Security is extremely important when it comes to Bitcoin. Always getting the latest updates on software, observing best practices in regards to cyber security and having your pulse on any emerging threats via credible sources is of vital importance.
The new normal has disenfranchised million across the globe due to COVID19 lockdown regulations thus loss of work and business closures. Entire industries will be forever changed with technological advancements as well as remote work set to utilize less human capital to produce the same if not superior products and services.
Know Your Customer (KYC) and Anti Money Laundering (AML) are regulations imposed by governments that require businesses with a banking relationship to have in order to verify your identity.
Protecting your Bitcoin is of vital importance. Bitcoin wallets enable you to be your own bank by self-custody of your Bitcoin. Online wallets are also known as Hot wallets as they are more susceptible to being hacked.
As sure as the sun rises in the east and sets in the west, every African as with all living beings will die one day. African youth and young adults think that that day is far away not withstanding all the challenges they disproportionately have to face to simply survive on a day to day basis compared to their age mates in other continents.
Exchanges are fiat currency on-off-ramps to cryptocurrency. They make it possible to buy / sell crypto currency for fiat currency. If you are not at the table in Bitcoin you are on the fiat currencies menu, as the printers go Brrr inflation is eating you alive.
Africa’s central and commercial banks are engaging in active misinformation as well as disinformation to manipulate millions on Africans to solely relying on their services.
Most Africans are not aware that a fiat currency (Cash) ‘deposit’ to a commercial bank is in fact an unsecured loan to the commercial bank. To add insult to injury, the commercial bank solely dictates the terms of the loan they are giving rendering them at a great disadvantage as they are not even guaranteed to get their ‘deposit’ back in full.
Pontificating about new ‘projects’ is the disingenuous and frankly disgusting approach most original Bitcoin content creators have willingly taken. Bombarding Africa with useless news from thousands of Shitcoins which does absolutely nothing to financially empower them is a waste of their time.