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0 sats \ 1 reply \ @Sasquatch 22 Dec 2023 \ on: Bitcoin in Africa with Femi Longe bitcoin
This is must watch. I will be sharing this widely. As someone with family in Africa, Bitcoin gives me some hope that the colonization of fiat can be overcome.
Highly recommend the BEMA podcast. It gives translation a whole other level. I started from Episode 1.
I like the NET because of it's translation notes. They give you a glimpse into what goes into the decision to render words one way or another.
I have been thinking about this for a while and I like the book idea as a backup. The book itself needs to be something that is not going to attract attention. Religious texts and books that are political in nature could get attention travelling in some areas. So I thought that a puzzle book (crossword game) could be used in some fashion.
I am also over 50, but thankfully I have some skills. I agree that it's a big challenge, however it's older people that have had the years mining fiat and have managed to keep a little of it. I have another family member that I orange pilled back in 2020, and he's closing in on 80. He had quite a bit more BTC than I did until he panicked when the market dropped earlier this year. That's another story. I have had to help him recover his funds on multiple occasions! For which I was rewarded. This is where I think services like Nunchuk are quite valuable.
As for the young, Bitcoin might be the agonist, or Shibboleth that separates them from the lost youth of the blue hair pronoun generation. Rather than pronouns in their bio they have a wallet address, or LNURL. Rant over...
That's an interesting question. I think it is in part that she is a pretty adventurous type. Also persistence on my part too. A couple of her other siblings have expressed interest, but are more cautious.
I think it's a good self custody wallet that offers multiple account types and available on IOS. The interface is clean and simple too.
I have thought about this, and have some family that struggle with this too. They do not custody. I think writing down the seed on the page of a favorite book is one way to go, with obvious risks, and using multisig with a seed going to a trusted third party.
I can sort of relate to that. I have some various alt's that I have sitting in various wallets, and some on side chains of ETH. In some cases I might I have $100 worth that I now want to flip to BTC. However, the transaction costs on ETH are so high that it makes no sense to move them now. I have to find a various ways to use these scraps. One way I found is that I was able to swap p2p for BTC. Huge win! So trx fee's to send are not nearly as high as to interact with defi.
So, applying this logic of the BTC fee problem that is possible in some future universe...
I can imagine having a wallet with say a 1mil sats, and let's say the fee would amount to 30% of the value. In this case you could give the wallet seed in exchange for some other value proposition. Or recover the seed in another wallet as a mode of transfer. Boom!