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)
Topic: A time is coming (Read 343 times)
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. 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).
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).
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).
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 😎
I believe that right from amidst the government and other central authorities we have a number of people among them who have already invested on bitcoin but could not aooear public on their decision and yet they were among those that aslo support the regulations against it from their chambers, such is life because they always have their own fragments of interest they got served with in using bitcoin and fighting against the network also create more avenue for them to regulate other crypto sectors who will fund money to their account from tax and other means of collections whete they use power over.
The time is coming for some, but the time has already come for some, and due to an inequal access to knowledge and awareness some people will always pass this earth without ever knowing the time arrived.
We are lucky, to know Bitcoin and to use it and have it. If we just pass on the knowledge to one other person we will do our job.
And it is not about turning the world order but to help people exist within it.
We are lucky, to know Bitcoin and to use it and have it. If we just pass on the knowledge to one other person we will do our job.
And it is not about turning the world order but to help people exist within it.
So, it may not totally upend the world order, but I believe cryptos will grow and become more widely adopted. As they say, "Adoption is inevitable".
It will not totally upend the world order, and Bitcoin adoption for use will not completely render the banks useless. Yes, the number of people who depend on the banks will reduce and that has the potential of reducing bank profit and government profit, but bitcoin adoption will happen in a manner that they will be used alongside bank notes, but people will trust and rely more on bitcoins because they know that it is an improvement that can offer benefits that bank notes cannot offer. With how CBDC's are emerging, we may even have the bank notes, CBDC's and bitcoins as options. 
Every financial institution has what they are good at; no one is going to replace the other.
Bitcoin only comes to make the financial system and way of payment better in terms of transparency and reliability without any form of government policy or limitation.
Max adoption is already here in different sectors; the only thing holding bitcoin in some areas back from being publicly accepted is government policy.
Bitcoin only comes to make the financial system and way of payment better in terms of transparency and reliability without any form of government policy or limitation.
Max adoption is already here in different sectors; the only thing holding bitcoin in some areas back from being publicly accepted is government policy.
Bitcoin dominance decreases by more altcoins are born daily and their big total supply and marketcap. Bitcoin has dominance decrease but its impact is unchanged and still big.
Altcoins poses no threat to Bitcoin existence, instead this altcoins make Bitcoin more famous because as they fail and people search for a better and secure option they fall back to Bitcoin. It doesn't matter how many altcoins that come into existence 99% of them will fail at some point and at a time people will get tired of of losing their money.
The picture in the OP will come to reality at some point of human existence, already we're seeing steady steps towards achieving Bitcoin global adoptions. First it was the banks banning it but now they're embracing it. Then countries making it a legal tender. It takes only one world power nation to accept Bitcoin for the whole world to follow.
Imagine if a country like China adopts Bitcoin, others will follow as they won't want to miss out. Or imagine if a country like American accepts Bitcoin as well. I know it looks impossible but so was human flying before it became possible
I like all the pictures people making out of it.
Central banks will always be central banks, even if you reject it and want to become full on bitcoin, it will always be central banks because it has the power of governments behind it. The only thing a central bank would have to do is tell the government it can't function when everyone is moving towards bitcoin, and the government will ban bitcoin without a doubt, then you can keep using it illegally but mass adoption won't happen, simple as that.
I know that there is a chance in theory that we could be like the image, but that just puts the power of central bank in question, if it is powerful enough to whip everyone, it is powerful enough to keep that position as well, otherwise people would have stopped it earlier.
I know that there is a chance in theory that we could be like the image, but that just puts the power of central bank in question, if it is powerful enough to whip everyone, it is powerful enough to keep that position as well, otherwise people would have stopped it earlier.
Lets not forget that regardless of what CMC website calls this percentage, it has nothing to do with actual dominance. This value is simply representation of a ratio computed by dividing 1 market capitalization by sum of 22669 market capitalizations (1/22669=0.00004)!
As they keep creating new shitcoins and shittokens and as the existing shitcoins create new circulating supply out of thin air (like XRP printing millions in a blinking of an eye) this ratio goes down. At some point there will be quadrillion and quintillion shitcoins in circulation turning that ratio to below 10%.
Yay. I told about that and I agreed with you.As they keep creating new shitcoins and shittokens and as the existing shitcoins create new circulating supply out of thin air (like XRP printing millions in a blinking of an eye) this ratio goes down. At some point there will be quadrillion and quintillion shitcoins in circulation turning that ratio to below 10%.
Bitcoin dominance decreases by more altcoins are born daily and their big total supply and marketcap. Bitcoin has dominance decrease but its impact is unchanged and still big.
Bitcoin dominance is 42.2% today but its impacts are bigger. Total dominance of altcoins is high than their real values because thousand of shitcoins were created from thin air.
Bitcoin has always dominated altcoins from the beginning of its journey. On Sunday, Nov 17- 2013, Bitcoin Dominance was 96.33%. In the last ten years, Bitcoin lost 54.13% Dominance, which will continue. The current dominance is 42%.
Lets not forget that regardless of what CMC website calls this percentage, it has nothing to do with actual dominance. This value is simply representation of a ratio computed by dividing 1 market capitalization by sum of 22669 market capitalizations (1/22669=0.00004)!As they keep creating new shitcoins and shittokens and as the existing shitcoins create new circulating supply out of thin air (like XRP printing millions in a blinking of an eye) this ratio goes down. At some point there will be quadrillion and quintillion shitcoins in circulation turning that ratio to below 10%.
I'm a bit skeptic about mass Bitcoin adoption and I don't think that your prediction will come true.
The vast majority of the people around the world will always obey to the governments/central banks. The Bitcoiners/crypto supporters will always remain a minority. There are multiple factors that will stop mass Bitcoin adoption-like price volatility, lack of convenience, all the FUD propaganda about crypto being a scam, crypto scams, scaling, etc...
We live in a civilization, where hierarchy is really important and the majority of the people always have to obey to come kind of elite. I believe that Bitcoin/blockchain cannot change and cannot make the world more egalitarian. There will always be a political and financial elite. Thinking that Bitcoin could possibly change this is simply naive.
Heyy, I get your doubt about mass Bitcoin acceptance, but hear me outt, dude. Cryptocurrencies like Bitcoin offer a way outt of the old-fashiond financial system. Though the government and banks may have some power, they cant have the adoption of cryptocurrencies. The blockchain tech and decentralized nature of these currencies giv the users transparency, securitiy, and privacy, which is dope, rightt? Furthermore, the youth are more tech-savvy and dont trust the traditioonal institutioons, so they vibe with cryptocurrincies. Sure, there are challengs like rules, expancion, and user experience, but the industry is tackling these. Besides, some major players, such as Telsa, Microsof, and PayPaal, alredy acceppted Bitcoin, which shows its gainin steam. So, it may not totally upend the world order, but I believe cryptos will groww and become more widely adopted. As they say, "Adoption is inevitable".The vast majority of the people around the world will always obey to the governments/central banks. The Bitcoiners/crypto supporters will always remain a minority. There are multiple factors that will stop mass Bitcoin adoption-like price volatility, lack of convenience, all the FUD propaganda about crypto being a scam, crypto scams, scaling, etc...
We live in a civilization, where hierarchy is really important and the majority of the people always have to obey to come kind of elite. I believe that Bitcoin/blockchain cannot change and cannot make the world more egalitarian. There will always be a political and financial elite. Thinking that Bitcoin could possibly change this is simply naive.
Bitcoin is not cryptocurrency and the cryptocurrency market is dominated by Bitcoin.
Bitcoin IS Cryptocurrency. Bitcoin indeed dominates the cryptocurrency market. If it's not a cryptocurrency, How it will dominate the market? If you are not a player, You won't be able to dominate other players. Just like we all are Human. Some of us Man and some of us women. That's it.
Bitcoin dominance is 42.2% today but its impacts are bigger. Total dominance of altcoins is high than their real values because thousand of shitcoins were created from thin air.
Bitcoin has always dominated altcoins from the beginning of its journey. On Sunday, Nov 17- 2013, Bitcoin Dominance was 96.33%. In the last ten years, Bitcoin lost 54.13% Dominance, which will continue. The current dominance is 42%.
Bitcoin communities are solid, but most crypto (altcoins) communities are weak and vulnerable to crashes.
That's true. Still, People will invest in Shitcoins in the hope of getting rich in a short time. Some of them will be rich, and most of the others will lose everything. Let's hope people will understand the difference between bitcoin and shitcoins. 
It’s coming faster than we think. Governments & central banks are doing a great job of advertising bitcoin without even realising it. They are making so many mistakes, it’s great for us.
I think in our lifetime most people will have some exposure to bitcoin through pension or investment schemes at least. We are here early though, before the majority so we must use this opportunity to stack as many cheap coins as we can before the laggards come in.
Bitcoin is not cryptocurrency and the cryptocurrency market is dominated by Bitcoin.
Bitcoin dominance is 42.2% today but its impacts are bigger. Total dominance of altcoins is high than their real values because thousand of shitcoins were created from thin air.
Bitcoin communities are solid but most of crypto (altcoins) communities are weak and vulnerable to crashes.
Mostly those who use altcoins have bigger investments of bitcoin, only few altcoins will be able to survive in the market at the long run, some already gone, file bankruptcy or just run away without a word, since bitcoin still stand still despite its dump and pump makes the altcoins active too. It is mostly dependent on BTC. Since there are different says in different countries how they will use cryptocurrencies they will just keep using the governments money or banks in their country operation. Once their will be a proof in other countries that it change their systems in a better that will only be the only time other countries will follow. Bitcoin dominance is 42.2% today but its impacts are bigger. Total dominance of altcoins is high than their real values because thousand of shitcoins were created from thin air.
Bitcoin communities are solid but most of crypto (altcoins) communities are weak and vulnerable to crashes.
Do not think it is about bitcoin only. Crypto is so large community
Bitcoin is not cryptocurrency and the cryptocurrency market is dominated by Bitcoin.Bitcoin dominance is 42.2% today but its impacts are bigger. Total dominance of altcoins is high than their real values because thousand of shitcoins were created from thin air.
Bitcoin communities are solid but most of crypto (altcoins) communities are weak and vulnerable to crashes.
I'm a bit skeptic about mass Bitcoin adoption and I don't think that your prediction will come true.
The vast majority of the people around the world will always obey to the governments/central banks. The Bitcoiners/crypto supporters will always remain a minority. There are multiple factors that will stop mass Bitcoin adoption-like price volatility, lack of convenience, all the FUD propaganda about crypto being a scam, crypto scams, scaling, etc...
We live in a civilization, where hierarchy is really important and the majority of the people always have to obey to come kind of elite. I believe that Bitcoin/blockchain cannot change and cannot make the world more egalitarian. There will always be a political and financial elite. Thinking that Bitcoin could possibly change this is simply naive.
The vast majority of the people around the world will always obey to the governments/central banks. The Bitcoiners/crypto supporters will always remain a minority. There are multiple factors that will stop mass Bitcoin adoption-like price volatility, lack of convenience, all the FUD propaganda about crypto being a scam, crypto scams, scaling, etc...
We live in a civilization, where hierarchy is really important and the majority of the people always have to obey to come kind of elite. I believe that Bitcoin/blockchain cannot change and cannot make the world more egalitarian. There will always be a political and financial elite. Thinking that Bitcoin could possibly change this is simply naive.
Mass adoption is somehow impossible to happen for now since each government has different opinion about this and majority doesn't include this as good option in modern financing. If government will say thay this is illegal on their country for sure this is big loss for the adoption and maybe other country will follow especially if US or other first world country against its existence.
Bitcoin can still change the world maybe on how it can make the transactions became more simpler, also the opportunity is so wide and the salary is huge compare to traditional work which pay a chunk so I guess by this we can somehow see some changes and discrimination on some jobs will be eliminated since skills will matter here.
I'm a bit skeptic about mass Bitcoin adoption and I don't think that your prediction will come true.
The vast majority of the people around the world will always obey to the governments/central banks. The Bitcoiners/crypto supporters will always remain a minority. There are multiple factors that will stop mass Bitcoin adoption-like price volatility, lack of convenience, all the FUD propaganda about crypto being a scam, crypto scams, scaling, etc...
We live in a civilization, where hierarchy is really important and the majority of the people always have to obey to come kind of elite. I believe that Bitcoin/blockchain cannot change and cannot make the world more egalitarian. There will always be a political and financial elite. Thinking that Bitcoin could possibly change this is simply naive.
The vast majority of the people around the world will always obey to the governments/central banks. The Bitcoiners/crypto supporters will always remain a minority. There are multiple factors that will stop mass Bitcoin adoption-like price volatility, lack of convenience, all the FUD propaganda about crypto being a scam, crypto scams, scaling, etc...
We live in a civilization, where hierarchy is really important and the majority of the people always have to obey to come kind of elite. I believe that Bitcoin/blockchain cannot change and cannot make the world more egalitarian. There will always be a political and financial elite. Thinking that Bitcoin could possibly change this is simply naive.
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