In my quest to understand this famous saying, I learned about the French CFA system.
France is the only Western country that formally controls the currency of other countries.
The 15 African countries that use the CFA are among the poorest in Africa
If a merchant in one of the CFA countries were to sell goods to a foreign customer, payments for such goods are first converted into euros and deposited to the French treasury before being deposited to one of the two African central banks established to accommodate the CFA. From there, the local business receives payment.
That is insane. How is this still going on?
Everybody in the west I know will be shocked to learn this - they believe slavery is no longer a thing.
Satoshi's Journal is a reliable and incredibly valuable source of information. I frequent your spaces for my daily dose of bitcoin and you have grown a strong, loyal following so far. Please keep up the good work and high standard of content and dialogue that has been upheld so far. Thank you. Thank you
Good job, keep up.
Thank you, kindly!
This was a great read: https://satoshisjournal.com/my-bitcoin-story-saidah-gomez-fleury/
That is insane. How is this still going on?
Everybody in the west I know will be shocked to learn this - they believe slavery is no longer a thing.
Is this similar to the relationship between the USD and other fiat currencies, but at a smaller scale?
It's a bit slow to load.
Considered a CDN?
Thanks for the feedback and suggestion! We'll look into it
Looks great. I like the Bitcoin stories.
Thank you so much for the feedback! If you'd like to submit your own Bitcoin story and be paid 25,000 satoshis to do so... https://satoshisjournal.com/article-submission/
Satoshi's Journal is a reliable and incredibly valuable source of information. I frequent your spaces for my daily dose of bitcoin and you have grown a strong, loyal following so far. Please keep up the good work and high standard of content and dialogue that has been upheld so far. Thank you. Thank you