Not far from the saying that "If you want to hide something from an African, put it in words of a book". So it's like the government discovered it that the citizens are growing wiser in education and productiveness to had been so much reliable with the cryptocurrencies and how fortunately good the citizens are fairing with the system.
Apparently with the indefinite exercises of the governments over crypto transactions in the country, it's assumed that the government is not being suitable to see the citizens to financially excel.

First was bitcoin and the rest cryptocurrencies being scam technology as falseful speculations and lately banned of federal financial facilities not facilitation on related Crypto transactions, they're actually seeing the progress of crypto currencies coming to establish and booster the economy specifically based on the adoptors and of recent they're engaging on stopping citizens involving in the cryptocurrencies from executing crypto exchange transactions with the propaganda that it's responsible for the devaluing of the naira.
That's to say those who're not into the Crypto lines due to lack of the digital knowledges would find it reasonable to agree with the federal government that truly the cryptocurrencies is responsible for the naira falls.
And once the government succeds in poisoning the minds of the Crypto illiterates, those who're Into the crypto would be seen as fraudsters in the society due to how the government has convinced them all.
But meanwhile those who're knowledgeable even without adopting to Invest in the Crypto would sure know that the federal government are only being critic and unnecessary faultfinders just to distabilize the progressive insurance between cryptocurrencies and the masses.

The government and the CBN are acting too unprofessional and frustrating over this long run about this crypto sphere and its processions of exchange transactions.
So of all being crawling around the country in both economy, education and security aspects, cryptocurrencies has now become the centralism taking responses to all that being mattered about the countries setbacks ? So ridiculous to see how supposed to be individuals as leaders that're meant to be diplomatic and focus on how to drag developments into the country and engaging on facilities that'd fertilize the economy are now the once deliberately causing chaos to the national growths.

Let's just live my faith because if the government wants to place cryptocurrencies an illegal, they can actually do it because they got ball up to the courts.
While the government are frustrating its citizens from the crypto, I feel to express that those actions taken are just strategies to pressures traders and investors who're involving into cryptocurrencies to lias on paying taxes. We should've to understand the trickish institutions we've as governments who're always extorting from the citizens for no just course.

While you stood to say you're still an amateur, I want to use that medium to let you know that mining is an expensive program and so also it's complex that requires exhobitant apparatus which many miners has regretted ever being in the mining pool.
Be let known that the profitabilities are usually not assured so that you don't just think you're bumping into an overnight or assured million dollars pool.
You can best go on research to satisfy your instincts.

Otherwise you're right because marketing team duties are based on speculations for promotions in specific attract Investors.
So if investors comes in to invest in the project and it happens that the coin doesn't have the potentials that attracted the Investors of course the very investors would dump the project.
At most considerate, some project developers has fails to maximize their project potentials in strategies to pin down investors, these developers are most time being too greedy to release funds for project services and once they've spent more than they budgeted, they began to think otherwise on how they can manipulate and recover their expenses through which the system would be crashed.

I feel it's unfortunate if investors would just bump into investing in any of those crypto coins just based on the attractiveness by the projects hyping and get lost of making researches about the coin.
I can probably say that my choice of coins to expand my investment portfolio is not listed among the mentioned coins. But that be the case, I'm not discriminating that the are non good profiting coins worth investing on but whoever that have to invest on any coin especially the MemeCoins should undergo the coins research so that you don't throw your money off the pool of no profits and no recovery time of fund.😏

No offense, read me again as I quote on my expression in the thread:


So while without getting this twisted, if you check on crypto adoption records today, you'd be found that Nigeria as a nation has contributed to a wider scalability of bitcoin adoption in the World but coming to our country on the scale of bitcoin and crypto users, you'd figure it out that there are more crypto unknowledged persons than the number of knowledgeable Crypto persons in the society.
While we or those who're acknowledged about bitcoin and the cryptocurrencies such as utilizing the digital financial technologies potentials on the p2p transaction system and also holding for assets, it has been a reliable financial system for those that're notable about the digital system but since the government has stood to inconvenience the system for those who're into it, it has become a thing of huge changes for the Crypto adoptors to cope with the system.
So if most number of Nigerians were literates such as if we've had more number crypto adoptors to say almost the masses are utilizing the crypto markets, it'd had been easier for us transacting with the digital financial technology using the p2p on a non custodial network instead of the centralized exchange where the government has power of decisions on.

So @Richbased, I hope you get my  point of view now? Literally and in the reality world of now, there are more crypto illiterates in our society who're not familiar in transacting with the cryptocurrencies than the number of Literates utilizing the financial technology.

After reading your thread, it has much recalled me to a related thread I made lately last week with talks about who's responsible for an AltCoin be stay alive and providing those positive potentials which was speculated and hyped out of it all that attracted investors to invest on the coin and also, who's responsible for then the coin could just die off given investors disappoinments providing that what was speculated and hyped about the coin isn't what the coin was about at the middle of the journey.
Who's responsible for the dead coins

Then it'd be assumed that the coin was a scamming scheme if the developers left it all for the investors to do all that mechanical, security, speculations and such as the liquidations of the projects by themselves just because the whole system is being too exhobitant for the developers to bear.
Before a developer should engage on developing a coin, he should be aware and keep all necessary requirements such as funds to equip the system available because you'd have to spend a lot of you must achieve a lot too.
I think this is why investors fears new projects to invest on them because they don't know the mind and capacities of the developers.

Okay, I understood from the aim of the Op is to understand what non custodial wallet is and literally he/she does not have an ideal about the centralized wallets such as the exchange wallets.
I have think I've figured rightfully where he's headed up to.

So Op, non custodial wallets are those Crypto wallets that the crypto holders are responsible in a private modelitty of being in charge of their assets by coded generations of seed phrases for security gadgets to personal stay in control to their assets which is in the non custodial wallet.
The non custodial wallets doesn't demand the processes of KYCs which could keep an investor or a crypto trader on track with their asset transactions.
While the centralized exchange wallets are wallets that deemed not to given a 100% access to your assets private security keys because you can be under watch and trackable with the demands of KYCs to enable p2p transaction in exchange of trading with the centralized currencies such as the fiats.

So people chooses to store their assets in the non custodial because they needed to be sure that they security of their assets is under their control with the seed phrase which the centralized wallets are exemptional to the security and private features.

Bitcoin has really been a conducive source by which we can process our financial transactions via P2P without the exchange to fiats just to process with the local transaction. And boycotting the barriers by which the government stood as blockage against the citizens and the Crypto exchange by ingnoring using the centralized exchange but making our payments directly on the p2p on non custodial network would had been a good alternative for us but the problem lyes on the quantity of citizens being literates with the digital financial system because as much as I know, there are much more number crypto illiterates in the society which would be a majority aspect for us.

I think this is the weak point where the government caught us captive, they understood that there are over emphasized illiterates in our society and the government are been adamant to structure an educative and civilized society atleast that it could impact to enhance human human resources and infrastructures.
This has in time made me felt like the governments are benefiting from the illiterate being of the people knowing that they do not know the DOs and the DON'Ts and how they can be audible to be defendant.
So if major of the masses in our society has adopted bitcoin or even having a reliable knowledge about it, I don't think if the government would had gone so far opposing the peoples wills over cryptocurrencies.

It's definitely uneasy but how can we as citizens educates ourselves virally because while hoping on the government for our wellbeings, things would keep going astray.
Is there a measure to conquer this government with our decisions over cryptocurrencies? Let's share some thoughts though it could be tough or even impossible. But no offence in trial and bringing of ideals.

So the developers could actually have a plan B budgeted that if the current launched coin fades they would swap to other pending projects to cover their lost or I should say providing another scheme to drain investors funds or what?
Clearly and believably, developers are to be accountable because the coins potentials and technical programs were developed and installed by the developers including the maintenance and improvement factors are disclosed to the developers while investors are only individuals who steps up to invest their funds and just let it generate income for them and if the Coin is doing well they can accumulate on DCA but if it doesn't lucky ones would always cashout before those dramas of system crash as the developers inabilities to build a solid blockchain with potential coins.

While Rewards would be earned on playing the game, that's an interesting one but hope the interesting features also includes graphics and animations because that's my most considerates while glancing around available games if I'd have to be convinced to adopt it amidst others.
I love giving new games trial and hope I don't feel regreted if I'd have to get on this so much spiced game. Lol

Wrong, bitcoin is not generally banned to illegality in all the countries,  let's also understand that between banned and illegality which is to say banned can be restrictions that the government financial sectors wouldn't be able to associate in facilitating on bitcoin transactions but every private or corporative associations are eligible basically depends on the choices of the individuals.
So as you can see it happened in our country Nigeria which the government proposed and banned crypto transactions at the government levels but yet we as individuals are still operating transactions with bitcoin on p2p transactions which we can also exchange for fiat of our naira.
So if it was pronounced an illegal everyone caught on the act of associating with the bitcoins would be charged for law violation and would be penalized for it depending on the law of perpetrators.
That wouldn't really matter If you manipulated to exchange for the or anonymously p2p. The law would specially state that whoever that's caught associating with the bitcoin While in the country has violated the law.

So Op, you just have to get it right that there are countries that the governments doesn't support unlimited ness of bitcoin but yet it doesn't mean that it's an illegal operation.
These basically means that it's not a legal tender because the banks won't accept it for deposit, withdrawal, buying and selling.
It all lyes between a person to persons transaction then optionally you can digitally exchange for fiat through an exchange platform

While I would leave to with an amazement, it's fortunate to let you know that El Salvador is a country that generously accepts bitcoin as a legal tender which has served a world record to such great height of national adoptions of the bitcoin digital technology.
https://insights.som.yale.edu/insights/el-salvador-adopted-bitcoin-as-an-official-currency-salvadorans-mostly-shrugged#:~:text=El%20Salvador%20took%20a%20different,Bitcoin%20as%20a%20legal%20tender

After much, it's believed that only countries that it's federal accepts transactions unlimitedly are deemed to require taxes because they pays their taxes through bitcoin too so sensibly no country that would pronounce bitcoin an illegal currency would demand for taxes for taxes of illegal operations and illegal inventories.
So I hope that you Op isn't misunderstanding Taxes and Charges for penalties.
.

The huge amount of supplies may not really be the problem but the potentials to the coin and the rate of demands including reliability that the coin doesn't become a ghost just as has emphasized.
Probably you can different between bitcoin and  those of your dogs and cats coins to your inlaw because he may have been wrongly influenced by the speculations and hyping of those shitcoins while his intentions could be of settling in the bitcoin.

Let me tell us all, most beginners who feel victim to had invested and lost their funds on investing in the AltCoins are sometimes redirected from their intended directions.
Some may have wanted to invest on bitcoin but due to their inexperiences and low knowledges, they gets converted to invest on the AltCoins just because there was no guidance and they lacks reliable source of research and consultations as the case maybe.

He's just a studious and psychological empathetic politician who knows the logics of ridiculing his oppositions to emerge his political goal successfully. He's a wise man dancing to the tunes of the masses by so doing 😃.
Indeed and interestingly, he's penetrating the mind of the people. We should've already known the phenomenon of bitcoin around the globe and the rate of bitcoin interests and adoptions in the United States has become influential to infinity.

I grab your points. Directly and indirectly the Op seems to be test-running the ability of the forum memebers towards what they think to be acknowledged as a beginner being investing. That's likely to say that the OP either already knows the answer but not creative enough to put it in an arguable manner.
 But While having the Op the benefit of doubts, I'd assume he/she is a newbie in the forum but doesn't know about the concept of how to the forum works and doesn't know how to construct words with the submissions that proves he/she is unknowledge but willing to acquire bitcoin or related Crypto knowledges before Investing its fund.

That's a dream not seeing to come through yet and can't even be a hopeful because we don't have the security infrastructures to assure the Bitcoin Automated Teller Machine.
Let's just keep aside how our government has not been encouraging to bitcoin the the other Crypto coins to excel not just to distabilize the success of the crypto exchange platforms as much as frustrating the masses with the digital invent. So let's consider the factor that our fiats ATMs are being invaded, banks being facing robberies and how citizens are being attacked along familiar and strange places forcing us to pay ransome by asking us to transfer our funds in the bank to them.

Let's assume the visual impact of seeing someone leaving the bank of the fiats ATMS, I guess we'd all believe it was all for the reasons of financial transactions, huh? That's just how risky the Bitcoin ATM will put us to dangers as far as there's no adequate security measures in our here societies.
Even the fiats robbery attacks could be likely to be tolerated than being robbed of your bitcoin which comprises of your savings and same time as your assets while your money in the bank could only be your savings that doesn't serve as assets.
So that means more lost would be counted in bitcoin that the fiats at such scenario.
So, Op, the level of how much we're rated over bitcoin and Crypto adoptions isn't up to that level yet if we don't contradict the fact that our government is not helping matters relatively with the crypto industries.

USA is the current long holding superpower and they're significantly thriving to penetrate the globe with the economy structures to hold all corners captive through innovations and technologies including building stronger geopolitical and security facilities surging to their major exploits of Influencing the World today.
I'm not against the dollar but the USA should be diligent and optimistic that other geographical regions are tasty and striving earnestly to takeover the USA position.
Bitcoin isn't a centralized technology and I also hope you don't need to tell me that Satoshi Nakamoto who's tge founder of bitcoin is not an American after much you've listed all those American individuals with the perspectives of influencing the world economy today.

Do not discriminate or underrate the potentials of what's being thought in the schools. It doesn't matter if the knowledge of the days at schools is being recycled.
Op, you must understand that there's a great height of importance about recalling histories that people of the next generations are deemed to be aware about. Yes no all past events are worth trashing just because there's a trending even.
The above of financial policies of management, economy and investments aren't limited of being thought in the schools and it's not affordable to about them for other trending reasons.

Bitcoin as a core field of studies in the school is a good idea but right in the currently World of today where the government who oversees the academies in both private and government institutions wouldn't let that come through when they already find bitcoin as a core Crypto currency of being a threat to their self interest in the global economy attributes due the fact that it's a non custodian financial system.
I don't see that accreditation happening soon with the current generational governments. Maybe that'd happen if the next generations would have that positive impacts to respect personal opinions and embracing Privacies unlike the current generation does.

Mate, make e no weak you. Just as said, the truth is usually bitter to those who hates the truth. During a political manifesto, the best question for the public to ask any aspiring politician is " What's unique you think you can do for the masses that other past politicians had not done"?. So there you'll hear promises that I'll convey you all with my private jet to heaven on the day of rapture, your unborn children will be my next of kin, I'll share my hard earn salaries among all of you.
Obviously those are impossible and not just a lie.
That's how the AltCoins behaves too like the Ponzi schemes with their sugarcoated words to invest $5 and get $1,000 in the next 5 hours, we're registered and operating under government license so you don't have to be afraid.

It's just all about hyping and making unreliable promises just to win the peoples mind for self interest portraying to be events to rescue the people from poverty.
Infact, the government own the AltCoins and no wonder they're fighting against bitcoin in disguise that they're fighting against cryptocurrencies.

I've been on research with the Render Coin and couldn't get convince able result to assume it's worth investing on. It seems to be a native token that has not been widely recognized. Not even on the exchange sites could it be listed.
Op, only promising coins with potentials to meet your goals is worth investing with the DCAs and personally by myself, I don't find the coin worth it. Make your research and shoot according to your conscience.