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Author Topic: Senegalese government openly supports the Akoin (cryptocurrency) project.  (Read 65 times)
CryptopreneurBrainboss
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January 14, 2020, 05:20:34 PM
Last edit: January 14, 2020, 05:30:46 PM by CryptopreneurBrainboss
 #1

Woke up to the news of Akon's city project (in Senegal) been approved by the government of the country, he has been given the go ahead to build a city that its official currency would be cryptocurrency but sadly that cryptocurrency won't be bitcoin, although it'll be a great avenue to create awareness about the concept of cryptocurrency both in the country and continent (Africa). I see some positive development from this project as the government are already onboard but it worries me that many uniformed Senegalese will be misinform and denied the privilege of enjoying true financial freedom that cryptocurrency is meant to introduced to the masses through bitcoin.


Image credit: https://mobile.twitter.com/Akon/status/1216803497057931264

The proposed Akoin currency is likely going to be another centralized cryptocurrency that transaction would be closely monitored and moderated like the fiat. The whitepaper haven't been published (to my knowledge) as I don't have any idea how the coin will be operated.  What's your take on this project, do you think it'll add some positive feedback to how cryptocurrency is been viewed in the continent, increase adoption of cryptocurrency in the country and continent and probably create more awareness for bitcoin as the king of the cryptocurrency industry?. In general, what's you take on this project?

PS: I'm having this feeling, the Chinese are behind this project and Akon's reputation is just been used to gain acceptance. I might be wrong though lol.




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TheCoinGrabber
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January 15, 2020, 07:53:59 AM
 #2

My first thought was immediately AKON when I saw that coin's name LOL. Haven't heard from the guy for a while.

Considering the project head is a celeb I'm already assuming that it's centralized and the coins are acquired via an arbitrary manner. My view might change if I get more information about the coin but I'm not optimistic. The only thing this could be good for is introducing people to the concept of what a crypto is and they might hear about bitcoins and what sets it apart from these other shitcoins.

PS: I'm having this feeling, the Chinese are behind this project and Akon's reputation is just been used to gain acceptance. I might be wrong though lol.

It's possible. I mean, I don't remember AKON being that rich or influential. China have big interest on Africa and this could be a test run for their own cryptocurrency, on what effect would having a certain area dump fiat.
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January 16, 2020, 10:07:57 AM
 #3

I can't find new info about the project but the amount of people screeching "Wakanda" on Twitter in response to this was hilarious.

I see some positive development from this project as the government are already onboard but it worries me that many uniformed Senegalese will be misinform and denied the privilege of enjoying true financial freedom that cryptocurrency is meant to introduced to the masses through bitcoin.

I think the good thing that could happen with this is that it will entice investors and money would be coming in using that crypto, which would then spillover into the surrounding communities. It would be better if that location would also be some sort of duty-free zone/free port to attract more investment.
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January 16, 2020, 08:21:26 PM
 #4

Woke up to the news of Akon's city project (in Senegal) been approved by the government of the country, he has been given the go ahead to build a city that its official currency would be cryptocurrency but sadly that cryptocurrency won't be bitcoin, although it'll be a great avenue to create awareness about the concept of cryptocurrency both in the country and continent (Africa). I see some positive development from this project as the government are already onboard but it worries me that many uniformed Senegalese will be misinform and denied the privilege of enjoying true financial freedom that cryptocurrency is meant to introduced to the masses through bitcoin.


Image credit: https://mobile.twitter.com/Akon/status/1216803497057931264

The proposed Akoin currency is likely going to be another centralized cryptocurrency that transaction would be closely monitored and moderated like the fiat. The whitepaper haven't been published (to my knowledge) as I don't have any idea how the coin will be operated.  What's your take on this project, do you think it'll add some positive feedback to how cryptocurrency is been viewed in the continent, increase adoption of cryptocurrency in the country and continent and probably create more awareness for bitcoin as the king of the cryptocurrency industry?. In general, what's you take on this project?

PS: I'm having this feeling, the Chinese are behind this project and Akon's reputation is just been used to gain acceptance. I might be wrong though lol.

senegalese government? in africa every idiot forms his own government, and tries to found banks. no point giving a damn about any african "governments"

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January 17, 2020, 05:15:12 AM
 #5

My first thought was immediately AKON when I saw that coin's name LOL. Haven't heard from the guy for a while.

Considering the project head is a celeb I'm already assuming that it's centralized and the coins are acquired via an arbitrary manner. My view might change if I get more information about the coin but I'm not optimistic. The only thing this could be good for is introducing people to the concept of what a crypto is and they might hear about bitcoins and what sets it apart from these other shitcoins.

PS: I'm having this feeling, the Chinese are behind this project and Akon's reputation is just been used to gain acceptance. I might be wrong though lol.

It's possible. I mean, I don't remember AKON being that rich or influential. China have big interest on Africa and this could be a test run for their own cryptocurrency, on what effect would having a certain area dump fiat.

This isn't a test run for anything. Akon is rich and famous enough within Africa to be given some land and the ability to name the land (and his new formed town) his name everything else being done is just a sham and is either being done to defraud actually people or just for Akon to be massively narcassitic about himself.

Rich people buy land all the time. This is stupid and really shouldn't be news worthy, but here I am commenting about it.




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January 17, 2020, 02:48:36 PM
 #6

The Akon's city project to a large extent is certainly going to create more exposure to the people of Africa. Especially with the fact that, the then city's proposed currency is going to be cryptocurency. This is in itself a test-run as much as I can grab and who knows, depending on its success, it can be adopted by other cities, create a vacuum for other projects of its kind to come up and any fault that might arise from the Akon's city project would result in new innovations and better initiatives in upcoming projects with it's nature.
Having it in Africa is a big boost for the continent and Cryptos especially Bitcoin which stands out amongst all. As the African people would come to know more of cryptocurencies.
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January 17, 2020, 03:42:11 PM
 #7

This one probably do more harm than good to reputation of real decentralized project like Bitcoin. Avoid.  If I was live in Africa I will stick with Bitcoin.
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