It’s clear that the Nigerian Government cannot stop Bitcoin

[UmerIdrees]

A country that is ravaged by inflation, unemployment and high cost of financial transactions and Bitcoin directly or indirectly assists most young Nigerians to minimize the impact of these challenges (this was before the drop in price of Bitcoin). The government should have known by now that Bitcoin has come to stay in Nigerian and they don’t need a soothsayer to inform them that it is time to give up and change their stance.    

This is true not only for the Nigerians but also for every developing country. There are many countries in Asia where the public wants to adopt bitcoin but the government never encourages them. One of the examples is my country Pakistan, where the government never allowed crypto to be used as a means of transaction and people are afraid to do bitcoin P2P transactions through banks because if caught can lead to legal actions. We can't keep the mining equipment and everything related to crypto is not encouraged in the country.

[2stout]

And the streak will continue.  The Nigerian government won't be the first or last to fail at attempting to stop bitcoin, need to take a page out of the book from the countries that have gotten on board.  I believe the floodgates will be busted open after the next bull run as you have a quite a few countries that want to see how things play out with El Salvador before jumping on the bandwagon.

[Poker Player]

Can you please describe how an asset that is losing value is helping somebody minimize the effects of inflation and unemployment cause it realizes puzzles me!
Oh and if you think that by trading on Paxum, it simply means you're making money by selling coins at a premium, so, basically you're taking money from somebody else who will have to deal with the loss until the market grows, which ain't happening right now.

I think he is simply repeating what the article says, which is paxful propaganda, rather than an objective description of the facts. It would make more sense that statement last year, when the price was going up and even a fool could make money.

But despite the price drop there are still people making money. There are some Nigerians on the forum who make money with signature campaigns or being campaign managers, for example. I don't rule out that there are also those outside this forum who are doing something related to cryptocurrencies that pays them more than the average salary there.

Although I doubt very much that it will be massive, so I share your skepticism.

[JohnBitCo]

And the streak will continue.  The Nigerian government won't be the first or last to fail at attempting to stop bitcoin, need to take a page out of the book from the countries that have gotten on board.  I believe the floodgates will be busted open after the next bull run as you have a quite a few countries that want to see how things play out with El Salvador before jumping on the bandwagon.

There were many governments before that tried to stop bitcoin but failed.  There will be more governments in the future who will try to stop this popularity of bitcoin and they will fail too. Sooner or later the government will have to accept this digital currency, so those governments like El Salvador will be remembered as a pioneer when bitcoin is rolled out everywhere in the world.

[gabbie2010]

And the streak will continue.  The Nigerian government won't be the first or last to fail at attempting to stop bitcoin, need to take a page out of the book from the countries that have gotten on board.  I believe the floodgates will be busted open after the next bull run as you have a quite a few countries that want to see how things play out with El Salvador before jumping on the bandwagon.

There were many governments before that tried to stop bitcoin but failed.  There will be more governments in the future who will try to stop this popularity of bitcoin and they will fail too. Sooner or later the government will have to accept this digital currency, so those governments like El Salvador will be remembered as a pioneer when bitcoin is rolled out everywhere in the world.

Bitcoin decentralized and anonymous features made it absolutely impossible for any government to successfully wage any war on crypto and win, Nigeria tried to ban bitcoin but unsuccessful, they stopped crypto start-ups who are linked with banks from transactions and threatened them with freezing their account, however Binance, Paxful etc came to the rescue individual Bitcoin users transact crypto huge of crypto via P2P daily, though transfer of fiat to sellers or buyers is done through the banks without mentioning Crypto as remark in the transaction.

[lepbagong]

And the streak will continue.  The Nigerian government won't be the first or last to fail at attempting to stop bitcoin, need to take a page out of the book from the countries that have gotten on board.  I believe the floodgates will be busted open after the next bull run as you have a quite a few countries that want to see how things play out with El Salvador before jumping on the bandwagon.

Yes, after the banning of crypto exchange on Nigerian Bank services, at the risk of severe penalties and prohibiting all institutions and banks from discontinuing crypto services.
Instead, it makes bitcoin out of control and the more it is banned, the more resistance there will be.
because there is continued emphasis, CBN (Central Bank of Nigeria) gives a signal that it will re-legalize crypto even though there has been no clear signal about the previous ban on institutions. but obviously this will bring fresh air that re-usability will happen, it will not be easy to implement a crypto ban if everyone is used to doing that.
we will see the further development of this country and it will be clear that crypto is the best way.

[ChrisPop]

This is exactly where Bitcoin has the biggest impact - the poor countries where rampaging inflation is burdening people's lives and the economic environment is "caged" by a corrupt government.
Also hat $185mm is just what has been run through the Paxful platform. You can imagine that a lot more has been transacted f2f and through other channels.