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RE: Why U.S Restrictions on ICOs and Exchanges Is Likely
Definitely one of the positive effects of cryptocurrencies is how it has led many people into a whole new world (investing and speculation). I only hope that it has lasting effects for those people in a positive sense even after market crashes like we've had recently.
Nice write-up....Right here in Africa, cryptocurrencies have opened up new frontiers for young people and has brought people with no previous knowledge of the workings of the financial sector into a space of accelerated learning! In Nigeria the first major exposure to cryptocurrencies was the adoption and proliferation of the global ponzi scheme 'MMM'; most persons lost their hard-earned monies, but a core group of crypto-enthusaists emerged and began to explore the possibilities and applications of cryptos beyond ponzi schemes, and this has led to a silent but significant financial revolution for youths-and this is just the beginning
I hope people learned from MMM, as it was obvious it was a Ponzi scheme. Hopefully, we will see individuals building blockchain solutions to improve the social and economic demography. Nigerians seem to see bitcoin a quick money making machine. However, blockchain application to the economy would be beneficial.