helinues:


Stop okay...

What's the meaning of orders from above? Can't he do it for money?

Patroit helinues, now expects Capt. Onyebuchi to disobey orders and face a court martial. What an interesting personality you are?

Kris216, see your friend.

SmartyPants:


No. Go online and google logic. There are abundant resources available. Good day.

No, I would like to learn from an aficionado such as you.

SmartyPants:


Is wealthy the only other economic status apart from poor? You need a class in logic.

Please teach me I want to learn. You were wrong in your assertion instead of learning, you are trying to act "smart".

istina:
Ipob arectually the problem of Nigeria
Betrayals them be

Tell that to General John Olubunmi Irefin, GOC 6th Division Bori Camp, who slaughtered Igbos for fun. Stop making noise about betrayal, be ready to eat the shit you give others.

weyreypey:
No ipob or easterner should talk about betrayal no more

General John Olubunmi Irefin also killed Igbos while he was GOC 6th Division Bori Camp, go and read about him and stop crying wolf.

IamWonderful:
Just imagine captain John onyebuchi an Igbo, church goer man treacherous.

General John Olubunmi Irefin was GOC 6th Division Nigerian Army when Igbos were attacked, he also led several other operations against Igbos. So much for betrayal and treachery.

SmartyPants:


China, Iran and Morrocco are not poor. But Whats your point?

So, a struggling Iran is wealthy nothing I won't see on Seun's Nairaland.

[quote author=beardedboy post=98804494]

Imagine this!
Meaning that the guys behind btc are mining people's wealth steady.

Personally, I think Nigeria has done well to ban btc. A country battling with cybercrime and embezzlement should stay far away from a cryptic system that makes it difficult to track the owners of wealth.

These jargons are the main reason why I dislike the stuff.

Many people doing bitcoin trading sef don't know how it works. They only follow the crowd.

If you don't understand the terms get yourself educated or stay away from it, nobody is forcing it on you leave it for those who understand it.

Esseite:
Atiku is just chasing clout... CBN took the best decision.

Unregulated Crypto currency is a lazy investment that tilts more on outflow of FX rather than inflow.. it is death sentence to import dominated countries.

E.g- I buy bitcoin with N10m that would be domiciled in source Nation(not Nigeria).. if it rises in 1 year by maybe 10%, I may have gained 1m as an individual, but I have starved my country economy of recycling my 10m if it was domiciled in a Nigerian bank or invested into the society which could have produced more than 10% while creating jobs.. note as an import dominated nation, the chance of loosing that 1m as another escaped forex is 95% on foreign goods while 5% I may spend on local food.

The Nigerian greed for small margins has blinded a lot of people, imagine Crypto currency trading far beyond your indigenous Stock exchange and some feel it's okay

The margins are not small, people gained more than 5X their original amount.

thebosstrevor1:


Go read the full time magazine and see how liberals planned with some judas from the Republican party to steal the election.

The press, social media executives, politicians from both parties, military officers, labour union leaders, business executives and liberal executives were both in the scheme to rig trump out of office.

Time magazine will be sued just like Fox News, when they fail to provide evidence their allegations.

IGBOpigs:
NORTH(AREWA) FIRST AFTER BUHARI YOU WILL SEE HOW NIGERIA WIL END,Nnamdi KANU,SUNDAY IGHALO ARE CHILD PLAY,WALLAHI,

Who's afraid of Nigeria ending except the political elites and Northerners? Please whatever you are doing it fast, you can start to hasten the process. Also, whatever you people in the North plan on doing let it be in the North alone because anything outside the North, "we go change am for una" .

thebosstrevor1:


He wasn't defeated but rigged out.

Trump failed woefully at the elections, the earlier many of his supporters just like you understand this the better for you guys. He failed the people, and was voted out, as simple as ABC.

IGBOpigs:
ENGLISH IS NOT MY LANGUAGE ARABIC AND HAUSA ARE MY LANGUAGE .ASK QUEEN ELIZEBETH IF SHE WRITE ONE HAUSA LANGUAGE WORD

That's purely your issues, but as long as you remain a Nigerian, English is your language unless you are trying to say you are not a Nigerian.

thebosstrevor1:
I read the full article on times magazine and i saw that Floyd George protest was not a political movement but a movement to undermine the election.

Everything has been planned to remove donald trump by rigging.

Many Republicans, business leaders and even fox news betrayed Trump.

I knew I would see you here, and I was right. You have not gotten over the defeat of your lord and Savior, Donatus Trump.

Amotolongbo:
The bolded part is where I have a great problem with our people

Let us pick up the arms and go physical with our enemy. Let us take the battle to them.

We keep on relenting on the spirit of the land. The same spirit of the land that could not defeat Sunday Igboho and Modakeke in the crises between Ife and Modakeke in 1997-1999. Yet we are relying on the spirit. This spirit has been kidnapped and we need fighting for ourselves if will want lasting peace in our land.

Only a coward waits for his spirit to fight.

This made laugh

IGBOpigs:
COW BUSINESS PASS THIS USELESS,BTC ONE COW IN SOURTH IS PASS #4500.000 NO 419

You need to go back to elementary school, you can't spell properly or construct a readable sentence. The word Igbo have really suffered in the hands of illiterates like you. As the saying goes,"an Adamu will always remain an Adamu".

Tolexander:
Stop being mischievous.

Stupidity is an intrinsic gift given to all, stop misusing it

The madness of some people is just unexplainable. Anyway I don't blame him, its a Saturday morning and he has to keep his idle set busy.

post=98791077:
It is interesting and vital to note here that the PDP which many thieves, looters and criminals still proudly support and adore was in power for 16 solid years and in those years there were 4 Presidential Inaugurations and on none of those was an Igbo man found worthy by the PDP of even Vice Presidency and they are still bold to say it is the APC that has not even finished one and a half tenure that doesn't want to give power to Igbos.

And now this again........

Odi nma.

Again well done, bloody zombie.

dimugonabo:


My real nigga.

True talk.

The guy think say na all man get the same mind set.

post=98792022:

U sef talk am?
It's alarming reading some comments from some dumb people on cyberspace.
CBN Governor shut down crypto because of one Igbo whatever in a village in Oyo State?!
Some fraudulent naija youths are a huge disappointment sha, very mumu fraudsters.
But thank God that, the good, honest and hardworking youths are more than the dumb ones.
Do they even know how so dumb they sound with the stupid theory? Na because of one Sunday CBN governor shut down crypto?
Mad, Lazy people everywhere.
This is so appaling!

Lawd

Again, your anti-Igbo character on display again. You knew his name was Igboho but because you want to link it to Igbos, and have your half-witted followers insult the Igbos you left it at "Igbo" instead of Igboho. Brain dead zombie.

Daum:


Previously called Astana

Yes, I aware I only recalling a memory of an Europa League match between FC Astana and Sporting Lisbon in 2018, when the stadium and city were still called Astana Stadium, and the City of Astana. Times have changed.

johnmartus:
May God bless you, you seems know they are tactics. You will see what will happen in southern Nigeria this month. Its going to be a series of arrest.

Exactly, this is a trojan horse and I hope it gets resisted in the South.

Esseite:


Some of us have always known cryptocurrencies were created to kill off poorer/small countries..

How Nigerians are helping kill Nigeria through shift to crypto is amazing. It's just extreme greed.

Do they know the volume of USD Forex that escapes via cryptos.

I see China and russia banning it aswell real soon.

Conspiracy theorist, cryptos were created to avoid the unnecessary regulations of traditional regulatory authorities. Nobody wants to kill any poor/small country, stop shifting blames.

Nigerians are looking for how to survive, since the government has embarked on creating policies that are detrimental to the masses.

China has tried to ban crypto and failed, they have one of the largest P2P system in the world.

Esseite:


You don't know anything... cryptos would kill Nigeria faster than a nuclear bomb.

It would ruin efforts on all your exports.

Read again and comprehend. Don't rush to comment, I wasn't talking about Nigeria's death but that of cryptos in Nigeria. Also, it would be in your folly to imagine that I want Nigeria's survival.

tensazangetsu20:

CBN used to act independently of the presidency but not now. Who closed the account of end SARS protesters. Where did the order come from? I still don't know why many of you are defending this government. Keep it up you will be affected by one of their wicked policies soon enough except you don't live in this country.

How will she be affected? when her darling VP will intercede on her behalf. The lady is a funny political jobber, the sad part of the scenario would be if she doesn't get paid for doing this.

StepTwo:


Ok, Muhammadu Buhari should take credit for Amaechi’s Railway decisions but not Emiefiele’s monetary decisions. wawu

I mean the Op is either a political jobber or naive to not understand how governments work. If the Presidency can take credit of EFCC's works while can't they be held responsible of CBN's action, or are both organizations not of the same government?

360degreess:
OP you are wasting your time on all these semi illitrates that are on this forum.. They are frustrated.Hatred and tribal bigotry have covered their sense of reasoning..
CBN is only trying to regulate and control the use of the crypto currency.. simple.

Tell Meffy, that the bolded is impossible and it will end up giving him eternal migraines. Also, let him know it isn't simple as more sophisticated governments have failed at it.

TheRareGem1:
Some people still don't just understand how governance works; Presidency can't oversee the whole things that's why appointments are given to their subjects Last time I check,CBN Is our financial regulatory body not Presidency

Why don't people blame Presidency for NigerDelta commission embezzlement and wrong doing

The same Presidency can hire and fire the CBN governor. It is the duty of the executive to keep institutions under it in check.

TheRareGem1:
Do you know anyone whose WhatsApp line was hacked and a broadcast sent form their line to their contacts? Have you been added to crypto groups that you did not solicit or sought to join? Do you know that some people have been scammed from crypto?

This isn't enough reason to halt some people financial source. Why did the CBN not issue the same directive when MMM and several other Ponzi schemes used the Naira to make away with people's money?

Let us get something clear, the Central Bank of Nigeria did not ban cryptocurrency, let us get that completely clear, what the CBN did was to restrict Nigerian banks from transacting in cryptocurrency while it develops a framework that will guide its activities.

This is impossible to do, because one of the core principles guiding cryptocurrency is decentralization. It simply means that no government or body in the world will be/should be allowed to control the flow of cryptos, so this will fail.

Every government has an apex financial body that regulates the financial sector and also the monetary and fiscal policies of that country. Be it the CBN in Nigeria or the Federal Reserve in the US. Put simply, there has to be some sort of regulation for every form of monetary instrument that is acceptable.

Just like more advanced and sophisticated nations like China have failed to control the crypto, so will the CBN fail woefully at this. It is a lost cause.

Remember, one of the characteristics of money is that it must be acceptable by all but in the case of cryptocurrency there have been people who have not only rejected crypto but have been duped trying to use crypto.

Bitcoin is strong and widely acceptable but not all crypto have the same credibility. Many Nigerians have been duped and scammed by cryptos in Nigeria and these people have reported this action which requires the CBN to act.

This is a simple logic that proves Nigerians are gullible, why would put money in what you have zero knowledge about? It goes back to the first point I made, if some people were gullible it doesn't mean others should suffer for it. Recently, SEC listed some cryptocurrencies as securities, and was working on a framework for them but CBN just woke up one morning and decided to blacklist it, it only shows the lack of synergy between the various agencies of the government.

We must understand that no one wants crypto to go or stop the acceptability of crypto but we need it to be regulated. What I find even funny, is that Nigerians don’t know that the CBN acts independent of the President and Vice President.

Calling out the President and Vice President shows that there is massive ignorance among Nigerians. The VP is not the ICT Minister neither is he the Finance Minister, why target him?

From the start of my read, I knew this was some op-ed to save the already dented image of Yemi Osinbajo.

For those who deal in crypto, the CBN will definitely restore domestic banks activities in crypto once there is some sort regulation.

This I highly doubt, we all witnessed how the CBN introduced new policies on reviving USD, and guess what regardless the complain the policy still remains in place. The Nigerian system is bent on weaponizing poverty, and would do everything within its means to ensure that.

plaindealer:
This is a good move by the CBN, it's dangerous and counter productive for the general population to shift traditional banking, trading and investment system from the banking and regulatory structure to unregulated and counterproductive crypto currency system.

Money inflow and outflow through the banking system guarantees availability of funds for investments, loans and financing across the general population, but when you remove money from the banking system to a side person to person asset transaction, you are effective remove money and forex from market, you are no longer recycling money through the system to keep the economy going, you are denying funds for loans, business financing, housing mortgage and so on.


Rich and developed countries can afford to allow crypto in their countries, but Nigeria can not especially when Nigerians are not turning dollar remit from abroad into a person to person crypto deal.

You can not keep complaining about the economy, lack of jobs and infrastructures while at the same time sabotaging the same economy with crypto.


You can not have ot both ways, crypto is not goo for us at the moment..

Crypto is like the proverbial cockroaches that will survive a nuclear blast. Nigeria has one of the highest P2P rate in the world, so I expect the crypto populace, to fall back to P2P. The CBN is shooting itself on the foot and only helping to kill the Naira even further, but what do I know?

Kazakhstan's capital is now called Nur-Sultan, oh boy things change so fast.

thebosstrevor1:
While the enemies of Nigeria are shouting fulanis herdmen everywhere, see how travelwaka dey do local tourism all over the west without issues.

If you believe news online, you will think that Nigeria is at war.

There is a proverb that says "one man's truth is not enough to make another man a liar".