Fair points. Is this consistent over all of Africa given the many countries and geographical differences as it is a vast continent?
I’m not sure how it plays out in Africa but bitcoin is open and permissionless in nature the small minority of a minority could expand quite rapidly over a few decades no?
The beauty about Africa is that we are all the same. Different skin colors sure but the mentality is similar all around.
Before banking the Unbanked, you need to Educate the Uneducated. Don't forget that a big chunk of Africa is illiterate too. So in order for this to work there needs to be a HUGE UNITED movement led by Africans designed to educate the masses.
Africans have trust issues. BTC is scary to most because most are not tech savvy either. They are scared to get hacked and lose it, which makes banks more appealing.
In my country BTC is banned 100%. But I know for a fact that ALL the elite people and their kids have it. So it's basically banned for the average Joe. To get BTC is hard. To use it inside the country? IMPOSSIBLE!
Could it expand over a few decades? Good question! Possible! IF there is a real movement NOW. Stronger than what's happening. I know #[3] ha appointed some kids to do some things down there but it's not enough. You need a really good strategy and a strong team lead by Africans. That's what I think.
