Still, I can't understand what the monetary policy of the Nigerian government in the field of non-cash payments actually has to do with the restriction on the issuance of cash to the fact that citizens will start using bitcoin en masse.
It's always the difference in how people see some news.
Some analyze what is happening, some are predicting what's going to happen and some are wishing something to happen because of this.
The Bitcoin adoption triggered by this mess is in the 3rd category and with small chances of changing to the second, as it lacks a lot of things.
Unfortunately, it's obvious is not happening right now, if any kind of migration would have happened since January from cash to
BTC it would have been easily seen in the blockchain, there is no pick-up in transactions pace and the only increases happened exactly when the price was going up.
We have 200 000 000 people, assuming only half are getting some kind of payment and assuming again only 1 in a thousand would use
BTC instead of $ you would still have 100k extra transactions in the chain or a lot of increase in LN funding, that ain't happening either.
Way to early to claim victory over traditional systems, when people area already familiar with digital payments the plan can be ste in motion but with them craving that much for cash I doubt they would want to embrace anything that is digital, be it CC or
BTCIt could have saved me, unless the person doesn't trust Bitcoin transactions. If I see a transaction being sent out successfully and it's waiting for confirmation, I can easily let go of the sender because I'm 80% certain that the transaction will reach my wallet.
Pure curiosity, why 80% and why not 90% or 70%?
Also, if my clients would come each with a 80% chance of paying me I would probably close shop and think of a different career.