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Nairaland Forum / Nairaland / General / Politics / Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business (43103 Views)
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Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by jedisco(m): 10:44am On Feb 06, 2021 |
Esseite: Two questions 1. What is the source nation you're referring to? 2. Hope you know when one buys bitcoin, you're not buying from thin air. You are buying from someone else and paying the person. Exchanges only faciliate this process by ensuring it's safe and secure. So how does this bypass banking? 10 Likes |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by Kobicove(m): 10:44am On Feb 06, 2021 |
AdaNri1: Yes it's a pressing issue because it is now been used to scam people 1 Like |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by PataAlhajaKeji(m): 10:45am On Feb 06, 2021 |
groomed: Mumu. I support Buhari's government. I voted him twice. 2015 and 2019. If these elections were to hold again, I will still vote him in as much as PDP is the major contender. I stay in Lagos. Do you really wanna meet me? It's weekend and I'm free. Send me a PM. I'll meet you anywhere. E no go better for you if you no PM me. Blood must surely flow ... 3 Likes 1 Share |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by DoubleEngine007: 10:45am On Feb 06, 2021 |
AdaNri1:They will still repeat it.. Share #200 each for the zombies and see them voting what will kill them |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by fayded(m): 10:45am On Feb 06, 2021 |
Esseite: Your papa...dts all I can say 2 Likes |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by Nobody: 10:46am On Feb 06, 2021 |
Let them shut it down. Let them shut down the whole country. It is time to go. |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by Nobody: 10:47am On Feb 06, 2021 |
SimplyFacts: I noticed that too..many don't understand crypto currency or ever used one. They only want to comment for bragging rights 2 Likes |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by Prechgold1180(m): 10:47am On Feb 06, 2021 |
PrinceOfLagos: Yes o Nah to move go Canada leave dem for d shithole |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by ogtavia(m): 10:47am On Feb 06, 2021 |
Esseite: What has the country done to encourage independent investors? Apart from real estate, maybe Agriculture, what other sector of the economy is easy to invest in? 1 Like |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by emmyrate1(m): 10:48am On Feb 06, 2021 |
Esseite:just listen to your self. 5 Likes |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by egoldman(m): 10:48am On Feb 06, 2021 |
Something is definitely wrong with the leaders of this country, few days ago, lagos state government seized 80 okada bikes throwing 80 young men into unemployment instead of taking fines from them. Now buhari has stopped digital currencies from dealing with Nigerian banks. Has this government sworm to make sure the people of this country especially the youths must suffer? |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by PissfulProtester: 10:49am On Feb 06, 2021 |
Patrioticman007:please elucidate. I think I have interest in this post of yours |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by Seb4luv1: 10:50am On Feb 06, 2021 |
Your mentality is very low... I bet you don't understand crypto Esseite: 1 Like |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by CryptoRepublic1: 10:51am On Feb 06, 2021 |
Atiku is seriously way smarter than the slowpoke in aso rock,Africa should be on the race to dominate the blockchain revolution and that'll be their only chance of climbing into the global economic power. He who controls bitcoin will one day control the world. 2 Likes |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by P1PrinceKT(m): 10:52am On Feb 06, 2021 |
AdaNri1: you can't win without Hausa . Hausa can win without you 1 Like |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by AmazingELixir: 10:52am On Feb 06, 2021 |
Esseite: ![]() ![]() ![]() And you obtained the indices for the bolded assertion from where exactly..? |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by banio: 10:52am On Feb 06, 2021 |
Wahala for all the people that invested in pseudo cryto companies. Their millions don loss oohh. My darling Daddy Buhari is working |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by doxijaw: 10:53am On Feb 06, 2021 |
Esseite: So i should put 10 million in a bank that pays less than 3 percent interest or buy stocks in unproductive companies that would half the value of my initial investment after a year? How is the currency domiciled abroad when you have instant access to it. You have no understanding of how economics work's, crypto traders are actually robbing from western countries and bringing wealth into Nigeria. Let me ask you, after making crypto profits in what currency do they withdraw and spend ? Think through the last paragraph properly 7 Likes |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by Fbinvestigator: 10:53am On Feb 06, 2021 |
mrfreestuff: I think you missed my analysis too. What were we doing right when naira was around 150-180+. Don't feign ignorance of what's going on. You want to pin everything to crypto when there is little or no development going on in the country. The stupid CBN never thought of how they can regulate and generate income from crypto. Take paystack that was acquired by Swipe a company utilizing blockchain and have its own coin SXP as example. We have lot of similar companies that would have thrived but for crazy policies. Have you tried checking P2Ps in Nigeria. Crypto is not the cause and not part of the cause of naira downfall. We will only improve Ghana, Benin economy with this ban. 9 Likes 1 Share |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by feezay86: 10:55am On Feb 06, 2021 |
Esseite: Beer parlour economics. 2 Likes |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by Fbinvestigator: 10:55am On Feb 06, 2021 |
doxijaw: Honestly, many of them don't know shit about crypto. I have stocks with foreign companies but won't dare touch Nigerian companies. They expect me to stay with banks interest or the tbills or sukuk funds. When I can get *20 of whatever they offer in Defi. And I will still bring this extra profit back for use in the Nigerian economy 2 Likes |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by Realkingrex(m): 10:56am On Feb 06, 2021 |
You are a FOOL (x2).... Thank me later |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by Slayar: 10:56am On Feb 06, 2021 |
Esseite: Exchanges in Nigeria charge trading fees and pay tax. Bitcoin is a medium of remittance ,its like saying Western Union is depleting the economy.The only economy Crypto is depleting is aboki economy(beaureu de change) Low IQ is affecting you 11 Likes 2 Shares |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by Proflere: 10:56am On Feb 06, 2021 |
Esseite: So it is whose fault that our stock exchange is not doing well? You are talking about my money being domicile in Nigeria and creating jobs without thinking about what I must have lost as an individual. Money coming into my bank will first of all suffer Stamp Duties before other bank charges and maintenance fee. Bank will use my money to make more money but end up giving me useless interest at the end of the day. I saved 100k in my bank since January last year and now the money is worth 100,950 just 950 naira interest, imagine if I had invested in ethereum by now I will have nothing less down 700k. If the economy is working, who will think of investing in crypto but before crypto the economy isn't working and crypto is here the economy is still not working. you all now want to blame it on crypto. It is not sensible in anyway. 7 Likes |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by Rubbiish(m): 10:57am On Feb 06, 2021 |
CryptoRepublic1:@bold Very true! Our inability to see the future is why we are where we are today! 1 Like |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by Nobody: 10:58am On Feb 06, 2021 |
mrfreestuff:the bolded is the koko. The bolded shows that eventually something tangible comes back that eill be spent in Nigeria. Money will get pumped into the Nigerian economy at the end of the day. Now that the gov says NO, that money goes poof? 100% of 0 is what?? |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by Nobody: 10:58am On Feb 06, 2021 |
doxijaw: Is the currency domiciled in native banks or CBN?.. its same process how you have access to your foreign bank accounts and can withdraw even outside the country. How does it bring wealth when the funds are paid out without any income whatsoever to your source country where you might have raised the initial capital? The wait for the rise if any, has give the source country your capital to trade and make massive margins way beyond the profit rise if any for the period of time.. On that last line.. if we all go into crypto, while doling away funds used in recycling the economy, would it not prompt Govt to oil the economy which in turn causes inflation? 3 Likes |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by Farolo: 10:59am On Feb 06, 2021 |
Esseite: What people like you don't know is the market is fluid and just like water, it must find its level or its way. Patriotism doesn't build an economy or market. Policies and approach to business does. All you wrote is just hogwash. I apologize. How many ordinary people trading on the stock market have made a profit? Matter if fact, stocks we bought since 2007 have not even yielded their capital because of the scam and in-trading going on in the NSE. You treat people like shlt, they flourish and you're trying to stifle them? It won't even work. You also raised a point about keeping your money in the bank so they can round trip, and "boost the economy" Lol. These banks make money off you, while you remain poor; this is not putting hyper inflation which has come to be today into consideration. An example is this. Sometimes in 2020, I ran about ₦30M through my account. Do you know for the months my funds were there, FCMB were stealing from me? Yes literally stealing because the arbitrary charges they were collecting weren't even reflecting in my account statement and they didn’t even send notifications for them. In all, the CBN made a wrong call and they will lose more because 1. THEY CAN'T BAN BITCOINS. 2. Nigeria was just beginning to be a global hub for fintech. That's gone now. 3. Jobs will be affected and you know the funny thing, this does not even affect the peer to peer bitcoin exchange industry in Nigeria. It's the exchanges who were creating jobs this policy affects not bitcoins per se. Also if history has thought them nothing, they should know Nigerian youths are very good innovators and this is just a speck of stone thrown at a behemoth wall. I currently have over 1,000 BTC in my wallet as we speak and I'm not even moved one bit! 10 Likes 1 Share |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by jornwhite: 10:59am On Feb 06, 2021 |
Goldencheese: IF you've been observance you would know atiku solidarity/support to any course under buhari administration further complicate issues. Infact atiku as just succeeded in making buhari feel he did the right thing ... which is fighting corruption. 1 Like |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by meditator(m): 11:00am On Feb 06, 2021 |
PrinceOfLagos:The options we had in 2015 and 19 wouldn't have fared better. If I can turn the hands of the clock back to those times, I will still vote for Buhari once again. |
Re: Atiku Appeals To Buhari: Don’t Shut Down Cryptocurrency Business by kurupt1: 11:01am On Feb 06, 2021 |
Esseite: What a shortsighted and selfish submission borne out of mischief.So it's now the small money of the teeming unemployed youths that you want to use and boost ur economy? Did you create any job opportunities that they refused to engage? U have forgotten about small businesses have been taxed and shut down for flimsy reasons And u still expect the youths to invest in those businesses that could crumble in a minute Infact , you need re orientation and re education 2 Likes |
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