₦airaland Forum

I agree with what most of the people are saying here. Here’s my take:

1. Political stability
2. Legal stability & enforcement – independence of judiciary
3. Highly skilled cheap workers – easily trainable
4. Infrastructure
5. Power


All the factors I listed above and more do get considered when setting up a company but these factors do not all carry equal weight. The most important factor will have to be political stability. Any company that has more than a four-year plan would like to know that their existence could be guaranteed past the present administration. To many mixed messages coming from different sectors/subsequent govt.

Legal stability then comes next – one would like to know what the laws are and how they’re enforced before planning some type of long-term investment. Do Judges tend to ignore the written law in favor of local companies? Do they enforce contracts fairly?

Not having the needed infrastructure could also be a showstopper. Power on the other hand has an easy solution, the cost of which can easily be predicted and factored into the cost of doing business.

The takeaway point is that businesses need stability and predictability in order to adequately plan to recoup their investment. Until then, there’s always a stable economy in Southeast Asia.

I guess I can see what the problem is,

For the last 10 years, I've been strictly banking online. All my bills are paid online, my paycheck is direct deposited, I use my ATM for payments.

To be honest, I don't think I can survive walking into the bank for anything except if I absolutely have to. But the underlying assumption is that your transactions are secured and if there were to be fraud the bank/visa eats it.

Nothing is hack proof; it might take a lifetime or a supercomputer to crack the code. Even RSA is crackable and I'm not spewing garbage,

BUT you can make it difficult to pirate by having the authentication verified by a third party (some guy already said this). Keep in mind that even this method is only as strong as the public key. Knowing some things about the public key, you can reverse engineer it. Do you think “big brother” just higher those wizards for nothing? Notwithstanding, Otigba boys or Nigerian govt in general don't have the computational power to crack something as strong as RSA.

Usually if you come up with a protection mechanism, “big brother” will take a stab at it to let you how good it is. Countries fall due to their code being cracked. That’s all I can say…

Assuming you have something that truly works, you would turn into a billionaire overnight if your right are protected because whatever you have can be used to protect CDs and movies. You could end up getting a cut of every CD and movie sold. Let me know if you want to know more about protecting your rights in the US and/or PCT.