Peter Ayoade Moradeyo is the Chief Executive Officer/Principal Consultant, Crypto Plus Certified Limited, a firm in the forefront of advocacy and training for digital currencies. In this interview with Ibrahim Apekhade Yusuf he speaks on the huge investment potential of digital currencies amongst others. Excerpts:

What is bitcoin, block chain and crypto currencies all about?

The success story of Crypto currency dates back to 2009, during the financial breakout, when bitcoin was formed on block chain technology. Bitcoin was first introduced in Asian countries and gradually to Europe, US, etc. It is needful to clarify however, that the block chain technology is not the same thing as bitcoin. The relationship between them is only that bitcoin is deployed on the block chain technology. Interestingly, bitcoin seems to be more popular today than the platform on which it stands. Now, there are two things which distinguish cryptocurrency from the normal currencies.

The first is that it is finite. It has a fixed number that can be taken off and immediately that happens, its value shoots up and we all know that anything that can finish naturally increases in value as it is being taken up. So, as the world gradually adopts cryptocurrency, the available number reduces and value automatically drives upwards, causing it to grow dynamically in value. That explains why bitcoin has been able to grow like that since 2009.

The second thing is that cryptocurrency has intrinsic value or what some call store of value. Let me explain it this way: each copy of a coin is an address, a location on the block chain. When one address belongs to a person, that address cannot belong to another person in any part of the world. This is unlike the fiat counterpart where any money reading on a person’s bank account means that the bank owes the account holder to the tune of the said amount, but not necessarily that that money is the account holder’s to cash at any time. This is why sometimes the banks would tell an account holder that they do not have enough cash to complete a transaction. The case of the block chain is different because the value is intrinsic and better preserved.

What are the advantages of bitcoin and how does it work?

In a layman’s way, I would like to use the similitude of changing one currency to another, for instance. If you have some Naira notes and you want to change to Dollar, knowing the exchange rate that relates one to the other will be very helpful. Now to a layman if I bring my Naira and want to buy a Dollar, I will change the Naira to a Dollar based on the foreign exchange rate agreed between the person selling the Dollar and myself. Now imagine where you have the Bureau de Change in the middle and you have the buyer, that is, the demand, on one side and the supplier on the other side; that is the way it works. The person at the middle collects commission from two persons. The buyer sells at a price based on demand and supply. So, if the demand is higher than supply, the price is likely to go up. If I’m able to read that the demand and price for a thing I bought and own have gone up and I sell it, now the difference between what I bought and what I am selling now that the price has gone up is my own profit. That is the basic analysis of how it works.

What is the function of Crypto Plus Certified?

Since 2009, bitcoin and several other alt coins have been coming up. Alt coins are referred to as alternative coins to bitcoin which is the first and most popular of them all. At a point, we realised there was an opportunity where bitcoin and other coins can relate in value – there is value relativity between them. So we started by trading cryptocurrency. I can recall that sometimes in 2015, there was an upsurge of certain Ponzis in Nigeria. Nigerians sustained the following of Ponzis until it became almost endemic. Unfortunately, very few Nigerians knew about the very essence of the medium of transfer which bitcoin was during transaction of these ponzis. Bitcoin was only used because it didn’t need a third party like banks to facilitate a transaction between the Ponzis and her victims. So the Ponzis took advantage of their patronage, cashing in on the anonymity of transaction which was part of the features of cryptocurrency. What was supposed to have been an advantage became a disadvantage because of the ignorance of Nigerians.

Someone needed to educate Nigerians appropriately as to what cryptocurrency really meant and what disruption it was meant to address. So, we now came up because before now, we have a deep background on its trading. We decided to reappraise the image of cryptocurrency as it were in Nigeria.

Also, in several conferences we have been all over the world, we realised that Africans are non-existent on several cryptocurrency trading platforms. Just like we have the Nigerian Stock Exchange with several companies trading on its platform, there are also several participating bodies that trade value among us. The sad thing here is that Africans are non-existent on any cryptocurrency exchange whether in US, Asia or Europe. This is also true when one consider cryptocurrency graph. The Asians are up there; Europe and America are there too, but Africa is non- existent. Our function at Crypto Plus Certified is basically to close the knowledge gap so that people can take advantage available and then Nigeria can be enlisted on what we call the global cryptocurrency exchange.

We trace the current state of crypto currency trading to slowness of adoption. The federal government is yet to adopt a framework for the implementation of block chain that can give rise to participation. Several countries have done that but for some reasons it has not happened in Nigeria.



You plan to set up 1000 Nigerians on the Poloniex Exchange. What is the implementation plan?

We need to make it clear that Nigeria is a country with many opportunities. We also need to state that bitcoin came into Nigeria with a wrongly perceived image, and on the wrong platform. So, our first goal is to take the responsibility to repair that image, and then reappraise the benefits and enlist Nigeria as a participator in the normal trading of cryptocurrency.

In order to achieve that, we launched what we called, ‘Dream 1000’. It is all about trading on Poloniex which is the largest crypto exchange in America and we are currently working with them on releasing a mobile platform strictly for Nigerians and it will work as an arbitrage with our own exchange which will come from Germany. We want to work as an arbitrage so that they will trade on our own platform via the mobile interface. Nigerians can be taught on how to trade this currency easily, and our strategy is very unique because the mobile application is actually enhanced to be able to reduce all the variables of trading system. Since we launched the ‘Dream 1000’ recently in Lagos, we have had some of our students who were able to distinguish themselves with the level of knowledge we passed to them and they are going to show Nigerians that we are serious about what we are here to do. We have this on cyptopluscertified.org.

What has the response been thus far?

I grew up in Nigeria before I decided to relate with other countries for business reasons. One thing I know about Nigerians is that they respond to results. So, the first thing we want to identify is, we want to be able to have people who have had results and that is why all the events we have done, we have been showcasing people that distinguished themselves, those that we gave the knowledge and they applied it and got results. We want to be inspired by results and not just belief.

Can bitcoin be regulated or taxable?

Those conversant with information coming out of Crypto Plus Certified would have noticed that Nigeria is currently on a discourse on how to regulate cryptocurrency trading based on several frameworks. I have several write ups regarding this. Cryptocurrency trading as it were is decentralised and this is why the banking system cannot operate it. It is decentralised because of its nature. For instance, bitcoin as it were, does not have a management interface and that is why the regulation has not been somewhat forthcoming. But it is found to be very secured and has ability to store values. That has been the reason for all the enquiries on how do we have a framework for a kind of currency that has this kind of features? Sometimes, it takes time, but individuals are working and several people have stored values on it and exchanged it with another. The US is an example where Poloniex is operating. So looking at it more objectively, the regulatory framework and the operational climate go hand in hand but they can be mutually exclusive.

What is the demand for cryptocurrency?

People are already aware of what cryptocurrency is. It will be wrong for us to say that people are not aware of it. The only thing is that there is a knowledge gap on how to use it and take advantage of the value in it, and that is what we are trying to close up.

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crypto2017:
lecture / training links


https://www.youtube.com/watch?v=ECwLmkOOrTA



https://www.youtube.com/watch?v=5o9UBKf1kIU




https://www.youtube.com/watch?v=PNDfCHUCCcs

You didn't finish the explanation
Even the next video you didn't continue with it
Anyway I enjoyed it i will join you soon

A great man once said if you
take all the money in the world and distribute them equally among people
after a while all the monies will go back to their original owners. Why?

The poor are
mainly consumers and the rich are mainly investors.

Show me a POOR man and I'll show you a man who

P - Passes
O - Over
O - Opportunities
R - Repeatedly.

*A man who sees challenges in every opportunity instead of seeing opportunity in every challenge.*

Being a MAN is not a title, it's a responsibility. It means you have to answer financially in the
M - Morning
A - Afternoon and
N - Night.

You must take great risks to receive greater rewards.

You must plan and strategize, you must value profit not wages, you must be focused and you must be determined if you want good success.

Last but not least, You must involve God.

*"The worst people on earth to serve are the POOR PEOPLE"*

POOR: *means* "Passing Over Opportunities Repeatedly"

*See the reasons below:*

1)Give them for free, they will think it is a trap.

2)Tell them it's a small investment, they will say you can't earn much.

3)Tell them to come in BIG, they will say "I don't have any money, even if i have, i can risk such huge amount in this kind of business" .

4) *Tell them to try new things, they will say "no experience; has it been proven to work? Who has gained from it before?"*

5)Tell them it's a traditional business, they'll say "it's too HARD to do".

6) *Tell them it is a new business model, they will say:* *how many years has this business model been existing?".*

7)Tell them to run a shop, they will say "I will be tied down, I'll have no freedom".

Tell them to follow a 1-year business plan, they will say "it's too long. Please, I can't wait for so long".

9)Ask them what can they do? They will say "I can do ANYTHING".

10) *They like to ask friends who are as hopeless as themselves to get their opinions. Even the Bible acknowledges the fact that blind people don't lead blind people.*

11) They think more than a University Professor and do less than a blind man.

Penny wise, Pound foolish.

One major challenge POOR people have is "LACK OF ACTION!"

*They enjoy their comfort zone, dwelling and swimming in their "own type of knowledge".*

*Anything beyond their reason "can't work, and therefore it is fraudulent"*

This is the cause!

Proverbs 6:10-11 says: *"A little sleep, a little slumber, a little folding of the hands to rest, and poverty WILL come on you like a thief and scarcity like an armed man."*

Remember: It's RISKY to take a RISK, but it's even RISKIER not to take any risk at all...

Today is May 7th 2017.
We have less than 8 months to go.
If you continue to earn what you are earning at the moment all through the months until the end of the year, tell me: will that dream of becoming a financial pillar in your family be achieved by the end of December 2017?

Well, YOU alone know the answer.

*BE POSITIVE*
*BE SMART*
*BE PRO-ACTIVE*

*Learn to try out new things*

*The world is not ruled only by prayer warriors but by mental warriors.*

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they like to attach themself to the obvious truth.people are now wiser. i laugh when i see them using this space to draw people to what is obvious not.nigerians are now wiser

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Hello Sir,am very very interested,please how can i join and how much is the training fee, hopeconsultant2013@gmail.com please Anticipate your reply.thanks

u are invited to our graduation ceremony at eko hotel.pls bring along a family.thank

frontpage79:
Hello Sir,am very very interested,please how can i join and how much is the training fee, hopeconsultant2013@gmail.com please Anticipate your reply.thanks

whatapp me: 09035109412

crypto2017:
u are invited to our graduation ceremony at eko hotel.pls bring along a family.thank

HALL: AFRICA HALL

congratulations to all the graduants today.the public is invited to this event.pls come with a friend.

red carpet start 2pm.

venue :AFRICA HALL(EKO HOTELS)

congratulations to our very first graduates.we are creating a force in nigeria tht will be of recognition in the cryptotrading world

money making can be easy when u are well trained.pls dnt fall for dubious/ponzi scheme.we will teach u how to create wealth.tht is a promise.

good day when is the next port Harcourt event please

good day
when is the next port Harcourt event please

crypto2017:
money making can be easy when u are well trained.pls dnt fall for dubious/ponzi scheme.we will teach u how to create wealth.tht is a promise.

dgitrader:
good day
when is the next port Harcourt event please

PH training are on tuesdays

crypto2017:
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how do i contact u.. i tried looking up ur profile for any information.. pls drop whatsapp and any other line i can reach u.. tanks

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crypto2017:
coming soon

I have send you text message and also calling you but no reply and response from you

due to high patronage and different filled whatap group created.we are moving all groups slack.

http://xchangerate.io/coming-soon

register there and join our slack group

*Let's Move from Whatsapp to www.Slack.com*

Good day All,

*_”Making profitable trades thrives on effective communication and this is what SLACK offers.”_*

The much-anticipated migration to Slack from WhatsApp is here.

This move is imperative in order for traders and intending traders to take advantage of the growing trading opportunities the CPC brand presents without communication barriers.

On Slack, communication is easier, more responsive and more interactive.

More importantly, this is the first step CPC is employing to make:
• Non-traders, traders.
• Traders, even better-informed traders.
• Everyone make money.

To register, *_please fill in accurate details on www.xchangerate.io and accept the invitation sent to your email address._*

We look forward to having you *join CPC on Slack.*

*THE CPC Team.*

enolife2:

I have send you text message and also calling you but no reply and response from you

sorry for that.there shld not be excuse for missing ur call.pls send a txt again.i will be prompt

crypto2017:


sorry for that.there shld not be excuse for missing ur call.pls send a txt again.i will be prompt

ok