Bitcoin and Africa - page 4. | Bitcointalksearch.org

loyalsenok2012

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Quote from: darthmaul on April 23, 2017, 10:43:13 AM

I think people in Africa will love the concept of bitcoins. If something new and unknown but trusted and popular is being introduced then it will surely be embraced by population. Africa would embrace it positively because local currency there is cheap and if bitcoin is introduced then people will earn more money. Holding one bitcoin would be like holding a 8 figures of salary in Africa due to it's trade volume in Africa. Believe it or not you can read about it and do some math to know more.

It's hard for me to imagine that in Africa, crypto currencies may soon develop. In many more developed countries, little is known about bitcoin. It seems to me that this country is not ready for bitcoin

darthmaul

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I think people in Africa will love the concept of bitcoins. If something new and unknown but trusted and popular is being introduced then it will surely be embraced by population. Africa would embrace it positively because local currency there is cheap and if bitcoin is introduced then people will earn more money. Holding one bitcoin would be like holding a 8 figures of salary in Africa due to it's trade volume in Africa. Believe it or not you can read about it and do some math to know more.

stompix

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Quote from: JosNekoKopa on April 23, 2017, 09:58:47 AM

For enjoying Bitcoin, you first must have entire infrastructure, electricity, wifi, Internet, computers and others..You cannot expect Africa embrace Bitcoin before facing some other more important problems such as hunger, diseases..
When talking about Africa we must talk about few regions where actuly exist infrastrucure, and what percentage we are talking about, how many people can affort this? Yes they have smart phones and workin for a few dollars a day.
Some Europian countries are shamed with minimal salaries, and human rights, i cannot even imagine how is to live in Africa.

https://harvestchoice.org/labs/readme_poverty

You're actually comparing European countries to Africa?
Human rights?

Oh my god.You must be out of your freaking mind to even say something like that.

Even in the poorest of the poor you don't have 10% of the population at starving rations, you don't have epidemics, you still have a 400 vehicles per thousands inhabitants compared to 30 to 1000.

When was the last time an European country asked for food packages from the UN?

JosNekoKopa

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For enjoying Bitcoin, you first must have entire infrastructure, electricity, wifi, Internet, computers and others..You cannot expect Africa embrace Bitcoin before facing some other more important problems such as hunger, diseases..
When talking about Africa we must talk about few regions where actuly exist infrastrucure, and what percentage we are talking about, how many people can affort this? Yes they have smart phones and workin for a few dollars a day.
Some Europian countries are shamed with minimal salaries, and human rights, i cannot even imagine how is to live in Africa.

https://harvestchoice.org/labs/readme_poverty

CuriousGeorge

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Quote from: raven7886 on April 23, 2017, 04:56:02 AM

Quote from: davis196 on April 23, 2017, 03:37:38 AM

Quote from: vatived22 on April 20, 2017, 10:37:42 AM

Hope this will give me a clear understanding of the direction that Africa should take in embracing Bitcoin. If the answer is positive will inquire about how Africa can adopt cryptocurrency.

If the africans have enough computers and smartphones and are educated enough to write-yes,Africa can embrace bitcoin.I think that the African countries don`t produce enough electricity for their population despite all their resources.There is a lot of potential.

Do you think computers/smart phone and knowledge about bitcoin/Internet will be that much challenging things to reach Africa ? I do not think so. Technological advancements will reach every part of this world over time and Africa will be adopting bitcoin in upcoming future. Compared to the rest of world, some parts of Africa might be adopting bitcoin in slower pace but they will do it definitely.

The human will prefer comfort zone all the times. In this highly communication developed era can expect any part of this world will be coming forward, competitive in any technical field. So, Africa cannot be an exception because finding comfort is basic human nature.

we're not finding comfort, you're talking shit without knowing the circumstance there, you maybe don't even know what you're talking, without resources such as computers and internet connection there's no way they could access bitcoin
technology advancements will reach part of africa but really slow, the tribes there barely know what is electrity, if you don't agree, prove your statement

raven7886

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Quote from: davis196 on April 23, 2017, 03:37:38 AM

Quote from: vatived22 on April 20, 2017, 10:37:42 AM

Hope this will give me a clear understanding of the direction that Africa should take in embracing Bitcoin. If the answer is positive will inquire about how Africa can adopt cryptocurrency.

If the africans have enough computers and smartphones and are educated enough to write-yes,Africa can embrace bitcoin.I think that the African countries don`t produce enough electricity for their population despite all their resources.There is a lot of potential.

Do you think computers/smart phone and knowledge about bitcoin/Internet will be that much challenging things to reach Africa ? I do not think so. Technological advancements will reach every part of this world over time and Africa will be adopting bitcoin in upcoming future. Compared to the rest of world, some parts of Africa might be adopting bitcoin in slower pace but they will do it definitely.

The human will prefer comfort zone all the times. In this highly communication developed era can expect any part of this world will be coming forward, competitive in any technical field. So, Africa cannot be an exception because finding comfort is basic human nature.

freedomno1

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Quote from: stompix on April 20, 2017, 10:40:31 AM

Read this about dreams going the wrong way:
https://blog.stakeventures.com/articles/what-actually-happened-at-kipochi

I haven't kept track of Kipochi in sometime nice find thanks for that it seems the corruption is still there.
On the other hand mobile banking and Bitcoin are a good fit the challenge will be in maintaining good banking relations as even now exchanges are having problems with them.
Or Bitcoin Bank funded by Bitcoin Venture Capitalists could happen we have enough Billionaires in the sphere someone could just up and run a fiat bank sometime if the main banks keep forcing vendors to reject Bitcoin businesses.
The challenge may be having timely nodes in that area.
https://motherboard.vice.com/en_us/article/meet-the-man-running-the-only-bitcoin-node-in-west-africa

That said Unocoin is trying India so it could be a similar model that could be tested by someone in Africa
http://www.livebitcoinnews.com/unocoin-customer-base-doubles-200000-past-six-months/

davis196

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Quote from: vatived22 on April 20, 2017, 10:37:42 AM

Hope this will give me a clear understanding of the direction that Africa should take in embracing Bitcoin. If the answer is positive will inquire about how Africa can adopt cryptocurrency.

If the africans have enough computers and smartphones and are educated enough to write-yes,Africa can embrace bitcoin.I think that the African countries don`t produce enough electricity for their population despite all their resources.There is a lot of potential.

gabmen

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Quote from: vatived22 on April 20, 2017, 10:37:42 AM

Hope this will give me a clear understanding of the direction that Africa should take in embracing Bitcoin. If the answer is positive will inquire about how Africa can adopt cryptocurrency.

This is why i think butcoin will have a hard time becoming at par with the fiat currency. Some countries in africa don't even have computer access much less internet connection, which is the main requirement for btc or cryptocurrency usage.

JeffBrad12

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Quote from: Fireblade on April 22, 2017, 07:22:10 PM

Quote from: TIDOVEE on April 22, 2017, 03:35:03 PM

Africans are using bit coin now, infact it is really solving the pressure of high rate of unemployment existing in many african countries.but i dont what the governments response will be.

not only inn africa but in so many other coutries bitcoin is solving the problem of unemplyment, as bitcoin is giving opportunites to peoplee to invest a very little amount of their assets and get a good profit.

But it will not good as your main job, Basically all of the things and especially about the job on the crypto world is a side job. So, We must think if that the job can be running just in a short time.
As long as the bitcoin still new in the world. And there will be more spot to take an opportunity from the era of cryptocurrencies.
Bitcoin is not solving the problem of unemployment, but it gives an opportunity for everyone to get a side job and small bucks to fill his wallet.

Fireblade

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Quote from: TIDOVEE on April 22, 2017, 03:35:03 PM

Africans are using bit coin now, infact it is really solving the pressure of high rate of unemployment existing in many african countries.but i dont what the governments response will be.

not only inn Africa but in so many other countries bitcoin is solving the problem of unemployment, as bitcoin is giving opportunities to people to invest a very little amount of their assets and get a good profit. even those people who do not have any investment, they can still make good profit by joining a signature campaign, i think such people can earn at least their pocket money from signature campaign. i

batang_bitcoin

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Quote from: TIDOVEE on April 22, 2017, 03:35:03 PM

Africans are using bit coin now, infact it is really solving the pressure of high rate of unemployment existing in many african countries.but i dont what the governments response will be.

This is what I believe too. And recently, I have read an article about on how Africa will be accepting and adopting bitcoin and if that happens they will be one of the biggest contributors in the market of bitcoin. I know the population there is big and once people started to work with bitcoin there, they will be getting volume of transactions.

Baofeng

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I say probably. We still don't have a clear picture on what influence bitcoin is really in African Continent. Maybe few countries there are using bitcoin now, but we still don't know. Africa has been struggling economically in the last decade or so, I can't say if they are ready for bitcoin. Maybe we need to wait for a more years to really say that they have accepted bitcoin or not.

MMA

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Quote from: Supercrypt on April 22, 2017, 03:07:53 PM

Quote from: ivanpoldark on April 22, 2017, 10:23:32 AM

I think Bitcoin and other crypto currencies won`t be very popular in Africa, because of the poverty of local population. Except the South Africa people are engaged in getting everyday food, but not converting their real money to crypto.

Not impossible for ever, it may take some time but it will happen one day. The decentralized currency will help people to store their hard work securely unlike how they struggling with their inflated local currencies.

to me i will like to say that bitcoin will surely be popular in africa also. to me i think bitcoin is already available in all over the world. i do not think that there will be a single country where the users of bitcoin will not be available. i the only need is to increase the users of bitcoin, because the number of bitcoin users are still very low, and they need proper education about bitcoin so as to start using bitcoin.

TIDOVEE

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Africans are using bit coin now, infact it is really solving the pressure of high rate of unemployment existing in many african countries.but i dont what the governments response will be.

Supercrypt

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Quote from: ivanpoldark on April 22, 2017, 10:23:32 AM

I think Bitcoin and other crypto currencies won`t be very popular in Africa, because of the poverty of local population. Except the South Africa people are engaged in getting everyday food, but not converting their real money to crypto.

Not impossible for ever, it may take some time but it will happen one day. The decentralized currency will help people to store their hard work securely unlike how they struggling with their inflated local currencies.

So, we can expect Africa is coming out of using their local fiats and adopting bitcoins for the reason of how some countries like Zimbabwe are already suffering due to their corrupted leaders/politicians. When they will be using bitcoins, they can simply bypass their countries economic situations to get their wealth stable all the times.

wicaksono

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Whatever it is if for the sake of bitcoin development I will agree, not only in Africa but in europe, asia, america, australia and even the whole world i will be very happy.

Just how to make the structure and facilities for bitcoin to grow.

CraigWrightBTC

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Quote from: joeydangerous on April 20, 2017, 12:51:03 PM

The people in Africa have smartphones and they could use that technology to use Bitcoin.

Yes you are right, so they can use their smartphone devices to access bitcoin on their hand,
it is more simple, easy than use computers or laptop to use bitcoin,
and many website (services,exchangers,) relate bitcoin that support for smartphone devices
so bitcoin can be used on smartphone.

ivanpoldark

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I think Bitcoin and other crypto currencies won`t be very popular in Africa, because of the poverty of local population. Except the South Africa people are engaged in getting everyday food, but not converting their real money to crypto.

n2004al

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Quote from: vatived22 on April 20, 2017, 10:37:42 AM

Hope this will give me a clear understanding of the direction that Africa should take in embracing Bitcoin. If the answer is positive will inquire about how Africa can adopt cryptocurrency.

Hello friend! I think you are a little late. I have African friends (from Kenya) who not only know bitcoin since months but even hold or use it for several reasons. I don't know if you are African and if yes from which country but your data about this matter are a little old.
Maybe in Africa bitcoin have not the spread that it have in several European countries or USA but to pretend that is not known seems a little not realistic for me.

Topic: Bitcoin and Africa - page 4. (Read 3745 times)