₦airaland Forum

crownedrookie:
1btc was over 400k 2weeks ago. Go check it now

herzern:
I can't help but lauqh at one of the posts above mine.

If truly bitcoin appreciate..why are you all in a hurry to sell?

Infact,Some offers discount.

My take is that the value isn't subject to appreciation,It depreciates too.

crownedrookie:
Bitcoin has been falling in value the last few weeks

greatKCforever:
bros, you fit enlighten me on this bitcin thing.like if you buy now, what programs do you engage in so iit grows?

AK6464:
How much is the bitcoin?

Limitless72:
How much is the bitcoin

Lucy Nwachukwu(NAN): Alhaji Umaru Ibrahim, the Managing Director, Nigeria Deposit Insurance Commission (NDIC), on Friday said the commission and CBN had set up a committee to look into the trending digital currency, Bitcoin.

According to Bitcoin.org, Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part.

On Bitcoin reddit page, it was explained that it is the currency of the Internet: a distributed, worldwide, decentralised digital money. Unlike traditional currencies such as dollars, naira- bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation, devaluation, import policies, currency fixing and corrupt banks. It is a true floating currency whose value is determined by demand and supply.

Ibrahim said this at the ongoing 2016 Workshop for Financial Correspondents in Kaduna.

The theme of the workshop is ” Economic Recession and the Nigerians Banking Sector: Opportunities, Challenges and the way Forward”.

“On our part, we have constituted a committee together with the central bank to have an in debt study of this phenomenal bitcoin.

“We will look at its advantages and disadvantages, what it means for the payment system and what it means for safety and security of customers.

“We will also look at what it means for money laundering, anti-corruption, crime and measurement of money /near money instrument for the economy.

“But we need a lot of education to do this and I’m calling on you (media) to educate yourselves about all of this so you can educate the public,” he said.

Ibrahim said ‘bitcoin’ included what is being called block-chain technology-based products in the market.

He said that a lot of Nigerians had already started patronising bitcoin, stressing that ‘it had started to creep in and nobody could stop it.

He said that in Europe and the United States, it had gained currency and some of the leading banks in Europe had also adopted their own versions of bitcoins.

“Some of the central banks have also adopted it and are seriously doing everything possible to bring in the emergence of this invisible products.

“The owners do not need any central bank; they do not need any physical bank.

“If you are a subscriber, you only know yourselves and they give you a bit of the bitcoin and in some countries, you can convert it to cash.

“You can make payments with it because it has been recognised and one of the famous ex-chief executive of Barclays PLC, Antony Jenkins, have joined the group’s board of directors,” againstIbrahim said.

He explained that the financial service industry is not spared in all of this.

On the issue of “MMM”, he said it had been pronounced that it was not recognised and was illegal.

“It is a very serious matter and all hands must be on deck to educate the on things like this.

On the current problems regarding the emergence of wonder banks, Ibrahim said NDIC would not relent in calling on Nigerians, educating and sensitising Nigerians on the dangers of patronising wonder banks.

He urged the media to help and continue to educate the public not to in anyway patronise institutions that were not licenced by the Central Bank or insured by the NDIC.

On financial inclusion, he said although the success recorded was not much but there had been improvement in the area of financial inclusion in the country.

“The successes recorded is not much, but it is a good start given the prevailing number if Nigerians excluded financially,

“I think if you check the statistics that has been rolled out you will appreciate that we have recorded tremendous successes in the last three years.

“This is since the introduction of cashless policy and mobile banking to the extent that more Nigerians are getting involved.

“But we have a very long way to go and it is your responsibility, as journalists, to continue to help educate Nigerians on the advantages of not keeping their money under their pillows and matrasses or in some cases in soak aways and ceilings.

“We know that people fear electronic fraud, but I can assure you that CBN and the banking community are doing everything possible to block all loop holes associated with mobile banking.

“And the advantages far out ways the disadvantages,” he said

Divay22:
1m.....who are......... EPP

DonLo:
Sariki, the PDP guy in APC cloth. He is making a good senate president I think safe his corrupt tendencies. A good check for buhari.

progress69:
Please just shut up and gerrout!!! You clowns disgust me!

Spy360:
For Wenger to resign, the whole lot of mediocres would have to go with him. No modern day manager can play with those guys.

We could win 3 matches in a row and still get stuck on 6th.

Elxandre:
THis is what kagawa10 doesn't understand.

He thinks a striker needs tons of chances to score.

biz9ja:
A friend of mine asked me this question, he said doing business is next for his life since he has been unable to secure a good job after his NYSC. Now I have given him few businesses I think he can but seems not yet satisfied. Nairalanders I trust you all but please reasonable ones, he resides in Ibadan.

JayKayMaybachz:
Dem can sabi menstruate for Feb eh

Elxandre:
Chelsea will be next to suffer.
Too many narrow victories.
And they are creating few clear chances, but Costa is saving them for now.

Keky:
Özil was appalling today and he'll get a large share of the blame but no one performed. No one ever does when it matters, Wenger's why.

A good christmas present would be Arsene resigning and letting someone else lead us forward. We wouldn't finish 7th. Trust me.

Spy360:

Oasis007:
"I'm settling in, I feel happy, I feel good. Even if I am 35, in my mind I am 20. I think I can play also at 50! But the older I get, the better - like the wine. You like wine? It's the perfect example.

"The only thing that surprised me [here] is the game is end to end. It's not controlled by one team but is back and front, back and front. The rhythm is high, which I knew, and I was prepared but, for this game, I have to prepare the body for it. I've played in different championships in different countries and you have to adapt the body for that, the way it is played.

"Yeah, it was a good game [West Brom Match], we took the three points but it was a difficult game. It was very physical but, at the end, we won and we're happy with it. Every game is hard, not only here, but we were prepared for it. We know it and we are working hard but we got the three points so it was good."



- Zlatan Ibrahimovic

Masikay:
Yu can't tell someone something this serious over text.

Mtncardseller:
lol....na mouth go kill you

panpadre:
r*bish mmm and ignorant people this is stealing and you can't say let's change the world when you're stealing from Paul to pay Peter greedy Nigerians leave mmm alone it's pure stealing

bigkesh:
Arsenal is back to 4th

Destiny can be delayed but not denied

Iamfemi:
I LOST A WHOPPING 1.4M INTO MMM AND HELPING REVOLUTION. AM NOW LEFT WITH #40K IN MY ACCOUNT.
PLS WHICH RELIABLE MUTUAL PEER TO PEER NETWRK CAN I START WITH MY #40K TO RECOVER BACK MY 1.4M WITHIN FOUR(4) MONTHS....??
PLS I DON'T DO MLM, JUST HELP ME WITH SOMETHING REAL