10 sats \ 7 replies \ @TheBTCManual 4 Oct 2023 \ on: Today 100 sats = 1฿ bitcoin
cent sat parity comes for us all, lol we had it here in South Africa during the last run up to 69k now it only needs to hit 52k to reach that point again, plenty of global south currencies are already there and the last few are getting there very soon, so whats the excuse to not use it as a unit of account?
Governments absolutely love printing themselves out of trouble.
I've BIG hopes for Africa in many ways.
A bit of a fiat tangent: am I right thinking that when governance was handed over to Mandela the previous administration had left with all the money?
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Of course, the previous admin pocketed their fair share, but they already had major business interests and now that they could engage in international markets, they also expanded operations across Africa, and that's why the minority still hold 70% of the assets in South Africa
The current one just feels like they can pillage under the guise of transformation, I personally don't see a big difference between the two just that the previous one had focused on infrastructure while this one just focuses on social issues
The Rand since its launch in 61 the Zar was US$1.40 each, today it's US$0.05,
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How's the adoption there?
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Some of the highest per capita in the world but unfortunately the vast majority are leaving it on exchanges to get rekt, using custodial wallets or using some trading desk, it is growing and people are starting to take self custody but it's not nearly enough
A lot of people are still trying to trade it, while others are just using it when they max the amount they can take offshore through other asset classes
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Africa stuff always hits me in the feels.
Anita's doing some great stuff over there; however are there any other names/organizations that we should know about too?
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Anita is the African movement, There is Bitcoin lady in Botswana, Bitcoin Ekasi in Mossel Bay South Africa, and smaller movements like, Bitcoin Ubuntu in Swellendam, Bitcoin Witsand also South Africa, and a few others trying to create circular economies
I've seen a few in Nigeria and Ghana but nothing that's really got much traction yet.
There are a few South African companies who have started to put Bitcoin on their balance sheets too, in the tech sector, while I'm hearing rumours that 2 publicly listed companies in the country are also going to do it but they're keeping it hush while regulation is still up in the air
I think what the gridless guys are doing in Kenya and Uganda is definitely something to watch.
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Many thanks.
I'll have to look these up and bookmark them (and yourselves).
With Africa so vast I'm sure there's a great need for a lot more.
BTW I was just trying to download a version of your ebook on your website, but there seemed to be a problem.
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