Bitcoin Ekasi is a bitcoin round economic system in South Africa. It’s one in every of dozens of bitcoin round economies world wide inspiring grassroots actions driving the adoption of bitcoin in Asia, Africa, Latin America.
The success of Bitcoin Ekasi is instantly accountable for South Africa’s largest grocery store chain Choose n Pay integrating bitcoin funds all through the nation.
It is a tweet from Bitcoin Ekasi at present,
This is the truth:
As we speak I attended the opening of a brand new Bitcoin schooling heart in Kumasi, Ghana, in rural Africa.
The village chief spoke in the course of the formalities and he expressed some sudden skepticism in direction of the opening of the brand new heart.
He mentioned, and I am paraphrasing:
“Bitcoin may be good, however it may be harmful. Bitcoin generally is a rip-off. A enterprise collapsed and folks misplaced thousands and thousands of {dollars}. I’m not positive it is best to train our youngsters about Bitcoin right here.”
After all, the fundamentals of Bitcoin to be taught at this heart has nothing to do with the FTX on line casino and its crypto delinquency.
However that is the truth of its after results.
That is the unseen and largely unrecognized impact of limitless tokens using on Bitcoin’s coattails.
I problem anybody who argues towards Bitcoin Maximalism to step outdoors their techno bubble.
Step outdoors that place the place a small minority of earth’s folks reside, with a talent that takes years to accumulate underneath one of the best of circumstances, which permits nuanced differentiation.
Make a journey all the way down to floor degree, come see what’s being constructed, and spend time to grasp it.
After which inform me Bitcoin Maximalism would not make sense.
I’m ready.
The proliferation of limitless centralized premine, ICO shitcoins printed out of skinny air by silicon valley begin ups hiding behind bitcoin to flee from silicon valley laws and those that assist and allow shitcoin casinos are contributing to the confusion. The normalizing of affinity scam marketing and exploitation by firms and VC behind shitcoins is a scourge on bitcoin.
There is no firm behind bitcoin. No basis, premine, ICO, VC, license, logos, not even an “official” web site, code repo or perhaps a formal specification. There are solely bitcoiners. If you happen to suppose bitcoiners who name out and struggle again towards advertising of scams within the title of bitcoin are poisonous, ask your self what does that say about you?
When you consider bitcoin, take into consideration this message from Hal Finney,
“The pc can be utilized as a device to liberate and defend folks, slightly than to manage them. Not like the world of at present, the place persons are kind of on the mercy of credit score companies, giant companies, and governments.
Naturally, in at present’s society, with energy allotted so disproportionately, such concepts are a risk to giant organizations. Balancing energy would imply a internet lack of energy for them. So no establishment goes to choose up and champion these concepts.
It will must be a grass-roots exercise, one wherein people first study of how a lot energy they will have, after which demand it.”
― Hal Finney, The Cypherpunks Mailing Record (1992)
Bitcoin is a human mission constructed and formed by folks such as you and me. Bitcoin’s success originates from grassroots actions like Bitcoin Ekasi empowering folks and communities who by no means had entry to the worldwide economic system till now. Even if you’re not somebody who’s positively making a distinction to bitcoin, not less than you may attempt to not be disruptive to people who find themselves the true heroes of this motion.
