Happy Tuesday African Bitcoiner,
Have you ever tried to educate someone about Bitcoin but were hit with a response like “But it uses too much energy” or “It’s just a ponzi scheme”? We’ve all experienced this so we’ve put together a little guide to try and help people through these barriers. Please check out “Top 10 Bitcoin Misconceptions Explained” and let us know if you think we’ve got them right.
More details below:
Explaining the Top 10 Bitcoin Misconceptions
Africa Free Routing Weekly Stats
African Bitcoiner Jobs
African Bitcoin Meetups
Watchlist Recommendation
Get Featured
Let’s go 📥
As Bitcoin continues to make headlines and captivate the world’s attention, it’s important to separate fact from fiction. Our team has meticulously crafted an engaging and informative resource, debunking the most prevalent misconceptions that have plagued Bitcoin’s reputation. We’re excited to share this treasure trove of knowledge with you, empowering you to navigate the Bitcoin space confidently.
We’ve packed our “Top 10 Bitcoin Misconceptions” page with fascinating facts, real-life examples, and expert opinions to dispel the myths that often cloud the world of cryptocurrency. It’s time to enhance your understanding of Bitcoin and separate fact from fiction.
Here are some interesting news from the African Bitcoin space:
1. 3 Countries Changes IMF’s Stance On Bitcoin
The International Monetary Fund (IMF) has recently acknowledged that prohibitionism may not be effective in the long run when addressing Bitcoin. Countries like El Salvador, Georgia, and Nigeria have influenced this new perspective, with El Salvador gaining attention for its Bitcoin Law and developing renewable energy-based bitcoin mining facilities. Georgia is also taking steps to grow its crypto strategy, despite being a small country like El Salvador. and Nigeria leading in Bitcoin adoption in Africa despite its government taking different steps around this reality and even tried to ban it. Read more.
2. Report: Zimbabwe Central Bank Begins Gold-Backed Digital Currency ‘Dry Run’
The Reserve Bank of Zimbabwe is launching a “dry run” test to test the feasibility of issuing a gold-backed digital currency as a payment method. The digital currency will be accepted as legal tender for peer-to-peer transactions and will help Zimbabwe diminish its insatiable demand for the greenback. We believe that Bitcoin is still the safest bet for countries seeking to reduce their dependence on foreign currencies. due to its transparency, scarcity, and global nature. Read more.
3. Egyptian Pound Latest African Currency to Slump to Record Low Versus US Dollar
The Egyptian pound has depreciated to a record low against the US dollar this is due to the loan Egypt is seeking from the International Monetary Fund (IMF) to address energy and food shocks from the Ukraine-Russia conflict. The IMF is demanding a “more flexible exchange rate” and Egypt is expected to accede to its demands. With Bitcoin, Egypt can reduce its reliance on the dollar and establish a sovereign, decentralized, transparent, and stable financial system. Bitcoin could also protect Egypt against the opportunistic demands often made by institutions like the IMF in such situations. Read More.
Here are the latest stats for the Lightning Network in Africa:
Active Nodes: 54 [0%]
Total Capacity: 1,089,800,749 sats [2.6%🚀]
Total Channels: 390 [0.8%🔻]
Top 5 Lightnng Nodes in Africa
| Nodes | Total Capacity | Topic Channels |
|---|---|---|
|
333,743,121 sats [4%🚀] |
67 [3%🚀] |
|
|
219,020,340 sats [1%🔻] |
42 [0%] |
|
|
142,081,592 sats [1%🔻] |
47 [0%] |
|
|
121,505,000 sats [2%🔻] |
50 [2%🔻] |
|
|
54,528,922 sats [22%🚀] |
26 [8%🚀] |
These weekly stats are brought to you by Africa Free Routing, Africa’s fastest and most reliable lightning node network. Visit their site to get connected to the lightning network.
Available Bitcoin Jobs:
1. Community Manager
Are you a talented writer and social media maven? We’re looking for a Community Manager to join our team! If you’re passionate about creating engaging content, building a community, and working with minimal supervision, then we want to hear from you. As long as you were born or raised in Africa and currently living anywhere on the continent, you’re eligible to apply.
2. Junior PHP Coder
Are you a promising young coder looking for an exciting opportunity to showcase your skills, work hard, and grow rapidly in your career? Look no further! We are looking for a motivated and talented Junior PHP coder to join our dynamic team. If you’re self-motivated, highly organized, and able to work remotely with minimal supervision, then we want to hear from you.
Check out our Bitcoiner Jobs page to see more exciting opportunities in the African Bitcoin space.
Bitcoin meetup we are excited about:
1. Growing the Lighting Network in Africa: A monthly discussion for node runners and novices to help start and optimize their African lightning experience.
Every 3rd Thursday of the month, we are dedicated to bringing you informative webinars on running a Bitcoin node in Africa, and July 20th is no exception. Join us for yet another captivating and enlightening webinar featuring Megasley, Africa’s trailblazing node runner. Engage in an exploration of the cutting-edge trends, strategies, and invaluable industry insights that will empower your business to soar to unprecedented heights. Secure your spot by registering now.
2. Bitcoin For Her: Bitcoin for Her: an online community empowering African women with Bitcoin
Make sure to mark your calendars and set a reminder on your Twitter account! You’re cordially invited to join our upcoming “Bitcoin for Her” Twitter space on the 17th of July at 2pm UTC. This is your chance to dive into the Bitcoin revolution, acquire valuable knowledge, and connect with a vibrant community of like-minded women. It’s an event you won’t want to miss!
The “Bitcoin for Her” space will be a recurring event held every last Friday of the month. So, prepare yourself for ongoing opportunities to engage, learn, and grow within this empowering community.
3. Bitcoin Meetup in Stellenbosch
Join the thrilling discussing of all things Bitcoin every first Thursday of the month at Vendetta’s Pizzeria, Hamman Street. Whether you’re a beginner or a seasoned pro, everyone is welcome to come and learn. There will also be a chance to network with other Bitcoin enthusiasts in the area. More details.
4. Bitcoin Cape Town Monthly Meetup
Every first Thursday of the month, Cape Town comes alive with the Cape Town Bitcoin Social Meetup! Join us on Thursday, 17th July 2023, for the next gathering at the brand-new venue, Square Café & Wine Bar at the Century City Hotel Urban Square. This monthly event is the perfect opportunity for Bitcoin enthusiasts to come together and connect. More details.
5. African Bitcoin Conference 2023
Get ready to mark your calendars! The highly anticipated Africa Bitcoin Conference is returning, bigger and better than ever before. Join us in Accra, Ghana from December 1-3, 2023, as we come together to explore the vital role of Bitcoin in the pursuit of freedom. Don’t miss out on this transformative event!. See more.
Have you ever wondered who controls the CFA franc and why it experienced a sudden 50% devaluation in 1994? Prepare to delve into the depths of history and uncover the answers. Join Fodé Diop, a brilliant software engineer and the visionary founder of Bitcoin Developers Academy, who will be our guide on this enthralling journey.
Get Bitcoin Savvy!
Are you excited to separate fact from fiction? Don’t miss the opportunity to dispel Bitcoin misconceptions and unlock the truth that will reshape your perception of the world’s leading cryptocurrency. Embrace the future of finance and discover how Bitcoin can revolutionize your life!
Thank you for your continued support and trust. We look forward to embarking on this exciting chapter with you!
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