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5281  Bitcoin / Bitcoin Discussion / Re: Breaking NEWS: SEC, Bitcoin now legal (a security) in Nigeria. on: September 15, 2020, 12:48:38 PM
Quote
I'm also having a mixed feeling about this getting abused (manipulated) to their (the government) selfish interested in the sense that they mandate any company wanting to operate in Nigeria to cooperate with them in leaking users sensitive information

This is a salient issue. Regulation is about centralizing a system and that involves identity unveiling. I don't think the Nigerian system is ripe for this they want to dive into.

There are other big issues they should tackle and not to wander into the crypto space. There are electricity challenge, inflation of price of crude oil, health sector in comatose, no good roads available, striking workers etc. They need to tackle basic amenities and gradually learn from technologically advanced country.


Quote
While I'm happy this will reduce the rate of scammers defrauding innocent Nigerians of their funds mostly due to their ignorance

Don't be surprised this might be defeated because of high level of corruption.
5282  Economy / Economics / Re: get ready guys for this soon on: September 15, 2020, 12:08:23 PM
Is Op trying to say the world is about using a one fiat currency?


Brexit

Brexit can be the only reason I see that will make pounds go into extinction or the EU starts using Pounds, hehehe. Brexit is about the Britain using Euro and this has been a long time financial struggle.
5283  Local / Nigeria (Naija) / Re: African bitcointalk community hangout on: September 15, 2020, 04:52:06 AM
Make we just juggle our brain small. Anybody wey get am, I fit give am 1 thing  Grin

Tell me wetin beat husband for where the wife and children dey?  Grin


Na rain.

Lol... Nope. I go wait for like two more response.


Na hunger
5284  Bitcoin / Bitcoin Discussion / Re: IMF educates about cryptocurrency (pros and cons) on: September 14, 2020, 04:28:58 PM
Thanks for sharing this. I have never come across this. When you see firms like IMF advocating for cryptocurrency this means something great is coming. Long live the blockchain.

Greater thing is coming for bitcoin and blockchain That was in 2018 and bitcoin adoption has increased with corona virus bringing the presence of internet and digital currency use, more people are now having more confidence to invest more.
5285  Economy / Economics / Re: Your eyes can help your economy, please protect it for your good. on: September 14, 2020, 03:47:41 PM
I feel for those whose sight have been lost due to a reason or child birth. The eyes is the most important of all yes , it helps for seeing what is around you, the colour of what you eat and determines our choices we make especially for physical things. This is a reminder to take care of our eyes. In a country where the government don't take care of the citizen, I believe a blind person stand very much a lesser chance of financial growth.
5286  Economy / Trading Discussion / Re: Outrageous trading fees, should I switch to stocks? on: September 14, 2020, 01:16:20 PM

But if you are thinking about easy money, you might be wrong for Bitcoin because in a certain thing that in never shows like than, we can never say exactly what will happen after we bought it.

No free meal found anywhere. Bitcoin is also about being patient. If Op gets more patient on the fees and hodling, in time coming the fees will be okay as price gets stable. Volatile is high because direction is not clear yet.
5287  Alternate cryptocurrencies / Altcoin Discussion / Re: SEC fined rapper T.I. for promoting a fraudulent ICO on: September 14, 2020, 11:49:36 AM
This is a good step to the right direction. I believe this was possible because they were known names and easily traceable. Anyway, SEC needs to keep it up as more known people could be behind ICO fraud and manipulation.
5288  Economy / Economics / Re: Australia will join money printers soon Good for btc on: September 13, 2020, 09:37:16 PM

Good for btc Now there is a lot money to push Up btc...


I think that act of printing money can only benefit btc if the government is giving some palliatives to the people or give it out as very soft loan. If money is printed and not well checked, it can become another problem.
5289  Bitcoin / Bitcoin Discussion / Re: BITCOINS REALITY SHOW (BRB) on: September 13, 2020, 07:58:01 PM

For me, instead of a reality show with a lot of episodes, I think commercials can attract viewers more because they'll be able to see it even if they are watching a different show.

I also think this can do more than having a full reality show for bitcoin to create awareness. Such is not needed even as no body has indicated interest to organize that. Therefore, running commercials about bitcoin on intervals on a television or radio show about usage and advantage of bitcoin is better. Moreover, there are some football club already having bitcoin logo on the Jersey .
5290  Economy / Economics / Re: Will African countries be developed? on: September 13, 2020, 05:25:30 PM

What can possibly lead to Africa countries getting advanced so the quality of living in the continent will improve?


The most difficult thing to die is corruption. So is better to avoid it in a country because once it appears, it builds it stem and starts growing with branches and leaves. This is one good thing about some Arab countries that have zero tolerance and capital punishment to corruption.

How it can go off is by two ways. The first is through the people in government by having the will to follow the law on people proved to be corrupt. Another is by the people taking power by themselves like the Arab spring in Africa recently through Egypt, Tunisia and Libya.
5291  Economy / Trading Discussion / Re: What I think will be the top cryptocurrencies in 2021 on: September 13, 2020, 04:45:02 PM
Quote
6. Tezos : We all know how this gonna run.
 
Please would you explain how is going to run? I also consider getting it but the total supply is a little high and I don't understand how this coin can move.


4) DOGE

Is doge still good for buy? Is the team working to upgrade its value?
5292  Other / Off-topic / Re: It's time to destroy China,don't buy anything from them ,don't deal with them on: September 13, 2020, 03:40:52 PM
Why everyone want to destroy China. Truly speaking they're the one who gives sophisticated life to the middle class people. If Chinese products weren't available in the market, surely the middle class could've suffered a lot. In simple every business entity focus on the elite group, but Chinese products are specifically made for middle class. Maybe they are away from rest of the world, but they've done something big to the world.

They have brought close the gap between the highs or lows in the society in the product and productions they make. They do every part of the production and make things accessible for everybody, from technology, roads and rails, products but such things made by China don't stand the long time it is expected. Example roads that Chinese build are not lasting a long time and likewise there technology, phones and laptops. They need to start manufacturing stronger products.
5293  Economy / Economics / Re: Will bailouts become more frequent? on: September 13, 2020, 06:00:01 AM
About bailout, is going to keep being there as long the system requires it for life to continue. This is one big role that government play which makes it relevant. They print and regulate money in the country by doing that.. Series of bailouts have come even before covid-19 that came as bailout for some government, palliatives and economic support for different government.


I think we will soon just start to see government ownership of financial institutions instead.

I think the government already own the banking institutions or has a great control of it because the government regulate it.  The the government do this through the central bank that directly guilds, regulate the policies of banking in general at least in some system. They appoint the governor of the central bank who can be fired out of appointment before tenure expires. The government also has influence in some banking decision like mass retrenchment, loan percentage, merger.
5294  Alternate cryptocurrencies / Bounties (Altcoins) / Re: [Bounty]DEGO.Finance Defi with Sustainability-100,000 DEGO Token[Total 8 weeks] on: September 12, 2020, 08:52:11 PM
Week 2 (06/09 - 12/09)

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Retweets:
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Tweets:
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5295  Bitcoin / Bitcoin Discussion / Re: Is bitcoin difficult to understand on: September 12, 2020, 07:46:51 PM
Interest is a factor on why people are finding something hard to understand this applies to all aspects. Bitcoin isn't that difficult to understand if we will just put time into studying it and getting in depth with its parts and what makes bitcoin. Yeah there are some complex part about bitcoin but you can make ways if you are really interested in learning bitcoin, you can find someone or join seminars don't just focus on textbooks/articles.

Dedication to learning is the way forward. Interest is another too. And if somebody has no interest, dedication will not be reached. Interest is what makes learning easier , interest is important. With interest, learning bitcoin is very easy.
5296  Bitcoin / Bitcoin Discussion / Re: New Stimulus Bill Rejected- Good News For Bitcoin.. on: September 12, 2020, 11:46:43 AM
It's going to be a disaster really in a matter of months or years at last. And if that isn't bad enough, the entire world's economy will be affected by it. On the other hand, I guess it's great that at least we're some of the few who've locked in a quite safe position.. safer than fiat anyway, considering all the events.

I'm no economics expert, but I think the effects would be felt years and years down the road, while some people are sort of "celebrating" right now due to the "free"(at least some of them think it is) money. Feel free to correct me if I'm wrong though.

And yea, I also think I might be in a safe position(at least safer than the people who doesn't have assets) due to my holdings, but damn a lot of people are screwed.

I think to agree with you guys that the free money being celebrated now could have some effect in the American economy because $1,200 going round is kind of surplus money in the system. Although the government is doing that to take care of there people as primary responsibility of government and to take away burdens and bad feelings from families who have lost beloved, this is psychological and a nice thing to keep up until the people get back to normal.

And on the effect of the surplus money in the system that could lead to, I know that is easy to check by increasing tax and increasing interest rate on loan.
5297  Local / Nigeria (Naija) / Re: African bitcointalk community hangout on: September 12, 2020, 10:09:54 AM
Make we just juggle our brain small. Anybody wey get am, I fit give am 1 thing  Grin

Tell me wetin beat husband for where the wife and children dey?  Grin


Na rain.

Lol... Nope. I go wait for like two more response.

5298  Bitcoin / Bitcoin Discussion / Re: Government aid being scammed. If the same had happened through bitcoin? on: September 12, 2020, 10:01:38 AM
Blockchain would provide a ton of transparency to the inner workings of government, but that's also exactly what government doesn't want since they thrive off of corruption and in efficiency. So I wouldn't ever expect any such things any time soon. At best, a trendy micro nation might do something like that but even that I think is unlikely.

The government wants secret things and not exposure, this is the reason that many don't want to adopt blockchain so far. They want expose the public dealings but they don't want things in government houses to be known. For them it is better that way, to keep certain things secret except when it is important to bring it to public. But the modern day life with blockchain is about open administration.
5299  Other / Politics & Society / Re: A new kind of colonialism is called neocolonialism. on: September 11, 2020, 03:28:46 PM
colonisation is not the big fear its presented as

corporatisation is
many governments are outsourcing public services to private businesses and causing the private businesses to become stronger while weakening the powers of government.

many public services end up costing more tax money but end up offering less actual services to the public. and these private businesses then end up having clauses where the cost to break the contract outweighs any savings the government treasury could make by finding other vendors.

EG imagine a police stations IT that is secured and upgraded by a private contract. if the state governors decided to stop the contract. that private company not only sues the state. but also takes out its IT meaning the criminal records data. leaving the police with just a notepad and pen system.

IBM has taking over local council and police IT systems for some area's meaning. they pretty much run everything. yep that includes the wage budget for council workers and police. this has caused less police officers and more voluntary 'community support officers'

elderly care was al public service. now there are more private healthcare facilities which have doubled the cost of being cared for, while offering less services.

im not worried about the <1% migrant 'colonisation' but i am concerned about the prvatisation of things our tax money suppose to pay for as thats the real colonisation. france has many 'services' that are running in the UK meaning that france is more of a threat then the middleeast immigrants

Buddy go and check, you realize to your surprise that most privatization done fall in the hands of people in government and their friends friends. This is why people pay more and get less for the service and nobody blinks an eye on that.
5300  Other / Politics & Society / A new kind of colonialism is called neocolonialism. on: September 11, 2020, 01:50:41 PM
Neocolonialism is the recent emergence from colonialism. I want to agree that colonialism is a direct or physical domination of people especially against there will, knowing or unknowingly consenting or forcefully. But neocolonialism has nothing to do with physical presence or consenting as it may be, it involves either dependency (knowingly or not).

Neocolonialism involves the use of economic, political, cultural, or other pressures to control or influence other countries, especially former dependencies or the control or domination by a powerful country over weaker ones (especially former colonies) by the use of economic pressure, political suppression and cultural dominance.
The above explains neocolonialism as it relates to colony and her colonial country.

However, neocolonialism has gone pass such simple narrative. Some developed countries too are facing this neocolonialism and other less developed countries are facing it with countries that have colonized them and also in the hands of world agencies like IMF, WHO, UNO, UNESCO etc. when they solicit for loan and other support because they give condition either to provide a certain percentage of manpower/professionals or condition for security.

Most of the third world countries are being recolonized by this neocolonialism because they are solely dependent on technologically advanced countries for almost every aspect of life and they are also getting alculrated as they are jettisoning their own culture and tradition for cultures new to their system even when the home culture isn't outdated or against natural
justice.

Neocolonialism as I said earlier is not only on the countries that are technogically less developed. Hence, as far there is trading, buying and selling , a developed nation can also be a victim of neocolonialism by having spy in their midst and agent maybe



There is a super state that controls most of the world, and they appoint the governments of countries to benefit themselves.

That is right and it is called neocolonialism.

They benefit themselves at the expense of the country as a whole and the masses suffer it more.

Neocolonialism is not a symbiotic relationship but a master / servant relationship.

.

This is one way that it can also happen
https://bitcointalk.org/index.php?topic=5271464.msg55078849#msg55078849

Ways to know A country under the neocolonialism agenda are:


1. When a country can't process there raw material into any kind of utility goods they desire and also make use of its byproducts too.
Countries that fall on this category are highly facing neocolonialism because they are going to be majorly an exporting country and that means they can't grow in GDP. They can't generate good foreign reserve. They can't grow there home industry and employment will be very high leading to many vices, unrest, economic and political instability.

2. Country that budget more percentage to recurrent expenditure/salaries rather than capital expenditure/projects. When you don't develop your roads, electricity, hospitals and other amenities, you don't grow economically and otherwise.

3. If your country travel alot to other countries. By doing this, they create jobs for the sectors being visited while providing foreign exchange for them and strengthing their currency because you have to convert to their currency, and that's making its demand higher.

4. When the country is surviving on loan from world organizations and countries. No country grows by servicing debt always.

5. A country that suffers from brain drain. This is because her best heads are scrabbling for greener pasture elsewhere because they are getting more incentive.

6.When your country is highly a consuming nation: You only get utility (by the way, utility in economies is when goods get to consumer as finished product or ready for consumption goods) when you transport raw material elsewhere for finished goods.

7.When your country is home to dumping of used technologies and products. Because the country can't produce them but desire them as means of survival.

8.When your country is always devaluing the currency. This is a sure signal because you get the advise that when you devalue, it takes care of inflation etc but that can work for a producing country not a dependent country.


Solution for running out of dependency and neocolonialism

1.Education: This is foundation to all because everything starts at this level which is the basis. It includes formal and informal

2. Develop your technology: This is also important because you can build, construct and maintain your amenities yourself and save cost, reduce expatriates.

3. Strive to become a manufacturing country: This is important to build a master/master trade relationship and not master/servant. You have equal bargaining and exchange power.

4. Zero tolerance for corruption: As always, a corrupt country will always be a retrogressing country.
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