Africa's Tech Sector Becoming Africa's Banking Sector

WSJ Reports

"Sub-Saharan Africa accounted for more than half of the 255 live mobile money services across the globe in 2014, with monthly mobile money transactions in the region topping $10 billion in late 2014, according to GSMA."

Startup Fuels Africa’s Mobile-Payment Boom

MFS Africa’s mobile-payment platform is used by 55 million people in 17 African countries

Full article here (may be paywalled).  But check out the numbers.  This network is built on the refurbished cell phones and phone towers set up by Geeks of Color a decade ago.  This is incredible, and helps explain why it makes me furious that Basel Action Network, Greenpeace and PureEarth are making money by hustling and over-producing films depicting Africans as "primitive".





The Geeks of Color are going to inherit the continent, and people are fools to boycott America's access to the ground floor.  More Africans are going to college in China today than are going to college in the USA.

#freejoebenson

#thanksobama

Warhol Billionaires: The Good News about Phishing, Piracy, Bank Account Compromises

I've done a calculation based on the increase in news stories about proxy bank account compromises, phishing, identity theft, and piracy.

It turns out, at the current rate of increase of online bank fraud attempts, hacking, and proxy server compromises, that we can now project the following:   in the next 50 years everyone in the world, all 13 billion, will be billionaires...  For 15 Minutes of Wealth.   At that time their "15 minutes of life savings" will be snatched and re-deposited to the next billionaire.  And so on, and so on.

It's actually better than Communism, maybe.  The wealth will learn to move so fast that people won't be able to possess it long enough to be spoiled by it.