Topic: Bitcoin is gaining momentum in Africa - page 8. (Read 2367 times)

Africa was adopting crypto currencies due to the value of their fiat, sometime they have to exchange their fiat to USD to buy or to do transactions. But with the help of these digital currency, they can do transaction without hassle and much faster ways.

Glad to hear that African countries are involved in the Bitcoin industry,
Bitcoin as Cryptocurrency has wide coverage in African countries.
and I hope your country can 100% support Bitcoin for more success in the future.


Bitcoin related activities will help generate jobs in these countries. If this basic infrastructure is restored, this currency can help improve the economic status of these countries

This is a fairly new market that I do not know yet. Bitcoin trading will become the world's trading trend so it will surely be more popular in all continents around the world.

great news, bitcoin will conquer the world. It is not a currency by a central governments, so they can not print as they want.

Inflation in Africa is very serious, bitcoin has become one of the means of hedging.
 

What is Bitkoin.Africa? Who did release it? Does it list in the exchanges? How much is it?

good to hear that your country got involve in bitcoin, I think your country can produce a big demand in bitcoin IF all your regions in your country has a internet connection to be involve in bitcoin too. And as a Nigerian supported bitcoin and educated your country for it, I think beware on someone Nigerian who want to make a scam on your country, some of Nigerian are famous as a scammer but I don't think if they can if the transaction is P2P. and hoping that your country can 100% bitcoin supporters for more success in the future.

that was simplistic, LOL, but accurate. it wasnt so much that Africa is reluctant about bitcoin, no more so than any other country (in fact they would most likely be the most receptive to cryptos, given the state of the governments. it is more that they already had perfectly good system in place that had became popular, the m pesa. Pretty low fees, good as cash and more popular than fiat in some places.  and this is some of the reason bitcoin hasnt caught on like it should; m pesa and related industries have been lobbying and legislating against it, to ensure they retain the same market share 

Very true. Initially people had a negative feeling about it but now so many people in Africa has accepted bitcoin and investing in it.

Bitcoin as a cryptocurrency have wide scope in African countries. Due to long lasting civil wars their economies are devastated.Developing economies are allowing trading in bitcoins. In South Africa, cryptocurrencies are becoming particularly popular. BitPesa, Bitfinance are gaining some popularity. In Nigeria, Zimbabwe local traders and activists believe this new money as better alternative for their collapsed economy. But remote areas have problems like connectivity, electricity etc. Bitcoin related activities will help to generate jobs in these countries. If these basic infrastructure get restored these currencies can help to improve economic status of these countries.

There's just an abundance of potential and resource there for Africa to sprout up and take help lead a wave technological change in the world. I see them adopt Bitcoin soon and also innovating and creating and tapping into their vast renewable energy resources too.

Thats the reason why africa could play a big part in Bitcoin it's not a very well developed country and many people are always looking to make money to get by and I think Bitcoin can provide that.

It is good for their country that these kinds of developments are at the forefront of their modern technology, that they should secure and protect this kind of development and drive the bad deeds for their country.

I know that due to economic situation and lack of power supply in Nigeria. It is difficulty to really to succeed in anything. And most time is just a mind set of making quick money. I know that there are a lot of cryptocurrency investors in Nigeria.

No. Wrong.

There is not more and more countries accepting it.

There are more and more governments rejecting it.

But there are many many peoples of the world in almost all the countries still seeking it, buying and investing in it despite everything.

The fiat currency global system is a debt-based conflict-funding system that wants to keep its monopoly (by the central banks).

Central banks controls the governments in each country.

Central banks control and have a MONOPOLY on credit/currency issuance in each country.

Additionally Central banks control the media in every region. Thus will TRY to influence opinion on things like bitcoin.

They will not allow competition and they've even banned bitcoin worldwide since 2013 training tellers to block/stop transactions if "bitcoin" is mentioned.

Four full years and the powerful central banks have been rendered POWERLESS TO BITCOIN'S decentralized strength.
Bitcoin keeps growing and growing in every country.

The people around the world are becoming too smart in seeing through the fiat currency schemes.

And it has become clear that...
Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so. They can never have such domination on Bitcoin.

Bitcoin cannot be made illegal. Governments may still attempt to do so.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalksearch.org/topic/which-country-are-you-from-here-list-thirty-popular-bitcoin-countries-for-trade-1853019

WHO WILL PROTECT ME FROM THESE HORRIBLE FIAT CURRENCY BUBBLES??
CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping

https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/

Recommend reading post: "Hacks Puppets and Forks - How to destroy Bitcoin"
https://bitcointalk.org/index.php?topic=1834310.20

Bitcoin has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value.

If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.

Bitcoin has all these together to make the most value and increasing more than any other financial-asset option coming from the fiat central-banking debt-system.

Though it is still very early adoption not even 1% adopted yet (most people everywhere don't know what it is)...
Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.


Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates. Central banks will never have such domination on Bitcoin.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.

On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Be wary of things outside of bitcoin especially when other things start throwing around the word 'blockchain'.
A non-decentralized "Blockchain" is a private database....Private databases has virtually no value!

BLOCKCHAIN without bitcoin = SCAMCHAINS, useless unsecure private databases
BLOCKCHAINS without bitcoin ARE SIMPLY PRIVATE DATABASES that every small business has even a coffee shop = NO VALUE, its like fiat currency, small minimal value!

BITCOIN BLOCKHAIN = SECURE IMMUTABLE VALUABLE OPEN-SOURCE DECENTRALIZED FAIR (scarce bitcoin supply). Globally people poured over $80Billion (USD) equivelent value into bitcoin and this will increase with time.

There ate lots of good news I've read about bitcoin today. More and more countries are accepting it now. This could only mean one thing, more and more people also will buy and use bitcoin. As a result, the price of bitcoin will soar up high.

i think this move is very risky, given the fact that most countries in africa do not have access to internet, there are few countries in africa that have access to to internet and those countries still do not have good internet connection and if they do, they have a conflict in their country, if we check on those progressive countries in africa, namely south africa and egypt, they have been developed because of colonization and those who are rich are still those had colonized them, the technology that they have, possibly will just give more income to the the rich people and not to the native africans. though this is good news, i think they all should first give financial education to all their people, since investing is really hard if we do not study it and understand it, and even more if you invest in bitcoin, since it is something intangible, a lot of people in africa may invest on bitcoin, but how sure are they that they will not loose, the first thing they should have done, it information dissemination and then introducing bitcoin to them. still this is good news to our community, however we need need to be cautious, since this might be a new thing to them, knowing that most fiat currencies in africa is becoming more and more devalued overtime and it is not a shock that people will turn to bitcoin if their fiat becomes obsolete. we also need to understand that africa will might soon hold the biggest percentage of bitcoin users, we need to check all of their movements.

That would be good news to look forward to....a changed peoples in Africa, where her people sought and gained financial independence to better themselves.

I think not only the Africa but all the well developed countries are trying to give the large profits to the citizens. It is the need of the time because all the things in the Africa and the countries like this are making the crypto currency more and more popular to increase the profit of the country because it is good for the both the country and the users.

a great start and the right move. I really appreciate it

good for future development and bitcoin value of course, maybe now is the beginning of tomorrow will be a big step. let's wait what will happen.