How do we then, with this fast changing world we live in where private companies morph into performing roles that have public consequences to ensure that the same companies are accountable to the citizenry?
Considering the cost of transactions, price volatility, and the speed at which transactions are verified on the Bitcoin network, what benefit will adopting a Bitcoin Standard be for a country such as Nigeria?
Africa's next unicorns in the next five years are likely to emerge from industries that are "building the railings" to enable other parts of commerce and society, most likely fintech, digital marketplaces, and transportation and logistics.
Beyond just growth in economic activity and the growth of the e-commerce marketplaces, this spike in e-commerce growth has some second-order effects along the supply chain. Especially with logistics and payments companies.
Clarity is needed on how the FBI obtained the private keys to the Bitcoin wallet involved in the Colonial Pipeline ransomware attack. Until then, a lot of people will remain skeptical about trusting Bitcoin.