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Depending on the angle you are viewing it. Bitcoin is better because it has bridge the gap that existed in using traditional currencies in paying for services especially when you live abroad. However, to a lay man, bitcoin is not easy to understand and it require some sort of knowledge in order to understand how to use and store it. However, bitcoin is still not totally being accepted as a legal tender
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Apart from being operated base on different framework. CBN is tasked with providing policies and regulations of financial operation in a country so I do not think CBN can be killed by crypto but rather the CBN will continue to make policies that guide and protect financial establishment and always fight to come combat the dominance of crypto. This is what is happening in many countries today e.g. Nigeria
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Unless you want to be giving yourself unnecessary stress. There are many meaning to all of this and since you are not actually the one holding or making the transfer, you will continue guessing. As good as whale alert pages on twitter are, I have discover your expectation is not happening particularly when you are expecting a bull run due to some huge USDT being transferred or minted
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It is no secret that India is currently leading P2P among emerging markets or countries traded bitcoin in a restricted environment. Countries as India, Ghana, the Philippines, Argentina, Mexico and Egypt are all relying majorly on peer-to-peer, my thought therefore is that with the ban from open dealings and transactions from bitcoin in Nigerian banks , Nigeria may overtake the India record of leading the P2P emerging market in a year or two.
One reason to point to this is the Nigerian crypto population which showed in Nigeria position as number two in bitcoin market.
Because the Central Bank of Nigeria has banned banks from transacting or dealing with crypto exchanges, it leads them to go P2P. It’s still a good thing for the Nigerian community because P2P is still in play and they were not yet banned from doing that. They are not giving up in making a living with crypto. The Central Bank of Nigeria has failed in their attempt to dump Bitcoin because of their dumb move, and now it got even higher. Alot of Nigerian do look for a simple and easy way to trade bitcoin especially those that are new to the business. Regardless of any available p2p. The decision by the CBN has already scare people away and that has been considerably low interest in joining or buying crypto by the people. Especially when you know the consequences will be closing of your bank account without your permission since the CBN has granted banks the permission to do so in case there is a traceable evidence that you are dealing with crypto |
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It is strange to see them making use of services that have been due illegal. Probably they are also making sure they destroy evidence get tracked. It is just like you do not believe in a process but you are making use of the process. For you, it is right but for other it is not. This exactly the reason why many do not like a centralized system of governance. You are only right in your own way.
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You are talking based on assumption that everyone will be rich owing bitcoin and retire. This is not possible. Since the creation the owe system is rigged. We all live in a centralized world and this is the reason why we have both the rich and the poor. It is not possible for everyone to be rich just the way everyone can't get rich hodling bitcoin. And about productivity being reduced because people will stop working, I hope you know the world is moving and automation and robotics is the order of the day in many manufacturing company. The rate at which robots are replacing human work force is growing so productivity will not reduce
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To my best knowledge I think bitcointalk is the largest bitcoin forum on the internet today. Huge number of people are being redirected to this forum everyday not to talk of others that directly visit the platform. Bitcointalk is developed with a script that index some keywords which makes website mentioned on this platform have potential of being ranked high on Google. The major reason for signature campaign is for the project to be noticed and also for the website to be ranked higher. You can check this by picking a project that run signature campaign and run the website on analysis website. You will be surprise to see that most of the traffic source is from bitcointalk
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Is it not better if you state the pros and cons of buying such services at least to make the services you are trying to offer more transparent. Are the views organic or it is just a bot view? Will the views drop after some time, how long will it take before the drop start if you are using bot. Better to address this especially if it is suitable for YouTube monetization
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The same way you could have jump at any opportunity when you see it. Since the last quarter of last year, there has been increase in the rate at which bitcoin and altcoin are being discussed in the social media including newspaper etc. Anyone that just hear about the massive rise in value within a few month won't think twice to check what it is. Crypto adoption is growing fast and there is great chance that a lot of more prominent people will continue to make crypto a top priority. If elon musk can not do in a week without talking about it, what else do you expect
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##PROOF OF AUTHENTICATION##
Bitcointalk Username: Thesmallgod
Telegram Username : @thesmallgod
Campaign : Blog
Spreadsheet # : 520
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Well, if you do not know what Layer 2 is, you can read about it here https://academy.binance.com/en/glossary/layer-2With the current increase in gas fee especially on Ethereum network, I would have love to see the positive influence of such protocol on the entire blockchain. I have seen some project such as KINGSWAP prioritizing L2 but it is unclear if they will be able to achieve this because their previous statement regarding L2 implementation is futile |
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We who are into Bitcoin are a minority, we are early adopters of Bitcoin, Why cant everyone
see what we can see?
Knowledge is the key, if they took the time to do a little research they would realise, its too
easy to rely on mainstream media.
Bitcoin is very volatile
Bitcoin is used by criminals
Bitcoin is a Ponzi
Bitcoin will be banned
These statements are not used for traditional investment instruments so generally people
dont want to take chances particularly with something which is alien to them, they are
happy enough to go about their business, work hard and trust the traditional monetary system.
The best strategy to downgrade something is to praise the negative impact than the positive impact. From the small economics I studied in school, I understand fiat currencies have both advantage and disadvantage but the government will praise the advantage and covers up the disadvantage. So also what we are witnessing today about bitcoin even though some of this assertions are not even right e.g calling bitcoin a Ponzi scheme. bitcoin is volatile, yes but fiat also can create economy instability |
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