Bitcoin fixes this

[Adams0001]

Na only inflation we fit use Bitcoin fight since Bitcoin na that asset wey dy appreciate in value overtime, so my brother, try reason wetin you wan talk before you dy talk, because Bitcoin no resemble our government, na just good governance we need, once that is settled we no go even dy get this kind conversation in the first place.

I totally agree with you because make we know take say Bitcoin get good future come dey carry every problem put say na Bitcoin go solve am na very big lie o and the inflation part naim be the most important part because if Bitcoin go reduce inflation e go help every other thing tou dey settle small small because na inflation be the major problem the world dey face now so if our system of governance dey very transparent I believe say all this other things wey OP mention go dey settled so make we just face reality and stop giving the impression that Bitcoin will solve everything for us because even if Bitcoin is to be adopted now some challenges go still appear wey go come be like say Bitcoin no dey enough again.

Bitcoin has helped many people change their features, however, in this country, we can't really focus on bitcoin alone we need to get other businesses that we need to be doing that will survive. our government is making things difficult for us in this country unlike other countries that use bitcoin as a means of exchange, so we should get something doing that benefits you first, and you are getting something out of it, before you try to start investing because will always complain about the economy of the the country things don't go well dew to the government we have now. so is even difficult for people to buy bitcoin now with this Situation we are facing, nothing bitcoin we do because you need to get enough money first, before you enjoy investing in bitcoin. so i don't think bitcoin can solve anything in this country and you say well. make we no take all issue put for bitcoin head say he go solve am. but don't say bitcoin don't have good future because many people done benefit well and change there future to good is just that we don't have better government that will bring job opportunity that will make the youth that know about bitcoin invest because without money you won't see the benefit of it.

[Yeesha]

"Bitcoin fixes this" is a common phrase that is thrown around all over when people are talking about inflation, income inequality, business etc.

However, in Nigeria with our plethora of problems which we already know and I do not want to go into it. Can we brainstorm what and what can bitcoin really fix in Nigeria?

Some of our problems as a country
- Inflation
- Currency Devaluation
- Unemployment
- Poverty
- Dependence on Oil
- Poor Infrastructure
- Corruption
- Debt Burden
- Insecurity
- Foreign Exchange Shortages
- Agricultural Challenges
- Limited Access to Finance
- High Cost of Doing Business
- Brain Drain
- Environmental Degradation


*Nor be get the image

Bitcoin can actually solve some of the problems mentioned above. It can fix some of the problems we are facing in our country if the government makes it legal tender. Because the problems are connected to each other and solving one will solve a lot of the problems. For instance inflation is the one of the biggest problems we are facing in Nigeria now, prices of commodities are increasing day by day and our currency has been devalued, spending 1000naira now serve as spending 5naira, the higher the prices of commodities the lower the value of the currency, a lot of graduates are unemployed and poverty is killing a lot of people, our societies has become insecure, illegal act such as terrorists, bandit, kidnapping, and corruption has been generalizing due to unemployment.

So if bitcoin can reduce inflation to disinflation then our currency will be valuable again, if the government makes bitcoin legal tender then a lot of people will invest in bitcoin, they will trade with it and also hold it. if everyone is taking part in it including the unemployed people and earning a lot or little profit from it then poverty will also reduced that nobody will think of involving themselves in unlawful acts like corruption, kidnapping and so on, and our societies will be more secure than it is now.

[Cryptomultiplier]

For us to think that Bitcoin can fix the problems of the nation is a lie from the pit of hell, but i beg to differ if we take a closer look:
*Rather than look at the macro economy of the nation, we should look at the micro economics of the individual and how Bitcoin earnings has helped their personal financial life.
* Rather than think that one must invest only in Bitcoin to get a good profit after some time, I think there are new innovations among the which offers freebies like airdrops and web3  tap to earn clicker games that one can earn from without any investment of personal funds.

One reason we survive well as Nigerians is the fact that many of us earn independently without much assistance from government or an office job that pays a steady salary.

The success of bitcoin so far, has helped many of us open our eyes to the possibility of getting wealth from the Internet and that is a problem that Bitcoin and the advent of cryptocurrency has assisted to make possible.

[Sonia_123]

"Bitcoin fixes this" is a common phrase that is thrown around all over when people are talking about inflation, income inequality, business etc.

However, in Nigeria with our plethora of problems which we already know and I do not want to go into it. Can we brainstorm what and what can bitcoin really fix in Nigeria?

Some of our problems as a country
- Inflation
- Currency Devaluation
- Unemployment
- Poverty
- Dependence on Oil
- Poor Infrastructure
- Corruption
- Debt Burden
- Insecurity
- Foreign Exchange Shortages
- Agricultural Challenges
- Limited Access to Finance
- High Cost of Doing Business
- Brain Drain
- Environmental Degradation


*Nor be get the image

If you believe that Bitcoin can do all of these you have mentioned,it will indirectly depending on how you go about it, it is the leadership of the country that will determine if he wants all this things to be done,then he works towards it.
Take El-salvador for example.

https://cryptonews.com/exclusives/has-el-salvadors-bitcoin-bet-been-a-success/

[promise444c5]

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Well , Bitcoin can't practically solve some of the problem listed  directly though it can be use as a means towards creating a better way to tackle some prob.. but it still doesn't guarantee a success  not in the aspect of bitcoin itself but in the aspect of using it as a means of what  it was intended for, adoption by the government will really go a long way truly but I don't think our government is willing to take all those step at the moment instead they are doing the opposite.
Thus at the moment, individual must take their step toward doing their stuffs all by themself if government doesn't really care, individuals can use the opportunity it provides to craft means of solving  those problems.