Replying to Avatar Lyn Alden

In Nigeria, banks were blocked from sending bitcoin to exchanges for three years but people went around that en masse.

In Egypt, black market physical dollars have a lot of legal issues, but people regularly use them anyway.

In Egypt there's a weak bitcoin ban in place but people could go around it since it's hard to enforce. Most people don't though. Appreciation for bitcoin or even stablecoins isn't very widespread there yet, although if the currency keeps deteriorating in the coming years that might change.
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Reverend Hodl 1y ago

Wow this is disappointing news for Egyptians. At 1% / day, savings will be wiped in a little more than 3 months. Venezuela and Argentina showed the way, preserve wealth with savings technology. You'd think this was a no-brainer but maybe I'm too close to #Bitcoin. The fear of further loss by savers is causing psyco-sclerosis and they are missing a solution that could make all the difference.

The next Egyptian spring could be a monetary revolt if savers banned together.

#FreedomTech - come on frens, you can do this.

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elsat 1y ago

Imagine if a sound thinking cleric proclaimed 🌽 as halal.

nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak discusses this topic with a few Islamic finance guests

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Reverend Hodl 1y ago

🔥🗣️

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Ava 1y ago

Oui ou non