Africa needs bitcoin, not a charity

[BitHodler]

The government is very often quite stupid or simply does not want to take care of its citizens. They do not understand that bitcoin can be a salvation for many and this chance should be used.

I'm sure they do understand how powerful Bitcoin is, but specifically for that reason don't want people to adopt it. In most African countries the government is suppressing its citizens by keeping them poor and illiterate.

The less financial means and freedom they have, the easier it is for the government to exersize control over them. It's that simple. If the leaders there ever wanted their citizens to prosper, we would have seen it happen decades ago.

I'm glad to see that Bitcoin is gaining more traction in local markets. It's about time for people there to start taking the needed measures to stop being a slave of their government.

Waiting for governments to change is an utter waste of time.

[RomanPetrush]

Charity for africa is the most important, because new world order destroied the africa completely, very bad right now africa..

[kaya11]

but Africans seem just interested by BTC, few of them use the BTC!

https://news.bitcoin.com/why-africa-continues-to-lag-behind-in-cryptocurrency-adoption/

In fact there are some Africans that have produced some ICO when, I was one of their marketing personnel and too bad they did not even make it to what we expected. They have funds and I don't know where did that came from. Maybe they were just rich people who wants to create more richest in terms of making their own coin project. Africans are somewhat open to this kind of revolution, in terms of currency and the sorts of.

[Caladonian]

but Africans seem just interested by BTC, few of them use the BTC!

https://news.bitcoin.com/why-africa-continues-to-lag-behind-in-cryptocurrency-adoption/

In fact there are some Africans that have produced some ICO when, I was one of their marketing personnel and too bad they did not even make it to what we expected. They have funds and I don't know where did that came from. Maybe they were just rich people who wants to create more richest in terms of making their own coin project. Africans are somewhat open to this kind of revolution, in terms of currency and the sorts of.

Open minded people who will learned deeper about this industry will be attached and more interested on how to bring more success inside this market, africans also have the same chances as this industry is open for those who have a good access online, maybe some part won't be able to ride with this
emerging system but from those where innovations also taking place it's very possible to work this out.

[Pixyoxx]

Africa needs Bitcoins? Yes
Right now? Not really.
Africa has mostly developing or underdeveloped nations.
I have many African friends who use btc as a source of investments but the basic requirements in Africa is not BTC right now. In Africa, internet is quite expensive and not every household is equipped by encrypted smartphones because they have either a collapsed or very low economy.
First thing to do in Africa is providing the people a structural framework and environment where they can actually access and use Bitcoins, providing them the fundamental things first.

[Ranly123]

I think a possibility of crypto would ease the life of many africans, this privelege would give a great benefit for them, not talking about the development


The article: https://www.cio.co.ke/africa-needs-bitcoin-not-charity/

Yeah, it's easy to say they need Bitcoin but you should consider there means to access the latest technology specially in cryptocurrency. Most of the people in Africa are natives that has limited to none in terms of accessing in the internet so it would be hard for them to learn how cryptocurrency and Bitcoin works.

[Vishnu.Reang]

The government is very often quite stupid or simply does not want to take care of its citizens. They do not understand that bitcoin can be a salvation for many and this chance should be used.

Most of the African governments are highly corrupt and it is not very unusual to find countries where more than 90% of the tax revenue vanishes in to the black hole every year. For setting up a business, or for getting a certificate from the government, you need to pay a bribe. Bribing has become a part of the life in many countries. And unfortunately, Bitcoin is not a solution to this.

[Reatim]

I think a possibility of crypto would ease the life of many africans, this privelege would give a great benefit for them, not talking about the development


The article: https://www.cio.co.ke/africa-needs-bitcoin-not-charity/

indeed mate as bitcoin and also legitimate altcoins can help every community in their economy and brings another area of profiteering to that said country,africa is a large continent that need a back up support to grow economically with prosperity .i believe that if the whole african countries turns positive into crypto that chance of growth will be on our side as crypto community

[joseafonso123az]

It really depends to which part you're referring to. If we take North African countries such as Algeria, Morocco, Tunisia, etc. then bitcoin is already being widely used and also definitely needed.

If you are talking about some parts of Africa where people don't even know how to eat, I'm sorry to say, but personally, I wouldn't be interested in hearing about BTC. You should know that these people are not educated, and even though it's easy to say that the price will skyrocket, etc. they simply can't afford the risk and the price's volatility.

I second OmegaStarScream. I am from Africa, from  Mozambique to be exact, and, althought, I have some knowlege about BTC because I have access to internet, international news and all, I know that many places in my country have still no internet access, or worst, they dont have access to clean water nor electricity. In their shoes, I wouldnt care about not knowing about BTC, because it is something that  they wouldnt even think before have sanitary and hygiene needs cleared first.

[hv_]

Centbee ?

[b3llsf1l3s]

As long as the government is still busy dealing with things such as corruption and civil war in the country, I think these two things will be in vain. Even the infrastructure needed for them is still less than expected. Africa needs something that builds the country, schools and also decisive acts of conflict that often occur there.
Infrastructure like agriculture I think is a vital thing needed to support Africa.

Im sure it will go for nothing if bitcoin distributed to them.

[Ris88]

Of course it is very difficult if the country does not have access to their citizens using bitcoin, and again with the existence of civil war in their country which makes it difficult for African countries to grow, maybe there should be countries that can help their economic growth, in order to improve the existing government system at this time, because of the many tragedies of the civil war that took place there made their economies worse off and again access to using bicoin was very difficult, so that's why the African country has lagged far behind other countries ...

[goaldigger]

This would simply imply the saying "You give a poor man a fish and you feed him for a day. You teach him to fish and you give him an occupation that will feed him for a lifetime". It is better to see it this way but they need some assistance at first to make it possible. I believe all countries needs cryptocurrency especially to those third world but it would need some assistance to the neighboring countries to properly initiate it.

[hatshepsut93]

Charities and Bitcoin don't contradict each other, so I don't get how can anyone say that Africa needs Bitcoin instead of them. Charities have already saved millions of people through vaccinations, accessible medications, water and food supplies, they helped with education, infrastructure and other important spheres.

Meanwhile the benefits of Bitcoin for economy remain theoretical, and Bitcoin itself is still experimental (it's not just my words. check out bitcoin.org) - it's impact on nations can't even be compared with charities. So, in reality, Africa needs both, and Africa needs many more things, like civil society, foreign investments, democratic institutions and so on.

[buwaytress]

Didn't even click the link. I'm all for Bitcoin, and that goes without saying for the majority of people on this forum but really, as Omega and others point out, Bitcoin is very low on the priority for most Africans outside the most developed areas.

Looking at some of the most basic human development indicators... health, education especially come to mind. What's the use of Bitcoin when large swathes of people still can't read, still can't find clean drinking water? Still can't even sleep without worrying about their safety? How's money going to help ease those pains?

I really think a lot of people in crypto still refuse to think outside of the first world.

[Ais08]

The question is whether the African countries want to change to improve the country's economy, of course this must be questioned. because the conflict country is very difficult to reduce and the amount of corruption that makes the African countries left behind by other countries, and lack of access makes their people only focus on civil war and the ease of illegal weapons can enter the country, of course there must be a change in the government system they manage so far, if the system of government is not changed then it is very difficult for the people to use bitcoin to help the economy of their people ...

[bitzizzix]

Africa is one country that is left behind and there are still many shortcomings that must be developed, especially in the very weak mindset of education, internet facilities and technological tools that must be used and many others to be able to use bitcoin.
for now charity is the best choice to facilitate and provide it for daily needs and other needs that are very useful for them.

[bering]

Africa were dominated by poor countries even maybe some of citizen at there does not understand how to use PC or internet which is these two are important to access and use bitcoin so overall the facilities to involved to crypto world still less and i think these are the main factor why most of african still not too understand what is cryptocurrencies however might be the charity to build internet infrastructure would be so helpful because people at there can use internet and learn about crypto technologies

[K21000]

What africa needs is strong national development not bitcoin

[gabbie2010]

how would it help alleviate financial problems in Africa when most of them really don't understand it. Don't get me wrong but many African countries are already labelling cryptocurrencies as scams so how on earth would it help them. You tell me.

Yes they labelled cryptocurrency as scam becasue they never understand the terms been use in cryptocurrency. Education is the problem of the Africans and when they overcome illiteracy then they can believe the world of cryptocurrency and move toward it adoption. Also, remember that in Africa, we have population that the world need and also, the world of cryptocurrency.

In addition to the fact that some Africans labelled bitcoin as a scam is that having experienced the fraud perpetuated by the moribund MMM ponzi scheme that resulted to many of them losing a lot of money to that fraudulent schemes hence some of them had become caution on any thing that is  online thus it requires a lot of efforts and public enlightenment to remove such a negative perceptions about bitcoin and bring some trust, however with time more Africans will see why bitcoin is a better alternative to the so called centralized system of banking.