₦airaland Forum

eldoradoxx:
This people should be able to install water sprinkling system to keep their vegetation green and the ground well watered during their dry season. This will help cut off the spread of wildfire.

It’s not that easy. Unless they can get water from the ocean via pipes. Underground water reservoir and aquifers are too precious to be used for sprinkler systems on a massive scale.

Righteousness2:
It's only what you have Power to Handle or contain that you will handle or contain.

When Man has a problem with man, we go to God Almighty for help. When GOD Himself is the one dealing with man, there is no hope or help.

What is happening is just the shadows or what I call " Testing the mic " of God's coming Judgements on Humanity.

GOD destroyed sodom, Gomorrah and those in the days of Lot for the same evil and Wickedness that is advanced and propagated in the world today.

The World has not seen anything. All these happenings are just testing the mic. The Undiluted and Unadulterated wrath of GOD is Coming. That is why we are here pleading on all to do the needful which is Genuiely embracing JESUS Christ so as to Escape what is Coming.

Let those that Have Ears to Hear, listen and do the Needful .

People like you are the problem of this world. I’m very sure even Jesus will rebuke you for the rubbish you spread.

Karrtel:
I combine both... vape pens mostly

I use vapes and I stopped smoking cigarettes.

Kaiair:
Nothing will ever make me give up cuban cigars

Have you tried e-cigarettes? They help with smoking cessation

jmoore:
Joe Igbokwe the commissioner of gutter in Lagos state has said that he would have been chasing lizards in Aba as a native doctor if not for Lagos.



https://m.facebook.com/story.php?story_fbid=pfbid0b4oUY1btTVwhdheoNu3jJiCAyFopB8q46vXUCLDXWeD5BTVqFa1yLyMTJWPSuvEkl&id=100001155348708

But he is Lagos cleaning gutters and not doing a good job at it.

Mrtaye:
Mumu says wkipedia who be Wikipedia no be people dey run wikipedia abi where was wikipedia when wtc was bombed...ogun kee your wikipedia

At this point, further reasonable engagement with you is worthless.

Mrtaye:
Sadam being sympathetic with alqueda was his undoing so after the invasion did USA annex any part of Iraq ,stop following Russia blindly Russia is a rogue nation with ulterior motives

Saddam sympathetic to Al-Quada? Lmao!!! This is a very new information from the Nairaland Chief CIA officer. Please kindly research before spewing nonsense in public forum. Even Wikipedia labels it ‘scant evidence’ which is a polite way of saying its BS.

Anyway, your opinion is yours and irrelevant because you are amplifying the same fake news that has caused the destruction of nations over BS like Libya and others.

Mrtaye:
USA not scared but too civil to invade Russia

Too civil to attack Russia, are you trying to say the USA was barbaric by attacking Iraq with fake news?

It’s okay to defend rubbish but use sense when doing so.

Nonsense, same Nigerians abroad the Buhari government has refused to allow their parents pay their school fees but made forex available for corrupt politicians. APC and PDP is out for themselves only.

He should eat his words cos they mean nothing to Nigerians abroad.

I’m ashamed of Nigerian youths voting for a man based on money politics and ethnic sentiments instead of who can make the country better.

It will take 500 years before we progress cos our father’s generation, our generation, our kids generation are all already lost case.

Voting for Atiku and Tinubu? Really? That’s disgusting on so many levels. Both are known to be corrupted economic thieves yet young Nigerians support those fecal matter. Shame on you guys mehn

zionstaar75:
I was right about u ain't?I support pter obi but I campaign with superior arguments not the senseless tirade u indulge in.as for the 30k accusation I'm laughing so hard.that can only buy data for me.no need to say any other thing....empty barrels..

You are a very hardcore simpleton you know. Jumping into unnecessary conclusions to prove a disgusting point. All you have done so far is give zero argument and many insults. What point have you contributed that makes sense?

Go back and learn boy.

zionstaar75:
so in your mind each delegate was given 25000 dollars, u must be a simpleton, apart from gazette which paper carried it?didn't all newspaper carry pdp"s own?

So fast to label someone a simpleton when your character perfectly describes who a simpleton is. Simpleton slave that always fights for those who oppress you. Ain’t you ashamed of yourself?

If at all you are being paid to defend economic fraud, at least learn from this and demand to be paid $300 instead of the N30k payment that is not even regular.

Guy, shift abeg. Go and solve your own problem and stop insulting people online. Be respectful in your response to sentences you don’t support.

Delegates hearts were won by $25,000 not all this English you are typing.

Ok

Kobojunkie:
Considering the rush that went into the creation of this vaccine, I think that trend is about to change some.

Russia will use it as a geopolitical games not business.

dawnomike:
Huge revenue potential for Russia... If a vial of vaccine is sold for just $10. That translates to $10 Billion dollars within days for the country.

The reward of advanced research.

Vaccines are usually very cheap and sometimes free. $10 is too much

naijaking1:
Would you take a vaccine from Putin?

Why not?

Yht

tsephanyah:
Frustrating to see smart people not getting it, this thing is basically the flu. Last flu season 60 million people had the flu and 57,000 people died from complications of the flu, most were elderly or already sick from something else.

Stop spreading fake news. It's not basically the flu. Is fever basically headache? Is pneumonia basically cold? It has flu like symptoms. The structure of the virus has elements of SARS and other cocktails in it. Because it exhibits flu like symptoms doesn't make it basically the flu as you claim.

Scientists are scared and working endlessly to stop the spread and here you are, using fake news to promote ignorance.

If you disbelief the science, then good for you, but posting this on many coronavirus thread is not something else

Yhu

Adanairaland:
Those travelling from Lagos to Uyo,
How much is the transport?

12,700

What did you understand?

verycheese:
Thanks for explaining ó. I have tried to understand it all day. English is not beans my brother, thank you.

Okl

Yg

Jh

He's obviously still pained and still feels humiliated by the young man who told him to vacate his seat on the airplane.

Who isn't disappointed with everything Nigerian Mr.Nobel laureate

GISpro:
OP is biased and can cause war. True, every human is biased, we can only reduce it with reasoning and conceal it with diplomacy.

The choice of words and expression is poor and unprofessional. Many of our writers need to learn the art of diplomacy.

Presenting quoted comments in understandable manner is unprofessional?

You want the writer to give his own opinion on the matter too?

What's your real beef with the article?

Truth too cold? Does the implication of what your socio cultural groups and leaders utter make your skin crawl?

What's Your beef with the write up OGA SIR?

I noticed you gave no personal opinion on the matter. You want everyone to be quiet like you? To accept bullshit and ask for more?

Mr Madam, leave the writer alone and make your comment on the issue

Cryptocurrencies have become a global phenomenon in the past few years. Now Facebook is launching it’s own cryptocurrency, in association with Visa, MasterCard, Uber and others. The stated aim of Libra is to “enable a simple global currency and financial infrastructure that empowers billions of people”.

The announcement has sparked fears that Libra could be a threat to traditional banks, warnings to be cautious, and sceptical commentary of claims that it will help developing countries.

But let’s go back to the basics and look at what Libra is, how it compares to other cryptocurrencies and whether you should be concerned about using it when it eventually arrives.

What is a cryptocurrency?

Currency is a system of money that is commonly used in exchange for goods and services and, as a result, holds value. Cryptocurrencies are digital currencies that are secured using cryptography.

The more popular recent cryptocurrencies are based on blockchain technology which uses a cryptographic structure that is difficult to change. One of the key properties of this structure is a distributed ledger that keeps account of financial transactions, which anyone can access.

What is Libra?

Libra is a new currency that is being proposed by Facebook. It’s considered a cryptocurrency because cryptography will be used to help protect the value of the currency from tampering – such as double spending – and to protect the payment process.

Libra has the potential to become successful because of the backing from the Libra Association, which is made up of large international corporations such as Facebook, Uber and Vodafone. MasterCard and Visa have also thrown their hats in the ring, but no traditional banks are on the list.

What’s different about Libra compared with other cryptocurrencies like Bitcoin?

Cryptocurrencies like Bitcoin and Ethereum are quite egalitarian in nature. That’s because there is no single authority that verifies transactions between parties, so anyone could potentially do it.

To authorise a Bitcoin transaction you would have to prove that you have done the work, known as a “proof of work”. For Bitcoin, the proof of work is to solve a mathematical puzzle. People who successfully solve the puzzle (proving they have done some work), can add transactions to the blockchain distributed ledger and are rewarded with Bitcoins. The process is known as mining.

The good thing about this is that it reduces fraud. Since anyone can potentially mine Bitcoins, it’s harder to collude as you wouldn’t know who the next person to mine a coin would be. And it’s simple to verify that the person is authorised because anyone can check that the puzzle has been solved correctly.

Based on the initial descriptions of the currency, it sounds like the difference with Libra is that it will verify transactions using a consensus system known as “proof of stake”, or a variation of this method. Under this system, transactions would be authorised by a group of people who have a stake or ownership in the currency.

This makes it easier to predict who the next person to authorise a transaction might be (since there are a relatively small number of authorising group members), and then collude to launder funds without other group members knowing.

It appears the criteria to become a founding member of the Libra Association is to contribute a minimum of US$10 million entrance fee, have a large amount of money in the bank and be able to influence a large number of people.

What are banks and regulators worried about?

Cryptocurrencies affect governments and tax systems since they have little to no transaction costs when money is transferred across borders. So while the low transaction costs would be good for everyday users, the advent of a new cryptocurrency with a potentially very large user base has governments and traditional banks very concerned.


While Libra is open source – meaning the source code is available for all to view, use and modify – it’s the members of the association who will be overseeing the currency. Libra could herald a shift away from traditional government taxes and banking fees to a new international monetary system controlled by corporate entities like Facebook and Uber. That’s a concern because of the lack of oversight from regulatory bodies.

What should everyday people expect from Libra?

The backing of software giants means it’s likely that the user interface for Libra coins would be smooth and simple to use.

Low transaction costs would benefit users and the Libra Association promises to control the value of the currency so that it does not fluctuate as much as other cryptocurrencies. It’s unclear how they plan to do this. But value stability would be a great advantage in times of uncertainty.

What are the risks?

The everyday consumer probably wouldn’t know the difference between the “proof of work” and the “proof of stake” mechanisms. But since Facebook has a large database of users that are known to use Libra, it may be able to link Libra transactions to individuals. This could be a privacy concern. (Bitcoin transactions are anonymous because account numbers used in Bitcoin transactions are not linked to an individual’s identity.)

Recent cybersecurity breaches have contributed to a growing awareness of the vulnerabilities of IT systems. As with all software, the Libra implementation and management could be vulnerable to attack, which in turn could mean users could lose their money. But that is a risk that all cryptocurrency users face, whether they are aware of it or not.

What steps could consumers take to protect themselves?

No matter what cryptocurrency you choose to use, your funds are still accessible through the same interfaces: a web page or a mobile app. And the way you control access to your personal funds is by authenticating with a password.

Make sure you keep your password safe by making sure it is complicated and hard to guess. Look for applications that allow you to use two-factor authentication and make sure it’s turned on.

Libra is yet to prove its claims of making financial transactions safe and convenient. Only time will tell if its uptake will become widespread following its expected launch next year.

https://decoffeehublounge./2019/07/01/libra-has-the-potential-to-become-successful-because-of-the-backing-from-the-libra-association-which-is-made-up-of-large-international-corporations-such-as-facebook-uber-and-vodafone-mastercard-and/

Get this clear. A single currency to service multiple exchange rates, economies and society is doomed to fail.

Creating financial instruments without solidifying the politics is the same mistake EU is grappling with. Last time I checked, Nigeria doesn’t give a damn about ECOWAS, it shunned the ECOWAS fulling on releasing Dasuki, the infamous President Bubari mission of vengeance is nothing to ECOWAS.

Without been sentimental, what good will the single currency do without strong judicial and political might like the EU. Keep in mind that the EU isn’t strong enough and the experiment been in place for more than 10 years with Britain, the top financial and political leader rushing to leave the union, a divorce from EU so to speak.

There’s already freedom of movement somewhat between ECOWAS nations but you don’t see Nigerians heading anywhere after the Ghanian bothers, no offence to other ECOWAS nations but the economics don’t just match. The new currency will only increase movement from other ECOWAS nations to Nigeria and maybe Ghana.

The futuristic rise in population growth of Nigeria will definitely cause racial problems with outsiders. Nigeria is facing acute unemployment at the moment, with the potential new comers who will like to take advantage of the new currency to find a better life in Nigeria will heat up the economic soup and might implode into something the country is trying to avoid, public disobedience in mass.

In trade, ECOWAS nations have to come to an understanding, is our financial instrument going to be adjusted to serve all? Will a bag of rice that cost 1000ecos in Nigeria worth 1000ecos in Senegal? Will the absence of a unified border control not cause more stress on the countries? Will Nigeria allow the importation of banned goods from ECOWAS nations since we are boarder and currency streamlined?

Increase in population doesn’t favor Nigeria and that’s the sad truth. In my opinion, before the issuance of a common currency, the politics must be right and solidified. ECOWAS can’t guarantee the security of Nigeria, Nigeria guarantees the security of ECOWAS, how then can this work because make no mistake, Nigeria has the moral right to demand concessions from other ECOWAS nations due to the sacrifices it makes towards all members. The role played in The Gambia is still recent and fresh.

As a Nigeria, one thing is certain, what 1000ECO can purchase in Nigeria, it won’t purchase in Ghana. A cup of tea 1.5ECO in Nigeria will be 1.3ECO in Ghana, 1.1 in The Gambia. Regardless of the cheaper lifestyle for others, things will get more expensive on Nigeria again due to the population of immigrants. Economic liability immigrants if I may add.

As UK is hurrying to vacate the EU, Nigeria should be very careful of geopolitical gimmicks like the common ECOWAS currency, the ECO. Nigeria is like UK and Germany, the financial and economic power house of ECOWAS. The deal won’t favour Nigerians because of the high rate of corruption and leadership vacuum. Nigerian leaders have demonstrated times without number its willingness to screw the country for a few bucks.

My opinion, strengthen ECOWAS politically and judicially first before implementing any common currency. And I doubt any country will want to relax on their sovereignty, but unfortunately, for the currency to work, that’s what needs to be done.

The plan late Colonel Gaddafi of Libya had for Africa is a better, safer and secure currency backed by Gold, Gold Dinars, that is a great plan which I’ll discuss with you someday. It’s 1000% better than the proposed ECOWAS ECO currency that’s obviously going to be backed by sentiments.

Till the next blog post, cheers!

https://decoffeehublounge./2019/06/30/new-ecowas-eco-currency-doomed-to-fail/