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0 sats \ 2 replies \ @nout 27 Apr 2022 \ on: With the Central African Republic in the crosshairs of bitcoiners, I recommend everyone watch Mads Brügger's documentary on corruption in the country. bitcoin
Does the current president/government look more reasonable, or is Bitcoin tender just a marketing stunt?
I have no background on African countries, so I'll definitely have to read up on this.
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21 sats \ 1 reply \ @KenyaCoin 27 Apr 2022
This article describes it well:
In 2013, the country plunged into a civil war that developed largely along sectarian lines.
The conflict eased after France intervened militarily and elections were held that were won by Touadera, although for years armed groups held sway over most of the CAR's territory.
In 2020, a coalition of rebels advanced on the capital Bangui, threatening to overturn Touadera as new elections loomed.
Russia dispatched paramilitaries to help repel the threat and then recover much of the rebel-held territory.
Central African Republic adopts bitcoin as legal currency https://news.yahoo.com/central-african-republic-adopts-bitcoin-130907404.html
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0 sats \ 0 replies \ @KenyaCoin 27 Apr 2022
It's coup season in Africa, and much of the world:
Issue #1190: The Global Spring is upon us | Marty's Bent #18606 https://tftc.io/martys-bent/issue-1190-the-global-spring-is-upon-us/
Maybe holding the private keys for bitcoin held by the nation's bitcoin in their treasury lessens the likelihood of being forced out, and if not, at least helps to ensure that if there is a change it power, it would be so without violence and the holder(s) of the keys might even be able to negotiate terms that keep some of it. Think of this being in contrast to the Afghanistan president who, allegedly, had too many bags of cash for the helicopter flight when fleeing the country, and had to leave some behind.
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