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Topic: Africa needs bitcoin, not a charity - page 2. (Read 940 times)

sr. member
Activity: 1246
Merit: 255
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August 16, 2019, 06:29:56 PM
#88
Exactly. That's the point. Africa need not only bitcoin but  our political leaders who are corrupt and old and still ruling. It sometimes so sad that we have all these people on our continent.
A political change is a must, because in recent days people were controlled by them. Earlier the people's revolution that takes place often kept the politicians under fear and that led to change. Now there is no such revolution and if something is initiated within hours the people associated with the same will be behind the bars.

If I'm not wrong Africa is the wealthiest continent with the availability of rare metals like gold. Later little by little got evaded and the corrupt politicians almost sold the country for corporates which is the reason for bad economic development. Bitcoin doesn't gonna change anything, first of all education must be given to everyone for change.
full member
Activity: 616
Merit: 105
August 16, 2019, 04:14:52 PM
#87
both are equally needed
because not everyone in africa knows bitcoin and there are still many who have not been educated, it is also difficult in permission and who wants to accommodate the bitcoin to be shared whether it is trusted or not, different from charity that has permission and many places and if it is thought better charity rather than bitcoin seen from the amount and price, for example bitcoin whose random random rise and fall
whereas many charities can be in the form of money can also be in the form of objects and benefits can be used by all people in Africa
jr. member
Activity: 266
Merit: 4
August 16, 2019, 01:13:14 PM
#86
The rate of unemployed youths in Africa is one of the biggest challenge facing Africa countries. The youths are leaders of tomorrow but still yet the old men are still ruling them. What Africa needs is not only bitcoin but coup that will wipe out those bad leaders blocking their breakthrough out of poverty
full member
Activity: 854
Merit: 108
June 26, 2019, 12:32:52 AM
#85
Its sounds like don't give them a fish but teach them how to fish but this will depend upon their government on how they will expose their people to Crypto currency which is majority of their people are belong to the poor level with mostly are poor in enducation too. Education is vital on how Bitcoin will work so hopefully their government will find ways to orient their people regarding Bitcoin existence.
full member
Activity: 2520
Merit: 214
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June 26, 2019, 12:12:36 AM
#84
I think a possibility of crypto would ease the life of many africans, this privelege would give a great benefit for them, not talking about the development


The article: https://www.cio.co.ke/africa-needs-bitcoin-not-charity/
This has been proven mate,like Venezuela who depend their country’s economy to cryptocurrency.i believe that Africa which having very difficult living as of now will benefits big if they will embrace the technology behind this virtual currencies most specially bitcoin that has been here more than 10years today and brings fortune to many people (though misfortune to others as well)
legendary
Activity: 3346
Merit: 1352
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June 25, 2019, 11:53:06 PM
#83
What africa needs is strong national development not bitcoin

Oh really? So as per your opinion, how they are going to achieve this development without new and innovative technologies such as Bitcoin? The problem with Africa is that although they are blessed with huge amounts of natural resources, they never get the benefits from it. They export these raw materials to developed nations and then import the expensive finished goods by spending whatever Forex reserves they have. And that is the problem when they don't want to adopt new technology.
sr. member
Activity: 819
Merit: 251
June 25, 2019, 08:49:23 PM
#82
Africa is a country that doesn't want technology but do want development. Ironic right? Yes. They are not knowledgeable when it comes in technology especially in cryptocurrency. I do believe in just a matter of time they will adopt crypto and it can be the answer to their problem. Not sure but there is a big chance.
I just hope they will accept and understand cryptocurrency and what it can do to help them in the future  Smiley
There's always hope in cryptocurrency.
sr. member
Activity: 980
Merit: 261
June 25, 2019, 08:30:10 PM
#81
I think a possibility of crypto would ease the life of many africans, this privelege would give a great benefit for them, not talking about the development


The article: https://www.cio.co.ke/africa-needs-bitcoin-not-charity/

They should not jump into that process because they need education first,almost 60% of their teens aging 15-17 years old are out of school meaning they should focus on the things that make their people knowledgeable before they enter this industry. Molding peoples knowledge is more important than teaching them this industry without gaining basic education because they will be able to learn it once they are educated enough.
sr. member
Activity: 2590
Merit: 322
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June 25, 2019, 07:48:17 PM
#80
how would it help alleviate financial problems in Africa when most of them really don't understand it. Don't get me wrong but many African countries are already labelling cryptocurrencies as scams so how on earth would it help them. You tell me.

Yes they labelled cryptocurrency as scam becasue they never understand the terms been use in cryptocurrency. Education is the problem of the Africans and when they overcome illiteracy then they can believe the world of cryptocurrency and move toward it adoption. Also, remember that in Africa, we have population that the world need and also, the world of cryptocurrency.
In addition to the fact that some Africans labelled bitcoin as a scam is that having experienced the fraud perpetuated by the moribund MMM ponzi scheme that resulted to many of them losing a lot of money to that fraudulent schemes hence some of them had become caution on any thing that is  online thus it requires a lot of efforts and public enlightenment to remove such a negative perceptions about bitcoin and bring some trust, however with time more Africans will see why bitcoin is a better alternative to the so called centralized system of banking.
member
Activity: 71
Merit: 11
June 25, 2019, 01:13:50 PM
#79
What africa needs is strong national development not bitcoin
legendary
Activity: 2898
Merit: 1006
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June 25, 2019, 08:29:29 AM
#78
Africa were dominated by poor countries even maybe some of citizen at there does not understand how to use PC or internet which is these two are important to access and use bitcoin so overall the facilities to involved to crypto world still less and i think these are the main factor why most of african still not too understand what is cryptocurrencies however might be the charity to build internet infrastructure would be so helpful because people at there can use internet and learn about crypto technologies
sr. member
Activity: 2366
Merit: 448
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June 25, 2019, 05:58:13 AM
#77
Africa is one country that is left behind and there are still many shortcomings that must be developed, especially in the very weak mindset of education, internet facilities and technological tools that must be used and many others to be able to use bitcoin.
for now charity is the best choice to facilitate and provide it for daily needs and other needs that are very useful for them.
hero member
Activity: 983
Merit: 502
June 25, 2019, 05:49:29 AM
#76
The question is whether the African countries want to change to improve the country's economy, of course this must be questioned. because the conflict country is very difficult to reduce and the amount of corruption that makes the African countries left behind by other countries, and lack of access makes their people only focus on civil war and the ease of illegal weapons can enter the country, of course there must be a change in the government system they manage so far, if the system of government is not changed then it is very difficult for the people to use bitcoin to help the economy of their people ...
legendary
Activity: 2968
Merit: 3684
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June 25, 2019, 04:01:06 AM
#75
Didn't even click the link. I'm all for Bitcoin, and that goes without saying for the majority of people on this forum but really, as Omega and others point out, Bitcoin is very low on the priority for most Africans outside the most developed areas.

Looking at some of the most basic human development indicators... health, education especially come to mind. What's the use of Bitcoin when large swathes of people still can't read, still can't find clean drinking water? Still can't even sleep without worrying about their safety? How's money going to help ease those pains?

I really think a lot of people in crypto still refuse to think outside of the first world.
legendary
Activity: 3024
Merit: 2148
June 25, 2019, 03:24:30 AM
#74
Charities and Bitcoin don't contradict each other, so I don't get how can anyone say that Africa needs Bitcoin instead of them. Charities have already saved millions of people through vaccinations, accessible medications, water and food supplies, they helped with education, infrastructure and other important spheres.

Meanwhile the benefits of Bitcoin for economy remain theoretical, and Bitcoin itself is still experimental (it's not just my words. check out bitcoin.org) - it's impact on nations can't even be compared with charities. So, in reality, Africa needs both, and Africa needs many more things, like civil society, foreign investments, democratic institutions and so on.
sr. member
Activity: 2422
Merit: 357
June 25, 2019, 03:12:39 AM
#73
This would simply imply the saying "You give a poor man a fish and you feed him for a day. You teach him to fish and you give him an occupation that will feed him for a lifetime". It is better to see it this way but they need some assistance at first to make it possible. I believe all countries needs cryptocurrency especially to those third world but it would need some assistance to the neighboring countries to properly initiate it.
hero member
Activity: 2110
Merit: 502
June 25, 2019, 02:52:48 AM
#72
Of course it is very difficult if the country does not have access to their citizens using bitcoin, and again with the existence of civil war in their country which makes it difficult for African countries to grow, maybe there should be countries that can help their economic growth, in order to improve the existing government system at this time, because of the many tragedies of the civil war that took place there made their economies worse off and again access to using bicoin was very difficult, so that's why the African country has lagged far behind other countries ...
member
Activity: 616
Merit: 12
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June 25, 2019, 02:33:45 AM
#71
As long as the government is still busy dealing with things such as corruption and civil war in the country, I think these two things will be in vain. Even the infrastructure needed for them is still less than expected. Africa needs something that builds the country, schools and also decisive acts of conflict that often occur there.
Infrastructure like agriculture I think is a vital thing needed to support Africa.

Im sure it will go for nothing if bitcoin distributed to them.
hv_
legendary
Activity: 2534
Merit: 1055
Clean Code and Scale
June 25, 2019, 12:37:42 AM
#70
Centbee ?
sr. member
Activity: 476
Merit: 250
June 24, 2019, 09:45:09 AM
#69
It really depends to which part you're referring to. If we take North African countries such as Algeria, Morocco, Tunisia, etc. then bitcoin is already being widely used and also definitely needed.

If you are talking about some parts of Africa where people don't even know how to eat, I'm sorry to say, but personally, I wouldn't be interested in hearing about BTC. You should know that these people are not educated, and even though it's easy to say that the price will skyrocket, etc. they simply can't afford the risk and the price's volatility.

I second OmegaStarScream. I am from Africa, from  Mozambique to be exact, and, althought, I have some knowlege about BTC because I have access to internet, international news and all, I know that many places in my country have still no internet access, or worst, they dont have access to clean water nor electricity. In their shoes, I wouldnt care about not knowing about BTC, because it is something that  they wouldnt even think before have sanitary and hygiene needs cleared first.
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