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Africa fell in love with crypto. Now, it’s complicated
- senttoschool 4y agoCrypto is a disease. It does not help undeveloped countries. Instead, crypto companies often target the poor because it's easier to scam the uneducated.
- acdha 4y agoIt usually seems to be more about lack of opportunity than education. The Nigerian scammers got as big as they did because there were a lot of people who had enough education to be ambitious but no plausible legal way to make that kind of money, and I think cryptocurrency followed a more legitimate but similar arc: when people can see the riches they’re missing out on, they can put a lot of effort into not seeing the obvious flaws.