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Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians - Business (4) - Nairaland

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Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by HardMirror(m): 8:46am On Jan 13, 2017
hobermener:
Bitcoin na mmm junior brother grin grin
You obviously don't know anything about crypto-currencies. Bitcoin is not anything like mmm. It is a crypto currency. Google and learn. Mmm is a ponzi scheme. Bitcoin is a digital currency just like money you can have in google wallet, paypal even your money in the bank is digital and exchangeable for paper money, same with bitcoin. Do you know their are bitcoin ATM's?

2 Likes

Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by Lovexme(m): 8:47am On Jan 13, 2017
It's coming...

Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by Joettti: 8:52am On Jan 13, 2017
Wic one we want blv now?






Today still MMM's eve!!!!! TGIF tooo!!!!!!
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by permanentgrace(m): 8:52am On Jan 13, 2017
In my opinion, buhari is worst than all the aforementioned combined. How can such an illiterate president know how the world as of today revolve? The foolish president thinks we are still in 1818. What a shame!
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by BCharles: 8:55am On Jan 13, 2017
You can Imagin?

Is there any risk free business? Do they know how long swizzgold has been in existence

Bitcoin is ONLY going down at the moment because of China's announcement to introduce its own Cryptocurency which wont in anywhere come close to bitcoin because it would be centralizes and regulated by its Apex Bank......

1 Like

Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by Koolking(m): 8:56am On Jan 13, 2017
grossintel:
Lols for those screaming liberty Reserve, I laugh in Chinese.. The US government can't shut down bitcoins, it's way out of their reach, if they could they would have done that since. Let me explain why it's not possible, bitcoin transactions are confirmed by nodes and nodes can be ran by any computer in the world that has the bitcoin core client running on it. Translation? It means the US government can ban this nodes from running on computers in the US, what happens to mine at home? Home land security can not come to my house in Nigeria to take my laptop! So technically for bitcoin to be stopped [b]you need to set up laws in all the countries in the world that bans and enforces laws to stop thousands of computers around the world from running this clients on them. Lol, if it was so easy I don't think we will have cases of terrorism in the first place. [/b]

You have just answered your question. Government has all the power to stop bitcoin payment system if it's proven to be a ponzi scheme and a silk road (online black market). Simple laws can work against it. IP geolocation can be tracked and mining farm locations compromised by FBI. Go read about Ross William Ulbricht and what happened to him as a darknet market operator. Enjoy while it last bro.

1 Like

Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by pitchez: 9:00am On Jan 13, 2017
ziddy:


A sucker is born every minute grin

Congratulations..You have all it takes to be a fool
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by banggy: 9:08am On Jan 13, 2017
bad belle pple everywhere :obad belle pple everywhere
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by ademasta(m): 9:08am On Jan 13, 2017
Freiden:


You should pay more attention to your English lessons.

Thank me later
Look at this kid
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by Nobody: 9:09am On Jan 13, 2017
Koolking:


You have just answered your question. Government has all the power to stop bitcoin payment system if it's proven to be a ponzi scheme and a silk road (online black market). Simple laws can work against it. IP geolocation can be tracked and mining farm locations compromised by FBI. Go read about Ross William Ulbricht and what happened to him as a darknet market operator. Enjoy while it last bro.
hahahahaha, obviously the whole world isn't uniting to make laws anytime soon. If they ever do then you can say it, yes, the world's problems will be gone forever, no more terrorism, no more cases of fraud, in fact no criminal will go freely!! Am not expecting efcc anytime soon to arrest me for bitcoin mining and when I mean soon am talking about hundreds of years from now. The best the US government can do is ban bitcoin exchangers from operating in the US and some other parts of the world but this will only eliminate its good use and Drive its publicity, in fact banning it will be a stupid move and drive its value in 3rd world countries like Nigeria and we all know Nigeria has no intelligence on anyone. If the government truly wants to stop bitcoins it can only be done effectively by introducing a cryptocurrency regulated by the US government and Drive its value more than bitcoins then possibly we can abandone bitcoins and use the new currency.
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by Kiakia(m): 9:12am On Jan 13, 2017
What is this bitcoin all about? How does it really work? Can this cryptocurrency be used in commercial quantity or for trading purposes? This mode of transaction may be fraught with fraud.
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by buffalowings: 9:27am On Jan 13, 2017
ziddy:


A sucker is born every minute grin
cheesy
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by WinkWrld: 9:28am On Jan 13, 2017
[b][/b][color=#990000][/color]
OUR NIGERIA SEC IS JUST AS CLUELESS grin grin grin EVEN MICROSOFT ENDORSE BITCOIN. BLOOMBERG ANALYSES BITCOIN. PLS LEAVE MMM ALONE AND FACE UR WORK
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by Nobody: 9:33am On Jan 13, 2017
Its obvious that SEC wants Nigerians to wallow in poverty this year. cool

Kerosene is N500 a litre, Fuel is projected to be n250 a litre, diesel 450 /litre cooking gas N5000/12.5 kg

Not to talk of food stuff and other expenses, incomes are depreciating, and SEC wants the rest of us to wallow and drown in poverty.

E no go happen. angry
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by WinkWrld: 9:34am On Jan 13, 2017
Lovexme:
It's coming...
GOD HAS SAVED HIS PEOPLE ALREADY AND FREED US ALL FROM FRIDAY THE 13TH. MMM IS HELPING AND GODS PEOPLE ARE INVOLVED SO THINK. SO LONG MMM CAN CONTINUE FOR AS LONG, WHY NOT JOIN AND ENJOY YOUR TEMPORARY LIFE grin
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by Heffalump(m): 9:42am On Jan 13, 2017
Dangote's Business was reassessed/ reappraised last year and it was discovered that he is no longer maintaining the number one spot as the richest man in Africa because of the depreciating value of naira.

What does that tell you? It means every business or investment in any currency has its fundamental risks. Even regulated banks can close shops and disappear with people's deposits. And if you ask me, Nigeria itself is a big risk doing business in it.
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by kellybently(m): 9:43am On Jan 13, 2017
IVORY2009:
those who have ears, let them hear, and those who have eyes let them see, liberty reserve loading....
egold com he went away, library reserve follow com he went away . bitcoin don com......same thin ll still happen. is just that i don't like discouraging people but I use to advise people
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by HAH: 9:52am On Jan 13, 2017
Useless SEC, what did they do when I lost N3M in afribank and Bankphb shares that are approved by them, to me the Nigerian stock exchange itself is just a legal ponzi scheme where they rob Paul to pay peter.
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by maasoap(m): 9:56am On Jan 13, 2017
symbianDON:
bitcoins are used allover the world
The rate at which its value is increasing these days, its eventual collapse is near! Just like Shares crash some years back.
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by 1coinNaija: 9:57am On Jan 13, 2017
dhardline:
Same thing happened to liberty reserve some years back and a lot of people around the world lost money in it. Nigerians should be extra careful of this things.
Get toyour fact right. Liberty reserve is e-currency but not cryptocurrency like bitcoin.

1 Like

Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by Franky826: 9:57am On Jan 13, 2017
petrov10:
this happens when we have a govt that can't follow new trends

no wonder naira value is in a cesspit

Apt! This is sec!

Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by Lovexme(m): 10:01am On Jan 13, 2017
WinkWrld:

GOD HAS SAVED HIS PEOPLE ALREADY AND FREED US ALL FROM FRIDAY THE 13TH. MMM IS HELPING AND GODS PEOPLE ARE INVOLVED SO THINK. SO LONG MMM CAN CONTINUE FOR AS LONG, WHY NOT JOIN AND ENJOY YOUR TEMPORARY LIFE grin

lol..If only you knew... grin
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by 1coinNaija: 10:06am On Jan 13, 2017
Kiakia:
What is this bitcoin all about? How does it really work? Can this cryptocurrency be used in commercial quantity or for trading purposes? This mode of transaction may be fraught with fraud.
I have told Nigerians in the past. The next set of millionaires in Africa especially in Nigeria will emerge, not from oil and gas but those who invested money in MINING of cryptocurrency!

1 Like 1 Share

Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by FullDepth1: 10:13am On Jan 13, 2017
INSTEAD OF ADVISING AND TRYING TO DEVELOP OUR OWN CRYPTOCURRENCY. JUST LOOK AT CHINA, GOING BIGGER, AND EVEN ADVANCING INTO GENERATION THEIR OWN CRYPTOCURRENCY.

1 Like

Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by czaratwork: 10:20am On Jan 13, 2017
1 million likes for your post. That was how mark zuberack discovered silicon valley nigerian version for them. They are here forming sleeping government while the world is moving forward. Insecurity is just a problem.
FullDepth1:
PLEASE THE SEC SHOULD ALSO WARN PEOPLE ABOUT TRADING WITH GOLD, OR OTHER CURRENCIES WHICH AINT NAIRA. #disgusted

WHY DON'T THEY WARN NIGERIANS NOT TO INVEST IN SHARES AND BONDS, AS THIS MIGHT RUIN THEM?

I DONT KNOW IF THIS WARNING IS ABOUT MMM, OR ABOUT BITCOIN ?

IT IS QUITE UNFORTUNATE THAT THE SEC AND MILLIONS OF NIGERIANS ARE JUST HEARING ABOUT BITCOIN (WHICH IS ALREADY RECOGNIZED GLOBALLY) AS A MEANS OF TRANSACTION.

MADNESS ! ARRANT MADNESS !

I BUY THINGS ONLINE AND PAY IN BITCOIN.

IF YOU WANT TO DO YOUR 'TRAFFIC GENERATING CONDEMNATION OF YOUR MMM, GO ON WITH THAT.
BUT PLEASE, DO NOT USE THIS MEDIA TO MISINFORM PEOPLE. DO NOT SPREAD FALSEHOOD AND WRONG INFO.

INSTEAD OF ADVISING AND TRYING TO DEVELOP OUR OWN CRYPTOCURRENCY, WE ARE HERE SPREADING HOPELESS NEWS. JUST LOOK AT CHINA, GOING BIGGER, AND EVEN ADVANCING INTO GENERATION THIER OWN CRYPTOCURRENCY.
THIS IS ONE OF THE REASONS WHY WE WILL ALWAYS BE BACKWARDS, NO GROWTH, ALWAYS STAGNANT.
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by czaratwork: 10:22am On Jan 13, 2017
https://www.nairaland.com/3527629/cbn-may-legalise-use-bitcoin/7#52767655
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by bizhop01: 10:26am On Jan 13, 2017
make ona stop this pls,i hav about 1.9 bitcoin in my online wallet
am waiting for 1 bitcoin to hit 800$
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by Nobody: 10:36am On Jan 13, 2017
The only reason why 1 bitcoin value has been below $1000 for some days now is because of hackers. They have finally found an anomaly in the block chain script and are trying to manipulate it. Some have succeeded though and I have my own fair share of the cake. Just check my signature if you wanna benefit from this bitcoin revolution! cool
Re: Beware Of Bitcoin, Swisscoin, Others, SEC Warns Nigerians by bigiyaro(m): 10:36am On Jan 13, 2017
All dis ancient bubus in SEC, go n update n upgrade ur brains. This is a generation.

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