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Political Bitcoin: The Bitcoin White Paper, Why FG Should Ban Binance - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsPolitical Bitcoin: The Bitcoin White Paper, Why FG Should Ban Binance (660 Views)

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Political Bitcoin: The Bitcoin White Paper, Why FG Should Ban Binance by Birdbyrde440(op): 7:20am On Aug 11, 2023
Don't worry, we will decipher the fake ones very easily, they normally come with price talk, trading...

We can form a group and discuss the bitcoin white, its fundamentals, its decentralized nature, its censorship resistance future outlook, the end game, the coming cbdc regime.

FG needs to BAN Binance not because of any monetary policy effects but simply to stop the masses from accessing Bitcoin because 98% are not educated enough to understand the fundamentals of Bitcoin they keep getting scammed and losing money AND also to stop trading.

It is high time we have clear regulations around Bitcoin, regulations based on sound money not unlimited more printing, atleast for the enlightened few.
Re: Political Bitcoin: The Bitcoin White Paper, Why FG Should Ban Binance by Seefinish:
Birdbyrde440:
Don't worry, we will decipher the fake ones very easily, they normally come with price talk, trading...

We can form a group and discuss the bitcoin white, its fundamentals, its decentralized nature, its censorship resistance future outlook, the end game, the coming cbdc regime.

FG needs to BAN Binance not because of any monetary policy effects but simply to stop the masses from accessing Bitcoin because 98% are not educated enough to understand the fundamentals of Bitcoin they keep getting scammed and losing money AND also to stop trading.

It is high time we have clear regulations around Bitcoin, regulations based on sound money not unlimited more printing, atleast for the enlightened few.
leave Binance, Bitcoin and crypto trading alone. Enjoy dividend of what you voted for.
Re: Political Bitcoin: The Bitcoin White Paper, Why FG Should Ban Binance by Pierocash(m): 7:45am On Aug 11, 2023
Another fool spotted. They have no meaningful fiscal policy to combat inflation but always blaming everybody for their failures .

That was how they blamed aboki fx and even banned it , yet dollar kept skyrocketing. Now they have started blaming binance. How does binance affect the dollar exchange rate, na binance Dem take dey do importation? Ewu?

Which sensible leader who understands economy will float a currency in an importing nation like Nigeria and not expect dollar to hit four digit, oponu. They also blamed cabals for selling black market, yet the currency kept falling after their dumb mandate thief told them that they are the cause, now it is binance. We warned them about the consequences of floating the currency but they called it bluff because they don't have sense, now they are looking for who next to blame, it is now binance. Awon oponu
Re: Political Bitcoin: The Bitcoin White Paper, Why FG Should Ban Binance by helinues: 7:45am On Aug 11, 2023
Wetin this one dey talk?
Re: Political Bitcoin: The Bitcoin White Paper, Why FG Should Ban Binance by Birdbyrde440(op): 8:52am On Aug 11, 2023
Seefinish:
leave Binance, Bitcoin and crypto trading alone. Enjoy dividend what you voted for.
Check mark.
Re: Political Bitcoin: The Bitcoin White Paper, Why FG Should Ban Binance by Birdbyrde440(op): 8:55am On Aug 11, 2023
helinues:
Wetin this one dey talk?
Check mark.
Re: Political Bitcoin: The Bitcoin White Paper, Why FG Should Ban Binance by Birdbyrde440(op): 8:57am On Aug 11, 2023
Pierocash:
Another fool spotted. They have no meaningful fiscal policy to combat inflation but always blaming everybody for their failures .

That was how they blamed aboki fx and even banned it , yet dollar kept skyrocketing. Now they have started blaming binance. How does binance affect the dollar exchange rate, na binance Dem take dey do importation? Ewu?

Which sensible leader who understands economy will float a currency in an importing nation like Nigeria and not expect dollar to hit four digit, oponu. They also blamed cabals for selling black market, yet the currency kept falling after their dumb mandate thief told them that they are the cause, now it is binance. We warned them about the consequences of floating the currency but they called it bluff because they don't have sense, now they are looking for who next to blame, it is now binance. Awon oponu
You derailed.
Re: Political Bitcoin: The Bitcoin White Paper, Why FG Should Ban Binance by SyrusdeHansome(m):
Birdbyrde440:
Don't worry, we will decipher the fake ones very easily, they normally come with price talk, trading...

We can form a group and discuss the bitcoin white, its fundamentals, its decentralized nature, its censorship resistance future outlook, the end game, the coming cbdc regime.

FG needs to BAN Binance not because of any monetary policy effects but simply to stop the masses from accessing Bitcoin because 98% are not educated enough to understand the fundamentals of Bitcoin they keep getting scammed and losing money AND also to stop trading.

It is high time we have clear regulations around Bitcoin, regulations based on sound money not unlimited more printing, atleast for the enlightened few.
The FG shud ban binance so that petrol can be sold at 80 naira per litre abi? They shud ban binance so that rice can return to 8-12k per bag abi? It shud be banned so that naira can return 100h/1$ abi. Senseless pple forming nonsense on nairaland.
Re: Political Bitcoin: The Bitcoin White Paper, Why FG Should Ban Binance by Birdbyrde440(op): 9:17am On Aug 11, 2023
SyrusdeHansome:
The FG shud ban bitcoin so that petrol can be sold at 80 naira per litre abi? They shud ban bitcoin so that rice can return to 8-12k per bag abi? It shud be banned so that naira can return 100h/1$ abi. Senseless pple forming nonsense on nairaland.
Which school did you attend?
Re: Political Bitcoin: The Bitcoin White Paper, Why FG Should Ban Binance by Birdbyrde440(op): 12:59pm On Aug 12, 2023
SyrusdeHansome:
The FG shud ban binance so that petrol can be sold at 80 naira per litre abi? They shud ban binance so that rice can return to 8-12k per bag abi? It shud be banned so that naira can return 100h/1$ abi. Senseless pple forming nonsense on nairaland.
They should ban binance so ignorant ppl will not have access to posses bitcoin.
Re: Political Bitcoin: The Bitcoin White Paper, Why FG Should Ban Binance by Mossadd: 2:21pm On Aug 12, 2023
Birdbyrde440:
Don't worry, we will decipher the fake ones very easily, they normally come with price talk, trading...

We can form a group and discuss the bitcoin white, its fundamentals, its decentralized nature, its censorship resistance future outlook, the end game, the coming cbdc regime.

FG needs to BAN Binance not because of any monetary policy effects but simply to stop the masses from accessing Bitcoin because 98% are not educated enough to understand the fundamentals of Bitcoin they keep getting scammed and losing money AND also to stop trading.

It is high time we have clear regulations around Bitcoin, regulations based on sound money not unlimited more printing, atleast for the enlightened few.
dindinrin
Re: Political Bitcoin: The Bitcoin White Paper, Why FG Should Ban Binance by GeneralPula: 3:36pm On Aug 12, 2023
Scammers many for Binance sha..
Re: Political Bitcoin: The Bitcoin White Paper, Why FG Should Ban Binance by abhosts(m): 3:45pm On Aug 12, 2023
The US federal reserve periodically intervenes in the equity markets to influence prices. The CBN should use some Binance merchants as proxies to strengthen the naira on the Binance exchange. Relatively little liquidity can crash USDT price to ₦800-₦850 on that exchange and that would in turn put downward pressure on aboki rates.
Re: Political Bitcoin: The Bitcoin White Paper, Why FG Should Ban Binance by Birdbyrde440(op): 4:12pm On Aug 12, 2023
abhosts:
The US federal reserve periodically intervenes in the equity markets to influence prices. The CBN should use some Binance merchants as proxies to strengthen the naira on the Binance exchange. Relatively little liquidity can crash USDT price to ₦800-₦850 on that exchange and that would in turn put downward pressure on aboki rates.
But Binance is owned by China and China holds more Naira and USD than Nigeria. Nigeria can TURN on money printer and it still won't make any difference. it will be impossible for cbn to operate proxies on Binance in hope of stabilizing the naira in any way, shape or form.
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