pull down to refresh

With the Central African Republic in the crosshairs of bitcoiners, I recommend everyone watch Mads Brügger's documentary on corruption in the country.player.vimeo.com/video/157405874
235 sats \ 10 comments \ @stick 27 Apr 2022 bitcoin
write
preview
related posts
51 sats \ 0 replies \ @TheBTCManual 27 Apr 2022
Not discounting the corruption in CAR but as an African myself, all the countries are pretty much the same, so you're going to get that wherever you go on the continent.
reply
5 sats \ 4 replies \ @Majjin 27 Apr 2022
The news concerning CAR adoption of Bitcion and shitcoins seems to be a little mixed/confused. I'm going to err on the side of skepticism and caution and assume its just legislation to regulate digital assets like we've been seeing in other countries over the past year. I have my doubts that its a legal tender law a la El Salvador.
reply
10 sats \ 3 replies \ @shyfire 27 Apr 2022
Yes, I'm on the same page. I doubt they really know what bitcoin even is.
reply
0 sats \ 2 replies \ @shyfire 27 Apr 2022
Update: it sounds like they know exactly what Bitcoin is and that the president has chosen Bitcoin, not crypto.
reply
0 sats \ 1 reply \ @shyfire 27 Apr 2022
Yep, here's the President himself https://nitter.net/FA_Touadera/status/1519360822853926914
reply
0 sats \ 0 replies \ @nout 27 Apr 2022
In the description of the profile it says that it's maintained by his media team...
reply
0 sats \ 2 replies \ @nout 27 Apr 2022
Does the current president/government look more reasonable, or is Bitcoin tender just a marketing stunt?
I have no background on African countries, so I'll definitely have to read up on this.
reply
21 sats \ 1 reply \ @KenyaCoin 27 Apr 2022
This article describes it well:
In 2013, the country plunged into a civil war that developed largely along sectarian lines.
The conflict eased after France intervened militarily and elections were held that were won by Touadera, although for years armed groups held sway over most of the CAR's territory.
In 2020, a coalition of rebels advanced on the capital Bangui, threatening to overturn Touadera as new elections loomed.
Russia dispatched paramilitaries to help repel the threat and then recover much of the rebel-held territory.
Central African Republic adopts bitcoin as legal currency https://news.yahoo.com/central-african-republic-adopts-bitcoin-130907404.html
reply
0 sats \ 0 replies \ @KenyaCoin 27 Apr 2022
It's coup season in Africa, and much of the world:
Issue #1190: The Global Spring is upon us | Marty's Bent #18606 https://tftc.io/martys-bent/issue-1190-the-global-spring-is-upon-us/
Maybe holding the private keys for bitcoin held by the nation's bitcoin in their treasury lessens the likelihood of being forced out, and if not, at least helps to ensure that if there is a change it power, it would be so without violence and the holder(s) of the keys might even be able to negotiate terms that keep some of it. Think of this being in contrast to the Afghanistan president who, allegedly, had too many bags of cash for the helicopter flight when fleeing the country, and had to leave some behind.
reply
0 sats \ 0 replies \ @Lumor 27 Apr 2022 freebie
Mads Brügger's work on North Korea and the European NK fan clubs are such works of art. Thanks for posting this one @stick! Haven't seen it before.