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@ham_write
Journalist | Writer | Researcher Networking | Brainstormer | The apple can go round, let's take a bite.
When I actively started using stablecoins, my mind went back to 2023. I remember overhearing a man argue that using “digital dollars” devalues the Naira and shows a lack of pride in our currency. It’s an argument I’ve heard a lot. But it actually made me wonder: Is it a lack of pride, or is it just a strategy for survival?
Due to my account being mass-reported, I’ve reuploaded the publication via my co-author’s account. Please re-engage when convenient, thank you so much. open.substack.com/pub/abdulmutal…
Congratulations to the winners of the 'Busha Crypto Loans Video Bounty' 🥳🥳🥳 🥇 ($2,500): x.com/osyusiholo_/st… 🥈 (1,500): x.com/justfreaqy/sta… 🥉 (1,000): x.com/0xcryptooracle… Honorable Mentions: x.com/theProcessXCII… x.com/energy_0x/stat… x.com/Imabasi___/sta…
Nigeria ranked 6th globally for Solana developers and accounted for 66% of all African Solana developers. Over $500,000 moved through a single Nigerian based product in one month, and many other updates you might have missed from the Nigerian Solana ecosystem last week. 📰 Headline News – According to @syndica, Nigeria accounts for 66% of African Solana developers and now ranks 6th globally. – @getcryptonia processed over $500,000 in February alone. – Enugu hosted February’s edition of the Solana Builders’ Tour. – @bigjoejs received $4,000, and @Imabasi___ secured $2,000 from the @Solana_Fndn Nigeria Grants programme. 📰 Launches & Ecosystem – @airbillspay unveiled a redesign built to simplify digital payments into one unified experience. – @rust_undead and @seedless_wallet were featured in @colosseum’s Codex. – @Dan_1_Alpha built a new price discovery protocol for auctions and AMMs using @magicblock Private Ephemeral rollups. – @Charles_lukes built an app that helps users build a full-stack Solana app with a single prompt. – @Userebble now supports Solana, allowing users to send, receive and store Solana network assets. – @usevelcro announced that Solana is already emerging as its most used network, processing over $5,000 in transactions while still in beta. 📰 Bounties & Builders – The @getBusha Animation Bounty winners were announced: @Al_hassan_Adam (1st), @ttemidayoo (2nd), and @crimuh6 (3rd), while honourable mentions went to @Onotsemhe, @MbahAlexander1 and @DamiDx. – The @getBusha Writers Bounty winners were also announced, with @ham_write (1st), @RalAndrewTalks (2nd), @rolandayd (3rd), and honourable mentions awarded to @Outstandingvick, @MarvinSunday4 and @Web3Precious. – Two SuperteamNG members, @0xrhydar and @Iamceejaymac, were among the winners of the @CyreneAI and @SuperteamEarn X Article Bounty. 📰 Community & Milestones – @Enugu_techfest was a Solana affair, with @Harri_obi delivering the keynote at Web3 Day. Other notable speakers included; @nuel_idu, founder of @rhivadotfun, @Chinaecherem, founder of @Nectar_finance, and the founders of @degxifi. – @BilionaireRaven hosted the SuperteamNG Anambra Creators & Builders Mixer. – @debar_fx was announced as one of the new Talent Scouts by @SuperteamTalent and he went on to host the first Solana DeFi event in Uyo. – @kryptdou & @Justfreaqy hosted an AMA session with @FinnaHQ during last week’s Creators Corner. – @heisdave7 hosted a Solana Builders Workshop in Owerri. What did we miss, and what are you shipping this week?
In one app, your wealth is perfectly pegged to the dollar. It sits in a digital vault immune to the morning news. In the other app, your fiat balance is a daily math problem, bleeding purchasing power by the hour. We figured out how to escape the inflation. We buy the USDC. We secure the USDT. Yet, the second you need to pay a vendor or settle a Bolt ride, that perfect stability becomes a trap. We hoard the exact tool designed to give us stability, yet live in a constant state of transactional anxiety. Nigerians are unstable. The case for stablecoins is clear. And our everyday payment rails continue to exclude them. What we're left with is an unstable financial system that has refused to evolve. But this isn't a personal failing. The bridge to the street is simply broken. 🧵
In one app, your wealth is perfectly pegged to the dollar. It sits in a digital vault immune to the morning news. In the other app, your fiat balance is a daily math problem, bleeding purchasing power by the hour. We figured out how to escape the inflation. We buy the USDC. We secure the USDT. Yet, the second you need to pay a vendor or settle a Bolt ride, that perfect stability becomes a trap. We hoard the exact tool designed to give us stability, yet live in a constant state of transactional anxiety. Nigerians are unstable. The case for stablecoins is clear. And our everyday payment rails continue to exclude them. What we're left with is an unstable financial system that has refused to evolve. But this isn't a personal failing. The bridge to the street is simply broken. 🧵
most Nigerians read about @realFemiOtedola's 2008–2009 crisis with awe. $480M lost, ₦222B in debt, and yet, a full recovery. i dug into how and why he pulled it off. two words: leverage and accessibility. @getBusha, with @solana is scaling both for the average Nigerian. 🧵
Congratulations to the winners of the 'Busha Crypto-Backed Loans Writers Bounty' 🥳🥳🥳 🥇($1,000) : x.com/ham_write/stat… 🥈($750): x.com/RalAndrewTalks… 🥉$(500): x.com/rolandayd/stat… Honorable Mentions: x.com/Outstandingvic… x.com/MarvinSunday4/… x.com/Web3Precious/s…
In 2022, @elonmusk tried to borrow $12.5 billion against his Tesla shares to buy Twitter. He didn't want to sell. Sounds familiar, right? What if I told you that with @getBusha’s Crypto-backed Naira Loans, you can be able to do the same with your $SOL? That's exactly what crypto holders do every day. Let me explain 👇 1/12
