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Author Topic: How bitcoin has employed more African youths.  (Read 577 times)
Coyster
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January 30, 2022, 08:46:25 AM
 #41

Bitcoin has employed more youths than the government of some African countries. African countries are most times referred to as third world countries because of their under-development and under-civilization caused mainly by bad leadership. Africans have high level of poverty rate and unemployment.
I stay in this part of the world, so I understand first hand everything you're talking about, and you're very correct, unemployment rate has always been high, but since the start of the pandemic it has gotten far worse and it doesn't look like getting better any sooner, I'm happy for smart Africans that have utilized and harnessed the Bitcoin opportunity that's at their doorstep, I know quite a lot of people who still remain skeptical just cause of how the media in Africa has portrayed Bitcoin as a Ponzi of some sort, just in a bid to scare people from taking their finances into their own hands, I'm pretty sure sooner or later, most of such individuals would understand the benefits of being their own bank in the network and also try to take the advantage it offers.

Having said that, despite the fact that most African governments impoverish her citizens through embezzling funds meant for the development of the country, they are still trying to stop their citizens from using Bitcoin that's giving them some sort of hope, the Nigerian government for example placed some sort of ban on crypto some months back, and I really find moves such as this appalling, though since Bitcoin is decentralized and not controlled by anyone, it's somewhat difficult to implement such ban/sanctions, people have found other ways to carry out their transactions, such as P2P trade, etc, it's only a matter of time before the government finds out that Bitcoin is unstoppable.
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January 30, 2022, 09:06:49 AM
 #42

Bitcoin has helped tremendously in creating fortunes for African youths. Since the African government refused to provide employment and enabling environment for its citizens, her youths have created employment for themselves that will help to sustain and build their future. African governments are not helping matters, they are all enriching themselves and their families forgetting the welfare of their citizens.
The youths are the leaders of tomorrow but in Africa, the reverse is the case. The old leaders keep ruling

R


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CryptopreneurBrainboss
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January 30, 2022, 10:10:53 AM
Merited by uchegod-21 (2)
 #43

Well, it is a sad fact that the forum will become a source of income for most users which is not supposed to be.

Which is why I'm not much of a support of the OP including signature campaign in this content because if you're taking statistics based on the region he highlighted in the OP, the statistics of African profiting from the forum in regards to engaging in signature campaign or even bounties is not upto 0.1% and this isn't just about the Africa population at large but just those that are enlightened on what Bitcoin and cryptocurency are all about.

The bounties section has more of Asians and yes I'm a bounty mangers and from the users I see enrolls that's where the majority are coming from. On the other hand, it isn't a sad fact that the forum is becoming a source of income although the privilege shoudn't be misuse. We're entering into a period where we should be able to earn from where we spend most of other time and the social platforms are making that possible so the forum is just another example.

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Alisha-k
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January 31, 2022, 11:02:26 AM
 #44

Bitcoin has employed more youths than the government of some African countries. African countries are most times referred to as third world countries because of their under-development and under-civilization caused mainly by bad leadership. Africans have high level of poverty rate and unemployment. These problems made an average African youth to be inferior to his foreign mates. If the youth try to involve in international trade, they will pay high fees.  If they decide to save their money in their country’s weak currency, it will keep depreciating. An average African youth was financially vulnerable until bitcion brought liberty.
I will discuss how African youths earn a living from bitcoin.

FREELANCING
Bitcoin has given Africans with skills the opportunity to earn by creating bitcoin related contents, bitcoin digital marketing, SEO and more.

BITCOIN MINING
Many African youths did not discover or involve in bitcoin mining at the early stage that it was more profitable. The youths are now joining mining pools with whatever hash power they have to make a living out of it.

BITCOIN INVESTMENT
The buy and hodl has enriched many Africans, especially these few years that bitcoin made some successive decent bull run.

BITCOIN TRADING
This is the most popular way Africans make money from bitcoin. Trading has empowered many African youths. But the risky nature of it like trading altcoins, future trades made trading very scary to newbies and they lose money. You need skills to win here.

BITCOIN PAYMENT GATEWAY
Now that many companies are accepting bitcion as payment for online services, Africans that can create payment gateways for companies or help people purchase things on amazon, are meeting ends from bitcoin.

EXCHANGES
The problem of buying bitcoin with fiat or selling bitcion to get fiat is solved in Africa by Africans and they make money from the exchange fees.

BITCOIN LENDING
Lending bitcion to people with some percentage interest is another opportunity that Africans earn from. Traders borrow from lenders, trade with it and make profit and it becomes a win-win situation for the lenders and traders.

BITCOINTALK SIGNATURE CAMPAIGN
Bitcointalk being a bitcoin forum created by Satoshi has given a few Africans the opportunity to earn bitcoin by promoting some companies in the forum.

Bitcoin has brought liberty to Africa.


Translation: Nigerian Local Board (pigin)

This is very true, especially in the part of the world where I stay, Bitcoin has done tremendously well for so many of us and I can't tell if the financial freedom is what brought about the ban from our government.
We're still pushing though and we'll definitely get there.

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April 01, 2022, 12:42:53 PM
 #45

I enjoy hearing about how people in less privileged countries prosper due to their use of bitcoin. Some of the most successful people in the world come from nothing. Even hearing about how people in third world countries feed their families from signature campaign pay right here on bitcointalk warms the heart. Bitcoin gives opportunities to  so many people worldwide. We can all be thankful in different ways for our early discovery & subsequent adoption of bitcoin.

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April 02, 2022, 02:40:05 PM
 #46

Bitcoin has done more good than harm to the people. Bitcoin had led thousands of African youth out of abject poverty. But the fact that  government of these nations never see the advantage of this, of leading many people out of poverty baffles me. Always seeing the disadvantage of this and end up given it a ban is so annoying. But we never relent, we keep pushing and exploring through the crypto market and get new opportunities for ourselves.

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April 02, 2022, 04:47:17 PM
 #47

I enjoy hearing about how people in less privileged countries prosper due to their use of bitcoin. Some of the most successful people in the world come from nothing. Even hearing about how people in third world countries feed their families from signature campaign pay right here on bitcointalk warms the heart. Bitcoin gives opportunities to  so many people worldwide. We can all be thankful in different ways for our early discovery & subsequent adoption of bitcoin.
I second that really, in some first world countries signature earnings could be considered to be more or less just 'pocket money', but in some third world countries, let us say earning around $80 a week, sum it up to $320 per month is really a good sum of money and many people who work real jobs do not even earn that much after working for a month.

I am not saying people should rely on signature canpaigns, and i am very sure you are not saying the same, (they should take it as a secondary source of income), but it is just great to know that in one way or another people are benefiting from their knowledge of Bitcoin and their willingness to accept the technology, IIRC the 19th million Bitcoin was mined yesterday and we are basically just left with two million more (and even though we would not be alive to see it all mined), i am very much excited to know what is going to happen in the Bitcoin network in let us say the next 2-3 decades, and to know how far we would have come with mass adoption and all, it feels great to be in this network i must confess.
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April 02, 2022, 05:18:16 PM
 #48

Bitcoin has indeed done credibly well in terms of employment not only in Africa but also around the world, in my side I could count more than hundreds of people which I know that has leverage in these greatest opportunity seen in my life, for both youths and adults who discovered the money making and the employment opportunity that Bitcoin (Blockchain technology) has and dive in.

R


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April 02, 2022, 06:36:29 PM
 #49

Increasingly now than ever, the people of Africa look for a means to do without there government, to have a mean to there livelihood without having the government to reign supreme and Lord over the activities that enriches them. This initiative is one that is born out of several failed government and governance that makes it so difficult to have hope on a future with the government and therefore paves therefore paves way for the need to go solo and anonymous. The best of it all, is the realisation that came off the pandemic, a lesson that most persons learned the hard way.

Fortunately, that's the opportunity crypto seems to present to everyone and no doubt, these youths are utilising it quite well. Even for the wrong reasons too, unfortunately. The bottom line is, for the developing world like almost all African nations are, bitcoin is sure to liberate and make independent entrepreneurs out of unemployed citizens.
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April 03, 2022, 03:19:43 PM
 #50

I enjoy hearing about how people in less privileged countries prosper due to their use of bitcoin. Some of the most successful people in the world come from nothing. Even hearing about how people in third world countries feed their families from signature campaign pay right here on bitcointalk warms the heart. Bitcoin gives opportunities to  so many people worldwide. We can all be thankful in different ways for our early discovery & subsequent adoption of bitcoin.
"Some of the most successful people in the world come from nothing" This is a motivation and a real statement. One thing about every technology is the early adopters. The early adopters always enjoy some cool advantages over others. Though I cannot be called an early adopter but atleast I am not a late adopter and this sector is promising and I know it will evolve more in the coming decades. I am grateful to bitcoin, it has help many Africans.
Bitcoin is Liberty.

R


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April 03, 2022, 11:31:03 PM
 #51

I enjoy hearing about how people in less privileged countries prosper due to their use of bitcoin. Some of the most successful people in the world come from nothing. Even hearing about how people in third world countries feed their families from signature campaign pay right here on bitcointalk warms the heart. Bitcoin gives opportunities to  so many people worldwide. We can all be thankful in different ways for our early discovery & subsequent adoption of bitcoin.
"Some of the most successful people in the world come from nothing" This is a motivation and a real statement. One thing about every technology is the early adopters. The early adopters always enjoy some cool advantages over others. Though I cannot be called an early adopter but atleast I am not a late adopter and this sector is promising and I know it will evolve more in the coming decades. I am grateful to bitcoin, it has help many Africans.
Bitcoin is Liberty.
I understand how Bitcoin has opened a space for Africa so that its people can keep pace with and contribute to development. Fortunately, this was not only specific to the people of the African continent, but also included all peoples who live in poor countries and are subject to unfair financial policies. I am a resident of one of those countries and I can confirm that my life has changed since I discovered Bitcoin in 2014. I did not become rich, Cool but my life would not have been better without Bitcoin.
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April 04, 2022, 10:18:30 PM
 #52

Bitcoin have done more than so many government when it comes to employment. People wait on government but government fail to give what the people needs. Bitcoin have been doing more, expecially people who give their time to Bitcoin and learn it well benefit from bitcoin.
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