Nor Be Just to Know Bitcoin, Na Who Teach You and Wetin Dem Tell You

[Kliss]

Many criminal have attempted to use bitcoin for illegal activities but their attempts have been hindered by traceable transactions.  The fact that some  decentralised may not require ID verification it has got some criminals minded assuming they can execute their illegal activities through bitcoin transactions but it has always failed them because bitcoin transactions can be traceable because physical cash is till dominant in Nigeria, making it difficult to remain completely digital and untraceable.  

Unfortunately, some Nigerians have been misled about Bitcoin and are using it for illegal activities, like the kidnapping scam. It's essential to adopt acquire and transact bitcoin legitimately especially for country facing obstacles from government in regards to bitcoin. Let's focus on promoting responsible and legal ways of engaging with Bitcoin, so that those thinking of investing in it won't see it as something illegal. By spreading the right information on the legitimate uses of bitcoin, we can help change the perception and encourage responsible investment practices. Bitcoin can be a valuable asset when used correctly and legally.

[Stable090]

Nor be just about to know about bitcoin but na where u take learn about bitcoin from and wetin dem tell you about am. Becos how these young Nigerians go take plan to kidnap themselves come dey ask one of them papa for 50 million Naira in Bitcoin but when the papa send 5 million Naira in Bitcoin, them blow 2 million. This make me summarize say nor be just know about bitcoin but who you learn bitcoin from and wetin dem tell you exactly about bitcoin. Obviously these Nigerians get they misguided about bitcoin.

E Dey pin me when I see things like this, because na people like dis Dey spoil d reputation of bitcoin, sometimes you go see people wey Dey into yahoo Dey talk say na bitcoin dem Dey into, things like that just Dey fucking annoying. The father wey pay 5 million in bitcoin no fit every believe say dem fit use bitcoin for any better thing again, him go Dey reason say na only illegal things dem fit use bitcoin for, and people like this will never believe in bitcoin again.

Seriously dem suppose punish the criminals wey do that thing, how you go kidnap yourself come Dey request for ransom, e no really make any sense to me now, and even d money wey dem collect na rubbish dem go use am do, na waste dem go still waste am, and they don put tension for there father body, and Dey don spoil bitcoin reputation again.

When we dey talk to young people about bitcoin make we tell say:

• bitcoin nor be for getting rich quick
• nor be about how many bitcoin you get but how you take get am. If you get am through legit means you go appreciate am and get peace of mind but if you get am through illegal means you go dey fear make dem police nor catch you one day and na to squander am because you feel say you go always fit get am through that illegal means.

People wey fit kidnap themselves and they request for bitcoin as payment, then dem sabi Wetin bitcoin Dey about, they know say no be get rich quick scheme e be, na just criminal dem be. Na just newbies wey never even enter crypto space fit Dey reason say bitcoin na get rich quick scheme.

[SmartCharpa]

True, no be to know about Bitcoin na e matter but how we carry know about am, how we take learn about am and from which source we get the information from na be wetin really matter because na wetin we learn na go determine if we really get the information or idea from better source and from the information we go apply for any problem wey we encounter or face and most people think to get the idea of Bitcoin say the person go start to make money easily, them no dey know say anything wey get advantage dey also get disadvantage, nothing for this world dey good finish.

So make we dey try to get right information so that we no go implicate ourselves for wetin we know.

You know waiting dey surprised me with this our youths be say, those ones wey no dey earn BTC in a legal way na them they shout for social media say them be BTC lord, I get some of them for my contacts list, you no go see them with any legit hustle, but na them dey disturb social media for us, even person wey never hold BTC for him wallet before go dey whine us. And waiting dey pain me pass be say, dey can never for once reason am say what if they get arrested, how them go take explain about their sources of income? If person ask me say did I know anything about Bitcoin, my answer is always no because if they involve their self involved in illegal things, make them no come hold me say na me dey give people wrong information about Bitcoin.

According to the information wey Op gave so, those boys really get mind, kidnapped himself and asked his dad for 5 million in BTC? Una reason am say person wey teach those boys about Bitcoin no go enter trouble? Because me I believe say those boys will not just sit one day that they learn about bitcoin by themselves, they must get the information from someone. Our government don get another evidence to fight against crypto.

[Y3shot]

Not just only in bitcoin  but also in fiat, when money is gotten in an illegal way you would want to spend it anyhow. I think in the case of this people maybe they thought receiving bitcoin will bring them more money to them . Some people just get to know about Bitcoin but fail to try to get more knowledge of bitcoin on their own. Even if we learn bitcoin from people who are not well knowledgeable it doesn't mean we shouldn't try to make research to know more or get more details. As human we don't need to rely on what people feeds us with but we should be able to get a better understanding from our own findings.