A time is coming

[tread93]

The journey for bitcoin hasnt been an easy one but we can all boldly say that its adoption by the world is slowly coming to a realisation. For so long many people have been financially control by the central banks until a man came up with the idea of the decentralized system (Satoshi nakamoto) which his primary goal was to free the people of the financial entrapment placed by the central banks. Just imagine you are owner of your money but still you will be given and placed conditions on how to use your currency, they monitored and stipulated rules on how your money should be use and when to access to it and even as far as tempering with your money you saved in the banks. 
    It was not until this crisis my country faced @nigeria,  that i actually understood the disadvantages of what its meant for your money to be actually controlled by a central system. Million of people couldn't have access to their money due to the laws stated out because of the naira problems. Imagine a situation where you are having millions but can be only offered 20k naira a day, i mean its really frustrating. But hopefully for everyone Bitcoin is growing so fast to counter such financially errors in the system. The meme actually tells the truth, the little write up explains it all. If you fix the money you fixed the world.
  Am just waiting for the time the last stage on the picture will be achieved, when biction actually conquers the fiat system and decentralization became the next thing.

Feel free to Share with us some recent update to achieving this decentralized ecosystem.

We are very close to gaining widespread adoption. Things are changing and they are changing very fast. Just the other day the SEC basically ruled every crypto a security EXCEPT Bitcoin 😎

[1715433563]

1715433563

[1715433563]

1715433563

[kryptqnick]

Some countries may realize that adopting Bitcoin is the way and having just one legal tender, controlled by the government, has its issues. But it doesn't have to be a fight, it doesn't have to be one against another. Even in El Salvador, Bitcoin is legal tender along fiat (the USD). I've heard of Nigeria's failure, but does it push people to trust in cash more or to distrust naira altogether?
I think Bitcoin can offer many things, and various ways are of usage are okay. It can be legal tender (although it's unclear how a country that would only have crypto and no fiat money would do economically).

[borovichok]

Some countries may realize that adopting Bitcoin is the way and having just one legal tender, controlled by the government, has its issues. But it doesn't have to be a fight, it doesn't have to be one against another. Even in El Salvador, Bitcoin is legal tender along fiat (the USD). I've heard of Nigeria's failure, but does it push people to trust in cash more or to distrust naira altogether?
I think Bitcoin can offer many things, and various ways are of usage are okay. It can be legal tender (although it's unclear how a country that would only have crypto and no fiat money would do economically).

The majority of governments do not support the idea of accepting bitcoin as legal tender because they are concerned that common people will adopt the new project quickly and explore more than they will. Since it can be traded and has a promising future, bitcoin will surpass other fiat currencies on the market. The country of El Salvador is expanding quickly thanks to the new legal tender, and its economy and enterprises are operating with great efficiency thanks to the enormous profits generated by bitcoin. The banks and top companies will do everything in their power to keep bitcoin and cryptocurrency banned in the country; they have refused to lift the ban. The Nigerian government is afraid of the new coin that dominates the cryptocurrency market.

[Kakmakr]

Yes, and Nigeria are not the only country where this has happened. Take Greece for instance.... during the financial crisis, there were a Bank rush, where people rushed to their Banks to withdraw their own money.... but the Banks (centralized) decided to close the doors and to put restrictions on customers withdrawals to protect the Banks.

Now, suddenly people realized that the money in the Banks are not their money anymore, because the Banks control it. I am glad that more people are seeing this in your country and I hope it is helping to push Bitcoin adoption. (The money for the people and for financial freedom)