On friday, the Central Bank of Nigeria released a circular reversing its bitcoin ban πŸ”₯ Given the scant information available online on the circular and questions I've been getting from folks, I decided to distill the 11-page document into a piece, which I've just published. The piece walks through the details of the CBN's circular, important changes, and its effects going into 2024. Hopefully this provides more clarity on this important development. https://www.forbes.com/sites/abubakarnurkhalil/2023/12/24/nigerian-central-bank-issues-circular-reversing-2021-bitcoin-ban/?sh=69910ce57350
Trojan Mining, a member of the Green Africa Mining Alliance (GAMA) and Nigerian Miner, announced their 500KW hydro-powered mining facility in Nigeria on Saturday. A first of its kind in many respects πŸ”₯ Spoke with the CEO, Yassar Siyanbola, and wrote about this development and Trojan's plans for 2024 in my new piece for Forbes Crypto. Lots more exciting developments coming up in 2024 on the Bitcoin mining side in Nigeria πŸš€ https://www.forbes.com/sites/digital-assets/2023/11/20/nigerian-bitcoin-miner-trojan-mining-launch-500kw-hydro-mining-site/?sh=5aef11915e22
Lots of activity on both the USD-NGN FX rates and BTC-NGN price action over the last few weeks. So I decided to cover this in my latest piece for Forbes Crypto, "Amid Naira FX Oscillation, Bitcoin Surges To All-Time High In Nigeria" (3 min read). In it, I go through the following: - The Naira FX situation and the CBN's efforts to stabilize the Naira. - The Bitcoin price all-time high surge in Nigeria. - The response from Nigerians ahead of next year's Bitcoin halving. Hope it provides useful insight and context πŸ™πŸΎ https://www.forbes.com/sites/digital-assets/2023/11/17/amid-naira-fx-oscillation-bitcoin-surges-to-all-time-high-in-nigeria/?sh=c10fb4fae081
The path to truth requires extending nuance and context to counter positions and not preserving them as a privilege for one's own positions. Otherwise, falsehood and hypocrisy reign. The struggle in doing so reflects one's aversion to the truth.
There are infinite ways to arrive at the inevitable.
Here is my talk, "Traversing The African Bitcoin Landscape," from the Baltic Honeybadger '23 conference. I hope this sheds light on a region of the world that I believe Bitcoin will continue to benefit from and whose development and adoption will be led and greatly influenced by πŸ”₯ "Two things can pan out in the next five, ten, twenty years: either Africa is filled with a bunch of rowdy young people, or highly effective young people building the future of [...] Bitcoin." Full video πŸŽ₯ (12 mins)
I just published a new piece in the Recursive Newsletter on the Recursive Thesis, the issues with a Web3 thesis, and the distinction between a crypto and Bitcoin VC. I hope this helps answer some of the questions I’ve been getting on these topics.
Recursive Research
The Recursive Thesis: A Retrospective Synthesis
In this piece, I explore our genesis thesis, its evolution overtime, and where Recursive sits today.
Last month was wild, we got a whole EP collab from Central Cee and Dave, such a legendary lethal combo. Been on 🎧 πŸ” Cench and Santan don’t miss πŸ”₯ - - - EP Link (Tidal):
Music on TIDAL
TIDAL - High Fidelity Music Streaming
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In the end, Bitcoin mining will thrive where its value proposition is understood and appreciated the most.
In my latest piece for Forbes, I cover the growing Bitcoin mining space in Africa 🌍 Specifically, how Africans are turning to Bitcoin mining as a viable way to bring cheap and reliable electricity to the more than 500 million people across the continent currently lacking it. I hope this provides some insight for those interested in the Bitcoin mining space in Africa. https://www.forbes.com/sites/abubakarnurkhalil/2023/05/24/africans-are-pioneering-the-bright-yet-complicated-green-future-of-bitcoin-mining/?sh=292a125354ac