I requested from the cashier a 1ForYou voucher (she knew exactly what it was) and I bought 4 vouchers (R3 - R5 each) with small change from my back pocket.
Moments later I walked out.
Back at home, I opened my web browser, and navigated to:
And then entered the 16-digit voucher pin number into the four boxes on the @Azteco_ website.
The site loaded a #LightningNetwork voucher with a QR code, which I scanned with my wallet and a few moments later a few hundred #sats were deposited into my wallet.
Because now anyone anywhere in #SouthAfrica can buy #Bitcoin (with any small amount of cash) and start saving whatever wealth they may have for the future in a sound form of money designed to hold its value and not suffer relentless inflation.
"Given that #cryptocurrencies don’t produce anything of material value..."
Since our launch we've received many small donations in #Bitcoin via the #LightningNetwork. Most worth less than a $5 a piece.
In doing so, we've transformed the funding mechanism available to @the_surfer_kids by enabling small, direct and permission-less donations from outside #SouthAfrican borders.
This was entirely impossible before with traditional payment networks, for a variety of reasons.
More knowledgeable authors (like @gladstein) have written about this at great length.
Well, to be perfectly honest, it's not very technical. Not at all.
We risk embarrassing ourselves by describing it, but fortunately we're all here to learn.
So let's dive in!
🧵 👇
First off, as the co-founder of both this project and it's parent organization, @the_surfer_kids, my #Bitcoin education is pretty much comprised of reading @BitcoinMagazine since mid 2013. But I've never been super technical.
My personal interest has always been human-nature.