Africa needs bitcoin, not a charity - page 3.

Reatim

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Quote from: kreatge on June 19, 2019, 01:52:01 AM

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/

indeed mate as bitcoin and also legitimate altcoins can help every community in their economy and brings another area of profiteering to that said country,africa is a large continent that need a back up support to grow economically with prosperity .i believe that if the whole african countries turns positive into crypto that chance of growth will be on our side as crypto community

Vishnu.Reang

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Quote from: miropp on June 23, 2019, 03:56:58 PM

The government is very often quite stupid or simply does not want to take care of its citizens. They do not understand that bitcoin can be a salvation for many and this chance should be used.

Most of the African governments are highly corrupt and it is not very unusual to find countries where more than 90% of the tax revenue vanishes in to the black hole every year. For setting up a business, or for getting a certificate from the government, you need to pay a bribe. Bribing has become a part of the life in many countries. And unfortunately, Bitcoin is not a solution to this.

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Quote from: kreatge on June 19, 2019, 01:52:01 AM

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/

Yeah, it's easy to say they need Bitcoin but you should consider there means to access the latest technology specially in cryptocurrency. Most of the people in Africa are natives that has limited to none in terms of accessing in the internet so it would be hard for them to learn how cryptocurrency and Bitcoin works.

Pixyoxx

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Africa needs Bitcoins? Yes
Right now? Not really.
Africa has mostly developing or underdeveloped nations.
I have many African friends who use btc as a source of investments but the basic requirements in Africa is not BTC right now. In Africa, internet is quite expensive and not every household is equipped by encrypted smartphones because they have either a collapsed or very low economy.
First thing to do in Africa is providing the people a structural framework and environment where they can actually access and use Bitcoins, providing them the fundamental things first.

Caladonian

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Quote from: kaya11 on June 23, 2019, 11:39:41 PM

Quote from: Greyfuel on June 19, 2019, 02:37:31 AM

but Africans seem just interested by BTC, few of them use the BTC!

https://news.bitcoin.com/why-africa-continues-to-lag-behind-in-cryptocurrency-adoption/

In fact there are some Africans that have produced some ICO when, I was one of their marketing personnel and too bad they did not even make it to what we expected. They have funds and I don't know where did that came from. Maybe they were just rich people who wants to create more richest in terms of making their own coin project. Africans are somewhat open to this kind of revolution, in terms of currency and the sorts of.

Open minded people who will learned deeper about this industry will be attached and more interested on how to bring more success inside this market, africans also have the same chances as this industry is open for those who have a good access online, maybe some part won't be able to ride with this
emerging system but from those where innovations also taking place it's very possible to work this out.

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Quote from: Greyfuel on June 19, 2019, 02:37:31 AM

but Africans seem just interested by BTC, few of them use the BTC!

https://news.bitcoin.com/why-africa-continues-to-lag-behind-in-cryptocurrency-adoption/

In fact there are some Africans that have produced some ICO when, I was one of their marketing personnel and too bad they did not even make it to what we expected. They have funds and I don't know where did that came from. Maybe they were just rich people who wants to create more richest in terms of making their own coin project. Africans are somewhat open to this kind of revolution, in terms of currency and the sorts of.

RomanPetrush

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Charity for africa is the most important, because new world order destroied the africa completely, very bad right now africa..

BitHodler

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Quote from: miropp on June 23, 2019, 03:56:58 PM

The government is very often quite stupid or simply does not want to take care of its citizens. They do not understand that bitcoin can be a salvation for many and this chance should be used.

I'm sure they do understand how powerful Bitcoin is, but specifically for that reason don't want people to adopt it. In most African countries the government is suppressing its citizens by keeping them poor and illiterate.

The less financial means and freedom they have, the easier it is for the government to exersize control over them. It's that simple. If the leaders there ever wanted their citizens to prosper, we would have seen it happen decades ago.

I'm glad to see that Bitcoin is gaining more traction in local markets. It's about time for people there to start taking the needed measures to stop being a slave of their government.

Waiting for governments to change is an utter waste of time.

Slow death

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Quote from: Suslura on June 23, 2019, 02:36:46 PM

most people in African countries have and don’t even know how to use touchscreen smartphones...

this is wrong, not most people, is a small group of people, the problem that has in Africa is the broadband internet is not accessible to many people because the price is very expensive, people have their internet on cell phones, which is why most Africans enter facebook, whatsapp and instagram and other social networks.

Quote from: Nhebu on June 19, 2019, 06:56:15 PM

In Africa, most entrepreneurs do not have access to formal banks and venture capital in the first place...

the banks demand guarantees, if you do not go to pawn something the bank will not give you loan

miropp

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The government is very often quite stupid or simply does not want to take care of its citizens. They do not understand that bitcoin can be a salvation for many and this chance should be used.

superscommessebitcoin

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I also believe that bitcoin would help them cope with poverty. Unfortunately, many countries see only the negative side of it and dont want to see its prospects and its usefulness. That's the whole problem.

fiulpro

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I think it's not just Africa but most of the countries.

We have seen Bitcoin helping out people to get enough money to run against the oppressive government.

We have also seen it providing jobs for the people online who actually doesn't have any more scope of doing something that might give them enough money .

It is providing online jobs plus making public more tech savvy .

It can actually improve the education system in a way , since people would want to invest in it they will know more about technology and this could help them getting more into technology.

Suslura

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First of all, we need to talk about the level of education of African people. And even then it will be possible to talk about high technologies on this Continent. most people in African countries have and don’t even know how to use touchscreen smartphones, but they have never heard of cryptocurrency at all. Of course, this does not apply to all Africans.

palle11

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Quote from: kreatge on June 19, 2019, 01:52:01 AM

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

This is a matter of taking the horse to where to drink and leaving it to decide to drink or not. Crypto is available for all people that is interested.

Quote from: Greyfuel on June 19, 2019, 02:37:31 AM

but Africans seem just interested by BTC, few of them use the BTC!

The adoption rate is slower in countries that are not technologically developed, that is the thing happening

Rinso

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in this day we still can see alot africans dont know what is technology and how to use it. and now some one thinking africa need bitcoin ?? come one bro...

seramania

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Quote from: Indrawan77 on June 19, 2019, 07:22:36 PM

Yeah bitcoin could save the underdeveloped countries in Africa but the problem lies in the infrastructure, in the very poor region some of them are illiterate and doesn't got any access to Internet, so they can't rely on bitcoin to save their life, but I agree that charity is not the solution, they need something that they can rely on for long term

sometimes internet access is a barrier to technology entering a country, as in Africa there are many stories if the country is still having difficulty accessing the internet. in fact africa requires bitcoin but if all the infrastructure has been fulfilled I think bitcoin can enter Africa very well.

HELLOFF

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How can Bitcoin help Africa? Why everyone thinks this way and I don’t know exactly what the way out is needed. In order to equip a farm for mining, we need very large contributions, because there will be problems with cooling, Although it is possible to build good solar power plants. But this is not a panacea.

Raidal

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In my opinion, bitcoin is indeed proven to change the economic situation for the better. I am sure that if later Africa cooperates and gives legal status to Bitcoin, Africa can easily experience an increase in economic conditions. If bitcoin can be accepted and used in Africa with clear permission, it is easier for bitcoin to implement all its convenience programs. This will make Africa more advanced and can compete with other countries in the world.

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Quote from: franky1 on June 19, 2019, 03:59:25 AM

angola's minimum wage $60 a month (/4/40=$0.375 an hour)
kenya minimum wage $130 a month (/4/40=$0.81 an hour)
nigeria minimum wage $80 a month (/4/40=$0.50 an hour)
mozambique minimum wage $50 a month (/4/40=$0.31 an hour)

bitcoins tx fee just to move funds costs ~20minutes to 1 hours minimum wage.
many africans learn about bitcoin. find out it isnt suitable and just use it as a gateway into altcoins which are cheaper and more suitable to transact with.

OnChain scaling BitCoin solves the issue.

Moiyah

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Quote from: OmegaStarScream on June 19, 2019, 03:26:21 AM

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.

Not well educated and the technology isn't available in their areas. Somehow I understand why bitcoin is really hard to adopt. There are certain areas wherein the development of technology and educations is low. Internet access is hardly to reach and is unavailable. For some, they do not even know how internet works. Though I am still hopeful that btc will be the solution for Africa's economic problem.

Topic: Africa needs bitcoin, not a charity - page 3. (Read 933 times)