I’m unsure how accurate this is. If it is accurate and organised criminals are using BTC then it is a stupid move because at some point it will have to be exchanged for cash. Also if their IP address is being monitored then it shouldn’t be too difficult to link transactions to ip addresses if that happens then there is evidence against them.
So I say nothing should be done to stop criminals using the network, my opinion is that they are incriminating themselves by doing so.
It looks like it’s starting to spread. This is very good news. good for them.
Now we will see more investment in computing and internet in many of the remote areas of Central African Republic.
What is interesting is that there is now a trend that countries who are in debt seem to be leading the way, we have El Salvador who has $21.97 billion debt and Central African Republic who has $1.09 Billion debt. It would be interesting to know if Satoshi predicted it would start this way, interesting stuff.
Surely nobody ever told them “Here, have this smartphone with internet free forever to use, so you can use bitcoin”.
How could anyone missed that…
Ah, and Vagner group of course involved in coutry already behaving like always…
Yes, I see where this is coming.
There is nothing good going on there.
So the ones to lead are those bad at economics? Sounds a bit ackward, but I get the idea.
Guise! Guise! +363,91 (1,32%) Bitcoin is profitable today, less than bonds lol, but if you invested last year you would make a dank 1,32 percent profit. Well, if you are on an exchange they charge you a bit and then pay income taxes. But hey, at least you aren’t bleeding money. You can counter this by saying fiat devaluated so literally thanks to that, you lost less money this year.
You bitcoiners are fools. The real money is going to be made in the imminent surge in cowrie shell prices. Cowries are true money. Period.
lol, it’s printed by someone in charge of finance in a government, then it’s loaned to poor people and doubled or tripled, then it’s said to have value and you want to call it real money.
Ok, feel free to tell me your idea for helping Central African Republic provide computing and internet to their populace. You probably don’t have any idea or theory on how poor people in the world work their way out of poverty.
Considering a country can purchase lots of ASIC’s it is a logical decision to adopt a currency that can be “generated” with a process that nobody can tamper with.
I don’t think the people in CAR want to be given money all the time, they want to work for it. All we’re really talking about is lots of internet cafes with a satellite internet, once this is provided we could see some good trade and lots of wealth generating and businesses being set up due to the introduction of internet.
So not only is BTC a currency and money transfer network it seems to be becoming a sort of “catalyst for good changes” if this is accurate then the fact that it’s value fluctuates a lot might be something investors must accept.
For example, I just saw BTC lose about £1k value and then increase by £500 in the last 24 hours, this might have been due to a big investor cashing out of Bitcoin. BTC seems to be strengthening, the price is recovering faster after a sudden drop, so if BTC is a catalyst for good changes then we must accept it’s massive fluctuations which are due to supply and demand.
I investigated the coolest dictator and it turned out very bad.
I guess you want me to explain how the emperor of the Central African Republic is doing ‘good’ for it’s people? I will tell you that to quell the rebellion I will provide him with low cost devices. Because I am evil, you… probably not, just very strange how you assume the tracking of those people will be a significant better situation for the ‘poor people’. I have not checked but I bet the people in the circle of the Emperor will benefit from it, then you get a small part and you are fine, you did not get your hands dirty unlike me.
If you would actually be interested in why prices go up on your investment vehicle, the emperor and his family are loosing money due to the pandemic. So in your mind they choose to make everyone rich, I would argument they see it as a get back rich quick scheme.
Like I said with El Salvador, we will observe and report. I hope the poor will get rich, but I doubt your very positive view on things. Hey, it can’t hurt too much, as they have suffered a severe economical disaster due to the pandemic. So even if they would invest in AedaxusCoinShredder they would have a better situation the following years.
I don’t think Satishi or anyone would publish any prediction like “my system will be popular with dictators first, then when the other countries see they no longer have to stay in line, worldwide peace will follow.” as this would be laughable. Although he might win a price as he succesfully made a strategical move that will make sure no dictatorship in the world will be in check. I guess the logical deduction we can make is that universal peace and richness for the poor will follow soon™ . Right?
I dont, I hope the poor get an opportunity to work their way out of poverty.
May I ask, A country adopts BTC, why does it have to be about them becoming rich in your perspective? Why can’t it just be about having a currency that is worth something and not controlled by governments?
Just because a handful of people became rich from BTC it doesn’t mean everyone who copies them will. You’ve been fooled by the illusion that BTC is only something that can make one rich when in reality it is just a currency that can be generated, and a money transfer network. The actual BTC has a value based on supply and demand.
Many of us actually know history, is it possible the problems the country now face is due to the french occupying the country and forcing it’s population to hunt for ivory, animal skins and rubber from 1890 to around 1960? CAR is what it is today due to Colonization and human rights abuses by the french and other european countries.
Here is a small history lesson for you before we continue discussion:
lets make an effort to understand what we’re dealing with.
Their money, it’s creation and interest rate is managed by France. The world will need to understand that their country cannot stand on the shoulders of other people in other countries just to get by. The very fact their money is called “Francs” is a huge part of the problem as well as french history within CAR.
Yes of course there is work to do within CAR with regards to violence, war, crime I totally agree. But no way am I going to believe their current situation is purely the fault of the native people in CAR.
Probably, but now you made a typical flaw in argumentation.
What you supposed to defend : “Bitcoin will help the poor get better lives.”
What you say to defend : “How about I do not mention the 60 years, right after up until present, where that nation was and still is plagued with corruption, violence, human rights violations and poverty. Dictatorship and government corruption have been a major catalyst for these issues, inspiring rebellions. Those evil people also like Bitcoin, just like me!”
So, although a good effort, this hurt your case more than defend it. I cannot undo the colonization. I can actively fight Bitcoin to defend the oppressed majority in CAR. See, now I am some Internet Armchair Freedom Fighter lol.
If you believe that the troubles are caused by evil people, please name them. Do I say that your financial problems aren’t caused by native United Kingdom citizens? No, because it sounds cringy and is completely unsubstantiated.
Nice video though. 
So… how does Bitcoin will provide that? Bitcoin is not an economy.
No, I am not fooled, people are angered that I do not believe their hypothetical “Bitcoin will make everyone rich” which has by now been reduced to “Bitcoin will make the poor … not very poor but certainly not rich” in the end, it does not matter for the bitcoin adepts. They just need their “currency” accepted. And it is very strange it’s only accepted by regimes that are exploitative and you cheering those on saying "But wait… 2 weeks, it will all be fine. Only to say after two weeks “Hey! STOP comparing bitcoin in your posts with the value of last year!” and sayiong “Everyone needs to hodl a resource that is valued by it’s scarcity” because to me it sounds kinda… ya know… strange.
Bitcoin +3,00% since last year! OMG almost as a good as bonds. Ok, end of this month and end of next month I pray you’ll be able to post these numbers again, because it’s something positive. An entire nation (a second dictatorship) will accept BTC and it went up slightly… great, I guess. But I cannot involve myself in those things, just imagine we’ll be here 100 years in teh future and you say the French guy who was a Bitcoiner colonised their country financially and wrecked it and many people died. See, never point out a history of tragedy when you are setting a similar one up yourself.
I’m sorry the cold, hard, uncensored truth makes you think that.
Since part of the issue is colonization I think it is important for me to be clear on which group of people I’m on about. 60 years really isn’t a long time.
I’m sorry you support repressive regimes. I don’t. Learn the difference.
Sure, no 3rd world country has evolved since. I believe you, oh great history prophet.
You need to delete this wikipedia page if you like to post things anywhere near realistic.
I support the little guy, always have always will.
You may want to censor history and act like it has no relevance to the discussion at hand but I wont.
I do not censor. Do not project. The last 60 years and the current year doesn’t count? Why? Because they make you rich. You are literally a colonist. You have El Salvadorians paying you and now CAR paying you. And I haven’t seen them profit from Bitcoin. When we had the conversation 700 posts back, I wasn’t far off with Bitcoin supporting neo slavery. I guess the irony is razor sharp.
If that is true, could you respond to my point about France creating and managing money for CAR? Do you think this is in CAR’s best interest?
You’ve lost me here. I’ve no idea what you’re on about, please explain.
I mentioned something about BTC being a “catalyst for change” if BTC is/becomes that then profit won’t be the only reason for a country adopting BTC.
Certainly, if CAR would make their own money, they would be like "Oh, let me rpint 2 million BTC! Oh no, need more… Let me Create Bitcoin goild! Oh no, need more forks… printer goes brrrrrrrrrrr.
But by all means, if you want proof, let’s just sitback and wait. You are going to show me in a few years how their freedom makes them happy. And some nice stats for the country.
Well, I’m still waiting for the positive change in El Salvador that cost a lot of people money. But I guess there was that one guy who said he didn’t have to drive so many hours to a bank. And the Big Enterprises owned by foreign nationals are making dank profits, luckily there are a lot of poor people now they can hire at low low prices.
I hope soon there will be some changes there making it better for their people.
