Bitcoin Forum

Who do you think will have the biggest chance of Bitcoin success? Africa or Australia?

With Ripple Labs building an office in Australia's Capital City - Sydney and Africa becoming a haven for Bitcoin start-ups

Who do you think will attain a bigger success in the bitcoin industry?

Reference reading:

http://bitforum.info/t/sydney-will-be-a-new-home-for-ripple-labs/831
http://bitforum.info/t/africa-a-breeding-nest-of-bitcoin-industry/823

For me, Australia is economically stable compared to, Africa needs bitcoin services even more because of the fact that some areas in the continent is struck with poverty. That is maybe the best reason why Bitcoin will flourish more in Africa.

i'll say australia will regulate it first, so for this reason it will be more popular there before africa, africa in some zone still lack hi-tech activity to introduce itself at bitcoin, poverty actually doesn't help , because you can't buy bitcoin and help the market to grow

africe indeed is lacking tech, but even poor people have phones/smartphones there. it would make more sense for africa to be first as the need for something like bitcoin is much higher there. even very simple cheap smartphones can run a bitcoin wallet.

But what will be the technical structure that will hold the bitcoin structure. Africa is not nearly ready for this tech and who is going to provide the with btc when doctors and volunteers are dying just to provide them food and water.

Sydney is not capital city  :P

I think both continents have equal chance to make great impact, the only difference is when will it take place. Australia already has existing facility to support bitcoin development and move towards mainstream adoption. On the other hand we shouldn't discount Africa as well. Comprising of several countries, bitcoin can actually be used as a common currency to facilitate trade and given the political turmoil that degrades value and trust the people have towards paper money used over there, bitcoin can actually play a wider role to become a common trading currency. So it all depends on how you look at it.

Who has more internet and spare money to risk?

I guess Australia

Stopped reading ....

Commonwealth of Australia
Capital   Canberra

So you know all about about Australian economy but you think Sydney is the capital

I think Australia will have the biggest success with Bitcoin, mostly because I'm from there and many people know about it.

this is even more true for a more industrialized country, which can adopt a new tech much faster than a poor one, the fact that africa need it does not mean that they will utilize it well, if everything that they need from bitcoin is get out of the poverty, because bitcoin wasn't born to enrich the poor or make them less poor, at least this isn't its not primal role

Latin America

Panama and Costa Rica.

Bitcoin on its own will not help Africa, some form of innovative business filling the role of banking for the unbanked utilizing Bitcoin may be more of a spark to create adoption in Africa, but I believe we are many years off. I also do not believe adoption in Australia will be so fast, but the technology is here in the west, so it's just a matter of time before the efficiencies it creates are capitalized on by companies.

this tread is just advertising garbage
ripple labs got nothing to do with bitcoin and who cares if a company opens a office somewhere in the world
sydney is not australias capital
i think OP and bitforum suck

Just do a google search like "youtube bitcoin africa" and you will see that Bitcoin grows in Africa more than in other world regions.
I think it is because Africans have more to win. The most national currencies there are very unstable and have high inflation rates.
Bitcoins and crypto coins in common are a good way to keep the value of their earnings and savings.

I dont think Africa will be there anytime soon. But in 10 years who knows.

You should compare country to country! Africa of course, because it has more than 50 times more people, but there huge disparities in Africa. In SA or Lagos, there are people living just like in rich western countries, but there are also millions living with 2$ a day, or less.

That is the problem here. Australia is a one country continent and Africa is just well, multinational continent. There is no way we can compare these to in any way possible. Of course Australia will win every time, there is no doubt about that, if you think about internet infrastructure and technological capabilities Australia is a clear winner, not to mention money... Op could compare USA with Russia or Australia easly, but not with Africa as a whole.

Undoubtedly Australia

i agree with OP australia have the biggest chance for Bitcoin success than afrika because have economically stable even though africa by populaon size
more than australia but most of many African countries beside struck with poverty and also many conflicts are interminable and civil war thus making
economy of africa is very unstable

I see most people here have never been to Africa.
There's ten times more people with an Internet connection in Africa, and there is way more money in Africa.
I guess Mercedes sells at least 5 times more cars in Africa than in Australia.

Then, there hundreds of millions without a bank account, so BTC has huge opportunities there.

Im sure Australia will regulate bitcoin soon, we are such a fucking nanny state we have rules and regulation on everything.
I think Africa will probably use bitcoin to help the people who don't have a bank account and Australia will use it manly as a online currency only, i could be wrong.

Although Sydney would like to call themselfs the capital city it's not, the capital city here is boring old Canberra.

Australia, but your ripple example is not related to bitcoin, you said ripple not bitcoin, ripple is btc's competitor.

So you should change your question, use crypto currency to instead bitcoin.  :D

I think it is hard to say the result. The two areas have their own advantages and disadvantages for Bitcoin to grow. Even if Africa is poor, it  has the soil for Bitcoin to spread.

I would put my money on Africa because they are still untapped as a mostly 3rd world country. In essence more progress can be made from a country with limited development, than a country where development has reached it's peak already. The only limitation will be the African political differences and the way some of the African leader perceive the possible threat to their control over their people. ^sad^

ill say Australia because Africa have some money issues and they are like 3rd world country and stuff like that.

In my opinion, I think Africa, because they have a lot of people without bank accounts, which is why Bitcoin will thrive there. There's also a lot more people with internet connections in Africa than in Australia, so it might have the advantage. Of course, Australia is a developed country, so it's got its advantages too. But I believe Africa has just that bit more for Bitcoin to be able to have a bigger success in the industry.

Africa is a huge comtinent with lots of ppl who are looking for cheap and effective ways for money transfer.

I guess Africa. They're in need for means of remitting money and storing their money in a manner that it isn't wiped out by political instabilities or economic breakdowns!

Africa can make the most difference so that probably classes as the biggest chance of success, australia runs the same as europe and USA for the most part. 

Australia has more technology and spare many to risk than Africa. So, my vote goes for Australia.

I prefer Australia as it is much technology advanced country as compared to africa and also if you look at the economy then Australia is far better then Africa so i would go with Australia as Africa has a problems related to poverty economy crimes so it will not africa in terms of bitcoins.

thats true australia is always the first choice of any person whom you ask this question and the reason is that the threat level in africa is more as compared to other countries...the lives are not safe so anyone would prefer to go with australia as compared to africa.

I would say Australia. Africa is to unstable for internet infrastructure.

I prefer Africa.

Bankers are too strong in Australia, and they will prevent widespread BTC adoption there. Also, the Australian government is not that excited about Bitcoin. On the other hand, most of the African nations don't even have rules or regulations regarding crypto. There is huge potential for Bitcoin adoption in Africa. And Kipochi - M Pesa is just the tip of the iceberg.

I vote for australia
i think it will be successful there

Neither of these.

America, as soon as we get a few more entrants from the Wall Street. For now we have 1 fund but I still wait for the twins.

Africa for Sure.
As there are many people without the bank accounts though the rate of internet connection is high in Africa as compared to Australia so bitcoin will attract them more and Government would also start accepting bitcoin in Africa and as people who don't have bank acs will get attracted to bitcoin very easily.

Australia is a very large "producer" to the world economy.  If bitcoin can grow big enough it could help Australia in many ways.

Beaten

Kinda agreed.  Theres "no point" here in oz unfortunately.  PayPass is every where, and online banking is very good.  Its kinda good the gov's apathy.  Its just really business as usual from a taxing point.

You should ask, who needs it the most.  ;) I am not a betting kind of person, but I would bet on Africa.

Australia are spoiled with huge internet infrastructure and fast networks, so it might be more successfull, if they went for it. The problem with them is regulation and strict laws.

Africa have their own limitations, but it will grow like crazy, if a cheap vehicle can be found to drive it. {A example being the Bitcoin on a Sim card that was developed}

I also hope, Africa would be the target for Bitcoin development... It will surely help, when I go for work there.  ;D

In one hand I guess australia,it had a strong infrastrcuture specially on technology more than how is it on africa in the seconde africa have brains so its  defficult to determine which one  will be best than the other .

I would prefer to go with Africa as the banking systems of Africa are not so good as compared to Australia and there are many people of Africa who doesn't have a bank account so bitcoin will attract them more and the adoption and acceptance level of bitcoin would be more in Africa.

Africa is a rather large and vast location. There are significant differences between the various nations of that continent.

It's similar in Australia. There must be places in the outback without any electricity or mobile phone masts for a thousand miles. The only way you could power a computer out there would be to generate your own electricity, and you would have to hook up to the internet through a satellite connection. Only notes and coins would be useful in environments like that.

Who cares if Ripple Labs builds an office in Australia. Bitcoin will still be more used in Australia than Ripple. No one cares about offices anymore, thats the whole point of Bitcoin, decentralization.

Why would regulation imply greater success? Often regulation is instituted to slow down progress or growth, not to accelerate it. I haven't been following up with the BTC regulation news in Australia, so perhaps there's specific details i'm unable to consider.

I think bitcoin would serve Africa much better than Australia, here's why:

• Africa is a continent of 54 countries, that means there's significantly more opportunity for growth
• African Nation currencies are notorious for being inflation wild (See Zimbabwe's $100 Trillion note), which bitcoin could serve as the consistent alternative to wild inflation
• The poor do provide goods and services and need a currency that can be denominated at much lower levels

i know that africa need it more but my point is that australia will come first because they are more advanced in some of their zone, while africa are bit behind(excluding maybe egypt and tunisia and some other nord countries), sud africa are still in 1900-2000 century

they don't have the appropriate infrastructure to raise bitcoin to a certain level in their area

Also, remittance sector is not that big in Australia. Western Union charges are more reasonable, when compared to various countries in Africa as well. On the other hand, the remittance sector is pretty big, and growing at a rapid pace in Africa. We should look towards emerging and growing markets, rather than already over-saturated markets for Bitcoin growth.

Australia  :)

I think Australia is better then Africa when it comes to accepting the bitcoin as a currency as it is financially stable country as compared to Africa. And the rate of Poverty is more in Africa which limits them to adopt the use of bitcoin and Australia is more technology advanced country then Africa.

The very topic shows immense ignorance. Yes, let's compare a continent to a country.  ::)

Africa 1.11 Billion people

Australia 23 million

Africa is planet's 2nd largest continent and the second most-populous continent, it has 54 individual countries.

You may want to re-evaluate how you pose your question.

I'd think Australia in the near term but I've read about example in Africa being used for bitcoin to be a more secure method of finances.  Really, though... it's hard to put any place ahead of another or to really quantify what makes it a success.  There are so many examples of the successes of bitcoin but it's also overshadowed by mt gox and a few other bad apples.

The world is changing fast.  More tolerance for new ideas and alternative lifestyles so I think bitcoin has a promising future and that future could very well be understood sooner than later.

I think, it would be Africa. Because as we know sending money to Africa is not easy, and when Bitcoin came sending money just need 1 touch on your phone ;D So it will be more people using Bitcoin in Africa, so it will effect the Bitcoin success there ;)

australia...current africa is just not crypto ready yet, they had so big important problems, that playing with ctypto is totally out of any scope..