Kenya shifts to a more Bitcoin and blockchain-friendly approach: techpoint.africa/insight/techpoint-digest-1140/ This field is still extremely new (Bitcoin was only created in 2009) and as a result, there are loads of hurdles to navigate until blockchain becomes a normal part of the financial system, if it ever does. But the countries such as El Salvador that position themselves ahead of the curve will reap the benefits if blockchain does survive and become mainstream.
I recommend that people take the time to study the basics about blockchain. Forget all the meme coins and hype and NFTs, don't aim to buy the next big thing "crypto," unless you've got the time, money and risk appetite to spend all day trading them. Instead, learn what cryptography is. Look into these people known as the cypherpunks. When I did this a few years ago, I realised that I had very little understanding about how the normal financial system works, let alone blockchain. Same with the internet. We live almost our entire waking hours surfing this world wide web, but very rarely do we stop to think what the internet actually is! (it's simply the name for the network that connects computers together).
Anyways, let's see how things go with blockchain in Africa. Nigerians have been enthusiastic early adopters of Bitcoin, and the Central African Republic actually made Bitcoin legal tender for a while. Give it 10 years and let's revisit this post!
Ely Wananda
Kenya shifts to a more Bitcoin and blockchain-friendly approach: techpoint.africa/insight/techpoint-digest-1140/ This field is still extremely new (Bitcoin was only created in 2009) and as a result, there are loads of hurdles to navigate until blockchain becomes a normal part of the financial system, if it ever does. But the countries such as El Salvador that position themselves ahead of the curve will reap the benefits if blockchain does survive and become mainstream.
I recommend that people take the time to study the basics about blockchain. Forget all the meme coins and hype and NFTs, don't aim to buy the next big thing "crypto," unless you've got the time, money and risk appetite to spend all day trading them. Instead, learn what cryptography is. Look into these people known as the cypherpunks. When I did this a few years ago, I realised that I had very little understanding about how the normal financial system works, let alone blockchain. Same with the internet. We live almost our entire waking hours surfing this world wide web, but very rarely do we stop to think what the internet actually is! (it's simply the name for the network that connects computers together).
Anyways, let's see how things go with blockchain in Africa. Nigerians have been enthusiastic early adopters of Bitcoin, and the Central African Republic actually made Bitcoin legal tender for a while. Give it 10 years and let's revisit this post!
4 months ago (edited) | [YT] | 10