This article of course made me wonder about the current state of bitcoin usage in Nigeria. I know stablecoins are used there a lot also. During the bear market there was a large community conducting business in bitcoin. I haven't checked the current rates, but bitcoin must be at least close to an all-time high against the naira. Anyone on the ground in Nigeria who can share some insights?
209 sats \ 0 replies \ @jasonb 21 Feb
This is horrible. ...praying for the people of Nigeria.
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209 sats \ 0 replies \ @hasherstacker 21 Feb
Bitcoin fixes this problem
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209 sats \ 1 reply \ @erict875 21 Feb
According to CMC, it is going parabolic at the moment. ATH big time!
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21 sats \ 0 replies \ @siggy47 OP 21 Feb
There have been so many interesting developments in Nigeria the past few years.
CBDC failure:
https://business.cornell.edu/hub/2023/04/28/nigerias-enaira-cbdc-what-went-wrong/
2021 bitcoin terrifies the government:
https://www.theguardian.com/technology/2021/jul/31/out-of-control-and-rising-why-bitcoin-has-nigerias-government-in-a-panic
I really would love to know what's going on right now.
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188 sats \ 0 replies \ @gmd 21 Feb
Scary... the inflation here pisses me off so much. I can't imagine dealing with those levels. Why even show up to work... 😢
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188 sats \ 1 reply \ @TNStacker 21 Feb
Nigeria, and others, are forced to early adopt!
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209 sats \ 0 replies \ @joda 21 Feb
Or they use stablecoins
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