Cryptocurrencies do not benefit the economy of a country. It has the potential to profit citizens, but not nearly enough to impact the overall economy of a particular country, at least not yet.

• Bitcoin does provide means of conducting international transactions easier and faster; with no border restrictions.
• Mining does not really create employment as it's a venture which requires huge capital, and not an industry that employs labour. Blockchain development is not solely built for cryptocurrencies.
• The last point is a valid one and a big quality that attracts people to Bitcoin, this however does not impact a nation's economy.

They could very well be taking advantage of the low prices while having their field day on social media. I've many a time come across people give a different impression on social media than they practice in real life.
I actually have no issue with FUDs based on sensible arguments, but outright trolls are insufferable.

If major fiats dumps, Bitcoin grows against them, as they are usually traded against each other.
Also, I wouldn't advice anyone to convert to a centralized asset class.

If all you need to do for now is verify that your wallet works and you can send Bitcoin out of it, then the first reply you got is your first option. Extra bonus cause you can send out of it without connecting your private keys (seed phrase) to the internet.
Taking things slow helps prevent information overload and allows you focus on a task at a time.

Multiple addresses do not really matter when using your creating a address using a seed phrase, it's more of a privacy feature which you can figure all about with time.

Nigeria with its teeming population of young and middle aged individuals has the potential to champion the blockchain revolution globally. Despite the government's unfriendliness towards digital currencies, P2P trades are still high and businesses still operate with cryptocurrencies.

Well written table of content and also good answers to the questions raised. If I'm to put in any suggestions, it would be that I do not really see any benefit in Bitcoin as a legal tender. It doesn't have to replace fiat and can function conveniently as an alternative currency.

There is very little information about the details of the partnership and no conclusions can be drawn yet. One thing is certain at this time; the Nigerian government has not reneged on their restrictions of crypto transactions through Banks and have not displayed any friendliness towards cryptocurrencies.

The report from the NEPZA (which is the agency discussing a partnership with binance) does not indicate anything, besides a shallow worded interest in promoting a flourishing blockchain and digital economy.

This could be an attempt to whitewash the public image of the FG or a way to slip in the eNaira (CBDC), which has not been a crowd favorite, for obvious reasons

The Op has hundred of such replies and a handful of FUD topics with some being outright trolling.
It's most likely an attempt to get attention from the forum and it seems to work a lot, or some people get to have fun at the expense of the troll.

Good luck finding the best way to gain money and actually expending energy on that.

Russia has recovered a lot from when sanctions first hit and this is evident in their currency rebound, after the dip around March.
I can't pick and choose which policies are unfair and what reactions would be commensurate to the war actions, but, the high dependency on Russian oil and gas by Europe and U.S, gives Russia a huge leverage and limits how much aggression can be done against them.

The U.S. have to go to Saudi Arabia for relief, which would be a difficult agreement to reach considering how relations has been between both nations.

There is generally less interest in the war from the general public, but the impacts are still very well being felt by different nations of the world.

Russia is testing the extent of European dependency on their oil, in relation to sanctions placed on them.
They also have an alternative to sell to more friendly countries and have European nations buy back at a higher markup.
It would be interesting to see how this affects foreign relations in the next decade or more between European nations, Russia and U.S.A.

Why does this need a thread?

Transactions are available on the public ledger, but this does not mean every transaction above a certain amount should be scrutinized.
People can choose to trade or move their coins to a different storage form when they need to

This seems like an equally ridiculous take to me. Are there any laws guiding what industries can be let off or what takes priority over others.

Mining is sort of a business venture for miners, same with industries and factories everywhere which consumes loads of electricity. Why would one take precedence over the other...

I have not heard the argument of Bitcoin not surviving the coming winter. Does that refer to the actual season (weather) or the metaphor used to describe grim bear markets? I'm assuming it would be more of the former, as Bitcoin has been through multiple market cycles, but would appreciate a bit of clarity.

About someone switching off electricity and stopping mining, that's quite a ridiculous argument. For one, if there is a global electricity crisis, almost all industries would take a huge hit. And there's no someone that can switch off electricity and cut of miners.

Also, why are presumed global crisis said to be a Bitcoin problem?
People are always discussing the effect of quantum computers on the cryptography of Bitcoin, but if hypothetically it became a reality, this would be an issue for all global security outlets. Same with an electricity crisis.

No government can ban Bitcoin, they can only ban themselves from the network. In Nigeria as a case study, the government restricts banks from engaging in crypto transactions, so you can not directly fund an exchange account from your bank account. But if you were to trade directly with anyone, the bank would not know the source of the funds received.

Accounts can be suspected and restricted if it suddenly starts receiving huge inflow of cash, not necessarily related to Bitcoin. If you trade P2P, tracing the source of the funds would be through thorough investigations, or if it was included in the transaction details.

• Use self custody as much as possible,
• Only trade with decentralization, P2P platforms,
• If you're in a really hostile country to Bitcoin, then it might be advisable to relocate, if that's an option,
• Document all your transactions and the source, should you ever need to prove you didn't do anything illegal.

I personally like the vintage feel those options give the forum. I didn't use majority of them growing up, but can learn through the forum what instant messaging was before telegram, Twitter, and the likes.
I also do not see how erasing them optimizes profiles.

There should be less interest for users to link their socials to the forum, except they deliberately want to.
A newbie on creating an account and finding out they could link their Facebook or Twitter can do that out of curiosity. This could expose their identity inadvertently.
For someone who want to include some contact options, there are variations that can be used to include any they wish to.

'Your friend' is back and spamming bounty links around the forum again.
I am not quite aware what the reason for the ban was (most likely spamming), but you friend should be more careful, to avoid subsequent temporary bans and maybe a permanent one.

You are somewhat correct on your other points. 15× is a quite reasonable expectation, but the goals of traders do not quite determine where the price is headed.

×2 compared to the last ATH is over $120k. That's quite a high decent ROI from where the price is now, to wherever the bottom of this current cycle would be. I would be quite satisfied with that as well.

It's not time for Satoshi to do anything.
Staying anonymous keeps Bitcoin truly decentralized and consensus based.
If someone can be scammed by a Satoshi impersonator with no proof, then they would be scammed even if he was publicly known.

My guess is, it doesn't follow previous cycles, at least not exactly.
The market is been becoming less volatile over the years and we are not seeing ROIs to the tune of 1000× or 100×. It's now within a more conservative amount that was (10× or less). $11k to $240k is large return and I would genuinely be surprised if it goes that high within the next bull run.

As you said, it is all speculation.

Alright, I understand you now. Great minds they say...

A handful or less.
Many would have already sold even before Bitcoin hit $100, many more would have panick sold at a loss and some would have made huge profits holding on to $20k or maybe $60k.
The chances of holding all through the high prices we've seen over the last 5 years are quite slim. Don't have a estimate, but it would be a very low number.

Great thread Ratimov. Bitcoin has come a long way from the really early days, to today, the early-ish days and a lot has changed within over a decade; the Bitcoin network however, has remained more or less the same.
I would merit you, but I got only one smerit left and I'm saving that, as a reserve.

I don't find it weird at all. Bitcoin was unpopular and had zero market value then. So those who got into it had to have a real reason to do so, one which would more often than not, resonate to the actual purpose of Bitcoin, which I believe you share.

Majority getting in now, see that lots of people got profits and they want some too. If the government can still subpoena them through the centralized exchanges they use or they have no privacy, or do they own the keys to the coins, doesn't matter at all.

Passion is highly subjective and can be interpreted differently by different people. Passion is also not mutually exclusive from extrinsic motivation to fulfil a task. Hence, a forum user can be passionate and get be motivated by a paid signature they are wearing. This of course does not mean, they simply come up with things to write to reach a post quota, rather spend more time on the forum and get to share what they think more.

As an illustration; I frequent some social platforms and would usually come across content I like there and have something to contribute to, but more often than not, I would not engage such content (could be due to laziness, lack of decire to enter a virtual discussion with a stranger, or laziness). On the forum, however, for someone wearing a paid signature, there is more of a motivation to type out what they think and share with others.

P.S, there are lots of spam posts made to meet some shit bounty quota. I'm discussing on regular users who have an interest to contribute.