Post
Topic
Board Economics
Re: Ghana invests 1% of its reserves in Bitcoin
by
phreakk
on 04/01/2018, 23:39:08 UTC
Yeah! I think that there is wrong with the heading as it said that "Ghana invests 1% of its reserves in Bitcoin". Though there is a good news that African countries will now accept the essence of bitcoin and the innovation of technology, it is hard to think that the reserve dollar of the country will put in bitcoin. Without any approval of branch of government.

Good news? You find it good news that poor countries adopt technology that's useless for 99% of their population?
That's insanely bad news! It's making the situation in the countries worse than they already were. It's not improving them at all.

First priority for these countries should be getting their country stable again, not investing in Bitcoin.

Don't get me wrong, I find Bitcoin and cryptocurrencies in general a great addition to our society, but not to Africa. It just doesn't fit in there yet.

This is one catchy title that has no connection to the post itself. As it is misleading on purpose or just a reverse psychological marketing on some point. The first thing I think is the bitcoin price and why it wasn’t bullish if this news is true. Reading It answered that question in my mind, it was just a suggestion and not an actual investments.

Completely unrelated to the post itself? Interesting... The title of the post is exactly the same as the title of this thread. I agree that it's a bit misleading, but it's perfectly related to the post itself.