Post
Topic
Board Bitcoin Discussion
Re: Africa needs bitcoin, not a charity
by
25 and over
on 19/06/2019, 07:43:00 UTC
Cryptocurrency is not so massive yet, because people just don’t know how to work with it. I think that cryptocurrencies could be a good way to promote young talented developers. That is why people need to be given access to cryptocurrency. So you can invest in the development of the country.

But a crypto currency such as bitcoin's volatility would only add misery to an already suffering nation if the price plumeted such as it did recently before returning to more accepted levels.  A villager isn't going to accept that the bitcoin they ammased has suddenly halved in value in the same way fiat deflates via hyperinflation.  They get rid of bitcoin and will be scared off of it for a long, long time.  Build up the nation first and gradually introduce bitcoin to the masses.