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Author Topic: Nigeria is now the No.2 bitcoin market on this fast-growing global marketplace  (Read 164 times)
palle11
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February 08, 2021, 01:55:31 PM
 #21


I don't think that any ban can create a serious obstacle, since you can just send bitcoin "abroad" and receive a wester union payment... Roll Eyes

The solutions are there and numerous. The ban is not going to have any effect on cryptocurrency nor the people's involvement. It will open more channels of use that will include p2p . The government will come back into their decision as China have been doing. The economy will have some shock because some exchanges and inflow coming through government windows like banks will seize to but while it take other means.
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February 08, 2021, 04:15:18 PM
 #22

Interestingly there was a new topic that said that Nigeria was trying to ban all bitcoin stuff in their nation. The way you can ban bitcoin as a whole is to ban the banks and places that work with it, because in the end bitcoin can't be banned since it is P2P so there is no way to "shut it down" hence they decide to just ban the business' that work with bitcoin.

I think that is quite important to realize because Nigeria becoming second fastest growing community and consequently getting banned is not a good news about bitcoin, we still have a lot of places to handle all this banning and so forth, we need to figure out how people would realize that this is not something bad and every nation in the world should not only accept it but also support it, that is the way the world should be going right now if you ask me, that way we could be at least certain about what the direction is, and help all nations as well.

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February 08, 2021, 05:14:49 PM
 #23

Nigeria could be a prime example of how society can elevate living standards, create jobs and alleviate poverty by embracing bitcoin. New innovations and inventions like bitcoin which create value to civilization have typically open new doors. Given people more options, freedom and opportunities in life. The logical response is to hop on the bandwagon and see the rising tide of innovation lift all ships.

I predict states like florida which adopt bitcoin and crypto will flourish and prosper over the next few years. While nations and states that oppose bitcoin support will register a net opposite effect. But it is not a guaranteed prediction. Undoubtedly special interests could retaliate against florida and others the way they've tried to punish england for #brexit. And tried to crackdown upon other populist movements around the globe.
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February 08, 2021, 05:15:15 PM
 #24

Good to see few African and Asian countries on the list. When it comes to technology associated growth, it'll be always the western countries. Now it looks like an even spreading and in terms of adoption one has gone high over the other. African countries mostly prefer bitcoin and other cryptocurrencies on business needs rather than other forms of investments. Nigeria being the highly corrupt nation is much need of freedom and that seems the major reason why Nigeria stands second on the list.

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