Naija Novice Hangout {Newbies introduction & Orientation} Thread.

[CryptopreneurBrainboss]

Boss me i no think say tins dey work like dat once it come for presidential race, quite alright tinubu out buhari, but for incubency now tinubu go drastically need buhari's  support because all him power na for lagos e take end o. come to talk of east, south south and north, wetin tinubu fit achieve all by himself?

All of una dey talk Buhari this, buhari that. If buhari get so much influence why e never address the crises for e party. Why person like am go dey and very strong division go dey the party. The man know say e weight no reach. Na who e go call to order na Tinubu? Who Buhari be before dem single handedly give am the power. We dey claim say federal power strong, e be like una forget say na sitting president wey APC cartel unseat oh and buhari no know shishi about that compass because money self w no be get. Dem just put am as face and e dun finish.

Peter Obi is also a strong contender for the presidential ticket, and personally he seems to be the best candidate to represent PDP,

He isn't the best you know why, if PDP carry obi as flag barrier dey dun lose the election be that. Make we comot all sentiment, Yoruba and Hausa never ready to give igbo man power. Dem fit give power to person from South/East , South South etc but you see that thing wey be say pure igbo man dey rule Nigerian. The Northerner no go ever try am and who controls the system for such to happen, the northerners.

[Wiwo]

He isn't the best you know why, if PDP carry obi as flag barrier dey dun lose the election be that. Make we comot all sentiment, Yoruba and Hausa never ready to give igbo man power. Dem fit give power to person from South/East , South South etc but you see that thing wey be say pure igbo man dey rule Nigerian. The Northerner no go ever try am and who controls the system for such to happen, the northerners.

Brainboss na big name I like the way you dey analyse politics and the fact say you get good informations/points to support your argument, first you talk about the Buhari influence for APC, in fact what most people use to win election since 2015 is the Buhari slogans but now e don clear for everybody eye say Buhari to.e don expire and him no too get power for the party na why I dey say APC no get good party structure.

[CryptopreneurBrainboss]

Na why I dey say APC no get good party structure.

APC is a failed project from the day of creation. Ask yourself how APC was form then you go get idea why the party no fit produce any good for the country. People only joined APC because they wanted power and no be because they wanted to have an impact on the life of the citizens of the country. APC as a party no get any roadmap wey dem dun create for the progress of the nation. Everything na make we try this one see how e go be something .

Wetin Buhari do for e administration. You set down for 8 years yet e no get any achievement wey you fit boost of. Even the feeding wey you carry campaign, you no fit keep to am. If any presidential candidate want increase e chances of winning even those dem go from APC dem gaz isolate themselves from buhari as the country hate that man and it's very obvious. Even people for APC no see better food chop, ask around.

[BIT-BENDER]

I don't know you guys stand on next year presidential election, but j would say what ever it is let us do the right thing, make we vote for credibility and not for cheap payment during the election, we Don see many guys wey don show interest for the presidential race mata, some of which are old while other very old, and right now our options of credibility dey slim.

This no be any form of endorsement, but if we dey go with capacity, ability, requirements I believe say Peter Obi get am full ground, so far out of those wey don show interest na him be one of this best, him dey well learned and he is one of the few former governors wey leave the governorship seat with zero debt.

[Maestro75]

I don't know you guys stand on next year presidential election, but j would say what ever it is let us do the right thing, make we vote for credibility and not for cheap payment during the election

Na the koko you talk so. Make we forget about all those old cargo politicians, na them keep this country this bad way weh e bi. Since 2015 till now wetin we don benefit from APC government. I no think say we go find any better thing to hold hand as benefit from Buhari and his gang. Na Peter Obi my vote fit go for, if at all. Others no fit prove anything make I believe or trust them.

[CryptopreneurBrainboss]

Na the koko you talk so. Make we forget about all those old cargo politicians, na them keep this country this bad way weh e bi. Since 2015 till now wetin we don benefit from APC government. I no think say we go find any better thing to hold hand as benefit from Buhari and his gang. Na Peter Obi my vote fit go for, if at all. Others no fit prove anything make I believe or trust them.

Everybody wants the youths but when them enter there na so do mumu dem dey be. You no dey see wetin Desmond idiot dey do for where e dey  The kind bills I hear say the man dey wan the house to pass ehhh. Everyday for twitter na so so drag drag dem dey drag Desmond to the extent e come get e own phrase as 'I blame Desmond Elliot'. What about the other young politician that was caught beating up a sales girl at a sex toy shop.

This guys wey we dey put forward as youth, first dem no dey represent us well and secondly, are they actually youths. Abeg what's the age to be classified as a youth because Adams Oshiomhole still dey call himself youth too oh. Make we dey very careful of our words make the politicians no use am play us.

[uchegod-21]

Peter Obi is also a strong contender for the presidential ticket, and personally he seems to be the best candidate to represent PDP, honestly isn't it time for the likes of Atiku to give us a break, what does he have left to offer. Nigerian politics is really appalling to say the very least, the most 'qualified' candidate never wins, it is always the most popular/corrupt that takes the day, i have a slight hope that the 2023 General Elections would be a whole lot different that what we have had in the past, Nigerians need to change the status quo, enough of being inure to sufferings, let the best/most qualified candidate be elected.

Obi is a very strong contender but we know how things work in Nigerian politics. Apart from say Atiku get corrupt records for this Nigeria, even at that Atiku remains the strongest contender for PDP. Honestly, if Atiku is genuinely interested, nobody in PDP can deny him the ticket.
Another permutation is that, if APC zones their ticket to South, PDP will capitalise on that and return their ticket to North in order to be able to battle APC.
PDP cannot give SE ticket, not at this time. Unless Obi will still agree Atiku/Obi ticket.

[Coyster]

Okay, with the elections many months away from now, i crave your indulgence to change the topic a little bit with a new discussion. It is no longer news that the 19th million Bitcoin was mined a few days ago, so i will like to know what our amiable community thinks about it in relation to what it entails for the Bitcoin network in general, in terms of growth, mass adoption, regulation, appreciation in price and other whatnots.

There are about 2 million Bitcoins left to be mined, well i know we won't all be alive to see the remaining two get mined, but i am looking at the nearest feature, let us say in the next 30-40 years, how do you envisage the growth of Bitcoin, we all know the network has a stipulated amount of coins (21 million) to be mined, thus as time goes on we would thrive on scarcity amidst supplus demand, which invariably would cause an appreciation in price, thus:

1)How high do you think Bitcoin can appreciate in price in the nearest future, let us say in the next 3 decades?
2)What is your take on mass adoption? When does it seem possible that the network would achieve/attain mass adoption?
3)Quite rightly Bitcoin is a good hedge to fiat devaluation, but it isn't still a 'safe haven asset' nor a store of value like gold, do you ever think the network would get to the point of being a 'safe haven asset'/store of value?
4)Bitcoin has experienced a sporadic growth in our great country Nigeria, and with cost of living skyrocketing in Nigeria as a result of inflation, do you think more Nigerians would adopt Bitcoin in the coming months/years?
5)Are you a believer in Bitcoins long term sustainability?

[RockBell]

Okay, with the elections many months away from now, i crave your indulgence to change the topic a little bit with a new discussion. It is no longer news that the 19th million Bitcoin was mined a few days ago, so i will like to know what our amiable community thinks about it in relation to what it entails for the Bitcoin network in general, in terms of growth, mass adoption, regulation, appreciation in price and other whatnots.

There are about 2 million Bitcoins left to be mined, well i know we won't all be alive to see the remaining two get mined, but i am looking at the nearest feature, let us say in the next 30-40 years, how do you envisage the growth of Bitcoin, we all know the network has a stipulated amount of coins (21 million) to be mined, thus as time goes on we would thrive on scarcity amidst supplus demand, which invariably would cause an appreciation in price, thus:

1)How high do you think Bitcoin can appreciate in price in the nearest future, let us say in the next 3 decades?
2)What is your take on mass adoption? When does it seem possible that the network would achieve/attain mass adoption?
3)Quite rightly Bitcoin is a good hedge to fiat devaluation, but it isn't still a 'safe haven asset' nor a store of value like gold, do you ever think the network would get to the point of being a 'safe haven asset'/store of value?
4)Bitcoin has experienced a sporadic growth in our great country Nigeria, and with cost of living skyrocketing in Nigeria as a result of inflation, do you think more Nigerians would adopt Bitcoin in the coming months/years?
5)Are you a believer in Bitcoins long term sustainability?

For the past few years now bitcoin have proven it starting from October 12 2009 when bitcoin price was just 5.02$ so for about 13 years now bitcoin have about 9,500X this have proven that in the nearest future bitcoin will go beyond the moon  and with time might replace fiat due to inflation and other factors , definitely am a believer of a bitcoin my children will definitely do crypto smiles invest now to make a fortune in the future.

[Coyster]

and with time might replace fiat due to inflation and other factors , definitely am a believer of a bitcoin my children will definitely do crypto smiles invest now to make a fortune in the future.

As far as i know and have studied, it is more or less impossible that Bitcoin would replcace Fiat currencies irrespective of fiat inflation/devaluation, fiat would still be the number one medium of exchange, and mind you that Bitcoin was not even created to oust fiat currencies, it works just fine as an alternative. No offense intended mate, but when you talk about making a fortune of Bitcoin, it somewhat sounds like having a sole aim of only wanting to getting rich via Bitcoin investment, and it is likewise contradictory to your earlier statement of Bitcoin replacing fiat (which is impossible imo), don't get me wrong, i am not saying it is bad, but isn't that the sort of mindset affecting Bitcoins growth as a currency/actual medium of exchange? I am a believer of Bitcoin being used exactly how the owner deems fit, but Bitcoin should also be appreciated as a currency, and not just an investment.

I would also like to know from the community: How many stores/shops/businesses, etc, have you seen/witnessed/experienced accepting payment in Bitcoin in Nigeria?

[Charles-Tim]

Bitcoin being used exactly how the owner deems fit, but Bitcoin should also be appreciated as a currency, and not just an investment.

What I noticed is that although bitcoin was also created to be a currency. Bitcoin is actually money, has an intrinsic value and can be used for p2p payment. While having it, some people use it for p2p payment, but most bitcoin users nowadays prefer it to be used for cross border payments (as it is common in Nigeria), but most importantly, people are using bitcoin for investment. This later reason is why most people are buying bitcoin because they know if they buy at this specific time, the price would have increased after some months or years.

I would also like to know from the community: How many stores/shops/businesses, etc, have you seen/witnessed/experienced accepting payment in Bitcoin in Nigeria?

I think the CBN ban would discourage many Nigerians. There should be some stores and other businesses that are accepting bitcoin in Nigeria. These were the two we have discussed about on this thread before:

Nigerian hotel becomes country’s first to accept Bitcoin payments
Inside Kano School That Accepts Cryptocurrency As Fees

There would definitely be many more, but some people would not disclose it to avoid CBN issue because as more people are using bitcoin in Nigeria, the more people would want to accept it for payment.

I am not recommending these sites because I have not used their service before: (DYOR)
https://www.nigeriabitcoincommunity.com/nigeria-bitcoin-stores/?amp=1

[CryptopreneurBrainboss]

1)How high do you think Bitcoin can appreciate in price in the nearest future, let us say in the next 3 decades?
4)Bitcoin has experienced a sporadic growth in our great country Nigeria, and with cost of living skyrocketing in Nigeria as a result of inflation, do you think more Nigerians would adopt Bitcoin in the coming months/years?

Very nice discussion you bring here and hopefully all man fit put mount to keep this discussion alive. Oil dun finish for my pocket if not I for dun pour you small as this post worth am. Make we dey see shall if I get something anytime soon I go remember this post. Now to put mount for this discussion;

1: Normally na only 2 million remain to mine now and I hear say e dey take around 10minutes to mine one. This one mean say bitcoin dun scarce be dat, everybody now go dey find way to hodl unto their coins unlike before wey na just trading most people dey do. This one go make Bitcoin increase wella for my own opinion. If we dey look 30years I go say $1M (yes one million dollars), first e go try achieve $100k den go dey struggle to keep that trading price then during the next bull cycle, we go see price above $100k.

4: Nothing dun happen yet compared to wetin dey come, if you ask me. Wait make real adoption enter wella first then you go see massive numbers from the country. E go take just one better government to pass crypto friendly law and all companies go rush come established themselves for Nigeria. Already  this companies dey find wey penetrate Nigerian market. Watch most exchange & well established cryptocurency get Nigerian ambassadors already. With high rank of graduates and less work, bitcoin and cryptocurrency in general go be home to many Nigeria youths.
Ps: I go answer others later make I no go post article.

[Maestro75]

naira is 590/$.

If naira like make she exchange for N1,500/$, na our gain self unto people weh deh make the cash in bitcoin. This APC government finish this country no be small thing o.

If we finally survive this 8years of bad leadership of Apc. Every Nigeria alive deserves a "Certificate of survival"

You be comedian. But na true you talk there. Every survivor of this Buhari government supposed get better certificate or medal for survival. No be small chaise at all. This country really use speed take enter reverse gear as Buhari take over from Goodluck Jonathan. We are back to 10 years ago.

[Anguwa]

Throwback to the real April fool them play us. Goodluck Jonathan time everybody had a say even the common man on the street felt his voice was important and heard. It was that belief that fueled the fuel subsidy protest, how much was added to fuel price that time, I can’t remember, the whole country was angry and marched for two days. Artistes like 2face, Femi Kuti came out to support the protest singing songs like it was a concert. Those were the underdog days for APC, I remember they made plenty promises thus the “change” slogan. Present day Nigeria, Petrol is N220 per liter, naira is 590/$. No protests have been made, we are silent, the activists who try to rise to the occasion is persecuted. Food for thought

Actually this current government really failed us, people were anticipating Change because of the economic situation that year, the main concern na the bum blast wey been they every part of the country. But things way we they carry our eye see for this Government na Hell, because almost all things wey they happen then don double, even prices triple and still the economy no they go well. I no even know one better thing wey this government don do for us, na so so killing, kidnapping, bandictry everywhere, our country is bleeding and the government no they even send us.
This is the time to wise up oo, this election na to chose who fit help us now.

[BIT-BENDER]

Guy I need you suggestions, with the next Bitcoin halving coming soon, what sector of crypto-currency is best to adopt right now,
I am looking the project on metaverse, they are looking attractive, but for how long would they last? I don't think they would be a thing in the next 4yrs this is just my thoughts, but I am seeking for a logical discussion on a project that could turn 1000X in future years to come. Let's share thought guys I always believe Crypto-currency is unpredictable and we all can make something out of it.

[Doan9269]

One Naira Can Be Equal One Dollar Says Sam Zuga

I was thrown into amazement when i red about Sam Zuga claiming that he can help our Naija #1 equals to $1 if we give am the opportunity, that's one, secondly he also talked about how he go help Naija settle the ogbonge loan we bin borrow wey dey awa neck, all the $97 billion in the space of just one year if we allow am with the use of him zugacoin.

I remember some few days back on how we bin dey talk about him mata and now wey i see anoda update as he go meet awa deputy CBN governor dey yarn the mata on top say na him zugacoin be our economy savior, dis one heavy me o and i cant stop laffin.

Wetin dey pain me pass na the amount of debt wey naija dey hold, dat kind of money too much and we no see any impact it has created but rather things kip getin  worse, na him be say if we no pay am awa children wey dey come go suffer the debt be dat. guyz shey zuga no go compound to the worsening of the economy or make we give am trial for the first time?

https://punchng.com/i-can-help-to-achieve-1-naira-to-1-dollar-through-digital-economy-sam-zuga-tells-cbn/?amp

[Charles-Tim]

Guy I need you suggestions, with the next Bitcoin halving coming soon,

Not soon, BTC.com just mined block 730366 not quite long, next halving would be at block height 840000. The next halving should be first quarter of 2024 if you take the difference and multiply it by 10 minutes average that new blocks are mined, relating it to months.

I was thrown into amazement when i red about Sam Zuga claiming that he can help our Naija #1 equals to $1

Is making ₦1 equals $1 the Nigeria problem? No. The CBN with the approval of the Nigerian government can make ₦1 equals $1, Nigeria government controls the naira price in a way to protect Nigerian foreign reserve. Anyone that proposes such to me I won't doubt it that he does not know what he is saying when I have not known how his proposal would have economic impact. Even $1 is not equals €1 or £1. It would have been better to say 'he will make the Nigerian economy better', what Buhari wanted but never happened, I do not know how Sam Zuga is special.

Let us see how he would be able to pay the federal government $97 billion foreign loan. He only wants Zugacoin to be known to Nigerians so they can adopt it and nothing more.

[Marykeller]

naira is 590/$.

If naira like make she exchange for N1,500/$, na our gain self unto people weh deh make the cash in bitcoin. This APC government finish this country no be small thing o.

If we finally survive this 8years of bad leadership of Apc. Every Nigeria alive deserves a "Certificate of survival"

You be comedian. But na true you talk there. Every survivor of this Buhari government supposed get better certificate or medal for survival. No be small chaise at all. This country really use speed take enter reverse gear as Buhari take over from Goodluck Jonathan. We are back to 10 years ago.

Dem sae "tough time never last" but Buhari regime came with power bank. Check out nah, our president is used as an example of a bad leader during lectures for University wey d for Scotland. Na to tell you sae, Nigeria don jagajaga be that. Is now clear to the world that Nigeria is a failed state. To make Nigeria great again go dey in the hands of God. The poverty rate of the country don increase wella since Buhari take over from Goodluck Jonathan. There is a big problem in the land, different calamities d happen daily. if this APC government no resolve in time, it's possible that there won't be any election by next year

[uchegod-21]

Okay, with the elections many months away from now, i crave your indulgence to change the topic a little bit with a new discussion. It is no longer news that the 19th million Bitcoin was mined a few days ago, so i will like to know what our amiable community thinks about it in relation to what it entails for the Bitcoin network in general, in terms of growth, mass adoption, regulation, appreciation in price and other whatnots.

I for like make them mine all the bitcoins even today make everybody rest. If this mining continue to dey go, news dem like Bitcoin dey consume plenty energy and other bla bla bla go continue. I want make all the lies end, I want people to understand say Bitcoin get problem too. If mining end, miners go now depend on transaction fee for incentives, by that time transaction go high wela, and e go clear everybody for eyes say Bitcoin get wahala by then.

[Charles-Tim]

1)How high do you think Bitcoin can appreciate in price in the nearest future, let us say in the next 3 decades?

Limited supply, fiat devaluation and adoption would make bitcoin continuing valuation possible.

2)What is your take on mass adoption? When does it seem possible that the network would achieve/attain mass adoption?

With that said above, people see bitcoin already as a means of investment, then the more the adoption.

3)Quite rightly Bitcoin is a good hedge to fiat devaluation, but it isn't still a 'safe haven asset' nor a store of value like gold, do you ever think the network would get to the point of being a 'safe haven asset'/store of value?

Bitcoin in long term is a hedge against inflation, a store of value, a safe haven. In short term, bitcoin is a speculative asset. Do not listen to what people are saying, you also know what is going on. You know what the take of a bitcoin critic can be about this.

4)Bitcoin has experienced a sporadic growth in our great country Nigeria, and with cost of living skyrocketing in Nigeria as a result of inflation, do you think more Nigerians would adopt Bitcoin in the coming months/years?

Nigerians have already adopted bitcoin, the adoption rate is growing. Devaluation of naira the more cause of this.

5)Are you a believer in Bitcoins long term sustainability?

Strong and transparent blockchain, decentralized bitcoin community should make this possible. Chainanalysis even see the transparent blockchain helpful, like the case of Bitfinex hacker that was later found and linked to his real identity, and many others.

I for like make them mine all the bitcoins even today make everybody rest. If this mining continue to dey go, news dem like Bitcoin dey consume plenty energy and other bla bla bla go continue. I want make all the lies end, I want people to understand say Bitcoin get problem too. If mining end, miners go now depend on transaction fee for incentives, by that time transaction go high wela, and e go clear everybody for eyes say Bitcoin get wahala by then.

Remaining 2 million bitcoin, 19 million has been mined, yet the mempool not congested and mining hashrate recently reach all-time-high. What makes you think the fee would be higher when all bitcoin are mined? Also, the last bitcoin to be mined will be in 2140, still over a century to come.

There will be no more mining reward, but the reward would be transaction fee, but transactions would still be included into a block by miners so the transaction can get confirmed. Which means if bitcoin is still using PoW, more electricity would still be used by miners. But what matters most is how the electricity is generated, most electricity miners are using are clean energy that produces no green house gases to the environment, miners are working towards clean energy is is what that matters if bitcoin can produce more energy than it is used for mining.