Today was such an amazing second day lesson at Bitcoin Dada.
Femi a dedicated entrepreneur passionate about changing the world through sound money gave an eye opening presentation on the history of money, especially in the African context.
He explained how money has evolved from barter,exchanging oranges for carrots,
to commodity money like shells,to gold,
to minted coins such as silver and gold,
to representative money,
and eventually to printed money with no backing.
He highlighted how, during the gold era, central authorities held people’s gold and issued receipts. But over time, they began printing more money than the gold they held a system that fully broke in 1971. This shift led to inflation and raised concerns globally.
Femi clearly showed how this system has negatively affected African countries:
• concentrating power in one central authority that can print money at will,
• benefiting the state while impoverishing citizens through inflation,
• and limiting African trade, collaboration, and opportunity because of unstable state issued currencies.
The solution? Bitcoin.
Introduced through the 2008 white paper and brought to life with the first block in 2009, Bitcoin offers:
• borderless money,
• no central authority,
• security through a global network of computers,
• open participation for everyone,
• resistance to corruption,
• and value based on consensus, not manipulation.
Bitcoin empowers every human being, anywhere. No permission needed. No gatekeepers.
It has truly been an eye opening session.
I’m grateful to be part of a community that is reshaping Africa’s understanding of money and building hope through Bitcoin education. 💛🧡⚡ 

