grow of African nations which are the corrupted leaders purpose to enrich their own pocket rather than push the country forward. However, bitcoin could play a big part in making african countries thrive if the Africa country government legalize it.
When we hear about Africa most of us assume about the poverty or unemployment but honestly the kind of natural minerals they reserve they could be one of the richest nation but the problem over there is that neither government nor the citizens get benefited by their natural reserves due to warlords occupying it but do you think if government takes stern step and utilize the resource in the appropriate way and accepts bitcoin as a payment mode for exports then Africa can bloom again and this will help bitcoin if those products can be purchased using bitcoin so it will increase the trade which will benefit them in their GDP and will increase the demand for bitcoin thus triggering the price pump.
Maybe it will be a big help though. But isn't it Bitcoin market could have a direct effect on their GDP. Besides they have to solve their economic problem first before diving right here in crypto. It might be help on the other hand but they have to be assured first for the basic problem. In addition they aren't totally in a situation wherein they have to depend at somepoint to cryptocurrency it is just they have to get rid of outlanders taking away the benefit of their own. When we hear about Africa most of us assume about the poverty or unemployment but honestly the kind of natural minerals they reserve they could be one of the richest nation but the problem over there is that neither government nor the citizens get benefited by their natural reserves due to warlords occupying it but do you think if government takes stern step and utilize the resource in the appropriate way and accepts bitcoin as a payment mode for exports then Africa can bloom again and this will help bitcoin if those products can be purchased using bitcoin so it will increase the trade which will benefit them in their GDP and will increase the demand for bitcoin thus triggering the price pump.
This can be possible, if and only if we will teach most of the percentage of their population on how to use cryptocurrency, and provide them the necessary gadgets they need to start it. But in my opinion, it will take time, as we need to consider that every vital needs - needs to be settled first before they adopt a technology that can transform the way how they live. We'll take it slowly in a sense that they will not feel the urge that we are forcing them to use crypto. Remember, it is for them in the first place.
Africa is basically a great place, and truly they have lots of resources, but their problem is that they have foolish leaders. So, I won't blame them for facing poverty, because their leaders are the ones killing them, such great nations. If only they can come together and take down those evil leaders they have then they will see their economy booming.
Their leaders are so corrupt, all they are interested in when they are voted is just to be stealing from the country's purse and making themselves and their family rich. They don't build good schools for their people, but they send their children over to EU and US to study in great schools such as Harvard and Yale at the expense of their country, lol
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Since, they value education that much, why don't they build such schools as Harvard in their own countries ? It's so shameful. These people have resources such as crude oil, but they don't build factories to refine them, rather they sell to other countries and buy back at a higher price. To me that's stupidity and the leaders are to be blamed. In this world our leaders are the ones killing us in most cases but we do nothing, sad truth.
Their leaders are so corrupt, all they are interested in when they are voted is just to be stealing from the country's purse and making themselves and their family rich. They don't build good schools for their people, but they send their children over to EU and US to study in great schools such as Harvard and Yale at the expense of their country, lol
.Since, they value education that much, why don't they build such schools as Harvard in their own countries ? It's so shameful. These people have resources such as crude oil, but they don't build factories to refine them, rather they sell to other countries and buy back at a higher price. To me that's stupidity and the leaders are to be blamed. In this world our leaders are the ones killing us in most cases but we do nothing, sad truth.
Leaders in the country are somehow corrupt but this is because its been media manipulated. If EU will just leave them on their own, they will start to develop their practices. No leaders of the country will want their country men to suffer but if all the big guys in the neighborhood wants to hold them by the neck and instead help them, they will grow. The country belongs to the Africans but you can see most of the lands are already bought by the white men.
Africa is basically a great place, and truly they have lots of resources, but their problem is that they have foolish leaders. So, I won't blame them for facing poverty, because their leaders are the ones killing them, such great nations. If only they can come together and take down those evil leaders they have then they will see their economy booming.
Their leaders are so corrupt, all they are interested in when they are voted is just to be stealing from the country's purse and making themselves and their family rich. They don't build good schools for their people, but they send their children over to EU and US to study in great schools such as Harvard and Yale at the expense of their country, lol.
Since, they value education that much, why don't they build such schools as Harvard in their own countries ? It's so shameful. These people have resources such as crude oil, but they don't build factories to refine them, rather they sell to other countries and buy back at a higher price. To me that's stupidity and the leaders are to be blamed. In this world our leaders are the ones killing us in most cases but we do nothing, sad truth.
Their leaders are so corrupt, all they are interested in when they are voted is just to be stealing from the country's purse and making themselves and their family rich. They don't build good schools for their people, but they send their children over to EU and US to study in great schools such as Harvard and Yale at the expense of their country, lol
.Since, they value education that much, why don't they build such schools as Harvard in their own countries ? It's so shameful. These people have resources such as crude oil, but they don't build factories to refine them, rather they sell to other countries and buy back at a higher price. To me that's stupidity and the leaders are to be blamed. In this world our leaders are the ones killing us in most cases but we do nothing, sad truth.
Africa is the worst continent where you can ever think that they will whole heatedly accept bitcoin even if they know that it has economic benefit to them because, Africa has too many corrupt leaders, and I totally agree with you that Africa is very rich, they are rich in everything and it is as if God purposely blessed them with all those riches, but as they say that you cannot have your cake and eat it all.
It seem like Africans are cursed with every bad leaders, because most of their leader looks so corrupt and that is why their economy look like they are not growing, meanwhile they are really growing, but corruption would not allow the leaders to manage the economy well. If you now introduce bitcoin, when they know it will create transparency and allow people they are stealing from to have control of their money, do you think they will allow?
It seem like Africans are cursed with every bad leaders, because most of their leader looks so corrupt and that is why their economy look like they are not growing, meanwhile they are really growing, but corruption would not allow the leaders to manage the economy well. If you now introduce bitcoin, when they know it will create transparency and allow people they are stealing from to have control of their money, do you think they will allow?
The blockchain technology could actually be the most helpful tool for the economic growth of developing countries in Africa but there are still lots of things to consider. They still lack pieces of equipment to pursue crypto adaption. I guess they still have to educate people on how to enrich their natural resources before jumping into digital currency. They still have a lot to improve and discover in their natural treasures so they would have the capability to adapt the latest technology for their country.
No doubt blockchain can bring economic revolution. African countries that actually top the list of corrupted countries, will get rid of this disease by blockchain. It can replace failing institutes, become an alternative source of capital, escape fluctuating currencies (hyperinflation and inflation), used in cross-border payments and many more. Bitcoin must also be used to solve money problems as it works hundred percent. 
When we hear about Africa most of us assume about the poverty or unemployment but honestly the kind of natural minerals they reserve they could be one of the richest nation but the problem over there is that neither government nor the citizens get benefited by their natural reserves due to warlords occupying it but do you think if government takes stern step and utilize the resource in the appropriate way and accepts bitcoin as a payment mode for exports then Africa can bloom again and this will help bitcoin if those products can be purchased using bitcoin so it will increase the trade which will benefit them in their GDP and will increase the demand for bitcoin thus triggering the price pump.
That's true that Africa is one of the most poor country all over the world because the government is controlling the production of goods and natural resources. If the Africans will be able to accept the bitcoin and cryptocurrency then maybe they can be able to increase their economic growth and their country's economy, if they accept it and regulates it they can start a trading and buying or selling goods through the help of bitcoin as their personal currency.
What does Bitcoin have to do with any of it? Do you think if citizens and government would start accepting Bitcoin, then suddenly all the corruption, wars, inequality would go away? Come on, Bitcoin is just a currency, it was created to solve the problem of banks and other middlemen, not make miracles. Even if you argue that Bitcoin adds transparency and thus can help keep the government accountable, it's still not a full solution - most of the time people know precisely about corruption, they just don't have the power to stop it.
When we hear about Africa most of us assume about the poverty or unemployment but honestly the kind of natural minerals they reserve they could be one of the richest nation but the problem over there is that neither government nor the citizens get benefited by their natural reserves due to warlords occupying it but do you think if government takes stern step and utilize the resource in the appropriate way and accepts bitcoin as a payment mode for exports then Africa can bloom again and this will help bitcoin if those products can be purchased using bitcoin so it will increase the trade which will benefit them in their GDP and will increase the demand for bitcoin thus triggering the price pump.
From what I learned about most African nation is that the problem of the unemployment and poverty level there despite their land been rich with mineral resources was bad government cause things there was better when they are still under the British colonialism. I'm saying this cause I don't support the part of you saying neither government benefitted from their natural reserve. But, if their government endorse bitcoin people will be financial free and their country economic will grow which is what happen in Zimbabwe before their government ban crypto and exchange. 
When we hear about Africa most of us assume about the poverty or unemployment but honestly the kind of natural minerals they reserve they could be one of the richest nation but the problem over there is that neither government nor the citizens get benefited by their natural reserves due to warlords occupying it but do you think if government takes stern step and utilize the resource in the appropriate way and accepts bitcoin as a payment mode for exports then Africa can bloom again and this will help bitcoin if those products can be purchased using bitcoin so it will increase the trade which will benefit them in their GDP and will increase the demand for bitcoin thus triggering the price pump.
I sometimes find it really hilarious when people links bitcoin with something that doesn't even go with crypto currencies. Like how actually is it really going to help Africa by using bitcoin? What does bitcoin has to do with Africas natural resources? To increase demand for bitcoin in Africa, they should be able to purchase it. I mean shouldn't they have the money to buy bitcoin? Again, you should know those natural resources are not taken by the government or the warlords, its the leading countries out there that are keeping them suppressed.
The problem of Africa, it is not enough if only discussed, we should massively and for the solidarity of fellow human beings help solutions to the problem of poverty in Africa. Nearly 28 of the poorest countries in the world are in Africa and half of Africa's population lives below the poverty line without access to basic human rights namely food, clean water & housing. If we look at the problem of economic growth barriers in Africa are:
1. Factors of minimal investment figures in Africa, even if there is investment used for the public sector that is not important and inefficient
2. Factors in human resources, education, and health.
3. Military conflict and rebellion
4. Opening and technology education in Africa to open markets
5. Economic stagnation and economic and social inequality.
We can analyze why bitcoin has a place in Africa
- Low confidence in banks in Africa
- The majority of African governments are neutral towards the adoption of cryptocurrency
But whether adopting the cryptocurrency can solve the problem in Africa, I don't think it will look at the inhibiting factors of the African economy above.
1. Factors of minimal investment figures in Africa, even if there is investment used for the public sector that is not important and inefficient
2. Factors in human resources, education, and health.
3. Military conflict and rebellion
4. Opening and technology education in Africa to open markets
5. Economic stagnation and economic and social inequality.
We can analyze why bitcoin has a place in Africa
- Low confidence in banks in Africa
- The majority of African governments are neutral towards the adoption of cryptocurrency
But whether adopting the cryptocurrency can solve the problem in Africa, I don't think it will look at the inhibiting factors of the African economy above.
The blockchain technology could actually be the most helpful tool for the economic growth of developing countries in Africa but there are still lots of things to consider. They still lack pieces of equipment to pursue crypto adaption. I guess they still have to educate people on how to enrich their natural resources before jumping into digital currency. They still have a lot to improve and discover in their natural treasures so they would have the capability to adapt the latest technology for their country.
Educations is the first step in order to enhance their knowledge about what they've really have inside this nation. I can agree to OP that in terms of natural resources they are rich but due to corruptions and those rich people around they are lack in terms of educating their-selves. Before they canjumped to this new system, they need to start from getting good educations and from their they can enrich what they've deserve and not to allow
other people or their leaders to abused them. There's should be equality and give the people what they've really deserves.
The blockchain technology could actually be the most helpful tool for the economic growth of developing countries in Africa but there are still lots of things to consider. They still lack pieces of equipment to pursue crypto adaption. I guess they still have to educate people on how to enrich their natural resources before jumping into digital currency. They still have a lot to improve and discover in their natural treasures so they would have the capability to adapt the latest technology for their country.
I believe you meant Africa as a continent. Africa has about 54 countries. They are developing at their individual rates. They have many of those natural resources which are underused or abused due to corruption. Yet, many people in Africa have little access to basic needs, so Bitcoin is not their immediate problem. There are more pressing problems that Bitcoin.
However, diving into blockchain technology is what I believe can bring great changes to Africa. Many of the countries in Africa are already diving into the Blochchain technology. Although, very slowly, because of less commitment from the government.
For example, in Nigeria, there is the BlockchainNigeria group which brings Blockchain enthusiasts together. They have been engaging with the right institutions on how Blockchain could be leveraged. They even help train Blockchain developers. All these, with less support from the government. If there is much investment on these vibrant Blockchain developers and enthusiasts, things will move.
Nigeria's interest in Bitcoin and Blockchain is probably what led to its recent Fiat listing on Binance.
Africa is filled with dedicated and intelligent people, but with little support.
However, diving into blockchain technology is what I believe can bring great changes to Africa. Many of the countries in Africa are already diving into the Blochchain technology. Although, very slowly, because of less commitment from the government.
For example, in Nigeria, there is the BlockchainNigeria group which brings Blockchain enthusiasts together. They have been engaging with the right institutions on how Blockchain could be leveraged. They even help train Blockchain developers. All these, with less support from the government. If there is much investment on these vibrant Blockchain developers and enthusiasts, things will move.
Nigeria's interest in Bitcoin and Blockchain is probably what led to its recent Fiat listing on Binance.
Africa is filled with dedicated and intelligent people, but with little support.
Residents of Africa have rich reserves of minerals, precious metals. Which in their volumes can not be compared with Yakutia. Their main problem, and maybe dignity, is good for them. Fresh vegetables and fruits all year round, fishing and hunting. If the people were interested in production, they would flourish.
I agree.
With proper teaching on agriculture, Africans could cultivate their vast land and plant fruits, vegetables, and they could also build barns to start livestock. It is the easiest way and old way so they will not need a diploma on this one to make it works, all they need is funds, and of course the support of their Government to make this thing happen.
Iglesia Ni Cristo, a religious group (Church of Christ) make the first move to help Africa, and teaching them, supporting them on eco-farming for them to have a job to sustain their family and self needs.
Article here: https://incmedia.org/families-in-malawi-and-kenya-benefit-from-50000-free-food-parcels-from-the-iglesia-ni-cristo/
I was thinking maybe there could be help from all around the world? Bitcoin world (and crypto in general) could fund billions of dollars for stupid ICO's and that means they can afford couple million dollars for nothing. There could be hundreds of thousands of dollars easily. That is why I think if we could get money from globally then we can help smaller nations and even tribes in Africa.
There are so many nations that if you use like half a million dollars could plant trees and get water sources and basically turn into a greener and more watery place, all the need is actually solvable with money. So long story short, crypto could actually save these nations, all we need is global funding and it is actually easy and quite easy to achieve if we want to.
There are so many nations that if you use like half a million dollars could plant trees and get water sources and basically turn into a greener and more watery place, all the need is actually solvable with money. So long story short, crypto could actually save these nations, all we need is global funding and it is actually easy and quite easy to achieve if we want to.
In my opinion, if directly allow buying something with Bitcoin there will be massive inflation where their currency is not in use and more dominant use of Bitcoin as currency exchange.
Should they adopt a blockchain like China and some countries that have successfully used blockchain in their government? and other cryptocurrencies become investment means that can help unemployment as they are.
Should they adopt a blockchain like China and some countries that have successfully used blockchain in their government? and other cryptocurrencies become investment means that can help unemployment as they are.
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