Oddbean new post about login | logout Hows 🌽 adoption there?
Way lower than surrounding African countries
Why
Idk really
@ray tell us bro
Il est bien un bitcoiner @ray fait un excellent travail sur l'Afrique... Continent très complexe à comprendre sur la dimension géopolitique, stratégique entre États sans oublier cette mainmise étrangère en plus de courants bien ancrés qui datent bien avant mathusalem qui se transmettent de génération en génération en toute résilience
Because bitcoin is officially banned. Of course this does not mean that NOBODY is using it.
Yeah that's sadly the case. I go there every year. Even stablecoins lack much adoption there.
isn't Bitcoin banned in Egypt on a federal level?
Ooff. Bitcoin, a system not based on a usury system, is Fatwa’d in 2018. https://english.ahram.org.eg/NewsContent/3/12/286399/Business/Economy/Bitcoin-trading-is-unlawful-pursuant-to-Islamic-Sh.aspx I wonder if the grand mufti is keeping in mind what happened to Ghadafi after his gold standard pursuit.
Au Maroc qui est bien un pays musulman cherifien le Bitcoin se développe petit à petit... Sachez qu'en Afrique tout comme l'Asie du Sud Est Ouest le système est largement P2P depuis des siècles et dans certaines zones à jour le troc existe encore.. Vous avez beau être riche un pauvre peut vous inviter sous son toit, puis partager sa gamelle etc... Idem que dans certains d'Amérique du Sud ou Centrale... Ils sont besoins d'in fractures (santé, électricités routes..) Ce que Xi a bien compris, en s'octroyant toutes les zones stratégiques et fait fonctionner tamis pour nourrir son peuple.
In Nigeria, banks were blocked from sending bitcoin to exchanges for three years but people went around that en masse. In Egypt, black market physical dollars have a lot of legal issues, but people regularly use them anyway. In Egypt there's a weak bitcoin ban in place but people could go around it since it's hard to enforce. Most people don't though. Appreciation for bitcoin or even stablecoins isn't very widespread there yet, although if the currency keeps deteriorating in the coming years that might change.
Wow this is disappointing news for Egyptians. At 1% / day, savings will be wiped in a little more than 3 months. Venezuela and Argentina showed the way, preserve wealth with savings technology. You'd think this was a no-brainer but maybe I'm too close to #Bitcoin. The fear of further loss by savers is causing psyco-sclerosis and they are missing a solution that could make all the difference. The next Egyptian spring could be a monetary revolt if savers banned together. #FreedomTech - come on frens, you can do this.
Imagine if a sound thinking cleric proclaimed 🌽 as halal. @saifedean discusses this topic with a few Islamic finance guests
🔥🗣️
If I remember currently Bitcoin is officially prohibited