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RE: Nigeria – the future crypto hub of Africa – once they ditch the reputation as internet fraud central
Interesting to see the growth despite the past issues. This also shows the great potential that Steem could have there given the freelancing although thr concern for scams may be a deterrent. We have a great Steemian, @nonsowrites, that can also given some perspective as I think he falls in that sector of youth searching for opportunities.
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Nice article. Although a lot of emphasis being placed on bitcoin. I don't think bitcoin is the coin for an average Nigeria. It is too expensive and offers little utility. If cryptocurrency has a chance in Nigeria it would be through Altcoin. Personally, I'm not so thrilled by the prospects of bitcoin. It's all speculations to me. Steem as a blockchain offers more utility and given the right exposure can achieve better things.
Secondly, he mentioned something key which I might highlight in my next video which is the emergence of bitcoin and Ponzi schemes, which happened around the same time. And given the negative impact Ponzi schemes had in Nigeria, I understand why many are reluctant to try cryptocurrency. A lot of people still think bitcoin is a Ponzi scheme. A lot of misconceptions. And honestly, it would take some time to address. Which leaves room for a few players like myself.
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