gypsey:
yep! Just hypes. Not a legal tender also, Elon Musk wants to dump his no value crypto waste on people.

alizma:

If you have not been a victim, you will not understand.
Majority of the transactions with crypto currency can't be traced to their originating channels thereby making activities with that medium of exchange difficult for financial and security agencies to monitor.
Any country that can't boast of it's ability to control financial activities cannot boast of it's control of it's political terrain and I hope you know what that means in a long run?

Kaiser20:

That's it, I wish some guys will see a sense in CBN policy, instead of shouting shithole up and down.

Damsyjay:
Well not surprised..India and Nigeria are the same Shithole countries

Springboot:


China is not poor, Canada is not poor. Bitcoin is not legal there.

leokid866:

no it doesn't.....all it does is move your debt and burden your currency.....if the Naira defaults it can always be traded against the goods and services run within Nigeria.....if bitcoin defaults that debt comes on the Naira(if you traded in Naira) which will in turn weaken the Naira.....a burden you and I will have to bear through price increase in various goods and services.....it's price is based on nothing but speculation as no government backs it......even China haSea come against it......but they are developing their own which will stand as a legal tender.....when that happens what do you think will happen to bitcoin holders in their country?

mike8804:
government is for controlling the populace, any threat to that will be met with outright sanctions. bitcoin takes the financial power of the government on the people and give it back to the people.

hermesprogidy:

Stop saying what you know nothing about. Most crypo exchanges have adopted the KYC approach. It means transactions can be traced.

alizma:

Most have adopted, which means you agree that there was a time all transactions could not be traced, please what happened to the ones that have not adopted the KYC, Do you know the implications on one notorious financial criminal being among the few that have not adopt the KYC?
Like I said earlier, you are defending them because you haven't fall a victim.
Up till now, some families are yet to recover from the shock they got from the disappearance of MMM, as if that is not enough, MBA is at it now and a lot of families are going to sink with it financially. While some of them will accept fate, some will become harden criminals out for revenge on the entire society irrespective of who their victims turn out to be

truthfulparrot:
[s]Cryptocurrency started as a good idea until Casino speculators and Ponzi manipulators started taking advantage of the fact that the scheme is largely unregulated to cash out big time.

Cryptocurrency is now the beautiful bride of money launderers and drug racketeers. Proceeds of criminal and illegal activities running into billions of dollars are passing through the cryptocurrency schems without being detected.

International business entities and billionaires started embracing cryptocurrency in other to envade tax. Developed countries like US, Britain and China had no choice than to join the bandwagon to the detriment of the economy of poor countries. But I am sure that these countries will soon ban cryptocurrency. THE CRASH OF CRYPTOCURRENCY IS IMMINENT.

The fact is Cryptocurrency is international version of MMM. It is highly erratic and unpredictable.
Cryptocurrency will cause great damage to emerging economies like India and Nigeria.
No doubt, cryptocurrency is the currency of the future only if a new world order can be achieved[/s].

FastLane25:
bitcoin don suffer..as if the currency is a threat or somethin'

alizma:

Most have adopted, which means you agree that there was a time all transactions could not be traced, please what happened to the ones that have not adopted the KYC, Do you know the implications on one notorious financial criminal being among the few that have not adopt the KYC?
Like I said earlier, you are defending them because you haven't fall a victim.
Up till now, some families are yet to recover from the shock they got from the disappearance of MMM, as if that is not enough, MBA is at it now and a lot of families are going to sink with it financially. While some of them will accept fate, some will become harden criminals out for revenge on the entire society irrespective of who their victims turn out to be

Realstick941:
Surely there are three powerful industries in the world that have always shown there strength, if there is any thing like the free mason then they are,they are always stronger than government because they manipulate and control politicians using whatever means necessary, mind you the leaders might be elected or dictators but anyone who fights against them tends to perish and be qmong the losers. They are BANKS,BIG PHARMA(pfizer,GSK,roche) and OIL COMPANIES.

SEEMS LIKE THIS DECISIONS ARE INFLUENCED BY THE ZIONIST BANKS OF THE WORLD,i will fold my hand and see as the value of bitcoin crash to its 2008 value,BTW i really like the idea of crpto currencies and acceptance of crypto will really cause the fall of the banking industry

Bamz:


All fiat currencies are inflationary in nature, true or false? Do you care to know that around 22% of the circulating USD were printed last year? Fiats are nothing but toilet tissue lol. N100 from 20 years ago, cannot buy the same thing in 2021. The only thing is that some fiats have more value than the others. Bitcoin particularly was created to address this. 0.1 bitcoin 10 years ago can buy more things in 2021 than it could buy in 2011. Oh by the way, you cannot print more bitcoin All bitcoin is doing is revealing the flaws of legacy financial systems. It's not the source of their problems lol. Research about disruptive technologies.

About bitcoin defaulting, I don't even know what that means, but bitcoin is usually denominated in the usd and not the naira.

Yes, no government backs it. It's money made for you and I. Bitcoin is unconfiscatable, uncensorable and uninflatable, so no government can devalue your bitcoin, seize your bitcoin or tell you not to use it. Bitcoin bans governments, governments don't ban bitcoin.

China has the biggest mining rigs in the world lol, please educate yourself oh. As at last year, 65% of the global bitcoin hash rate was concentrated in China.
Hash rate is a measure of the power of the computers linked to the Bitcoin network, which determines their ability to produce new coins.

Lol isn't it ironical that central banks around the world are planning to create their own central Bank digital currencies (CBDCs) ?

Please do your research oh.

doxijaw:
Meanwhile bitcoin pumpers are telling Nigerians to make bitcoin the federal reserve

Most of them are educated blowing big grammar on twitter

davien:
It's a failed endeavour, banning only accelerates your fears as the individuals able to buy it will now inflate their p2p rates thus destabilizing your economy.

It is better to legalise it and use the methods operators use to identify and tax gains from it.. that way the country's money isn't disappearing.

rodeo0070:


https://brandspurng.com/2021/02/13/india-bans-cryptocurrencies-gives-investors-6-months-to-liquidate-their-assets/

MartinsD12:

If a country as wise an USA is accepting cryptocurrency and also a well known financial institution like Master card making plans to include it in their payments options it means countries banning it are doing so for their selfish political gains or simply because they are jealous of the youths getting rich simple

FalseProphet1:
I see India becoming the next poverty capital of the world. This I have seen.

ImpregnaTor:
Not surprised... Nigeria and India have one thing in common; they are both shitholes!

hermesprogidy:

That's where the world is going, don't be one of those people that their kids will be asking sometime in the future " Daddy what were you doing when your mates was buying cryptocurrencies and getting rich"? You will now resort to beating the poor kid out of embarrassment.

doxijaw:


I have been buying crypto before you heard of it.

But saying a country should switch it's federal government reserves to bitcoin is madnesss.

The oyinbo pumpers will cash out on the stupidity of an entire country

doxijaw:


I have been buying crypto before you heard of it.

But saying a country should switch it's federal government reserves to bitcoin is madnesss.

The oyinbo pumpers will cash out on the stupidity of an entire country

hermesprogidy:

You are not making sense and you do not seem like one who understands crypto, much less own it.

mildflame:
.

Even in stocks/shares insider trading, pump and dump is a big crime, not to talk of Cryptos where most executives that ever tried are all languishing behind bars for a minimum of 10years, is it when a country invest in such any shallow brain will want to try it.
Check FBI records against Cryptos frauds or crime

Brendaniel:
However, according to the official, the ban would not be imposed overnight, as in the case of Nigeria. Instead, investors would be given three to six months to liquidate their investments.

Buhari's government way of handling matters is like You seeing a snake in your farm and you call Buhari for help to catch the snake, Buhari claiming to be an expert sets your entire farm on fire and brings the dead snake to you ...