We’re back… and speaker was not the one listed in program. Just caught kast slide of the AA talk.
Next, Borderless Africa by from Ethiopia
Conversation
He wants to switch from “Africa needs Web3” (moral imperative for dev etc) vs “Web3 needs Africa”
Due to demographic logic of young people etc.
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“88% crypto tx in Africa is cross-border.”
“Nigeria most crypto obsessed country based on Google search data.”
“40 of 54 African countries don’t print their own money. France, Germany, England print and keep 6% as fees” 🤯
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👀
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Only 18% of trade is within Africa
10B in Swift fees
10% forex tx fees
… yeah this is stacked heavily against the continent
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Meant to go to the session on next billion but overflowing so attending plantain chops and coffee session instead.
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Gonna go back to 5th floor main room in a bit simply because it’s too big to overflow. This is a true dev conference. A subset of obscure tech deep dives seem to have queues to get in. A talk in a new stablecoin called Gho seems to be the it-event right now.
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Dropped into a panel on ethereum sign-in. Kinda meandering. Feels like a podcast. Gonna bg it and browse twitter unless something makes me peek up.
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Replying to
Login signatures alone aren't coherent enough to imbue meaningful authority. This is another way where delegating capability is strictly more useful, and I expect to see things bend in that direction:
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Replying to
I see someone from M3tamsk is in a panel with vitalik on account abstraction later in the day? Feels like this layer is going to be in flux soon?
Replying to
Yeah, I'd be on that panel if I was there. There are a few complicated proposals that require synthesis: 4337 (gas abstraction for contract accounts), 3074 (delegation for EOAs), 5003 (migration off EOAs to contracts), and then finally "what contract accounts are best?".
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