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Definitely. Somehow the author went and brought valid arguments against ETH and web3 but failed completely at point #2. Just to answer the author concerns abou

Definitely. Somehow the author went and brought valid arguments against ETH and web3 but failed completely at point #2. Just to answer the author concerns about point #2. There are coins with entire Blockchain that can fit in my OnePlus 7. I am from Algeria (a country without a financial system), LTC and XMR are the coins that brought me out of poverty, not because of gambling but they allowed me to do software development consulting online without begging services like Wise to not ban my account for random suspicions. The author somehow talks about Crypto currency but somehow keeps pointing to flaws in exchangers with KYC.. Again, a lot of progress has been made here, exchangers without KYC emerged (check out Bisq net)... I just wish people would point out more honest reviews of the such technologies so we can improve together as a society.. Cryptocurrency might not add a lot to your life, but there are many people having access to instant, cheap and secure transactions is a game changer.. I don't care about the legality of it as those broken laws are probably not protecting the average citizen.

kaladin_1 4y ago
Having read through the thread, I don't think many in highly developed countries can ever grasp why crypto is huge in Africa. I'm from Nigeria. The Central Bank makes all sorts of policies around inflows and outflows. E.g. DigitalOcean just has warned me that they will block my account. I checked and realised that the MasterCard issued by my bank has stopped honouring any payment denominated in dollars. You could pay for this few months ago. But now nothing. I don't even know how to go about it. My friend had run around just to pay for Figma. Sometimes you have to even call friends in diaspora to make payments for you on International sites and just pay them back via crypto. Inflow here is such a hustle. I've used wise.com a lot and do like their services but they no longer support Nigeria.

kaladin_1 4y ago

Having read through the thread, I don't think many in highly developed countries can ever grasp why crypto is huge in Africa. I'm from Nigeria. The Central Bank makes all sorts of policies around inflows and outflows. E.g. DigitalOcean just has warned me that they will block my account. I checked and realised that the MasterCard issued by my bank has stopped honouring any payment denominated in dollars. You could pay for this few months ago. But now nothing. I don't even know how to go about it. My friend had run around just to pay for Figma. Sometimes you have to even call friends in diaspora to make payments for you on International sites and just pay them back via crypto. Inflow here is such a hustle. I've used wise.com a lot and do like their services but they no longer support Nigeria.