₦airaland Forum

This is terrible 😔. These are my people .While trying to beat the traffic, the driver took a one-way lane at night and was speeding, probably drunk, and collided head-on with a trailer. Most passengers near the front and middle died instantly. Only a few in the back seats survived with broken limbs. My heart goes out to the families.

Pls anyone that's interested in buying a brand new 1.5hp hiaerthermocool split unit AC, should please contact me. Was bought brand new and used only for a few months. Selling because owner is traveling. 08039113437 (what'sapp only)

By Chris Coney

Lately, I’ve been on a quest to encourage investors to take crypto more seriously.

Personally, I feel like many still see crypto as some freaky sideshow when in fact, it’s the main event.

Even though most of the capital may reside in the legacy system right now, investment gains typically come from growth areas. And that most certainly includes crypto.

But there’s another reason why traditional investors often hesitate to take the leap of faith into crypto. Namely, “Bitcoin (BTC, “B+”) [and other cryptos] are not backed by anything.”

Rather than respond with a counterargument, I’m going to show why that entire thought process is flawed.

In fact, the lack of “backing” is precisely what makes BTC and other cryptos so valuable.

You see, when people say “backing,” they’re referring to legacy ideas such as some authority figure — like the government — decreeing value like it were some kind of financial deity.

But in my world, there is no greater authority than the mass of humanity itself.

As I like to say, “As humanity moveth, so doth the world.”

That basically means money and value go where people go.

Now, let’s use a theoretical example to prove that. Imagine if we all moved to Mars.

If that happened, there would be no economic value left on Earth because economic activity is human activity.

Therefore, it’s what we choose to do that gives something value.

By that string of logic, the dollar doesn’t have value because the U.S. government says it does. It’s because the world is currently using it as the main reserve currency and for international trade.

So, here I have already proven my point before even getting to crypto.

The main reason the dollar has so much value isn’t because of what it’s backed by … it’s because humanity is in consensus about it being the best and most useful tool for an important job.

A long time ago, the British pound used to have this job. But then it was replaced by the U.S. dollar.

This is the concept of Metcalfe’s Law applied to finance:

Basically, the more people use a network (like Facebook), the more valuable it is due to the number of other people you can connect with.

Since the U.S. dollar is globally agreed to be a good currency, it’s acceptable as payment pretty much everywhere.

But that’s not inherent to the dollar, since I pointed out a moment ago that the British pound was previously seen this way.

Back then, the world was in consensus that GBP was the best currency to use.

This is the essence of the point: People are free to leave and join these networks at will based on which one offers the most value to them.

So, why does one network win over another?

To make this easy, let’s compare two well-known social media networks as an example.

Remember when MySpace was the “it” website? Well, Facebook took over simply because it provided a better platform.

Thus, all it takes for value to flow out of a global network like the British pound into a network like the U.S. dollar is for a new platform to be perceived as superior.

Now I used the word “perceived” here specifically because the concept that “money has to be backed by something” is a perception.

After all, money existed for thousands of years before any kind of authority figure or government was around to decree that a certain thing had value as money.

Just look at gold. It emerged as a preferred payment method after being selected by the mass of humanity itself, without any need to be told it had value.

People just figured this out intuitively by looking at the special properties of gold.

Today, we are in a situation where the U.S. dollar has the unique property of being in infinite supply since the central bank’s money printer can always create more out of thin air.

And now more and more people are realizing this is the cause of their groceries rocketing in price.

Indeed, we are in a situation where a tiny group of people at the Federal Reserve make decisions about the U.S. dollar that have repercussions for everyone who uses it.

Worse still, all these people don’t have any say or representation at these Fed meetings. Yet, they still have to deal with the consequences.

I have made this point many times before, and it’s time to make it again: Every penny of capital that is in Bitcoin today is there voluntarily.

While I said here that the dollar has value because humanity deems it does, there is an element of involuntary use. After all, the U.S. government forces the U.S. dollar’s use to pay taxes.

At the end of the day, these are attempts to prevent the natural order of things that made money what it was before governments existed.

Namely, the natural process of humans self-selecting the money they want to use based on mass consensus and Metcalfe’s Law.

Enter Bitcoin
In my view, Bitcoin’s current and future success is largely due to the simple fact that it mirrors natural law.

Bitcoin brings money back to a time before government decrees by providing a way for the whole world to reach financial consensus.

It was not forced on anyone. It was chosen by everyone based on its merits.

Right now, the biggest barrier Bitcoin faces is the way it is perceived and the distorted perceptions that surround it.

These distortions largely stem from those who are in privileged positions that allow them great influence over the dollar — positions that shouldn’t even exist.

You see, the U.S. dollar is a hierarchical system which gives rise to phenomena such as the Cantillon effect.

This is where those closest to the central bank benefit the most from newly printed money … and those the furthest away from the central bank are harmed the most by newly printed money.

In comparison, Bitcoin and many other cryptos do not have this type of detrimental effect. They are flat, network-based systems where every role is open to anyone without permission.

No old boys club, no revolving doors and no central planning behind closed doors.

So, the very fact that Bitcoin is not backed is precisely why it has value.

It has so much value because humanity has voluntarily come to a consensus that it does.

But that’s all I’ve got for you today. Let me know what you think about crypto being a form of payment you can voluntarily choose by tweeting @WeissCrypto.

I’ll catch you here next week with another update.

But until then, it’s me Chris Coney saying, bye for now.

Unquote:

I found the above very insightful and thought I should share. Cheers

How many plots of land will do for this? And what's the price of the plan?

vaxx:
Criminal case is against the state while civil case is against individual. Even if the lady in question collect the money , the state will still go ahead with the case . It is about the state and Mr culprit. You don't come to court and waste court time .

My thoughts exactly. The widow has no power to withdraw the case.

Reincarnation is as real as getting hungry and eating food, falling asleep and waking up, you die and must reincarnate. It's the natural cycle of life. Christians may choose to disbelieve, but it doesn't change the reality.
The sad thing about reincarnation is that you lose past life memories, but people with strong souls and psychic abilities recall, especially, during their childhood, but lose these memories as they age.
Your girl child is perfectly normal, disregard some people asking you to go for deliverance and other nonsense.

Binancian:
Lol take this nonsense propaganda to your telegram where people can't say their mind. I knew agent of the clown would quote me. Cause you guys are everywhere like flies defending the demon

Shut up please. You make a fool of yourself when you speak about things you don't know.

Binancian:
they better get their acts together
thats how Jesam Michael and his AAS afriq arbitrage ponzi fleeced 1000s of Nigerians to buy houses in lekki while lying about upgrade
thankfully efcc is tailing him now

these people bring bad name to crypto

Stop saying what you know nothing about. AAS trading is real, the upgrade too is real. For your information, AAS is the only online platform in Nigeria that is registered with Efcc. Some security personnels are also investors. How can jesam Michael now be stupid enough to think of scamming anyone. Please get your facts right

sweerychick:
True: as a tech expert it could lead to increased cyber attacks, Cyber Apocalypse, Massive Job loss already IBM has announced to lay off more than 7k workers and replace them with AIs. It can also threaten the Human Race. Some of these AIs can become self aware and replicate into dangerous machines and attack Humans.

Movies like the Terminator and games like Metal gear solid comes to mind

Valid points you have made, I will just add that the only sensible thing for any smart person to do now, is align with this obvious 4th industrial revolution(AI, blockchains, robotics etc) and use them to better their lives. However I think creating self awareness or consciousness through technology is still a long shot, may never be possible - spirituality or divinity still has its place.

Printerscanner:
Imagine! The so-called graduate writing "even though". No wonder the dumb graduated with a 3rd Class. Very dumb idiot.

You obviously don't understand English language, "even though" is a phrasal verb, and simply means, "despite the fact that".
Please stop making a fool of yourself because of hate

Guyman01:
Everyone with conscience knows that the election was a huge disappointment, I am already tired of reading comments by ethnic jingoists calling anyone who doubts Tinubu's victory as Igbo.
Nairaland has become a very toxic location.

Some of the mods are bigots themselves, so it's a hopelessly flawed site to have any issue based, intelligent discuss. Ive been in nairaland for over a decade now, but I will soon exit because it's increasingly becoming toxic everyday. There's no day I visit here I don't get hurt by the comments of some silly people that wouldnt hesitate to insult a whole tribe just because they disagree with others views. It's pathetic

When I read people's replies here, I shudder. Crypto is simply revolutionary - blockchain technology, AI, and HFTs etc, once you learn these, you can never be poor in this life. You will be a blessing to your future generations. Ignorance sure is = poverty.

Ura:
Any updates on AAS please?

go and invest, the project is real

Smartjeezy:
That frog voice always acting smart.
I like am before but him dey over do now.
We all voted for obi during the presidential election but things have changed now. Don't cause problem for lagosians because of your greediness. Leave Yoruba people alone and stop seeing them as a weak. Yoruba are good people but some unscrupulous element want to take them for a fool. Let me relocate my family to somewhere else before this time bomb explode. (Obi go shock by Saturday).

You didn't vote for him; stop the pretext. Be bold enough to criticize him without lying about once being in his camp. It's disgusting

It's obvious that APC and their supporters are living in fools paradise. Are they blind to see the impending shame and disgrace. Their scheme is just a house of cards that shall soon collapse. They should visit inec portal to get an idea of what's coming.

All those insulting Obi and ridiculing him now will be shocked and heartbroken at the turn of events in a few months time. 95% of everything predicted about the just concluded presidential election has already come to pass. What's left now is the 5% that will shock everyone, bringing sorrows to the enemies of Nigeria and joy and excitement to all well meaning citizens.
Brace guys, interesting days ahead. We should all try to stay alive to witness it.

emmzo:
Pls all labour party results should be uploaded
INEC declared APC winning with a margin of 2 millions plus in their BVAs room now
They have rigged this election
The northerners are not posting results

FAKE NEWS

Righteousness2:
Christianity is not a bed of roses.
The way to Heaven is narrow way. And only few people are on it.
To follow JESUS you need to be ready to " Carry your cross" and follow him.
To Follow JESUS, you need to be Ready to deny yourself and anything or anyone and follow him.

To Genuiely follow JESUS, irrespective of whatever inconveniences and evil that men do to you, you look up to Christ and not to them. Men can fail at anytime! Your Dad, mom, twin or whoever can fail and frustrate you. But in all these you look up to GOD and Depend on him.

JESUS said if you look back from following him, you are not fit for the kingdom.

Christ and babalawo have nothing in common. That is an act of going back to the gods of your father's house

If you are following GOD and you get distracted because of Vanities, what to eat, what to drink, etc , you are not fit for Heaven.

Brother You have missed the track. You have left the narrow way to the broadway.

Don't let anyone Deceive you with gratifications. Eternity is a Personal Race. If you want to be with JESUS, then u need to return back quickly to HIM and ask for Mercy and Forgiveness.

And the Enemies Submitted Program of the Lords Chosen coming up June 11th and 12th in Lagos is an opportunity for you to return to Christ and make Peace with Him.
Do all u can to be there.

You don't understand the guy's implications of the story - the true Gods have won him over; he will go on to serve them, and he will see results. Cheers

Today is 31 May and online registration is still ongoing
I just completed mine a few minutes ago and booked my appointment. Please do the needful while the exercise is still going on. Cheers

Slimanyd2:
Chat me up via my digit above. The bot keeps banning my other line reason why I was unable to respond to your request faster.

Several scammers are on nairaland and now that this thread is growing bigger day by day. Scammers eyes will be frolicking about. Be careful of you deal with here on this platform , They will collect your USDT and block you straight up.

Thanks

Slimanyd2:
Seems ure new on niaraland? I pray u don't get scammed so so quick and you won't put my thread in the Dark light If you got scammed. If you wanna sell your USDT or buy USDT. Chat the thread OP up via 07039421858.

I'm not new on nairaland, you can check my profile. However, I'm new in crypto and binance, but I'm not new in business generally. I will contact you. Thanks for your concerns

Proteck:
you can sell to me for 555naira USDT TRC20 only

OK, how do we transact

Drey1:
THERE ARE NO SHORT CUTS TO SUCCESS

Whatever you want in life, you must give up something to get it. The greater the value, the greater the sacrifice required of you.

Everything has a price.

There's a price to pay if you want to make things better, and a price to pay for just leaving things as they are.

Nothing worthwhile ever comes easily. Work, continuous work and hard work, is the only way to accomplish results that last.

Use your imagination more than your memory to achieve success.

There is no success at bargain basement prices. The highway to success is a toll road.

Good day every body following this thread..May God bless our hustle everyday Amen

Hi bro, please how do you cash out on binance for usdt? I tried to sell and convert to naira but the naira exchange rate for usdt is about #464 which is too low. I bought usdt for #589 before trading.
Is it possible to send dollars from binance to my dollar account here?
Thanks

Holy2Glory:
Oh see how my people perish for the lack of knowledge. Foolishness is quite overrated here. Live and eat, food for the belly and clothe for the body; but yet there is a spirit in man, and the inspiration of the Almighty giveth him wisdom

I'm not talking about only food and cloths, foolish man. I'm talking about all the spiritual practices and discipline that help your soul to evolve. Have you heard about meditation before? Do you know what it means to actually live by saving your own soul. Poverty shall weaken your body and the strength necessary for the pursuit of these and so should be conquered. A dead Jew that never even existed will do nothing to save your soul. Wake up from your delusion.

Righteousness2:
Poverty is not a thing of Joy , but it is one of the least things one should be afraid of, because as long as there is Life there is hope. It is just a thin line btw poverty and Wealth. A poor person right now can have his life changed in the next hour or befor the day ends.

What should scare anyone is to Live without JESUS Christ or to Depart this world without JESUS Christ. That is Greatest Calamity that could befall any human.

Living only for a allegedly crucified Jew is being stupid and crazy. How can I then enjoy my God given life and truly live. We should live to evolve, not live to die. Poverty should be defeated by all means to have some comfort to live and evolve.

ehay:
[color=#006600][/color] I

Those offences you thought were overlooked because you were rich were stacked somewhere waiting to be brought out at the days of reckonings. Women do not forget or overlook, they patiently (even if takes 40 years) wait for when misfortune will visit you to pay back all the hurting you caused them when you where forming maximum ruler.

You may be right to say women are vindictive and do not forget easily. But my point is that success sort of has a soothing effect because of the many good things that come with it, but once this relief from money fails, majority of women become easily irritated and even find faults in the most trivial mistakes just to create an excuse to leave the marriage. Even your jokes become irritating. So, if as a man you really have serious character flaws, and you have also lost your financial power, then you have just served a breakup excuse on a platter

CIAOps:
The girl is not from a poor home, I know them very well, her dad was a professor, all her brothers are American citizens doing very well in the USA.. Julius agwu was privileged to have married her.

Whether from a poor or rich family, once her man stops making adequate money, trouble starts. Offences that would normally be overlooked or played down become exaggerated and made a big issue. I know this from experience. The role success or money plays in a marriage can never be over emphasized. A good man that's poor can never be appreciated or loved. To be poor or struggling is a curse.

Toks2008:
Whenever Kemi speaks, I listen regardless of what people say about her.

I fear who no fear women. Person wey sleep with Satan despite all warnings by ALMIGHTY GOD.

Una think say nah apple Eve Chop?

She ate the FORBIDDEN FRUIT (Most likely slept with the serpent)

Well just kidding about the sex part but only GOD knows.

Just fear women. Shikena

Stop desercrating the Holy name of Satan. Have you no fear?

Can a man marry two wives? yes.
Did he promise his first wife she would be the only wife in his life? we don't know.
Is he happy with his decision? Most likely.
So, why are we hard on him? When has it become a crime to seek happiness?

Congratulations Yul! Don't mind those speaking scandal against you, my brother.