GamalNasser:
Where are all the foolish Biden Supporters

Billyonaire666:
Makes no sense.

If you invest $100K on bitcoin as a store of value, you will expect it to double in value within a very short period of time, as a smart investor, you should withdraw the $100K in 3 digits batches and have just your profit sitting there to the moon.

The crypto future guarantees enjoyable future without work.

Just invest in future tech IPOs and ICOs and sit back and read books and watch movies and 'eat' from your money working in the hands of tech engineers and their technologies.

Savvy?

This is the future that your dull Federal Government is too ignorant to foresee.

Miyachi:


No, banks are not in any problem. Bitcoin has terrible UX. Transaction charges are higher that what you would pay locally at your bank for transfers. Where it shines is in it's decentralization which makes it censorship-resistant -- nobody can block your account or stop you from sending money to anybody. The sad thing is not many people have use for that feature so Nigerian banks are safe, or would you keep your life's saving in BTC?

12inchess:

You don't need Fiat currency to back up any means of exchange. What you need is demand. There was a time when cowries was used as a means of exchange. What Fiat currency was backing that? As long as the means of exchange has value to majority of people, then it's viable.

Billyonaire666:
Makes no sense.

If you invest $100K on bitcoin as a store of value, you will expect it to double in value within a very short period of time, as a smart investor, you should withdraw the $100K in 3 digits batches and have just your profit sitting there to the moon.

The crypto future guarantees enjoyable future without work.

Just invest in future tech IPOs and ICOs and sit back and read books and watch movies and 'eat' from your money working in the hands of tech engineers and their technologies.

Savvy?

This is the future that your dull Federal Government is too ignorant to foresee.

CSTRR:
It is like saying cars can be used to carry out robbery.
It doesn't mean cars are not a positive invention.

The US- and China are currently leading the world in bitcoin and block chain technology.
US banks are even unveiling bitcoin ATM machines.

The question Nigerians should have asked is why the US regulators are not stamping out bitcoin in America.

Nigerian govt mumu no be small.

SavageResponse:


Yes fiat can also be used for illicit purpose but it leaves a money trail...crypto is virtually untraceable because the effort and resources required to trace it is very massive

ibawon:
What have been in use for ILLEGAL work before Cryptocurrency?
If you want to mine Bitcoin, Litecoin,Etherium but don't have a powerful Mining RIG, Biko talk to me on my signature

Miyachi:
Truth is fiat currency can also be used for illicit purposes.

Also note that Bitcoin is not truly anonymous as blockchain transactions can be traced, they include IP and other metadata. With a little time and effort you can unmask both sender and receiver.
I think the main issue is censorship and control. The United States needs the Dollar to be de facto world currency for trade so that they can threaten and control other countries by means of sanctions, trade embargoes, etc.

They don't control bitcoin and it is a threat to their control and dominance in the international financial market.

blamingthedevil:
It is fraud. It has no back up product , that serves as basis for transactions.

GeneralPula:


Gov knows this.. They’re not daft and it was one of the reasons they’re avoiding btc market by all means.

Should 80% of citizens venture into bitcoin... Banks are in super problem !

TheRareGem1:
And when CBN said the same thing in Nigeria people thought it was out of ignorance.

Many people even drag Osinbajo...abeg is he the CBN governor or the President?

Nigerians.

Nigga44:
Transaction fees for btc is actually lower than local bank transfer.

And yes, I can keep my life savings in bitcoin. Infact, I currently have about 90% of my entire savings in btc since march 2020. A lot of people I know do too. This is mainly because our naira is in a free fall.

Some of us traders don't actually see btc as a currency..... but mainly as a hedge against inflation. Our naira is almost worthless and even the Us federal reserve is printing dollars like crazy.

TheRareGem1:


https://www.channelstv.com/2021/02/23/bitcoins-price-tumbles-after-us-regulator-says-it-can-be-used-for-illicit-purposes/

justinator:
Unmask both sender and receiver?... How possible ?

priceaction:


Lol, nothing like that. I hate them with passion especially those telegram nonsense. Many of them are looking for free money to thief.
Are you following the cryp..to thread here? if not, check some of my comments or posts and trace it to the thread.

It may be 70% of what you need and be careful of many of those groups and telegram links (they will soon arrive that may turn out to be scam.

TheRareGem1:
And when CBN said the same thing in Nigeria people thought it was out of ignorance.

Many people even drag Osinbajo...abeg is he the CBN governor or the President?

Nigerians.

Karleb:
But the Naira and Dollar cannot be used for illegal purposes. Bravo!

Miyachi:


No, banks are not in any problem. Bitcoin has terrible UX. Transaction charges are higher that what you would pay locally at your bank for transfers. Where it shines is in it's decentralization which makes it censorship-resistant -- nobody can block your account or stop you from sending money to anybody. The sad thing is not many people have use for that feature so Nigerian banks are safe, or would you keep your life's saving in BTC?

GamalNasser:
Where are all the foolish Biden Supporters

Billyonaire666:
Makes no sense.

If you invest $100K on bitcoin as a store of value, you will expect it to double in value within a very short period of time, as a smart investor, you should withdraw the $100K in 3 digits batches and have just your profit sitting there to the moon.

The crypto future guarantees enjoyable future without work.

Just invest in future tech IPOs and ICOs and sit back and read books and watch movies and 'eat' from your money working in the hands of tech engineers and their technologies.

Savvy?

This is the future that your dull Federal Government is too ignorant to foresee.

12inchess:

You don't need Fiat currency to back up any means of exchange. What you need is demand. There was a time when cowries was used as a means of exchange. What Fiat currency was backing that? As long as the means of exchange has value to majority of people, then it's viable.

TheRareGem1:
And when CBN said the same thing in Nigeria people thought it was out of ignorance.

Many people even drag Osinbajo...abeg is he the CBN governor or the President?

Nigerians.

TheRareGem1:


https://www.channelstv.com/2021/02/23/bitcoins-price-tumbles-after-us-regulator-says-it-can-be-used-for-illicit-purposes/

TheRareGem1:
And when CBN said the same thing in Nigeria people thought it was out of ignorance.

Many people even drag Osinbajo...abeg is he the CBN governor or the President?

Nigerians.

bigtt76:
No lies in this and we all saw how its use fueled the endsars protest ...that was when I knew the CBN would definitely clamp down on it especially with 2023 elections around the corner. All those saying governments can shutdown cryptocurrencies now see clearly that without FIAT currency backing up cryptocurrencies, its as good as 'useless' in everyday use, but hey what do we know #WeMove!