NIGERIA

As It Embraces Bitcoin, Nigeria Offer Lessons To The Developing World
By Shinobi

While some governments embrace Bitcoin adoption, like El Salvador, some U.S. states and most recently, Russia, others are openly hostile to its existence. However, that same hostile attitude is what, sooner or later, gives Bitcoin the chance to thrive.

Such is the case of Nigeria, whose citizens have been suffering from economic oppression for years. From seizing bank accounts of protestors fighting against a corrupt and dangerous police organization to a national ban of the cryptocurrency industry, Nigeria’s government is fighting hard against economic liberty.

Nevertheless,Bitcoin’s adoption is thriving exponentially in the country, as exemplified by the fact that remittances reported by the Central Bank have dropped by 30% in the last year, suggesting growing Bitcoin usage.

The Zen Of Knowing Your Opinion On Bitcoin Doesn’t Matter
By Tomer Strolight

Bitcoin does not care about your opinion and that is great. Great because this new monetary system is immune to anyone's opinion: yours, mine, politicians, economists, bankers or any human being. We are all the same to Bitcoin — which means that we can finally stop caring about someone else's monetary opinion too.

If some economist has a wonderful opinion about how much more money should be printed, his opinion doesn’t matter to Bitcoin. If a politician might be of the opinion that citizens should surrender more of their wealth to him, Bitcoin doesn’t care. If bankers think that is a good idea to create money out of unpayable credit, Bitcoin is indifferent. Bitcoin is basically laying down the law and telling politicians, central bankers and economists:

“Stop stealing from your brothers and sisters. I don’t want to hear your justifications.” - Tomer Srolight

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YIELD CURVES

Bitcoin And The Smallest Businesses: Cantillon Effects And Why They Need Bitcoin
By Heidi Porter, Mark Maraia, and Colin Crossman

The Cantillon effect describes the phenomena that those closest to the money-printing benefit from it the most. In our world it is large institutions, banks, organizations and corporations who are closer to the money — and this makes us wonder, what about small and medium enterprises (SME)?

Both SMEs and individuals are the ones who get hurt the most due to inflation, and not being close to the money-printer is precisely what makes these groups the ones that need bitcoin the most.

The authors lay out some of the reasons inflation greatly affects small businesses:

1. Economies of scale
2. Wages
3. Susceptibility to downturns
4. Inability to manage technology changes or supply chain disruptions
5. Risk of failure

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