Happy Friday to my fellow Nigerians, Bitcoin transaction in Nigerian has hit ₦100,237,000 today. With this figure it is clear that Bitcoin is not only a side hustle but also our own future. Building a strong community is crucial, because we need to move together to enable us survive this SEC 2026 regulations.
First of all, thank you for thinking about how to promote the survival of bitcoin in Nigeria and bringing it up for discussion but Please try to add source to this post in order for us to also confirm the originality of this figure you mentioned here..
Here are four ways which we can build a community let discuss. And this are ways for us to connect, educate ourselves and also to grow together:
1. Organizing Meetups(Both Online and Outside)
Let's come together once in a while, We need to stop meeting only online. The Plan is that let come with and idea to organize Sats and Suya hangout in different cities like Abuja, Lagos and also Port Harcourt. This shouldn’t be something that Big or that too expensive hall or conferences but something minimum-of 10 to 20 individuals in a very safe place or cafe talking about how to grow , security, tax and our hardware wallets. All this face to face will help to fight out scams and allot of shits,and also help us to grow.
In this modern and very digital world, online meetings have almost taken over many areas that has always been strictly for offline gatherings. There are various challenges that could make this your suggestion very unworkable, factors like;
1) Security situation of the country: How do you guarantee safe arrival of everyone who you want to convene for an offline meeting where you wish to discuss on how to promote bitcoin? Our roads are no longer safe and not everyone can afford flights, not like anyone will sponsor the conference.
2) Possible exposure to scam: Gathering people together for such conference may make some people who have their ulterior motives to sell some ideas leading to scam to successfully disseminate the ideas to a group of digitally inclined economists.
3) Risk of arrest by security agencies: Anyone attending such meetings may get arrested because cryptocurrency is not completely backed by our local law. So why will you go and enter their hand and they will now come and call you yahoo Yahoo people.
4) In this Nigeria I have been in, there's no meeting you will have whether offline or online that the government will shift from any tax you are supposed to pay.
2.Online Groups Discussion
Online groups for discussion is really important. One whole group for everything is really confusing like serious. We need different groups for different goals and purposes, let there be provision of different groups like that of a DCA/NCA strategy, for Security, for Hardware and also for a Merchant Adoption. Breaking of all this into different category will really save allot of time and making it easy to find that particular help needed at that time.
This Forum is a good place that is also an enough gathering for everyone that wants to learn about bitcoin very well. Everyone in this forum is seen a a bitcoin lover because the forum is all about bitcoin and more. Talking about having different groups for different topics, we already have different groups (threads) in this forum that will allow everyone to learn about anything they want to learn. This means that you have come to the place for the bitcoin knowledge you want to learn.
3.Local Businesses Collaboration
We need not to only cash out to Naira but rather we need to spend Bitcoin also. We should all do well by encouraging ourselves even our own local barbers, chemists/ pharmacists, supermarkets and lot more of our local shops to accept Bitcoin using Lightning Network for low fees. Let all imagine it if we can all use out profit from Sats stacking to buy our groceries and any other things needed. We can do well by helping those businesses to open a simple wallet being it Blink or wallet of Satoshi
Nigeria is still backwards to start spending bitcoin on the streets as you said because even the United States of America and other developed countries are not spending it on the streets so rampantly. Bitcoin is a store of value that is supposed to store it until a long time so that there will be profit.
4.Sharing of Resources and Success Stories
Let us do well by encouraging ourselves by sharing the Wins and the Lessons. Let say u use Bitcoin to start a business or you use Bitcoin to build up a house or wedding. Let do well to share all this real life stories among ourselves in other to prove to the world that Bitcoin is a real tool for economic freedom not just a gamble but rather a life changer. Sharing of blacklist of scammer is very necessary in other to protect our communities.
It is personal to share one's wins in the public. It is good to share experiences because experience is the best teacher.
Closing Thought :
Nigerian are the #1 crypto hub in Africa. If all this is put into consideration, and we all collaborate we will become too big to be ignored.
Which of this four list idea above do you think should be put be put to start urgently? Are we all ready to put up a meet up in our areas? Let brainstorm below
I like the place you talked about experience sharing. It is good to teach people the good side and the bad side and how to dodge scammers.