₦airaland Forum

Twitter CEO, Jack Dorsey, is extremely bullish on the future of bitcoin in Nigeria.

He was reacting to an open letter by NFL star who is of Nigerian ancestry, Russell Okung.

Greetings President Muhammadu Buhari,

The hope of Nigeria lies within this generation. I am proudly a Nigerian descendant living in America and am a proponent of Bitcoin. I write to urge the Nigerian government to pursue economic independence and financial sovereignty by pursuing a national Bitcoin standard. Soon every nation will be faced with this decision, but those who seize the present moment proactively as we have just witnessed in El Salvador, will enjoy significant advantages globally for generations to come.

It is no secret that the current global economic environment is worrisome and unsustainable. Sadly, the fate of the Nigerian economy is in the hands of global central bankers who do not represent the best interests of the Nigerian people. Despite the challenges we face, the resilience of Nigerians continues to inspire. The Nigerian society enjoys more favorable conditions than many of its neighbors. However, even greater opportunity awaits with the adoption of national action in favor of a Bitcoin standard.

The tone of this letter is meant to convey urgency both in terms of the forthcoming economic despair and the limited window to act on this opportunity with fierce boldness and strong leadership. While the challenges of COVID-19 and increased global unrest continue to instill fear in the hearts and minds of citizens everywhere, Nigerians can claim international greatness by rising to the occasion that our unique times require.

Nations such as Iran, Russia, China and Kenya have been reportedly mining or otherwise utilizing bitcoin, often as a means to circumvent U.S. sanctions which prevent them from full participation in the global financial system. Other nations like Barbados, Singapore and Malta have moved to become “bitcoin friendly” in an effort to attract wealth and human capital through migration. And this week, El Salvador became the world’s first nation to require merchants to accept bitcoin as legal tender. I’m proposing an equally aggressive approach to national Bitcoin adoption which would significantly bolster every sector of the Nigerian economy and revitalize the spirit of every Nigerian domestically and abroad.

Bitcoin is not controlled, managed or operated by any single entity. It is an innovation that will surpass the automobile or the internet in terms of its impact on humanity. Nigeria does not need to ask for permission from any other nation nor acquire a license nor secure a trade agreement from any corporation to reshape its economy with Bitcoin. All that is required is a vision for a new future and an allocation of its own national resources to pursue a Bitcoin standard.

The primary reason for urgently pursuing and executing a national plan for adoption is the finite supply of bitcoin. There will only ever be 21 million bitcoin in circulation. This hard cap on the supply makes bitcoin even more verifiably finite than gold. As this simple yet unique property of scarcity becomes more widely understood, the economic laws of supply and demand will create a global frenzy to acquire as much bitcoin as possible, before it’s too late. This momentum for acquiring bitcoin is already underway throughout the world and it is rapidly accelerating. In recent months, continued economic turmoil and uncertainty has created increased curiosity in bitcoin.

Multiple institutional investors have announced sizable bitcoin allocations in their portfolios, some citing it as a hedge against a weakening U.S. dollar.

The Nigerian government, along with every other government in the world, has a once in a generation opportunity to claim global prominence by rising to the occasion. Many other politicians in Latin America have signalled their intention to pursue similar moves as El Salvador. In leading the next global financial shift, Nigeria can create prosperity for its citizens in a manner that requires no bloodshed, no election and no resistance. Such a proposition may seem too good to be true, and these ambitions certainly require thorough investigation, scrutiny and debate. Conversely, a delay in pursuing a national plan for bitcoin adoption will risk a scenario where Nigeria is left behind and its citizens excluded from the possibility of significant wealth creation and preservation. As world leaders become more aware of the chance to make history, pursuit of bitcoin will be widespread. We offer our full support, a willingness to voluntarily consult and commitment to activate every resource available to us in order to see Nigeria pursue a Bitcoin standard.

Nigeria must never carry last,

Russell Okung

Bitcoin Magazine

The people of Nigeria will lead #bitcoin ��

Jack Dorsey


The Central Bank on February 05 2021, shut down cryprocurrency exchange bank accounts in Nigeria

Ok

Useless government

I don't understand why Twitter boss Jack has suddenly started becoming more interested in Nigeria.

He no Lie na dere Our Attorney General dey Launder him loot....



Malami reading the News with VPN and iz alternative Twitter akant....

Unfortunately the government are deaf and won’t understand this letter.

Visionary.

...
Ok.
Meanwhile,
If the incidence of Christian eriksen had happened in Nigeria, he would have been with angel michael by now.

They will try to 'rush' him to hospital.
No CPR, no fibrillator, no nothing.
They will just be pouring water on his head

Lol

Baba adding salt to buhari injury


Anyway malami would be happy about the Bitcoin part

Make he wire Bitcoin to us then

Since youths are the one spearheading this in Nigeria, our leaders will never allow it.

17th century leaders

OK

jjj

This one that insults the country saying he doesn't know Nigeria or its president.
Buhari has spoken to him in a language he understand, anyone who wants to ass lick him should do that.

Mark or jack or whatever the name be is looking for a soft landing in Nigeria

This guy really asslicking Nigeria Government

Noted.

This guy will just use some people's intellect to play ludo. When the CBN ban crypto transactions everyone was just shouting and criticising the government few weeks later china also banned it and bitcoin crashed making people to loose money. And recently, there are calls from different nations about regulating crpto.

Sometimes no matter how much you hate the government, you just have to have faith in them regarding some issues because they are more informed in some aspect.

Naso..


Imagine these cow-minded leaders do not suppress tech explosion in Naija..

I love jack

Nigerian descendant? How?

See my signature..

Like play like play, this Jack don dey carry Naija mata for head of.

quote author=HonNL post=102670871]Twitter CEO, Jack Dorsey, is extremely bullish on the future of bitcoin in Nigeria.

He was reacting to an open letter by NFL star who is of Nigerian ancestry, Russell Okung.



Bitcoin Magazine




Jack Dorsey


The Central Bank on February 05 2021, shut down cryprocurrency exchange bank accounts in Nigeria [/quote].... It would make alot of sense.

Nigerian youths would only lead Bitcoin astray. Bitcoin is not for Nigeria abeg.

He certainly knows what we don't know.

All Christians are hypocrite, finished

On the other thread where that tribal mark model is complaining about religious assignment

See the way Christians are now changing story

If it had been islamic assignment, all they will be chanting is islamization

Bunch of alabosi

Unfortunately our old cargo leaders with analogue brains will not support this.