Building a #Bitcoin economy in a #SouthAfrican #township - In cooperation with @the_surfer_kids - @vryfokkenou - @Unravelsurf - Inspired by @BitcoinBeach
Dec 8, 2022 • 6 tweets • 2 min read
Here's the reality:
Today I attended the opening of a new #Bitcoin education center in Kumasi, Ghana, in rural #Africa.
The village chief spoke during the formalities and he expressed some unexpected skepticism towards the opening of the new center.
He said, and I'm paraphrasing:
"Bitcoin can be good, but it can be dangerous. Bitcoin can be a scam. A business collapsed and people lost millions of dollars. I am not sure you should teach our children about Bitcoin here."
To buy as little as R3 ($0.20) worth of Bitcoin. Which is nuts🤯👇
I went to @CheckersSA but could've gone to any of the #SouthAfrican stores listed below.
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.
"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.
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.
