Topic: Condemned but still stands out (Read 108 times)

Na government be the number one wey condemn bitcoin and na worldwide something no be only for Naija. Assuming say bitcoin no dey decentralized only government for don shut am down since because them dey envy the power of bitcoin and e no give them power to control. Government don try their bet to see how them go turn people mind against bitcoin but e no work because as time dey go na so bitcoin dey grow for value due to more people we dey adopt am.

Media na another people wey don condemn bitcoin but nowhere e reach because an media dey condemn am na the time wey bitcoin dey pave way and dey go the more wey come put all of them for shame. Currently, these same people wey dey condemn bitcoin no fit again because them see say bitcoin don already put them to shame due to him potential.

when you look at a system that's not regulated by a single authority and that came into being with zero affiliation with the government and even looked as though it's a threat to the general government financial institutions, you just have to give total respect to Bitcoin with regards how far it has come and the resistance it has overcome all these years.

It history in all the country that have now relaxed thier level of resistance against it are filled with times when it was totally rejected and condemned because of lack of proper orientation by those nations and the fear that it's possible that Bitcoin is another scam. Even in Nigeria here, a lot of people are still skeptical about it even after it has existed for quite a long period of time and even with the regulatory structure and countless numbers of times it has been actively attacked, Bitcoin still strives and has survived till this point.

It shows the power of decentralized system cause that's the one reason why Bitcoin has survived this far. It also shows that Anything that is self sustainable has the potential of perforkjmg close to the height that Bitcoin has attained.

Are we seeing the possibilities for a day to come, when our government will likely accept Bitcoin in regards to promoting it's usage in a way towards accepting it as a legal tender?

If the government can possibly get involved into Bitcoin investment and earn from it to widen our (GNI), why don't they pick interest and begin to invest so to help the economy in the long run?

E don tay way government don dey fight bitcoin. Them don use big media take spoil bitcoin name say na scam and the rest. Them even go as far as to ban crypto transactions but e no work as people no kukuma trust the government before so anything way them talk about crypto we know say no be for our good them dey do am. Na only El Salvador and Central Republic of Africa don make bitcoin legal tender since all this time wey bitcoin don dey exist.

I think bitcoins is bound to keep facing condemnation even at the face of increased wide usage as it pose potential threat to the functionality and usability of fiat. The government and other agencies behind fiat with always stare up people against believing on the freedom of BTC.
Why do you think there is always a ban after some years of usage, it's just a way  of creating fear in people's mind thereby causing potential investors to stay away from bitcoins. This mechanism help stabilize the fait

The condemnations on Bitcoin is still persisting up til date over the anti-bitcoineers trying to discourage enthusiasts from adopting Bitcoin but though the sabotage had succeeded some influential gravities of compromising interested individuals to further their dreams on Bitcoin comparing to now.

I think it has come to an extend to understand that some of these Bitcoin saboteurs are literally not anti-bitcoineers but have misconceptions that Bitcoin is not reality due to their lack of knowledge on Bitcoin. So, they mostly act out of ignorance talking things negative about Bitcoin without verification to backup their Speculations about Bitcoin.

It is all about Bitcoin, historically and how it has crossed several stages of condemnation just before it is now getting this much level of attention. Bitcoin started on a rough ground, whereas it looked too unreal becoming a part of the Bitcoin enthusiast  who was willing to spend part of their funds into owning portions of Bitcoin.

The early investors were faced with potential condemnations and dispersity during the early days/years when Bitcoin was founded, many doubted and as much reasons were given as enough why more people should despise. Hopefully, a few investors never backed down and relied on their own narratives without given into the chastisers.

Not just that alone, Bitcoin also faced severed condemnations when the uses were exploited into threatening functions like scam and theft, ,many in these phases as well doubted the potentials of Bitcoin yet it still scaled through.

Volatility and government also played a role in condemning Bitcoin, when Bitcoin significantly took a price hike which must have interested more people, i guess when it later faced deep correction which brought back the price below what it was, a lot of people must have once again label it as a potential scheme which was only there to take money from investors. For some reasons, some government took down anything related to Bitcoin and Cryptocurrency which implies a ban and faulty for any one who partakes in it.

Bitcoin scaled all through this, same goes to those investors who never felt discouraged or distress when investing into Bitcoin, now we are left with same options to accumulate into our portfolio without considering the minor threats.