Naija Novice Hangout {Newbies introduction & Orientation} Thread.

[CryptopreneurBrainboss]

E naira no work abeg

E get anything wey dey work for Nigeria? If you know say you dey involved in cryptocurrency like all of us here, the best thing to do na avoid eNaira. As u talk e dey very easy and even more dangerous than the banks. With the banking system every body need dey involved for any decisions to stand but this na just code wey dem fit dey their room manipulate.

Assuming e dey like Bitcoin (decentralized) dat wey we for dey get second thought but based on how e be now na just avoiding something be dat. With time as dem see say Nigerians no get interest dem go abandon am. E no dey hard our leaders to abandon project.

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[Charles-Tim]

Government can wake up one day and edit the code of wallets that they suspect and boom every money there won't be usable!

In short, the government get the full control while citizen no get full control, na still just naira as stated in the FAQ on the official eNaira page.

If you wan have full control over your coins, then you go need to make use of bitcoin. Know that not all the so called decentralized currencies can give full control, just like USDT.

[UPDATED] PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

With time as dem see say Nigerians no get interest dem go abandon am. E no dey hard our leaders to abandon project.

People go always be people, people that will say they have been holding on centralized exchanges for long period of time and nothing don happen to their coin, that the centralized exchange is good for holding. Most people no have the knowledge of the cons of some services.

You can check Google playstore, eNaira download was 5000+ when I check ham the the day it was launched, it increased to 10000+ the following day, now at 50000+ download.

I no see it different from bank, it will come with transaction charges. Kuda Microfinance Bank still give 25 free transactions without charge monthly (maybe this go change later). I dey surprise say Kuda was not among the banks that can be used to register on eNaira wallet.

Nigerians will likely adopt eNaira, the best we fit do na to just let people know how to avoid scam related to it and always letting people know how bitcoin is the complete decentralized currencies just as you commented.

[CryptopreneurBrainboss]

Nigerians will likely adopt eNaira, the best we fit do na to just let people know how to avoid scam related to it and always letting people know how bitcoin is the complete decentralized currencies just as you commented.

Yes very true, here we no care about anything. Nobody wen dey educated on things wey go benefit them atleast not majority. Here everybody just dey face their hustle and out food for table. Government tell them to use eNaira well sure dem go use am provided say dem fit get their salary.

Here we they tired to the government. What if they replaced banks totally with eNaira wetin dey to do again? We all go just complie use am because without am we no go dey see food buy chop.

Kuda and government no dey role so I understand if they no link them up with their lastest stun. Government fit get bigger plans wey kuda go spoil as dey different from other banks. Sha make we just dey watch.

[Davidvictorson]

Nigerians will likely adopt eNaira, the best we fit do na to just let people know how to avoid scam related to it and always letting people know how bitcoin is the complete decentralized currencies just as you commented.

Yes very true, here we no care about anything. Nobody wen dey educated on things wey go benefit them atleast not majority. Here everybody just dey face their hustle and out food for table. Government tell them to use eNaira well sure dem go use am provided say dem fit get their salary.

Here we they tired to the government. What if they replaced banks totally with eNaira wetin dey to do again? We all go just complie use am because without am we no go dey see food buy chop.

Kuda and government no dey role so I understand if they no link them up with their lastest stun. Government fit get bigger plans wey kuda go spoil as dey different from other banks. Sha make we just dey watch.

Oboy, my biggest fear like this na all those scammers wey go arrange new style to take collect people money from their ewallet. As we know customer service no go fit do anything. Another fear wey I get, na sustainability. You know say no be about to launching, na maintenance. FG fit sustain this thing so? I no wan hear say them no pay the foreign company wey dey manage am because na so them do with our International passport wey make people miss alot of plenty opportunities.

How many persons still do their regularly checkups these days? It's crazy how many have prioritise other needs but their health and it is understandably so because they feel strong physically. Sometimes, physical appearance might be opposite of what is going on inside the body. So, it is advisable to go for checkups regularly. Check your vital organs. Stay alive for yourself and those who love you because at the end of the day, you can only make and sustain wealth whilst you are alive and healthy.

For Naija our health mantra be say "e no go fit happen to me " But on a serious note,anything wey concern health for naija dey chop better money. Where the money dey sef?  To even see doctor sef na wahala. We no even get proper insurance wey poor people fit benefit from as big big insurance like NHIS na mostly for civil servants. The best thing like this na to dey chop healthy food(fruits and plenty vegetable), reduce alcohol, dey try do small small exercise, sleep well well  and comot hand for anything wey go give you headache.

[moderator's note: consecutive posts merged]

[royalfestus]

Oboy, my biggest fear like this na all those scammers wey go arrange new style to take collect people money from their ewallet. As we know customer service no go fit do anything. Another fear wey I get, na sustainability. You know say no be about to launching, na maintenance. FG fit sustain this thing so? I no wan hear say them no pay the foreign company wey dey manage am because na so them do with our International passport wey make people miss alot of plenty opportunities.

I wish we can educate ourself well on this enaira. This is the government that was against cryptocurrency, bullied the youth and stop twitter (The very cryptocurrency social platform). If we dont do P2P we cant spend our money on most of the exchanges and many cryptocurrency platform closed down within the country in the last 24 months. They saw the big money in it and want to have their share, no regulation and no public information. The Government does not care about us but themselves and trading with enaira could be dangerous in the long term.

[Cookdata]

Edited

Moved to B&H >> [HERE]

[Rruchi man]

New gist on top the enaira matter, I read for news say the app get low rating for google playstore, say e dey hard to find, abi e nor dey the playstore again.

https://punchng.com/after-48hrs-enaira-app-removed-from-google-store-amid-criticism/

Also CBN dun yan say,

With this kind talk wey CBN dun talk, shey this one mean say dey themselves nor too believe the efficiency of this their enaira. If them they talk say dem nor dey liable, who we go hold?

[Cookdata]

^^

I checked and it looks like they restored back the App, it's still available but may be during that time it was actually removed.



Enaira na failure, see the number of downloads, the rating self dy discouraging. There is nothing to review about the App as many could not register on the App.
This country na pure cruise and this looting dy reach every ministry, God save us.

[Charles-Tim]

New gist on top the enaira matter, I read for news say the app get low rating for google playstore, say e dey hard to find, abi e nor dey the playstore again.

Not on playstore again when I checked recently.

Reasons that could have led to the bad review:
Some people do not have access to the email connected to their BVN and registration will not be successful as they have to verify
Most important reason: You will have to go to bank to fund your eNaira speed wallet - Nothing like easy means to transfer from bank to eNaira wallet, you can not transfer from your bank account to the eNaira wallet on the app.

With this kind talk wey CBN dun talk, shey this one mean say dey themselves nor too believe the efficiency of this their enaira. If them they talk say dem nor dey liable, who we go hold?

Wonders shall never end, not decentralized and the centralized body says no liability. But I think it is just about sending eNaira to the wrong peron, but CBN needs to expatiate on this. Do you have the original CBN speech about this?


On the app, for support, you will have to contact your bank, that means possibly it is still just like the traditional banking as the commercial banks are still involved.

[Marykeller]

^^

I checked and it looks like they restored back the App, it's still available but may be during that time it was actually removed.



Enaira na failure, see the number of downloads, the rating self dy discouraging. There is nothing to review about the App as many could not register on the App.
This country na pure cruise and this looting dy reach every ministry, God save us.

Na pure cruise seriously. When I be see the news for punch newspaper about the CBN's eNaira app been removed from play store after negative reviews, and poor rating. I begin laugh seriously. I trust my country Naija. We Nigerians don't take rubbish when the government or someone f up big time. We go drag you with whatever stood for

[Charles-Tim]

ENaira speed wallet back on playstore (updated version):

https://play.google.com/store/apps/details?id=ng.gov.cbn.speed.wallet.temp

[Cookdata]

Na pure cruise seriously. When I be see the news for punch newspaper about the CBN's eNaira app been removed from play store after negative reviews, and poor rating. I begin laugh seriously. I trust my country Naija. We Nigerians don't take rubbish when the government or someone f up big time. We go drag you with whatever stood for

I will only download that App when they start referrals, like 1k per invite will not be bad.

[Igebotz]

ENaira speed wallet back on playstore (updated version):

https://play.google.com/store/apps/details?id=ng.gov.cbn.speed.wallet.temp

Just a wondering why the app was taken down by google in the first place was the app reported as scam project or was there a bug in the system, I know the negative reviews were low. I've tried to signup for several days now but after I see say you must deposit from bank to the e-naira I lost interest. To buy with credits card for make sense pass

I will only download that App when they start referrals, like 1k per invite will not be bad.

Guy this is a national project, they are not running. Ponzi scheme na abi banks dey pay 1k for referrals?

[Charles-Tim]

Just a wondering why the app was taken down by google in the first place was the app reported as scam project or was there a bug in the system

Definitely new apps like that will be buggy. I too did not know why the app was removed from playstore, but the low rating is quite much.

I know the negative reviews were low.

Quite high

I've tried to signup for several days now but after I see say you must deposit from bank to the e-naira I lost interest. To buy with credits card for make sense pass

Nothing special about it that traditional banks do not have in digital form, and we are still dealing with traditional banks.

Not necessary, you can decide to have the eNaira speed wallet and accept eNaira payment only. But we should not think banks are excluded like I commented above. We should not be deceived, eNaira is fiat naira, operated by the traditional banks.


I am still wondering if anyone using Kuda with 25 monthly free transactions (25 monthly transactions, no fee) can leave it for eNaira with low fee. Both are centralized, then what is eNaira offering that is special.

[BIT-BENDER]

I am still wondering if anyone using Kuda with 25 monthly free transactions (25 monthly transactions, no fee) can leave it for eNaira with low fee. Both are centralized, then what is eNaira offering that is special.

And the nigerian government abi na the central bank of Nigeria, them they normally warn people for wetin concern Kuda mata, and although the continuous robbery wey bank users dey see from their banks via the money them they collect for transferring and receiving money, they cause people to use kuda, even if na and only online bank. But this E-naira na the government something, na them get am and it can only end if them close am, even if they go get similarities between kuda and the E-naira, I no think the government go feel.comcerned.

[KarpovE4]

Many of you will recognise this crypto as Tatcoin and the owner Gaius Chibueze aka bitcoin Chief. He has made a name for himself in the Nigerian crypto space. I follow him on instagram and Facebook and I am a fan of his success. His trades are 95% accurate and is recognize as a top notch trader. It was no surprise when he launched his own cryptocurrency Tatcoin in 2019 making it the first ever Nigerian cryptocurrency. We were all excited about the development and bought the coins. AbitTrader was the application for storing the coins. The promises made on the white paper have not been fulfilled. I think they lied about the utilities of the coin. It has no viable use cases.
Today I saw this on instagram and I am dumbfounded. It seems Bitcoin chief played on our sentiments and want for a digital currency for Nigerians made by Nigerians and pulled a fast one. He has unfollowed everyone on his page and deleted all his posts. It looks like he is wiping his slate clean. What do you think? Did you buy Tatcoin and are you still going to hold after this drama? 

[Charles-Tim]

And the nigerian government abi na the central bank of Nigeria, them they normally warn people for wetin concern Kuda mata

I have never noticed such warning before, but if CBN dey warn Nigerians about Kuda, then why did CBN gave the company (Kuda) license. I am not bothered about Kuda, I have my money in bitcoin, but Kuda for just spending.

What do you think? Did you buy Tatcoin and are you still going to hold after this drama? 

I remembered when I was checking the budget for US movies back  in 2016, that was the time I realized almost or more than half of the budget go into marketing, I was not surprised when I found that also in crypto. But Nigerians will think good but have low budget for marketing.

Even after the whole bull market since fourth quarter of 2020, Tatcoin was at $0.02323 but now $0.003426. The coin has been falling since July 1st of this year from $0.05627 down to $0.003426.

Investment is not about a coin created by our citizen, it is about the white paper, the make up of the coin and how the coin is marked on social media and forums.

Another are Nigerian crypto critics.

Another are substandard products and services in Nigeria that have already given other people the kind of thinking that nothing good of quality can come out of the country.

[KarpovE4]

It is a disappointment that Tatcoin failed to be the proposed Africa's cryptocurrency. I was happy that such technology was coming from us the giants of Africa. I didn't know it wouldn't last

[BIT-BENDER]

It is a disappointment that Tatcoin failed to be the proposed Africa's cryptocurrency. I was happy that such technology was coming from us the giants of Africa. I didn't know it wouldn't last

TATCOIN was supposed to be great, the thing came from a man I cut cap for Gaius Chibueze popular on social media as Bitcoin Chief, I think this man na amongst the first people wey see the light for Bitcoin, and he really put body into it, I don read many of him books and watched some of the seminar and lectures wey him yarn for some from big schools in the US this shows how intelligent the man be, but make I dey honest he wasn't ready to start a crypto-currency of his own, like I think him been want capitalize on african crypto-currency, and it was more about money than be sey him put passion inside am.

[KarpovE4]

It is a disappointment that Tatcoin failed to be the proposed Africa's cryptocurrency. I was happy that such technology was coming from us the giants of Africa. I didn't know it wouldn't last

TATCOIN was supposed to be great, the thing came from a man I cut cap for Gaius Chibueze popular on social media as Bitcoin Chief, I think this man na amongst the first people wey see the light for Bitcoin, and he really put body into it, I don read many of him books and watched some of the seminar and lectures wey him yarn for some from big schools in the US this shows how intelligent the man be, but make I dey honest he wasn't ready to start a crypto-currency of his own, like I think him been want capitalize on african crypto-currency, and it was more about money than be sey him put passion inside am.

Yes na, bitcoin Chief na person wey him name sound well for bitcoin levels for country. I dey follow up bumper to bumper, e get the time I chat am for crypto trading classes. He charge me $1000 for 2 weeks class. As money nor dey I kuku rest. Bitcoin Chief na one of my motivation I nor expect say e go turn out like this. Las las trading different from managing cryptocurrency project. E still get others wey they come up after Tatcoin make we see how those ones go be in the future.