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Author Topic: We fit create means to educate our country men  (Read 64 times)
Troytech (OP)
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January 18, 2024, 01:10:16 PM
Last edit: January 19, 2024, 11:47:05 AM by Troytech
Merited by fillippone (1)
 #1

Omo my country men e get watin I wan ask oh, how I wan use integrate crypto payment for my local business so me sef fit follow dey teach people about bitcoin.

E gat many of our country men wey never still know anything about bitcoin and if I make am as means of payment I think say I fit use am create opportunity for person to ask me one or two questions, the reason why I care to this na say I believe say e get time wey bitcoin go dey very difficult to aquire, that time you fit spend even 5 years dey try aquire only a fraction of bitcoin, and many of our country men go lose this opportunity  ,like many people from age 34 up no dey actively into crypto and then fit discover very late.

Although I no blame them , we dey live for the center of cyber crime and our country men Don to lose money to fake crypto currency like one wey them advertising for my street pink coin, many people invest for the stuff, they carry their money run.

So now I wan help, I dey sell cloths online and digital courses too, I dey think if I fit create crypto currency course to teach people and also create  means to add crypto payments for my online business too. Abeg make we put head for this matter even if na to create tutorial on bitcoin then give am for free, sponsored by this forum.
Makus
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January 18, 2024, 08:12:47 PM
Merited by Youngkhngdiddy (2)
 #2

Actually no be bad idea to start to accept Bitcoin for business transactions, because that na the main reason why satoshi Nakamoto create am. To  be used for P2P transactions, meaning majority of the time na business related stuff naim dey influence em transactions. It was created to be used as normal money but I the form of digital currency. However na because of the volatility naim make we come dey see am as an asset for investment. And that na the main reason why some persons don dey hide the ones wey Dem get, allowing just small amount to be used for transactions purpose. Anyway in consequent time, I believe say e go become very hard for Bitcoin to even dey fly around anyhow because of the value, and people no go like to wan dey trade again, Bitcoin go scarce.

But the only problem I see, when using Bitcoin as a p2p transaction channel, is the mempool congestion that we are experiencing now, that result to high transaction fee, and delay in transaction confirmation which is not good for business purposes.
Troytech (OP)
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January 18, 2024, 08:44:15 PM
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Actually no be bad idea to start to accept Bitcoin for business transactions, because that na the main reason why satoshi Nakamoto create am. To  be used for P2P transactions, meaning majority of the time na business related stuff naim dey influence em transactions. It was created to be used as normal money but I the form of digital currency. However na because of the volatility naim make we come dey see am as an asset for investment. And that na the main reason why some persons don dey hide the ones wey Dem get, allowing just small amount to be used for transactions purpose. Anyway in consequent time, I believe say e go become very hard for Bitcoin to even dey fly around anyhow because of the value, and people no go like to wan dey trade again, Bitcoin go scarce.

But the only problem I see, when using Bitcoin as a p2p transaction channel, is the mempool congestion that we are experiencing now, that result to high transaction fee, and delay in transaction confirmation which is not good for business purposes.
Like you said it was created for p2p transactions, but for now high gas fees go really affect me na y I carry the matter come here.
Makus
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January 18, 2024, 09:06:32 PM
 #4

Like you said it was created for p2p transactions, but for now high gas fees go really affect me na y I carry the matter come here.

If you don really make up your mind to use bitcoin for transactions, I go advise just for this your sake, make you add one stable coin join the Bitcoin so that, when ever we experience any mempool congestion or high fee, we fit just navigate to using stable coin. And I go advise you use USDT join with the bitcoin, USDT transaction sef dey very fast. But make e no over shadow your original thought to use Bitcoin for the transaction, and to help promote am. I never advise anybody to use any altcoin before, it unlike me, but based on say na for business and stable coin no dey good for investment, and e no dey volatile like other types of coins naim make.
Kingbtc2
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January 19, 2024, 08:38:26 PM
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Actually no be bad idea to start to accept Bitcoin for business transactions, because that na the main reason why satoshi Nakamoto create am. To  be used for P2P transactions, meaning majority of the time na business related stuff naim dey influence em transactions. It was created to be used as normal money but I the form of digital currency. However na because of the volatility naim make we come dey see am as an asset for investment. And that na the main reason why some persons don dey hide the ones wey Dem get, allowing just small amount to be used for transactions purpose. Anyway in consequent time, I believe say e go become very hard for Bitcoin to even dey fly around anyhow because of the value, and people no go like to wan dey trade again, Bitcoin go scarce.

But the only problem I see, when using Bitcoin as a p2p transaction channel, is the mempool congestion that we are experiencing now, that result to high transaction fee, and delay in transaction confirmation which is not good for business purposes.
Accepting Bitcoin as payment for goods and services is good because it is the main purpose of creating it by Satoshi Nakamoto, to be used as a p2p transactions, so if OP decides to be accepting it as an alternative payment in his business, then it will be good for the adoption of Bitcoin, because some people will know it through him. But the main concern is the transaction fees which is still high now because of the mempool congestion, if he wants to adjust the fees then it can take days before the transaction is confirmed, other alternative means like lightening networks and using usdt might not be convenient for every customer, especially those who are not very knowledgeable about cryptocurrency. He can still go ahead to advertise that he collects Bitcoin, any customer that has a Bitcoin wallet can choose to make payment with it, and they will reach an agreement about the payment of the high transaction fee.
Miles2006
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January 19, 2024, 09:53:06 PM
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So now I wan help, I dey sell cloths online and digital courses too, I dey think if I fit create crypto currency course to teach people and also create  means to add crypto payments for my online business too. Abeg make we put head for this matter even if na to create tutorial on bitcoin then give am for free, sponsored by this forum.
The crypto course wey you wan create make sense and e go increase the adoption rate if only people like am, why not focus on teaching about bitcoin only cause the way some crypto dey serve as ponzi scheme dey fear people and after educating people some go like invest without knowing about the crypto and wahala go dey some go even blame you just like wetin you talk about pink coin, I will advice you teach about bitcoin only.
Accepting bitcoin as a means of payment for now no dey friendly and customers no go too like am due to the high transaction fee, but na their choice to pay with bitcoin or fiat.
Y3shot
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January 19, 2024, 10:03:24 PM
 #7

It is good move to teach people about bitcoin do not know about it, I think with what you are about to start is to create more awareness of bitcoin. But you also need to do something too as you are trying to teach people about bitcoin,  to leat them know that bitcoin does not make one to be rich, this is a wrong mindset for one to have concerning.  Let them the important things they need to know about Bitcoin so that they won't misled to do things that will end affecting them.
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