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Author Topic: 2013-04-01 afrinnovator Bitcoin Opportunity for Pan African Money Revolution?  (Read 1104 times)
Piper67 (OP)
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April 01, 2013, 10:47:15 PM
 #1

http://afrinnovator.com/blog/2013/04/01/bitcoin-crypto-currency-and-the-opportunity-for-a-truly-pan-africa-money-revolution/
It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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dree12
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April 01, 2013, 11:09:35 PM
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Excellent to hear that Bitcoin is picking up traction in Africa.
n8rwJeTt8TrrLKPa55eU
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April 01, 2013, 11:13:16 PM
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Really interesting article and comments.

Loved that Bitcoin definition as "Mattress 2.0".
TraderTimm
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April 01, 2013, 11:24:49 PM
 #4

I think African involvement is even more exciting than most countries, due to the draconian systems they have in place in different regions. This could be the start of something really big.

fortitudinem multis - catenum regit omnia
ShadowOfHarbringer
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April 01, 2013, 11:45:18 PM
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I think African involvement is even more exciting than most countries, due to the draconian systems they have in place in different regions. This could be the start of something really big.

Actually, when it comes to mobile payment technologies, Africa is one of the most advanced (if not most advanced) continent in the world.
Seriously, in Africa you can already pay for everything with mobiles paying small fees - like nowhere else in the world.

I think that there are great possibilities for Bitcoin not only through mobiles, but also embedded & low power devices, because many africans have access to very little amount of electric power (YET they still have mobile phones - unbelievable, isn't it ?).

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April 01, 2013, 11:49:08 PM
 #6

Quote
“money under the matress 2.0″

Love it!

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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