iamJ:
1million Bitcoins is 37 billion dollars

iamJ:
mmm users said the same thing

definitelyCYRIL:
bros if we wail, it is our wail.... The way you're talking it's like you are one of those guys that can't afford to buy cryptocurrency and is envious of those that can, and are making it, so you just want the system to crash... You better go and borrow money and start moving forward... Nonsense..

iamJ:
decentralized is blockchain, I don't have a problem with blockchain, it's a beautiful idea but Bitcoin as a currency is a ponzi scheme


I don't understand why you are calling me dumb, it's not my fault that you can't understand something you claim to understand

Mcslize:


It can help terminate generational poverty if you can get and hold it for a very long time.

Hinokami:
What is this rubbish of an excuse to justify what the Central Bank is doing?

We dont need this explanation..do they have to use draconian methods?

Classless government...Instead of Innovating, they go the other way sending us back to the stone age.

iamJ:
supply of bitcoin being fixed means nothing, it will only inflate the value further

bitcoin is also fiat, what is the intrinsic value of bitcoin?

12inchess:
Simple economics. Crypto currency are valued in dollars.So essentially its increasing the demand for dollars. Which I understand from the part of CBN. But who wants shit Naira that loses value like pure water? Are they done giving dollars to Dangote at 335 or not?

iamJ:
how can bitcoin become the currency of the world?

do you know how much is in circulation in the world? if 1 million bitcoins is worth 37 billion $

21 million bitcoins is the total that will ever exist, that cant even service california alone talkless of the entire world, its blockchain technology that the world likes not bitcoin

UncleKoboko:
Why would you charge so much for something that can be created freely?

magicminister:
You have to be really dense to not know this is their response to the end sars protest.


November last year, CBN banned all direct transfers to Nigerian bank accounts from outside the country. You can recieve money but not more than $5000 and not directly to your bank account, you’d need to go to the bank, provide ID and recieve in Cash.

Now, CBN banner crypto. Remember during the protest, after bank transfers were banned from sites like flutter wave, the people switched to crypto! Now the crypto is gone, people died and the protest is looking like it was for nothing!

slawormiir:
Damnnn niggarrrr.
Mumu cbn
We go dey do Ptpt
If you are a niggarrrr and you understand what I meant by ptpt then you must be a real niggarr

stuntman007:
This thing is simple. We have Zenit, access and the rest back in Ghana and other neighbouring country around. Just go open account there, do your cryoto business then fund your naija account. Na our neighboring government go benefit from taxation on the bank transactions. Mumu government.

MartinsD12:

Well I heard much about it, how people are making money with it.

meekhat:
Crypto has come to stay whether CBN likes it or not. Nothing spoil at all. Watch how p2p deals will grow in exchanges like binance. Naira is dead and no be we kill am. No wise person keeps his money in naira anymore.
Let me come and be going to binance for p2p buy and sell jor

wonder233:
Vacuous youth: shove your end sars farce down your anus. The only people that died where the ones hoodlums killed after you provided the enabling environment for them by your thoughtless blockade of roads and breakdown of law and order. Bunch of bandwagon goats. Endsars bend your mouth there. Read? No! All they do is press phone and seek thrills. What do you know about economics, monetary and fiscal policies? Coming here to say "endsars". Wasted generation

id911:
This is what you get when archaic and museum object like Mohammed Buhari, a stark economic illiterate is placed in position of power. The government of Buhari and Osinbajo has inflicted so much pain on Nigerians, pain never experienced before except during the civil war and mid eighties which, incidentally was during Buhari's draconian regime. When will Nigeria stop appointing a banker as CBN Governor?

To those who voted Buhari and Osinbajo because of tribe and religion, are you enjoying their evil and wicked policies?

Twode:
I'm lazy to read this.
Pls summerize me the whole story it may be interested.