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4261  Bitcoin / Bitcoin Discussion / Re: Why do people avoid bitcoin? on: February 07, 2021, 11:04:55 AM
I do notice that some people naturally don’t allow bitcoin in any of their daily transactions.
   It is a common mode of action for people to fear what they have little or no understanding about. It is also a common thing that some people respond and accept changes a lot more slower than others. You do expect a man who normally receives his salary in dollars, to suddenly accept bitcoin as a new tender without proper information on what bitcoin is and its prospects. However, with time as popularity increases and acceptance is gained, people will come around.
4262  Bitcoin / Bitcoin Discussion / Re: Twitter founder interest in Bitcoin on: February 07, 2021, 10:53:54 AM
Jack Dorsey (the CEO of twitter)  just like Elon musk are visionaries that have identified and seen a very clear and bright future for Bitcoin. Being CEO's of top companies (Twitter, tesla, SpaceX etc) with interest in bitcoin, it  will surely drive its acceptance amongst other CEO's as well and others that see them as mentors and also increase the overall value of bitcoin. This developed interest, is very beneficial to the crypto community.
4263  Economy / Economics / Re: Nigerian Banks To Close Accounts Involved with Crypto on: February 07, 2021, 08:28:46 AM
This new development has been met with major criticism from both the citizens in that country and other onlookers from around the globe. It is however noteworthy to state that developments and policies like this usually spearhead the popularity of crypto among those who would have never heard of it. With recent statistics showing that the country is the second largest after the United States with crypto investors, i only see a situation where P2P style of transaction is promoted.
4264  Other / Off-topic / Re: Some romantic phishing attack to stay away. on: February 07, 2021, 07:31:36 AM
Scammers are really developing new strategies to phish information from anyone who lets his guard down. If you haven't been a victim of phish attack before, it is best you learn from the experiences of those that have been victims. Experience in this case, is not the best teacher.
4265  Other / Politics & Society / Ban on cryptocurrency trading in Nigeria, a good or bad move? on: February 05, 2021, 06:40:00 PM
The highest bank in Nigeria, the bank of other banks  has issued a strong warning to  financial institutions to stop cryptocurrency transactions or risk severe sanctions. The Central Bank instructed that Deposit Money Banks (DMBs) and other financial institutions should identify and close the accounts of persons who transact cryptocurrency. This order is to take effect immediately.
In 2018, it can be recalled that the central bank in Nigeria  issued a statement stating that cryptocurrencies are not a legal tender in Nigeria.
This new and unnecessary development has raised a lot of concerns, could this be a conscious move by the government to discourage the use of cryptocurrency and to put under the table the ideology of a decentralised financial system in the country?
Why is the country taking such a backward decision in such an era where other countries of the world are incorporating it into their financial system.
4266  Other / Politics & Society / Re: Face mask, politics and the funny side, a new normal in Nigeria on: February 04, 2021, 09:40:42 PM
I believe that just like other sicknesses and viruses, the corona virus is here to stay. For the purpose of this discussion, it is necessary to point out and bring to our remembrance that just like we are all facing the corona virus right now, the world has also faced some other pandemic and epidemics that changed the course of history and other times, signalled the end of a civilization. AIDS a Disease caused by the HIV virus claimed over am estimated 35 million lives globally and still remains epidemic in some regions till date. The world as a whole has been forced to adjust to it and continue thus so also it will have to adjust again to the terms of the Corona virus for the now if we must continueto make progress.The world cannot completely eradicate the covid virus, hence it must adjust to a new way of life, a new norm. The USE OF FACE MASK, is one of the terms of relationship the corona virus has brought upon us so we must adjust. Although some do not properly adhere to the rules of proper usage, it's necessity cannot be completely ruled out. It is important to always use your comfortable face mask in public places.
4267  Other / Politics & Society / Re: People in government is against bitcoin on: January 30, 2021, 06:24:43 PM
It remains a fact that Bitcoin is revolutionary. It has brought and opened up a new financial market that those yet to accept (some governments and some individuals) it as a medium of exchange because of their underlying skepticism will be self pressured into giving it a chance. The vast majority of financial institutions of leading countries in the world, are already seeing possibilities with bitcoin. Soon this fast spreading financial fever will spread and catch up with both people and governments of other countries.
4268  Other / Beginners & Help / Re: Not your keys, not your Bitcoin on: January 30, 2021, 06:13:29 PM
 “Not your keys, not your Bitcoins”. This is  statement from those who have been victims of stolen bitcoins. It is a statement that is meant to call to your attention that as long as financial transactions remain centralized, the situation or happenstance of you losing your bitcoin is almost inevitable.
 This is perhaps the reason why the Decentralized finance (DeFi) is the next big thing. Decentralised financial systems are based on smart contracts which operates automatically without any interference from a central source. You get to make the rules and policies as regards your financial life, You become the Boss!
4269  Other / Politics & Society / Re: Lai Xiaomin, former boss of an investment fund Executed. on: January 29, 2021, 12:51:59 PM
The Chinese government has strong laws and frowns against bribery and collection of bribe. The death sentence is too strong a judgement for collecting bribe (life imprisonment should have been considered). However, examples that have been made with people that have defaulted like Mr Lai Xiaomin will surely send a strong message to other corrupt officials that collection of bribe in the country is a "no no" and could cost them their life.
4270  Other / Politics & Society / Pfizer-BioNtech vaccine, is it the end to the deadly corona virus? on: January 29, 2021, 09:08:45 AM
  Isreal leads the race in the vaccination against the deadly Corona virus. The Israeli government struck a deal with Pfizer Biontech a German biotechnology company  to get quick and fast assess to the vaccine from them in exchange for a partial access to the health data of its citizens. With this deal in place, since the 19th of December, up to a quarter of Israel's entire population have received at least one dose of this vaccine.
   In a very recent published in their local news blog (see link at the end of post), the Pfizer-BioNTech shots are  living up to expectations as statistics taken from the people vaccinated has been found the vaccine to be 92% effective against the virus, an impressive statistics for the vaccine outside clinical trials and test. Israel is set to increase vaccination and have more than half of its population vaccinated by the middle of the year.
  Although this is raising up the issue of a breach in privacy, are we about to witness the end of the corona virus? Is this statistics good enough for other countries to begin vaccination and use of the Pfizer-BioNtech vaccine?

https://www.google.com/amp/s/www.timesofisrael.com/vaccine-found-92-effective-in-israel-in-first-controlled-result-outside-trials/amp/


4271  Other / Politics & Society / Re: Once upon a time on: January 28, 2021, 03:43:33 PM
Our present time now will someday become "once upon a time" . Some rules in place now that sound right will in some years tine sound almost ridiculous. We are in a state of constant evolution and things are changing fast hence some rules have to be put in place and others changed to suit the current time. If some of the rules stated on that meme hold any truth at all, we might get to find out from proper investigation amd analysis that some of those rules made sense then because they were suited to their current time and it was needed to keep society moving.
4272  Other / Politics & Society / More deaths in Nigeria. on: January 27, 2021, 09:58:40 PM
Months after the killing of innocent Nigerian youths exercising their fundamental human rights at the lekki toll gate by some members of the Nigerian army on an executive order, more deaths have followed. Not at the hand of the pandemic, but this time as a result of the clash between members of "Eastern Security Network" (ESN) and the Nigerian Army leading to more deaths both from direct and indirect gun fire,  and loss of properties in the eastern part of Nigeria. The crisis had been brewing since last week after an altercation between ESN members and the police resulted in death and a viral video of members of the ESN celebrating in a police vehicle they confiscated surfaced. Economic activities in the state have been really affected as a dusk to dawn curfew has been instituted.
4273  Other / Politics & Society / Re: Isolated Covid Free Cities, 2 Week Hotel Lockdown to Enter Life as Normal inside on: January 27, 2021, 09:30:25 PM
The idea of being isolated for 14days before being granted full access is a reasonable move. If staying off for 14days before being granted into the city is a part of the requirement or law that needs to be upheld  before access to the desired city i am visiting, it is no big deal. I am more than willing to not be a risk to other people in that city.
4274  Economy / Economics / Re: Trading Bitcoin in Africa Is a Way for Some to Escape Poverty on: January 25, 2021, 08:58:28 PM
Since the recognition of Bitcoin as having a strong market value and good market growth projection, some see it as a better way to save & make gains from their local currency i.e buying the BTC with your local currency. And we all know that the value of most currencies of African countries have little value when compared to the USD.
4275  Other / Politics & Society / What if life is a dream and death finally wakes us up? on: January 25, 2021, 03:52:56 PM
Ever wondered where dead men go? What if it is all a dream, one big dream and the day one dies here, he wakes up from this dream and opens his eyes to the real life?
4276  Other / Politics & Society / Re: How do you feel about politicians and central bankers? on: January 25, 2021, 03:09:01 PM
Our politicians have failed us time and time again, else nothing will prompt such an exclusive thought. However, it is also important to remember that the process of governance and government is a continuous process and most incoming politicians make loud campaign promises knowing in their hearts it is easier to change/make certain laws & policies orally than in reality. When they finally win the hearts of voters and enter office, they are faced with the reality that some laws and policies as simple as they seem have beneath them a lot of beauracracy. To however suggest to replace them with softwares is to wholeheartedly surrender the whole system to cybercriminals and hackers.
4277  Other / Politics & Society / Re: What is wrong, with current social networks and messengers website/app? on: January 25, 2021, 02:46:52 PM
The world of social media (apps & websites) are experiencing a massive influx of new users daily especially as some people are still in lock down and are looking for ways to still have an interaction and connection with the outside world. Their systems are bound to experience some lag & data loss expect they are already making provisions to fit the new intake.
4278  Other / Politics & Society / Re: Social distancing and self isolation on: January 24, 2021, 06:32:07 PM
In a continent like africa with a very underdeveloped and analog systems, practicing social distancing and self isolation is next to impossible. They have very underdeveloped transport systems, underdeveloped markets and the most serious of them all, people that are not well informed and civilized to deal and handle the realities of the virus.
4279  Economy / Economics / Re: What's going to be impact of this tragic event in India's economy? on: January 23, 2021, 12:08:17 PM
Be it intentional or by accident, the fact remains that covid cannot remain forever. As for the vaccine production, the urgency for production is understood and a minor setback as this (the fire outbreak) will not be allowed to get in the way. I think that what we should be considering here is the impact covid had already caused to India's economy and the more negative impact it will cause if the vaccine is not promptly produced and distributed.
4280  Economy / Economics / Re: In 2021 to 2022 you decide your life and wealth on: January 23, 2021, 05:12:45 AM
I personally see this year 2021 as a time to strategically make investments for tomorrow. It is a time to be intentional about our life and wealth. Good investment decisions made now will ensure peace and financial stability and the outcome of the decision will be reflected in the coming years ahead.
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