Topic: Early Sign to Adopt Bitcoin by Nigerian Government - page 2. (Read 521 times)
That's a good sign and development if it comes True but i am expecting some country which can play more important role in Bitcoin adoption on local level let me figure out some these countries EU countries by full fledged support to Bitcoin openly that will be massive development. China, India, Bangladesh, Pakistan and any other major country oohh one more thing we can't forget the market capital dominators Middle East as it is most easy for them to do as they are not under any political pressure.
Early ours on Saturday, 5th November, 2022 Nigerian Government announcement from it National Radio Broadcast that the government is willing to train about over 30,000 Nigerians in blockchain, specifically Bitcoin. The government is planning Nigeria to be the number one play in the crypto space in Africa. Some of the trainees who will complete the training, will have chanced to be in the London incubation programme while others will be giving the opportunity to become Bitcoiners as Satoshi's vision of the currency.
And the government is inviting the citizens to take this opportunity and expose themselves in the new technological revolution.
Report: Over 30,000 Nigerians to Learn About Blockchain From Government Agency
Looks like Nigeria is all set to become a crypto haven. Just like Asian countries took advantage of the technological revolution, I think Nigeria wants to take advantage of the crypto revolution and want to train its Population in advance for this. This is a great thing as you would see a lot of crypto startups are looking up locations to open up their offices and most of them find Islands like Bahamas or Malta which obviously aren't considered very legitimate by rest of the world which is why Nigeria can be a new hotspot, it'll be dirt cheap and with such good human resource it will be quite impressive as well. And the government is inviting the citizens to take this opportunity and expose themselves in the new technological revolution.
Report: Over 30,000 Nigerians to Learn About Blockchain From Government Agency
It would be really nice if the Nigerian government really decides to educate such a large number of people about Bitcoin and blockchain, but as others have noticed, the article does not explicitly mention Bitcoin anywhere, but that is why it mentions the fake Bitcoin that has nothing to do with the Satoshi vision. Either they are so delusional that they don't understand the difference, or this is another attempt by Faketoshi to try to manipulate as many people as possible.
@Agbe, the source you use has been (and still is) extremely hostile to Bitcoin over the years, so it would be good for you and everyone else to look elsewhere for information.
Well I can't say anything for now again, because I am still on the learning process, Bitcoin is deep to know all, but one thing I also understand is that before a National Agency planning to carry out a training with such a large number of people, at least they might have known what they are doing if really they want to carry out the programme and not for deception. @Agbe, the source you use has been (and still is) extremely hostile to Bitcoin over the years, so it would be good for you and everyone else to look elsewhere for information.
We are all praying that in a good government they should implement it.
i am african and i live in africa i need to separate things, from what i understand the nigeria government is adopting blockchain technology they are not telling or urging people to buy bitcoin or are they not urging people to use bitcoin as a method of payment payments in nigeria, if the nigeria government were interested in mass adopting bitcoin in nigeria they would be focused on passing laws that benefit bitcoin, they would be campaigning for nigeria banks to allow exchanges to have nigeria bank accounts, the government would be By encouraging stores to accept bitcoin as a payment method, the government of nigeria would be striving to put bitcoin ATM in nigeria. in Africa it is very difficult to understand what these dictatorial politicians want for the country's future, they only think about themselves
I guess, this is a welcome development many Nigeria citizens have been waiting to see or hear from our potential leaders to make Bitcoin legalized in the land, so that the bitcoiners in the country will start experiencing good things from Bitcoin and their businesses in the country. Infant, am the happiest person in the whole world, because some of us has met the Nigerian politicians to find way to make Bitcoin legal in the country so that it will reduce unemployment and fraudulent activities in the land, which they accepted and promised the Nigerian youths that before the end of this year 2022 they will give Nigeria citizens a good training about Bitcoin and other cryptocurrencies. This is a big congratulations I will love to share with all my friends and families that light has fully come to stay in Nigeria, no more hiding as a bitcoiners in the country, I'm proud to be a Nigeria.
It would be really nice if the Nigerian government really decides to educate such a large number of people about Bitcoin and blockchain, but as others have noticed, the article does not explicitly mention Bitcoin anywhere, but that is why it mentions the fake Bitcoin that has nothing to do with the Satoshi vision. Either they are so delusional that they don't understand the difference, or this is another attempt by Faketoshi to try to manipulate as many people as possible.
@Agbe, the source you use has been (and still is) extremely hostile to Bitcoin over the years, so it would be good for you and everyone else to look elsewhere for information.
@Agbe, the source you use has been (and still is) extremely hostile to Bitcoin over the years, so it would be good for you and everyone else to look elsewhere for information.
Even for now the Nigerian central bank is more inclined to crypto currencies such as bitcoin, compared to the national currency Naira, even after the Nigerian people made a large adoption of bitcoin, most of the Nigerian population began to leave the Naira currency, even rumors circulated that the Naira currency had worthless, news circulated also the currency Naira fell 1.2 percent to its lowest level.
You seemed to have put words where there are none. The way you share the news, you made it look like it is all about Bitcoin. But based on the article, it isn't really about Bitcoin.
Sir the news is purely on Bitcoin, in Nigeria Bitcoin is the king of all the cryptocurrencies. Just that the news is talking about blockchain. And there is no way one is learning Bitcoin without learning blockchain. You must understand blockchain before using Bitcoin, that is where p2p come to play. Though your understanding is different from mine.
By the way, The news is not fake or false. The news is legit but we the Bitcoiners from the region are saying is that, it is not by mouth or broadcasting it on radio or television but let the government put the news in action. Let the training kick start as soon as possible. And also what some commentors have said is the truth, probably, it is because of the forthcoming election in the country they are bringing this initiative to lure the youth to vote for them but in a whatever way they, the government has known that Bitcoin is good for the youth, therefore, in a good time the implementation will come to pass.
Nigeria is a ground for experimentation of the Blockchain adoption but seems the trainees are not going to practice thier skills in Nigeria as they plan to send them to the London incubation program according to the article. And Craig Wright manages to insert his BSV with the help of NITDA.
There are lots of things to build in Nigeria as a developing country, those trainees I think should stay in Nigeria and develop more of what they have to enrich the country.
You seemed to have put words where there are none. The way you share the news, you made it look like it is all about Bitcoin. But based on the article, it isn't really about Bitcoin.
Sir the news is purely on Bitcoin, in Nigeria Bitcoin is the king of all the cryptocurrencies. Just that the news is talking about blockchain. And there is no way one is learning Bitcoin without learning blockchain. You must understand blockchain before using Bitcoin, that is where p2p come to play. Though your understanding is different from mine.
By the way, The news is not fake or false. The news is legit but we the Bitcoiners from the region are saying is that, it is not by mouth or broadcasting it on radio or television but let the government put the news in action. Let the training kick start as soon as possible. And also what some commentors have said is the truth, probably, it is because of the forthcoming election in the country they are bringing this initiative to lure the youth to vote for them but in a whatever way they, the government has known that Bitcoin is good for the youth, therefore, in a good time, the implementation will come to pass.
just as I stated in my earlier reply on this thread, as far as I know, this news has nothing to contribute to the positivity of the quest for Bitcoin adoption. Why should the focus of the training be limited and mention BSV which is not real Bitcoin but a forked and fake Bitcoin that emanated from an individual who is facing several criminal case If we are varying for blockchain adoption in Africa and Nigeria we should focus on the real deal and stop playing political games with our decayed financial sector
You seemed to have put words where there are none. The way you share the news, you made it look like it is all about Bitcoin. But based on the article, it isn't really about Bitcoin.
Sir the news is purely on Bitcoin, in Nigeria Bitcoin is the king of all the cryptocurrencies. Just that the news is talking about blockchain. And there is no way one is learning Bitcoin without learning blockchain. You must understand blockchain before using Bitcoin, that is where p2p come to play. Though your understanding is different from mine.
By the way, The news is not fake or false. The news is legit but we the Bitcoiners from the region are saying is that, it is not by mouth or broadcasting it on radio or television but let the government put the news in action. Let the training kick start as soon as possible. And also what some commentors have said is the truth, probably, it is because of the forthcoming election in the country they are bringing this initiative to lure the youth to vote for them but in a whatever way they, the government has known that Bitcoin is good for the youth, therefore, in a good time the implementation will come to pass.
Well allow me to say this " I can term it to be a political propaganda" why because this same government were the people who restricted us from trading cryptocurrencies and today they came on air to aired about training 30,000 youths to learn and study about blockchain. Hear me or not, it's our country and I m a full and well known citizen, why must it be because the general presidential election is around the corner and they thought of buying the hearts of the youths by assigning this program for their political aim.
I believe those that from Nigeria knows too well about this and intention of our government.
First to believe it's true they should allow the youths to transacts freely with bank and associates our card without any restrictions.
I believe those that from Nigeria knows too well about this and intention of our government.
First to believe it's true they should allow the youths to transacts freely with bank and associates our card without any restrictions.
Early ours on Saturday, 5th November, 2022 Nigerian Government announcement from it National Radio Broadcast that the government is willing to train about over 30,000 Nigerians in blockchain, specifically Bitcoin. The government is planning Nigeria to be the number one play in the crypto space in Africa. Some of the trainees who will complete the training, will have chanced to be in the London incubation programme while others will be giving the opportunity to become Bitcoiners as Satoshi's vision of the currency.
And the government is inviting the citizens to take this opportunity and expose themselves in the new technological revolution.
Report: Over 30,000 Nigerians to Learn About Blockchain From Government Agency
And the government is inviting the citizens to take this opportunity and expose themselves in the new technological revolution.
Report: Over 30,000 Nigerians to Learn About Blockchain From Government Agency
Yet, the government through its central bank is freezing account of any one that uses his/her bank account for a cryptocurrency transaction.
While the news is a welcome development, I seriously doubt the government committed to see it through.
This might end up only on the news without any thing substantial done.
Personally, I would say that this is a good initiative but I would conclude that it is an early sign to adopt bitcoin. Never. I know the government. What I think is that, this is definitely going to have a ripple effect on the trainees as it may lead some of them to be curious about bitcoin but it can never be the government doing so for bitcoin. They are selfish and would rather focus on resurrecting their failing Enaira.
We might not know the secret reason for this blockchain training program, but this is indeed a miracle. A government that has always crucified the crypto space linking the industry to all sorts of criminal activities. Bitcoin has been blamed for money laundering, ransom payments, and even the loss of value of the Nigerian currency the Naira. The Central Bank has backed all forms of propaganda and falsehood to discredit bitcoin. But it seems that they have come to realize that the future of Nigeria is the youths and bitcoin and Nigerian youths have become inseparable close allies. Now they are gradually waking up from their slumber. The training program might not be the best but it is indeed a starting point for better days ahead.
Now can we stop thinking negatively shall we? Participants are lucky because they can be able to travel in London only for them to understand bitcoin more and to make use of bitcoin as a currency, as stated in the description. We readers can only wish that the same thing can happen to our country soon. I mean not the banning part of course but the traveling part
.
Africa seems to be plain ground for experimenting bitcoin and inject the blockchain system into it from the scratch. The number one reason is their own currency which is already so much devalued that it’s as equal to as not using it anymore. I mean simply put, it’s none of use if you can’t even buy daily needs without spending notes which says 10,000 Naira, 5,000 Naira. Those are very very big denominations.
With countries development ahead, its not in the right direction so these gonna rise with the time. It would be unrealistic to print money for that country because they will need it in enormous volume.
This is where comes bitcoin in play. It’s smooth transition seems highly possible for them.
With countries development ahead, its not in the right direction so these gonna rise with the time. It would be unrealistic to print money for that country because they will need it in enormous volume.
This is where comes bitcoin in play. It’s smooth transition seems highly possible for them.
Nigeria has been actively talking about bitcoin since 2020, one way or another, first the SEC of Nigeria designated cryptocurrencies as securities, then the CBN ordered banks to block access of cryptographic organizations to the financial system. After that, the SEC announced that it had suspended the recommendations. Since then, CBN has been the only Nigerian regulator that controls the country's cryptocurrency industry.
And finally, in the fall of 2022, the government of Nigeria begins negotiations with Binance on creating now favorable conditions for cryptocurrencies, but so far in a separate zone https://cointelegraph.com/news/nigeria-binance-in-early-stage-talks-for-crypto-friendly-economic-zone
So in six months I would not be surprised that Nigeria will again start banning and blocking everything related to crypto assets.
Crypto and sports have been in collaboration for quite some time anyway, so for example Binance has collections of NFT FC Porto players, many famous athletes have approved cryptocurrency projects. It is known that the Dallas Mavericks have launched a cash-back rewards program to encourage fans to buy tickets and equipment using Dogecoin.
And finally, in the fall of 2022, the government of Nigeria begins negotiations with Binance on creating now favorable conditions for cryptocurrencies, but so far in a separate zone https://cointelegraph.com/news/nigeria-binance-in-early-stage-talks-for-crypto-friendly-economic-zone
So in six months I would not be surprised that Nigeria will again start banning and blocking everything related to crypto assets.
Crypto and sports have been in collaboration for quite some time anyway, so for example Binance has collections of NFT FC Porto players, many famous athletes have approved cryptocurrency projects. It is known that the Dallas Mavericks have launched a cash-back rewards program to encourage fans to buy tickets and equipment using Dogecoin.
It's about time Nigerian authorities showed some pro-crypto stance, given how high adoption of Bitcoin seems to be in Nigeria and how many small businesses are trying to do something with Bitcoin. It's great that they're organizing training, but it's the National IT Development Agency, and perhaps their goals and opinions don't align with those of other authorities. Moreover, there's a fine difference between 'blockchain solutions' and becoming Bitcoin-friendly. It's still a step forward, but clearly not as big or as cool as it might initially seem from the OP.
You seemed to have put words where there are none. The way you share the news, you made it look like it is all about Bitcoin. But based on the article, it isn't really about Bitcoin.
I haven't watched the official announcement, but nowhere in your source did it say that the the training will specifically be about Bitcoin. And I doubt it is about Bitcoin.
How I wish these were the exact words in the news. Alas, they aren't. Rather than being exposed to Bitcoin and become Bitcoiners, the actual exposure would only corrupt their minds. The exact words in the news are:
Early ours on Saturday, 5th November, 2022 Nigerian Government announcement from it National Radio Broadcast that the government is willing to train about over 30,000 Nigerians in blockchain, specifically Bitcoin.
I haven't watched the official announcement, but nowhere in your source did it say that the the training will specifically be about Bitcoin. And I doubt it is about Bitcoin.
Quote
Some of the trainees who will complete the training, will have chanced to be in the London incubation programme while others will be giving the opportunity to become Bitcoiners as Satoshi's vision of the currency.
How I wish these were the exact words in the news. Alas, they aren't. Rather than being exposed to Bitcoin and become Bitcoiners, the actual exposure would only corrupt their minds. The exact words in the news are:
Quote
Others will reportedly get exposed to the Bitcoin Satoshi Vision (BSV) ecosystem.
Personally, I would say that this is a good initiative but I would conclude that it is an early sign to adopt bitcoin. Never. I know the government. What I think is that, this is definitely going to have a ripple effect on the trainees as it may lead some of them to be curious about bitcoin but it can never be the government doing so for bitcoin. They are selfish and would rather focus on resurrecting their failing Enaira.
We might not know the secret reason for this blockchain training program, but this is indeed a miracle. A government that has always crucified the crypto space linking the industry to all sorts of criminal activities. Bitcoin has been blamed for money laundering, ransom payments, and even the loss of value of the Nigerian currency the Naira. The Central Bank has backed all forms of propaganda and falsehood to discredit bitcoin. But it seems that they have come to realize that the future of Nigeria is the youths and bitcoin and Nigerian youths have become inseparable close allies. Now they are gradually waking up from their slumber. The training program might not be the best but it is indeed a starting point for better days ahead.
Early ours on Saturday, 5th November, 2022 Nigerian Government announcement from it National Radio Broadcast that the government is willing to train about over 30,000 Nigerians in blockchain, specifically Bitcoin. The government is planning Nigeria to be the number one play in the crypto space in Africa. Some of the trainees who will complete the training, will have chanced to be in the London incubation programme while others will be giving the opportunity to become Bitcoiners as Satoshi's vision of the currency.
And the government is inviting the citizens to take this opportunity and expose themselves in the new technological revolution.
Report: Over 30,000 Nigerians to Learn About Blockchain From Government Agency
Adoption of Bitcoin by some government can be tricky and what must governemnt always support the most is blockchain and most of them always sees Bitcoin as an enemy of the state.And the government is inviting the citizens to take this opportunity and expose themselves in the new technological revolution.
Report: Over 30,000 Nigerians to Learn About Blockchain From Government Agency
It is hard to believe that the government that bans their monetary payment system and local banks from handling crypto-related transactions.
I will advise you to wait a little longer before you can be sure they are really serious about it.
Personally, I would say that this is a good initiative but I would conclude that it is an early sign to adopt bitcoin. Never. I know the government. What I think is that, this is definitely going to have a ripple effect on the trainees as it may lead some of them to be curious about bitcoin but it can never be the government doing so for bitcoin. They are selfish and would rather focus on resurrecting their failing Enaira.
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