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1  Other / Beginners & Help / My first knowledge in Bitcoin/Bitcointalk on: September 24, 2023, 03:54:39 PM
I heard about bitcoin from my uncle and he has been talking about bitcoin since February 2022 and have been hearing how bitcoin pays and support youths. If invest in long term. And he also warned me that bitcoin is not get quick rich scheme and there are different ways one can get bitcoin. And the ones he told me were:
1) buy bitcoin and store it in the wallet for the next bull market   to come. And he told me to buy it in the bear market and invest it for a long term investment for like 3_5 years period, so I am planning to invest for the long term.
2) trading is the buying and selling of bitcoin in the market at all time or anytime which gives you profit if you can trade well. But trading is more risk than investment.
3) mining is the solving of mathematical problem through computing system when someone send bitcoin to a recipient, a miner must mine the coins in the blockchain before the recipient will receive the coin.
         Conclusion:
In my curiousity to know more about bitcoin, he told me to register in bitcointalk so I will learn and know more from there. So if I make any mistake in any of my writing, please correct me. I am open to correction.
2  Bitcoin / Bitcoin Discussion / Hate speech and it impacts on bitcoin on: September 22, 2023, 05:44:34 PM
Generally, however, hate speech is any form of expression that discriminates against minorities by abusive or threatening speech. Although some countries define hate speech as speech or act that promotes violence.

However everyone has the right to freedom of expression and opinion, although freedom of speech is limited for the promotion of peace because it causes harm and disunity. Hate speech can cause physical harm to its victims when violence is involved and can also cause disunity.

The (CERD) committee on the elimination of racial discrimination was the first to address hate speech and the need to build regulation, prohibiting and provocative types of language. This committee intervene and yet hate speech still continue in our society today.

Those who support (pro) bitcoin and those who are against bitcoin always have a clash in speech. Those who hate bitcoin see bitcoin as a scam and other crime scheme. So with their view on it they see bitcoin users as scapegoat, criminals and money laundering and some special advisers in the government see bitcoin from this perspective so they advised the government to ban bitcoin in their country. And this cause a social trauma between these two groups.
Upon all these bitcoin is still gaining ground in the ecosystem. Therefore, hate speech cannot do anything to bitcoin again.
Although we are free to say what we want but we should avoid expressing an idea that threatens or insults association (hate speech)
3  Local / Nigeria (Naija) / Inflation in Nigeria (there must be a way out) Bitcoin is also a way out on: September 21, 2023, 03:54:16 PM
In my own point of view concerning the inflation in Nigeria right now, we are also contributing in the cost of goods in the market. This means that the sellers are passing on the higher cost of bringing goods to the market. We should understand that Nigeria economy is very poor. Ways in reducing inflation in Nigeria:

1) Agriculture: agriculture sector can help in reducing inflation. If going back to plainting of crops such as cassava, yam, plaintain and raring of livestock. This will help in reducing inflation.
2) Expectations: we should stop expecting inflation, I over heard a lady saying next year hunger go dey oh, I was like what is wrong with this country, if people keep expecting inflation next year, firms will put up prices high and workers will demand higher incomes because nobody wants to be left out.
3) Employment: Nigerian government should focus on graduates with no jobs, promoting of jobs, and investment can help to reduce inflationary pressures. In a country that employes and creates jobs to youths and citizens whereas this look like pushing money out through salary payment, this will help in reducing inflation on the country.

4) Bitcoin adoption/acceptance: since Nigeria economy is very weak, therefore, accepting Bitcoin will sustain the economy to some extend. In fact Bitcoin will boost the economy in the country, it will even create employment and self reliance of the youth.
Accepting Bitcoin in the country will even help the government because the youth will create jobs by themselves without looking for the white coller jobs. And that means crime rate will reduce. Bitcoin will help the fiat currency to withstand with the oppressive dollar  
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