RE: The Scarcity Of Crypto Outlets In Africa
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Another wonderful discussion, we definitely need more web 3.0 outlets that can onboard and teach people about crypto. The new era is about self custody and being responsible for your own funds, banks are just like parasites. I remember back in 2016 I saw a face book post about steem so I created an account and didn't save the keys properly then in 2017, I started seeing posts about it and that's how I created this account. Now I have learnt so much more about bitcoin and crypto in general.
On boarding people on hive is a challenge because people always tell me most things online are a scam. There are people who are sure bitcoin is a scam and a way to lose money. They so trust the banks, its a pity. If they just knew how the fractional reserve system really works they'd go insane.
However, its not all doom and gloom as many people have woken up to crypto especially the younger generation. And the good thing is that its growing. On binance and paxful very many young people are selling and buying cryptos with their phones, making a living with peer to peer trading.
Anyways, thank you bros for sharing and I wish you an amazing new week ahead as we tackle April. Stay blessed :}
Like you've said, it's not all gloom and doom anymore because people are actually waking up to know and understand what crypto is. I think a few people would wake up in the future and discover how amazing crypto is and begin to wish they'd known about it earlier. In Africa, a lot of course might miss out on early adoption, but I think they'll eventually become late adopters. Look at Hive, we're just three years and so much potential already. Imagine in 10 years time. Needless to say, crypto needs more Outlets in Africa, I think hive is already an amazing outlet, but we need more just like I pointed out in the video.
Thanks for the brilliant comment and always coming to support us at all time.
The challenge we face in Africa is sharing crypto and how it is perceived by the majority, am much as Africa is doing fairly well in adoption rate it still has a majority that believes crypto is a scam or anything hosted on the internet for that matter.
I had a chat with a colleague last year and he could swear Bitcoin is a scam and such a person is very difficult to pass the crypto message across to.
There are some positives as you mentioned, some of the younger generations are waking up to crypto and embracing it and that is what we need.
Enjoy the new week and month bro, many thanks.
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