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Crypto offers Africans a ‘lifeline’ from inflation and corruption, say execs

Chris Maurice, founder and CEO of Yellow Card, Africa’s largest cryptocurrency exchange, says crypto in Africa “is growing at the speed of light” because it allows many Africans to escape from the traditional financial system’s failures and transact more freely.

Syrup ,

Just what we need- crypto bros with a white savior complex

krackalot ,

This just is, foxes will protect your chickens if you leave the gates open says business man I. R. Fox.

poVoq ,
@poVoq@slrpnk.net avatar

This is complete BS. In reality crypto enables corruption on a scale unseen before.

tardigrada OP ,

@poVoq @Supercell

Complementary currencies have been in place for thousands of years in human history, and it was largely for the benefit of the societies and their individuals, for crisis development, transitional economies and/or commons-based communities.

Blockchain is a great tool for this kind of money. Saying something like the whole of the crypto world is a scam is a gross generalization that has nothing to do with reality, as much as fiat money isn't a scam because of the corruption, scandals and crises we have been experiencing in the fiat system.

If you want to bribe a person or something, then the least thing you need is a decentralized network like a blockchain where all the data is stored across the network on all nodes. Crypto "enables corruption on a scale unseen before" ?THIS is BS.

marx2k ,

But... also true. Are you suggesting that rypto doesn't make corruption much, much easier?

jherazob ,
@jherazob@beehaw.org avatar

You're ignoring the last few years of the crypto space, it's all crooks taking advantage of idealists and the clueless, over and over and over and damn fucking over again, and now they got you

fulano ,

As interesting as the technology is, it was extremely overhyped and attracted the worst kind of people, who only wanted to gret rich quick".

The amount of crypto projects today is absurd. The scalability problems aren’t solved yet, but people keep pushing their “revolutionary” coins.

We reached a state where even technology enthusiasts and the ones who like the idea of decentralized money became weary of the blockchain environment.

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