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RE: This is why Nigeria is not a cryptocurrency hotspot

in HODL5 years ago

unfortunately, there are many get-rich schemes disguised as cryptocurrency in Nigeria which has given a lot of people a wrong notion of what cryptocurrency is about.
I have invited a few friends here but they always get lost and lose interest. Hive can be a handful. For me, it is important that they know the technology exist. That knowledge will come in handle soon. With the government pushing to regulation social media activities in Nigeria, it is only a matter of time before people start pushing for decentralised solutions like hive. I talk about this briefly in my last 3speak vlog

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Hive is rather difficult to get use to but it is easier than a life of misery.

Promoting one of the DApps is a much easier sell. Such as having people come here to do vlogs on 3Speak. That is an easier sell than trying to get them to understand all the tentacles of Hive.

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... but it is easier than a life of misery.

The people in that situation can not afford mobile data. They’re not connected and when their mobile phone is probably generations old and may not be able to run wallets. Which is a reason why I love Hive (although it is VERY data intensive).

One error many people in crypto make (at least some years ago because the topic is less common nowadays): to include the unbanked you have to talk TO the unbanked. Not talk about them because you don’t know their problems otherwise.

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