ichidodo:
MasterCard is just a company trying to make a quick buck off the frenzy going on...No be today frenzies like this crypto deh happen...Go back to your history, there was a time salt was more precious than gold...Google Tulip mania... For you to forecast the future you got to know the past because HISTORY must repeat itself...Heck if master card was there back in the day of salt, I'm sure they gonna be making their card trade salt..

Oluwaleinad14:

This picture is making me angry all over again

ichidodo:
Cc Mctobe ...Sh**t happens in the world that doesn't concern or affect economies or Govts...But there are things...So small and petty that if left unattended to can create significant problems to economies and govts...A good example is the cryptocurrencies bubble which is currently ongoing. The outflow of fx for intangible things such as Cryptocurrencies without inflow of goods or services can lead to severe distress in our economy...Maybe Dangote might stop building his refinery and put his money on bitcoin... Imagine the distress to the economy...Now imagine entrepreneurs and investors doing like Dangote all over the country.. Less Jobs will be created..and you know what that means. After which you add the insult to the Injury when Bitcoin finally crashes and everybody's investment get wiped out??...Double wahala for dead body.

ichidodo:
MasterCard is just a company trying to make a quick buck off the frenzy going on...No be today frenzies like this crypto deh happen...Go back to your history, there was a time salt was more precious than gold...Google Tulip mania... For you to forecast the future you got to know the past because HISTORY must repeat itself...Heck if master card was there back in the day of salt, I'm sure they gonna be making their card trade salt..

psychologist:
If we can sort the north problem, then we have sorted 93% of Nigeria's problem

Till then, oluwa awa peluwa

Ikpeazukerosene:


It is very unfortunate. I bet you that he must have been kneeling down in private.

Ogbuu101:
Naught,always dragging the zoo back
Why won't they oppose cryptocurrencies when basic education is still a taboo to them?
By the time abokki finish with the zoo,shekau will shout "Jesus is Lord"

seyz91:
ofcourse its expected cuz Norths are known for their "cowtocurrency" in their lifetime they will never had the mental capacity to be able to handle crypto knowlege
But we the southern gurus are best known for our mental acquity and internet expertise

dan56:

You didn't answer the question, just jumping from pillar to post.

psychologist:
If we can sort the north problem, then we have sorted 93% of Nigeria's problem

Till then, oluwa awa peluwa

NiceMen:
lol... Bros, once they enter, price will shoot up again... Visa will follow...

AnanseK:


Cybercrime is 100% Southern. They are fighting to maintain it.

AnanseK:


You don’t even know what cryptocurrency is but you like to make tribalistic comment on the thread.
Perhaps because you know that financial crime is essentially southern.

Crayfish09:


It depends on how you look at it. To me, the region that is the source of 100% of cyber crimes is in support, while the region not known for Yahoo is against it.

RRodwave:


Guy reason am
Those who knows work don't say shit

CSTRR:

Along with azikiwe.
Zik had the chance to force a northern secession but he turned it down.

eeetuk:
“Senator Biodun Olujimi, apparently against the ban, noted that the youth have gained so much from the business of bitcoin, hence, advised the CBN and the government to iron out ways for cryptocurrency to work for the country while also taking step to prevent fraudulent people from gaining access.”

I disagree with Senator Biodun Olujimi and all others who are opposed to banning cryptocurrency. J

Joseph Stiglitz is a noble prize memorial winner in economic, and also a professor of economics at Columbia University, USA. Recently, he has called for a ban on cryptocurrency (Costello, 2017). His call for ban has been supported by other studies.

For example, consumer value for the use of cryptocurrency has been widely studied by many economic scholars. Most of these studies are in favor of banning cryptocurrency. And their reasons for banning cryptocurrency include: Tax evasion ( Slattery, 2014) was a major concern. Money laundry (Bryans, 2014) another concern. Market volatility like behavior (Fry, 2018) presents risks for individuals’ investors and financial systems.

When people recommended banning cryptocurrency to President Buhari, those concerns I listed above were at the forefront in their decision making.

I know Nigeria and Nigerians are facing poor economic crisis now. So is the rest of world. However, allowing cryptocurrency in Nigeria will produce disastrous effects on Nigeria economy. Studies and studies have supported this conclusion.

Cholls:
my brother no be say cropto dey illegal o...But na because Nigerian government dey lazy dem dey wait make IMF and other western countries to give dem template on how to regulate cryto...

Godbless3:
Are you surprise the northern senators support the ban? NO.

Northerners are still in stone age who want to benefit in everything that belongs to 21st century but refuse to accept it as a way of life.

Well, dunno how to trade with crypto but how does it affect price of cows and how is it against their holy religion, or how is it a blasphemy to their holy prophet this time? as that is their only problem.

ichidodo:
So you agree Govts don't like Cryptocurrencies,Good.Now Nigerian Government is coming out to act on that dislike..Can you blame them? Money that you cannot see physically... cannot touch...cannot be divided...Has no intrinsic value.. just ICT mumbo jumbo...If you want to invest you're free but there are some silly idiots out there who think they know sh**t that will put Themselves,their children and children's children into debt never mind tanking the Economy for such a volatile thing as Cryptocurrencies...Banning it will save lives..

Tranquillity360:
The Ban doesn't affect COWS na.