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Should We be investing Digital currency? Pro & Cons
7 Comments-
@arianerandolph– your thoughts?
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Maakye! I am very aware of this “project”. I will do a detailed response. The short answer is that this coin is an “alt-coin” – meaning alternative to Bitcoin. {Think in terms of how the us dollar is to the rest of the world}. Based on the “project” being an alt coin, it will have to have “a lot of” “functional use”. Research the “actual”, “functional” use is where I need to dig, but it is not hard. Really, let me research the “use-case” and I will share my thoughts on if I think is just sounds good or if it has real transformation power. Meda Ase for wanting my thoughts.
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@ptahherura Absolutely the Chinese and Russians are heavily invested in developing there own Cryptocurrency to eliminate the dollar as the worlds reserve currency. Imagine all the barriers Afrikan can cross if we did the same. We wouldn’t have to rely on all the painstakingly slow movements of central banks to foot the work, and AFROCOM financial strongman would be neutralized. The key would be to link a valuation of the digital currency to the naturally superior wealth of the continent.
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This Part!!!!! This is it right here ❤️🖤💚✊🏾
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Meda Ase for posing the question. We should definitely, without a doubt be investing in Digital Currency. However, I think it is a bit pre-mature for this project. As I write, I am going to do a presentation to host here Exclusive for Abibitumi, on why I know that Digital Currency is a space where we need to be!
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Meda ase pa for the feedback @arianerandolph. Definitely let us know when your Abibitumi Presentation will be.
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I think the key is what will the “mining process be” bitcoin uses advanced algorithms to mine the coin. There to a point now where basically only a computer can solve the code . What resource digital or otherwise can Afrikans control the most? This would be the key to having our own crypto.
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