Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,154,825 members, 7,824,441 topics. Date: Saturday, 11 May 2024 at 10:19 AM |
Nairaland Forum / Nairaland / General / Investment / CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme (26540 Views)
Ndic -three Million Nigerians Lost N18bn To Mmm / We Can Only Pray For MMM Victims – NDIC / Cbn, Ndic Set To Investigate Bitcoin (2) (3) (4)
(1) (2) (3) (4) (5) (6) (Reply) (Go Down)
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by netmillionaires(m): 10:51pm On Dec 18, 2016 |
Most people shouting MMM and Bitcoin partnership know nothing about the reason for this latest crackdown on Bitcoin. Nigerian banks are the brain behind this. A lot of nigerians abroad don't repatriate money back to the country through the banking system again because of banks cross dealings. When you send in dollars from abroad, banks will collect the dollars and exchange it for you at an official rate of #315and when another person need that same dollars, the same bank will sell the dollars to him/her at a black market rate of #470 instead of #320 official rate thereby making a gain of #155 doing nothing. Nigerians now prefer to buy Bitcoins with the dollars and then sell the Bitcoin directly to ecurrency exchangers at #470/dollar.... Imagine me bringing in nothing less than $3500 into Nigeria monthly and the bank will be crediting me at #315/dollar. And when I tried to use my Nigerian debit card to buy something worth just $70, the bank charged me at #470... I was really mad. I complained about this same problem on Nairaland sometime ago but a guy was so fast to shout "na una dey kill the naira" when he is suppose to face the banks who are shortchanging the people. It is not every transaction one conduct with Payoneer that is the reason I decided to use a nigerian debit card... 13 Likes 3 Shares |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by Nobody: 10:57pm On Dec 18, 2016 |
Cbn wants to prob bitcoin because blockchain isn't paying tax to Nigerian government , Nigeria chasing oil while developed countries earn billions from tech startups.. Don't worry Cbn keep chasing dollar exchangers, soon before your very own eyes local shops will be accepting bitcoins why we pay tax to US government. Fools. 1 Like |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by uwajeh(m): 11:09pm On Dec 18, 2016 |
:o1 Bitcon=780 dollars! Please Check their website. |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by BraniacX(m): 11:39pm On Dec 18, 2016 |
Ebukax: Guy 520? Wetin come be your nairaland discount nau? |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by Revolva(m): 12:30am On Dec 19, 2016 |
Diplomaticbeing: People like you are future poverty materials....ok... |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by Ab4all(m): 2:50am On Dec 19, 2016 |
grossintel:absolutely, I guess u are right. This is coming after Trump also asked his cabinet to look into bitcoin operation. Probably, to insert tax clause, well I can't say for now 2 Likes |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by Ab4all(m): 3:06am On Dec 19, 2016 |
blackberlin:bitcoin transactions takes place inside a smart wallet through its specific address (wallet address). Lately, some people have lost huge amount of money up to millions of naira because their wallet was hacked by hackers. When I say our environment, there re lot of things I put into consideration forinstance, phone theft/misplacement, carelessness etc. There are lots of clone site on block chain, like blockchein, so once u download this smart wallet from a clone site, you are on your own. On the issue of theft, some guys stole my iPad at gun point sometime ago, if I had enough funds inside that wallet, It would have been huge loss. Well let's see what their investigations lead us |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by billyG(m): 3:39am On Dec 19, 2016 |
Carrottop:boy go back 2 school mmm united even offer 100%. |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by billyG(m): 3:46am On Dec 19, 2016 |
just2endowed:all those text books are outdated they need to update & add cryptocurrency to their books. |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by billyG(m): 3:49am On Dec 19, 2016 |
Zedoo:Tell d ignoramus,1btc〓$793 today does that mean anything to him? 1 Like |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by wine4dguy: 3:50am On Dec 19, 2016 |
Ab4all:I don't totally agree with you on the phone loss thing...what you're saying is that when someone lose his phone then he has lost something like his mailbox in the phone which is not so ... I mean before anyone gets involved in cryptocurrency security of your device should be your priority(as in all devices must be passworded and a backup made in case of unforeseen circumstances ) I know no system is above hack but if you do your part even if you lose your device you can get your wallet back |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by billyG(m): 3:55am On Dec 19, 2016 |
Zedoo:Tell d ignoramus,1btc〓$793 |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by lonelydora: 3:57am On Dec 19, 2016 |
Diplomaticbeing: I have been warning all my friends about this. Buy with your spare money, but they are buying with all their savings. |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by lonelydora: 3:58am On Dec 19, 2016 |
Splinz: So they said about MMM |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by Ab4all(m): 4:01am On Dec 19, 2016 |
wine4dguy:hmm, yes, there is a way to recover your fund which I failed to mention though. But what am trying to highlights here is its suitability in our environment especially the robbery case. It's like having your bank right there with u. Someone can actually under duress asked you u to transfer your fund to his wallet. You can't deny this fact as the awareness of bitcoin grows. Another point worthy of note here is bitcoin volatility. The price flunctuates due to demand. At present against the naira, it has dropped while higher against dollar, hence if adopted in Nigeria by cbn, that means increase in demand. Inflation here will be much higher which might be due to high exchange rate compared to forex. Maybe except we will be mining bitcoin in Nigeria which requires substantial amount of electricity. |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by Zedoo(m): 5:31am On Dec 19, 2016 |
djakinwande: Bitcoin is a cryptocurrency. Just like your physical cash . You dont need a bank to get bitcoins.... The price and rise is determined by demand and supply there is no regulator. Its just a store of value like people who bought gold back in the day. Bitcoins Is the new global money.... Anybody can hav bitcoins and the market is ONE. Its more valuable than the dollar- 1 bitcoin is worth over 750 dollars....just ONE bitcoin.... 1 Like |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by Zedoo(m): 5:47am On Dec 19, 2016 |
lonelydora: They are wise people. Bitcoin is just like gold was back in the day...some people bought, d skeptical ones wished they did when years had passed. bitcoin is simply your physical naira in a digital form...you can get it whenever you want by selling to willing buyers...humans lyk you - they are not hard to find.... The problem is that you all don't want to learn, and in the end people who learn will start oppressing you with their progress like the rich class in Nigeria and you start wishing things can be equal which they will never be... This is not MMM there is nothing lyk "gain after a month or a year". Its like someone buying dollars....but bitcoin is even f more value than dollars.... Its only sensible to access something when its still easy to get than to Wait for the same stupid government that you have acknowledged do not care about you or your welfare.... All government want to check is how they can control it and administer it to you....ripping you off again. Bitcoin has been here for YEARS now. There is nothing like acct freezing or crashing... Its a very acceptable currency that you can use to pay for anything over the internet...i repeat ANYTHING.... 1 bitcoin is over 770 dollars... D the calculation in Naira..... And right nw you dont pay anybody to have bitcoins you simply buy... Nigerians should banish their third world mentality... Other countries are mining bitcoins animals dey here dey drag leg. Its lyk when shares and forex came the people wey no understand dull up, the willing people learnt about it and invested... Bitcoin is predicted to hit 2000 dollars to 1bitcoin due Donal trumps dollar spending tendency.... Now that statement may mean nothing to you, but the wise person will demand to know what that implies or what it means or how it affects the bitcoin or why but the unwise person will say "they have come again, with their magic money".... Imagine people who bought dollars lyk 4 years ago and just left it in their account, do you know how much they will sell in this current scarcity period Bitcoin is here to stay.....government cannot control it, if you wait for them it will turn to the current petrol situation, they will sell to you at an even higher price .. Bitcoin is the new unilateral currency of the world....it doesn't matter the country you are in, you can own it.... 2 Likes |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by Zedoo(m): 5:51am On Dec 19, 2016 |
Ab4all: It has dropped lyk its now 1 naira to 1 bitcoin. Dude u lecture is funny... So because of robbers why dont you sieze to have your bank account? Can't someone rob you on the spot and also ask you to use mobile banking to transfer ur money to him? What are you saying?? So you should not put your money in the bank again becos you can get robbed after visiting an atm? So you should not invest in bitcoins because someone can ask you to transfer it to him under duress?? Omo ..na real THIRD WORLD COUNTRY Nigeria be.... 1 Like |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by Ab4all(m): 6:00am On Dec 19, 2016 |
Zedoo:dude, u are die hardedly funny I swear. how can u compare bank acct to wallet address or transaction hash tag. Acct transactions can be traced u know that right? |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by djakinwande(m): 7:26am On Dec 19, 2016 |
Zedoo:what about the security of the website?? What if it was hacked who will be responsible fo th loss?? |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by menxer: 7:39am On Dec 19, 2016 |
Ab4all: What are you saying? The only hack of recent was bitfinex, an e-currency exchanger/trader, which allegations point at inside job considering the layers of security measures in place, and also the fact that customers Bitcoins were not on cold storage. hacking your offline wallet (cold storage) is near impossible, even if your device is stolen. What you should say is, don't lose your device that has your offline wallet on it. |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by Zedoo(m): 7:49am On Dec 19, 2016 |
djakinwande: The website is strongly secure more secure than your bank account...do you know how many people and companies buy bitcoins? Top billionaires like warren Buffett invest in bitcoins.... Secondly you CANNOT get hacked except YOU give someone else your wallet ID and password.... The system.itself does NOT know your password, you are adviced to save it so that you never forget it. You can set up security to grant you certain questions in the event you lose your password but there is nothing lyk resending your password to your mail... Blockchain.info is the most reliable, critically acclaimed bitcoin side most acceptable anywhere bitcoins are traded in the world. And the system generates new address based on encryption whenever you want to do a transaction. Basically you have your Wallet ID and Wallet Password ( these are for log in only) The you have your wallet address- this is like your normal account number.....you use it to receive and send bitcoins.. Its normal to be skeptical of change.... Even your money in the bank is under d same risk.... And worst because naira is of low value....1 bitcoin is worth over 405,000 naira as we speak...just ONE.... And you can buy for any amount....even 10k bitcoin dey but that will be in decimals.... My best advise to anybody is to read about it. Go to blockchain.info or google....and then decide for yourself if you want to or not. This is not a ponzi scheme promising your returns... Just imagine you had an opportunity to buy dollars and have a dollar account...easily from the comfort of your house.... And then imagine a currency more valuable than the dollar and will even be more so as demand rises and people begin to hoard.... 1 Like |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by Zedoo(m): 7:50am On Dec 19, 2016 |
Ab4all: You are the funny one...so in bitcoin you cannot see your acct transaction history is that what you are telling me?? |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by Zedoo(m): 7:54am On Dec 19, 2016 |
The government is plain stupid... More advanced countries with better technological advancement and technical personnel have accepted something.... Pot bellied individuals who know nothing about a computer beyond Microsoft word and sitting in meetings talking nonsense, people who haven't found a way to re-grow their own currency, are "probing" bitcoin.. the African illusion... What do YOU know about digitalization?? And worst part is even if you convince Nigerians not to buy (impoverishing them for life) I can and will still sell my bitcoins to someone in America or Canada and get paid instantly.... So this is not MMM or one pyramid nonsense. This is money 2 Likes |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by nellyelitz(m): 8:06am On Dec 19, 2016 |
These agencies have become toothless under this administration, only talking with no action. |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by ImmorTALbet: 8:35am On Dec 19, 2016 |
WHY NOT REJOICE WITH US @ Rejoicehelp.com Going viral everywhere Rejoicehelp.com Running successfully with "bitcoin" 5% daily returns Up To 20days Primary PH of 25% will come in 48hrs. Secondary PH of 75% will come in 15-20 days No lock in period Automatic confirmation enabled API 10% Deposit Bonus 10% Direct referral income Indirect referral Income 5%.4%..3%...2%....1% 24/7 Admin support via Whatsapp +639380821639 ONLY HELPING SITE THATS NOT ANONYMOUS SSL secured Site Cost About $5000 They Are Here To Stay Long Join now & build your team. U MUST HAVE A "SPONSOR ID" TO REGISTER...[RJ813112] https://rejoicehelp.com/signup.aspx?Ref=RJ813112 FEEL FREE TO CONTACT ME VIA WHATSAPP 08063027402
|
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by djakinwande(m): 8:37am On Dec 19, 2016 |
Zedoo:Alrite...thanks for d insight |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by juicydiceyjoe(m): 8:37am On Dec 19, 2016 |
fratermathy: Point is try to have a open mindset. |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by juicydiceyjoe(m): 8:43am On Dec 19, 2016 |
billyG:True, I was discussing with a final year Banking and Finance student and she does not know what cryptocurrencies or bitcoin is. Never heard of it. |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by juicydiceyjoe(m): 8:48am On Dec 19, 2016 |
lonelydora: Stop this pls, it only shows ignorance. Try to read about it. Stop comparing bitcoins with Mmm. They are two different things entirely. |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by lonelydora: 8:52am On Dec 19, 2016 |
juicydiceyjoe: Bro, if God save me make i collect my 50k January 14th, Una no go see me again. |
Re: CBN, NDIC To Probe Digital Currency, ‘bitcoin’, Scheme by juicydiceyjoe(m): 8:53am On Dec 19, 2016 |
Ab4all: On your first point, same goes with mobile banking, internet banking and using quickteller. You can be made to transfer the money in your bank account with your phone under duress. On your second point, I agree with you completely. The price volatility is an issue but then it is good for investments now with the hope that prices will rise even higher for you to sell. 1 Like |
(1) (2) (3) (4) (5) (6) (Reply)
Investing On Land Or Buying A Car For Uber: Which Is The Better? / Dangote meets Mugabe on investment approval (PHOtO) / Which Loan App Is The Best?
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 91 |