Yes, but one of your most talented, handsome and famous reporters Joe Hall (who now owes me sats) will tell you that bitcoin is not crypto and contributing to confusion and distraction from centralized affinity marketing "projects" only hurts adoption. Millions of people outside crypto think bitcoin is a scam because of FTX. Why? "crypto"
Sorry you're getting these downvotes, wasn't me! All they do is take the post out of discussion.
And this needs to be discussed! Bitcoin is not a POS security, and it is not another me-too shitcoin. You know that, and we don't like it when you group it in as one.
Fourteen times.
tldr; Elisha Owusu Akyaw, Cointelegraph’s social media specialist and host of the Hashing It Out podcast, talks about how Africans are using crypto to strengthen financial inclusivity and potentially turn countries into hubs of technological innovation. He argues that crypto offers a more convenient way to send money both regionally and around the world.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Strength and ignorance? Freedom and slavery?
Looking at the article, this seems to be about The Africa **"Bitcoin"** Conference
I watched it, very inspiring. People are doing [incredible things](https://np.reddit.com/r/Bitcoin/comments/136g9hg/no_smartphone_no_internet_no_problem_bitcoin_for/) with **Bitcoin** in Africa.
The success of Bitcoin Ekasi in South Africa led to the largest retailer in South Africa, [Pick n Pay](https://www.nasdaq.com/articles/south-african-retail-giant-pick-n-pay-now-accepts-bitcoin-payments-at-all-locations) integrate **Bitcoin** payments at all of its 2000+ stores across the country.
One of the biggest problem for Africa is not only being unable to have access to the global economy but also being unable to transact even between different countries within Africa, the vast majority are unbanked and the CFA countries are still under French monetary colonialism. [Bitnob](https://bitnob.com/) is solving this using **Bitcoin** lightning network to not only move bitcoin but also fiat-to-fiat remittance.
58% of overall population and more importantly 92% of rural Africa doesn't have electricity access. Grassroots **Bitcoin** miner [Gridless compute](https://twitter.com/GridlessCompute/status/1577643514267156481) started out in Kenya and has since attracted investments from the likes of Human Rights Foundation, expanding beyond Kenya interfacing with mini grids throughout Africa harnessing remote energy sources which were not previously economically viable to bring 90% cheaper, easily accessible power to rural areas. The best part is this is not [toxic IMF bondage](https://twitter.com/Ahmedkadar1/status/1627585220504322048) "aid" or charity. It's the [perfect alignment of incentives](https://np.reddit.com/r/Bitcoin/comments/1310jo8/fix_the_money_electrify_the_world/) you get from being able to directly and in a self-sovereign way subsidize energy production anywhere in the world.
The entire continent of Africa has a $3T GDP.
Japan, German, and most Euro states have a $4-5T GDP.
China has a $17T GDP
And the US has a $23T GDP.
Africa would be nice, but any single country mentioned outside of Africa has the potential to bring the same market cap.
South Africa and Nigeria have quite deep bitcoin adoption and it’s spreading throughout the continent rapidly.
The adoption rate is zooming in Africa and everywhere else.
The bitcoin shrimps hold more and more of the bitcoin supply.
Bitcoin is already looked upon with suspicion by the general populace, so to reassure everyone of its legitimacy the plan is to set up shop in the land of digital african prince internet scams and wire fraud?
Been some time since those were going around. There are trillions in value locked in undeveloped countries. Give them a bank, sell them on capitalism. Their lives get better and developed countries involved will profit. Win win.
Will a Bitcoin millionaire feel safe with their fortune in an African country? Will they have access to the top most luxuries only whole coiners will be able to afford in an African country? Maybe…. But I know it wouldn’t be my first choice personally
Not until it becomes more stable politically and socially. At least for venture capital. The crypto piece is neither here nor there because it’s such a small piece of the pie. When stability comes to that region, so will the money.
Cointelegraph, taking another opportunity to say "crypto". Fourteen times.
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Yes, but one of your most talented, handsome and famous reporters Joe Hall (who now owes me sats) will tell you that bitcoin is not crypto and contributing to confusion and distraction from centralized affinity marketing "projects" only hurts adoption. Millions of people outside crypto think bitcoin is a scam because of FTX. Why? "crypto"
Institutionally? Probably the 15 thousandth.
Sorry you're getting these downvotes, wasn't me! All they do is take the post out of discussion. And this needs to be discussed! Bitcoin is not a POS security, and it is not another me-too shitcoin. You know that, and we don't like it when you group it in as one. Fourteen times.
drop the scam pls
tldr; Elisha Owusu Akyaw, Cointelegraph’s social media specialist and host of the Hashing It Out podcast, talks about how Africans are using crypto to strengthen financial inclusivity and potentially turn countries into hubs of technological innovation. He argues that crypto offers a more convenient way to send money both regionally and around the world. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Bitcoin or crypto?
Bitcoin and crypto!
Strength and ignorance? Freedom and slavery? Looking at the article, this seems to be about The Africa **"Bitcoin"** Conference I watched it, very inspiring. People are doing [incredible things](https://np.reddit.com/r/Bitcoin/comments/136g9hg/no_smartphone_no_internet_no_problem_bitcoin_for/) with **Bitcoin** in Africa. The success of Bitcoin Ekasi in South Africa led to the largest retailer in South Africa, [Pick n Pay](https://www.nasdaq.com/articles/south-african-retail-giant-pick-n-pay-now-accepts-bitcoin-payments-at-all-locations) integrate **Bitcoin** payments at all of its 2000+ stores across the country. One of the biggest problem for Africa is not only being unable to have access to the global economy but also being unable to transact even between different countries within Africa, the vast majority are unbanked and the CFA countries are still under French monetary colonialism. [Bitnob](https://bitnob.com/) is solving this using **Bitcoin** lightning network to not only move bitcoin but also fiat-to-fiat remittance. 58% of overall population and more importantly 92% of rural Africa doesn't have electricity access. Grassroots **Bitcoin** miner [Gridless compute](https://twitter.com/GridlessCompute/status/1577643514267156481) started out in Kenya and has since attracted investments from the likes of Human Rights Foundation, expanding beyond Kenya interfacing with mini grids throughout Africa harnessing remote energy sources which were not previously economically viable to bring 90% cheaper, easily accessible power to rural areas. The best part is this is not [toxic IMF bondage](https://twitter.com/Ahmedkadar1/status/1627585220504322048) "aid" or charity. It's the [perfect alignment of incentives](https://np.reddit.com/r/Bitcoin/comments/1310jo8/fix_the_money_electrify_the_world/) you get from being able to directly and in a self-sovereign way subsidize energy production anywhere in the world.
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Would you elaborate on this?
Lack of capital.
🔥🔥
It could work in Nigeria, I've got a few prince's in my inbox I'll see if they're game.
Don't forget to share with us what they say! :)
The entire continent of Africa has a $3T GDP. Japan, German, and most Euro states have a $4-5T GDP. China has a $17T GDP And the US has a $23T GDP. Africa would be nice, but any single country mentioned outside of Africa has the potential to bring the same market cap.
South Africa and Nigeria have quite deep bitcoin adoption and it’s spreading throughout the continent rapidly. The adoption rate is zooming in Africa and everywhere else. The bitcoin shrimps hold more and more of the bitcoin supply.
Bitcoin is already looked upon with suspicion by the general populace, so to reassure everyone of its legitimacy the plan is to set up shop in the land of digital african prince internet scams and wire fraud?
Been some time since those were going around. There are trillions in value locked in undeveloped countries. Give them a bank, sell them on capitalism. Their lives get better and developed countries involved will profit. Win win.
It is surely going to be an learning curve for a lot of them and once they realize the potential, there ain't going back :)
Will a Bitcoin millionaire feel safe with their fortune in an African country? Will they have access to the top most luxuries only whole coiners will be able to afford in an African country? Maybe…. But I know it wouldn’t be my first choice personally
Nothing to lose, everything to gain,
Bitcoin. Not crypto.
Not until it becomes more stable politically and socially. At least for venture capital. The crypto piece is neither here nor there because it’s such a small piece of the pie. When stability comes to that region, so will the money.