thebosstrevor1:


Hyperledger Fabric blockchain

SmartPolician:


That's a private blockchain.

Kindly point me to the source of your information.

Datedoboy:


Bro pls find out how Ghana strengthened their currency. The new cedis as we speak is more valuable than the Naira that is why Nigerians go there to set up shops. Ghana does not export more than what we export. I use to have this mindset that your economy must be strong but as I grew up I conducted a research and I discovered we were lied to. Naira was devalued for no just reason. What we experience that made us devalue the Naira, some countries that experienced same with lesser exports did not devalue their currency

GeneralDae:

His point is that Ghana is not really exporting that much but heaven did not fall when they did what they did. You haven't really addressed that part. You just keep asking the same question.. "is Ghana your competition".

emae009:


you're talking about devaluing of currency. I was talking about pegging a currency to the dollar. You can't wake up tomorrow and say 1 naira = 1 dollar

Mrblaq1990:


Do you also know that the eNaira is run on blockchain?

Timoleon:
heaven did not fall, is Ghana now heaven? How has it translated to development for Ghanaians? Is our ambition as Nigerians to be like Ghanaians?


Is Ghana our competition or our aim is higher (to be the best in Africa) ? Answer objectively and honestly to yourself.

Pierocash:
Reno fail to understand that the E-Naira is not Crypto currency, it is just digital ,but not a crypto. So they don't serve same purpose.

emae009:

you're talking about devaluing of currency. I was talking about pegging a currency to the dollar. You can't wake up tomorrow and say 1 naira = 1 dollar

Datedoboy:


You can bro. The government can wake up one morning and say 1NGN is 0.5 usd and nothing will happen.

are we not facing inflation already?
Why can't we do so?

I don't go with the norms. We should think outside the box. If we do it what will happen? Okay when 1ngn was equal to 1gbp,our economy was better than more the us right?

Devaluation favours the elites cos they pile up their funds in hard currencies and wen they bring such funds here it becomes massive.

Wen u bring it 2m dollars here and it is 2m ngn or wen u bring ur 2m usd here and it becomes 2 bil usd which is better.

Datedoboy:

U saw how Nigerian traders were disgraced in Ghana and it took the intervention of our VP to calm nerves.
Our aim is to be higher by introducing naira for dollar? It is development for them cos their currency is better that is why their Government asked Giant of Africa citizens to pay 1m usd b4 u do business there and yet people are rushing there.
Let me answer your question. Our aim is to be better than Ghana by introducing policies that will make 5kNaira equal to 1usd. Our competition is not Ghana. Ghana is too small We are competing with Zimbabwe after all Ghana has more exports than us

SmartPolician:



What's the name of the blockchain?

hardasan:


I'm actually surprised you are this educated, judging by your occasional biased posts.

Anyway, here's my 2cents, the Nigerian government messed up on this enaira. It's a cryptocurrency without a tokenomics, rendering it as useless as a wallet created by any shopping site just that this wallet was created by the CBN.

This thing is really not hard... Few things that will turn enaira around:
1. A coin with an infinite supply would need external factors to appreciate (which Nigeria lacks, judging by the physical naira's performance). Let there be a defined number of mintable coins. Even if they peg the total supply at 22trillion, e go finish. The lesser the supply, the higher the value of the coin. Common sense

2. Staking a.k.a fixed deposit, let them create a fixed deposit system, that's the only way to successfully encourage people not to spend their enaira.

3. Let people be able to raise bank instruments in any currency from their staked enaira balance or send payments in any currency to anywhere

4. Ease of sign-up, will an investor from Malaysia or Australia need a BVN and an otp to invest ? Checkout other wallets, with a password phrase and maybe a pin, you're good to go. Email can be added for security reasons but all these verification bla bla bla needs to stop

5. Let the government forget about trying to know who owns what... When they link their wallet to their bank account, you'll know who they are. But a millionaire from South Africa definitely doesn't want anyone snooping around his identity...

6. Let's have something like a bscscan where every transaction can be tracked so we know where our tokens vanished to if something funny happens.

I bet it, naira will appreciate tremendously if this happens...

Note: e-naira is a cryptocurrency built on the Hyperledger Fabric Blockchain which is an open source block chain targeting financial houses and governments.

Buzx:


The enaira cannot be some of the things you listed above because that's not its aim.

Timoleon:
nigerians are going to Ghana because the country has an economy that is conducive for business. Not because cedi is higher. There’s peace and security, there’s constant electricity and there’s a progressive thinking government. If Nigeria has these, many people wont bother traveling out for business irrespective of the value of naira. Know this and know peace.

emae009:


I'll just leave you with this:

leave the elites propaganda for a second and reason as an importer or exporter or business person.
if you still don't see how that's not possible then I can't help you either

thebosstrevor1:


The mistake he is making is thinking the e naira is a new form of currency when it is just an imitation of physical naira currency.

You cant pegged 1 naira to be 1 dollars, when physical fiat is not pegged like that