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If you don't count Bitcoin that's true. Bitcoin is used as a tool against French colonial CFA Franc in Africa. A a lifeline to access the outside financial wor
by biscottigelato 4y ago
If you don't count Bitcoin that's true.
Bitcoin is used as a tool against French colonial CFA Franc in Africa. A a lifeline to access the outside financial world for citizens of countries under sanction.
https://iharare.com/african-countries-are-no-strangers-to-the-use-of-bitcoin/ https://iharare.com/african-countries-are-no-strangers-to-th...
- oneoff786 4y agoThe fact that some people have a valid use case does not refute my claim
- Retric 4y agoAll of that added up to a trivial number of useful transactions which should be obvious when you consider how few transactions per day the protocol could handle globally and how expensive transaction fees often became.
- deleted 4y ago[deleted]
- hn_zorba 4y agoThere's no mention of CFA Francs in that article? Also the bitcoin experiment that this article briefly talks about has since become a failure - though that's probably more on the incompetence of the rollout than bitcoin.
- AnAfrican 4y ago>Bitcoin is used as a tool against French colonial CFA Franc in Africa. That's a new one. Sure there are some crypto enthusiasts/ scammers (those are not necessarily the same people) trying to push some convoluted argument related to the CFA but this is super niche at best. And furthermore, if anyone would actually use crypto in the CFA area, it would be as a mean to circumvent the exchange control and acquire Euros/Dollars. That's not exactly fighting "colonial money", is it ?