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21  Economy / Economics / Is Bitcoin the next big thing? on: December 16, 2017, 08:40:34 AM
For those who argue that Bitcoin and other cryptocurrencies are the next big things, buying and investing in Bitcoin might just pay off. Bitcoin might excel if currencies like the dollar et al trips under a hyperinflation scenario but that for now is not visibly an option that is available, thus, another fundamental question is wether Bitcoin can replace normal currencies and that again is not feasible in the nearest future. Why then should people invest in or buy a currency that can rise or fall by 20 percent in an hour or two?
22  Economy / Economics / Re: Bitcoin Will Change Everything on: December 16, 2017, 05:38:49 AM
Bitcoin and cryptocurrencies is now the new trend. Contrary to the existing financial system that is replet with lots of barriers, Bitcoin operates a decentralised system that lowers barriers to entry for those that are excluded. Bitcoin has a lot of potential advantages and is now positively impacting individuals and organisations. It has liberated the financial system from the shackles of the old order and has open a floodgates of opportunity.
Cryptocurrency is here to stay and it is the future.
23  Economy / Economics / Re: Will there ever be a Bitcoin Bank on: December 14, 2017, 09:22:31 PM
Contemplating a Bitcoin ban to me is a travesty to the whole idea of cryptocurrency. With Bitcoin, banks are not really needed because Bitcoin offers something entirely different from what is obtainable with cash. It operates via a decentralised system, bringing in the idea of Bitcoin bank will lead to regulations that would affect and defeat the very purpose of the cryptocurrency
24  Economy / Economics / Re: Do You Think Bitcoin Will Replace Dollar Soon? on: December 14, 2017, 02:38:28 PM
As much as this sounds promising, there is a need to anticipate this with cautious optimism. Before we can talk about Bitcoin replacing the dollar we need to look critically at the structure around the cryptocurrency.

There is a need to build a serious structure around it first with a framework that will guarantee general acceptance. At the risk of sounding pessimistic, I believe that fifteen years is not feasible. More needs to be done in raising awareness on Bitcoin
25  Other / Politics & Society / Re: The problem with atheism. on: December 14, 2017, 10:36:28 AM
Atheism is characterised by a whole lot of contradictions. It is largely not in sync with the real world. Atheists say they don't believe in morality and moral laws and generally feel that it doesn't exist but yet my experience with some of them shows that they are appalled by what they see in the world and try to define some things they see in the world as cruel.

It is very easy to say that there is no God but very difficult to live consistently within the resulting moral framework.

If we say there is no God because there is no evidential proof that he exists, what proof do we have that God doesn't exist? None perhaps but atheists still have faith that god doesn't. #problematic

26  Other / Politics & Society / Re: Is every country really corrupt? on: December 06, 2017, 07:32:03 AM
There is no country in the world that has no corruption in their system. Most countries have tried so hard to minimise their level of corruption while others have taken it to the level of impunity. The global corruption perception index on a yearly basis rates countries as against some key criteria. Most countries, particularly the Scandinavian have done a lot to reduce corruption through good governance.

However, in Africa, corruption is still very rife and my country Nigeria is trying hard to fight the menace to no avail.
27  Economy / Economics / Re: Government & Bitcoin on: December 06, 2017, 07:03:56 AM
Well, a smart government will beginning to think about how to creatively tap into the Bitcoin potential than seek to totally shut it down. Cryptocurrencies given its rising prominence is now the future and governments must tap into this. This is a phenomenon that creates jobs and government likes the smell of that, or do they?

The argument that Bitcoin is used for illicit financial transactions and crime is stale news. Is the USD not used for crime and the likes? 

Governments where not looking at the big picture and it is now hitting them with a splash
28  Economy / Economics / Re: What's the reason behind this mass price rise? on: December 05, 2017, 05:30:10 PM
It is pertinent to note that the sudden rise in the price of bitcoin is not unexpected as it has been predicted by industry players who understand the dynamics. The rising prominence of Bitcoin can jsut simply be referred to or attributed to a paradigm shift in the financial millIue. Bitcoin is a currency that is depended on technology and technology is now dictating the pace and changing the course of the business world

It is very key to also note that the decentralised nature of Bitcoin that makes it devoid of any regulation is another reason why it is disrupting the status quo. Without regulation it still remains a peer to peer currency that is not monitored and can float anywhere the wind leads.

A Lot of countries are beginning to show interest in the cryptocurrency and many individuals across the world are becoming more aware and the level of investment in Bitcoin at the moment is also a contributing factor.
29  Economy / Economics / Re: Do You Think Bitcoin Will Replace Dollar Soon? on: November 27, 2017, 03:21:24 PM
That is a very optimistic position, but I believe that a lot more needs to be done before we can begin to debate whether or Bitcoin can replace Dollars in the next fifteen years. The issue of Bitcoin replacing the USD should not even be contemplated because Bitcoin at the moment lacks the structure, general acceptability and even the framework to make that happen. It is good to be optimistic as a Bitcoin enthusiast but this prediction is not the one you can do with certainties.

There has been a lot of prediction against the dollar but it has held firm.
30  Economy / Economics / Re: Is bitcoin dead? on: November 24, 2017, 07:57:21 AM
I humbly disagree with your assumptions and conclusions. Though, it is a fact that Bitcoin price has plunged in recent months, but it is however pertinent to note that just like every other economic or financial phenomenon, bitcoin is also experiencing it's lows and problems which in my view will not last.

I can agree slightly that the unregulated nature of the currency makes it herculean to predict if it would continue to remain relevant or if the price will continue to fall, but I can assure you that it is not a fad and you cannot just write Bitcoin off with a wave of the hand or an argument devoid of evidential base.

I dare say that Bitcoin and cryptocurrency generally is the future. There has been rising and falling trends and those are normal. I want to assure that from observable phenomenon, the price of Bitcoin will continue to rise and the party is not about to crash Grin the party is just starting and Bitcoin is definitely not dead. It can only get better
31  Economy / Services / Re: [BOUNTY][ICO][Signature] 🔥💥 Angel Token ICO 🔥💥 up to $150/week in BTC on: November 23, 2017, 08:59:54 PM
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32  Economy / Economics / where does Africa stand in the cryptocurrency revolution? on: November 23, 2017, 11:36:18 AM
Cryptocurrencies are gradually rising in prominence in Africa. It's being discovered with lots of Africans now becoming merchants. South Africa, Kenya, nigeria, Ghana, Zimbabwe etc have all keyed into the Bitcoin revolution. The fundamental question however, is, does cryptocurrencies have the power to haul africa on par with the rest of the developed world?
33  Economy / Economics / Re: how can bitcoin help the community? on: November 23, 2017, 06:07:44 AM
Bitcoin is already gaining acceptance in third world countries like nigeria, Zimbabwe, south Africa etc. Though it remains quite volatile in the short term, but from observable phenomenon, the long term trend is quite impressive and a lot more communities across the world are warming up to it. We can see the positive trail as big state actors are beginning to show green light towards legalising the cryptocurrency, from Japan to Russia and even Australia to mention but a few. It is clear that Bitcoin in the nearest future will become much more easier to use and many communities across the world will tap into its benefits.
34  Economy / Economics / why should we give a damn about Bitcoin? on: November 22, 2017, 10:06:10 PM
Bitcoin is gaining more global acceptance daily as compared to other cryptocurrencies. With Bitcoin, we can be sure of greater liquidity and it has made international transactions and businesses easier relative to other currency. The level of anonymity Bitcoin gives is unparalleled and the ability to transact businesses with Bitcoin at a relatively lower fee is unequalled. What do you think is needed to guarantee more wider acceptance?
35  Other / Politics & Society / what is the fate of Zimbabwe after Mugabe's exit? on: November 22, 2017, 05:50:50 AM
The future of Zimbabwe is still bleak. Zimbabweans took to the streets to celebrate the resignation of Mugabe but a fundamental question is still lurking in the alley. Now that the tyrant is gone, what happens to the 'tyranny' because the former Vice president of the Zanu PF party will still be holding forte. Are we about to see a change in the political trajectory or a new era of the subtle continuation of tyranny? Shouldn't they have set in motion a process leading into an elections immediately?  Besides, I heard that the man to now be in charge is called a 'crocodile' will the crocodile mistake himself for a fish?
36  Economy / Economics / Re: BTC as a national currency? on: November 21, 2017, 04:32:14 AM
It is near impossible for any country of the world to make Bitcoin it's National currency. The reasons are not far fetched. Bitcoin has a generic characteristics that will make it a herculean task to domesticate as a National currency. Secondly, Bitcoin lacks regulation and there are no legal framework or monitoring structure around it hence, making it a bit vulnerable to uncertainties. National currencies are unique and symbolic to countries and are often categorised as National symbols. It will be difficult to do this with Bitcoin considering that it is a virtual currency.
37  Economy / Economics / Re: Bitcoin ATM on: November 19, 2017, 09:49:35 AM
In Nigeria, I don't think we are close to have a Bitcoin ATM yet because, the knowledge of bitcoin is still very minimal and the level of awareness is also low. Government will need to cash into the Bitcoin phenomenon to allow for innovations and trends that you are canvassing. On the whole, if bitcoin as a cryptocurrency is said to be a virtual currency, I really see no need for an ATM.
38  Economy / Economics / Re: What Is with The Negativity Around Bitcion...... on: November 19, 2017, 09:37:40 AM
Every new phenomenon comes under barrage of attacks and criticism before it would be accepted or rejected as the case may be. It all boils down to the level of information that was available sequel to the emergence of Bitcoin. It is a known fact that Bitcoin has been used on the dark web for a whole lot of illegal transactions from Drugs to money laundering. These are major dents on the cryptocurrency. However, I believe that with little regulation and a serious structure of monitoring, Bitcoin would be seen in a very good light
39  Other / Politics & Society / Why is terrorism linked to Islam? on: November 17, 2017, 10:42:01 AM
A Lot of concerns have been raised as to the relationship between Islam and radical extremism. Most extremist carry out their heinous act and claim that they are doing it in the name of 'Allah'. What is the real application of the concept of holy war and Jihad in Islam? Does jihad in the classical sense mean war? What is the true position of the holy Quran in all of these.
40  Other / Politics & Society / Zimbabwe's Dilemma: what next on: November 17, 2017, 09:11:13 AM
Zimbabwe as a country is currently at a crossroad, between the devil and the deep blue sea, not able to fathom which way is best. Few days after the military took over key state assets and institutions, keeping mugabe and his wife in custody, it is still unclear how the whole show will play out. There are already speculation of an interim government with no one really sure as to what shape it would take. What do you think will play out in Zimbabwe in the coming days?
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