Topic: If we had higher magnitude of Crypto adoptors and Literates in our society. - page 2. (Read 407 times)

E no get any how way you go conquer a seating government if you no somehow find way out your own government in place and that go be, government way go Dey liking to creating crypto encouraging policies. Obi was the presidential candidate way been Dey open to this new development but, we no been fit seat the guy. Even so, en for still get people for en cabinet way no for be pro-Bitcoin but, we believe with his extensive knowledge and the fact say, e Dey open to new development, e for put body in proper research on best means or approach to matters other than the pilot study way these current government Dey allow continue.

The one means we for carry escape this thing na to conduct our trading on Decentralized P2P networks but even that cef dey under attack. So long as you go wan swap your coin to fiat in the end, you can as well be swapping with a government ass licking agent and e go result in your fiat account being flagged.
Means around this for now na to trade with specific people way don Dey before the emergence of this anti trading policy.

If na the Bitcoin or cryptocurrency literacy matta, majority of the world today never accept crypto or no be cryptocurrency adopters. If na so, we fit say majority of the world no be Bitcoin literates but, make we no forget say, some people know but, just choose to do things traditionally than use Bitcoin.

Not so long ago, we been get Businesses, local brands for we nation way been Dey open to accepting Bitcoin as payment, most users for the forum been come up with incorporating this payment media into their businesses but, the hassles with transaction fees and others issues at the time no been dey help matters and we see say, a lot of people con dey drop am.

Plenty things really play into this and e no go take watin we dey see now to solve am all as some no dey indigenous to Nigeria but, na matta way dey occur on a large scale.
One thing I know be say, we go continue to dey build ways around certain policies as, every policy dey get loophole, na so we go dey find am until e clear.

So while without getting this twisted, if you check on crypto adoption records today, you'd be found that Nigeria as a nation has contributed to a wider scalability of bitcoin adoption in the World but coming to our country on the scale of bitcoin and crypto users, you'd figure it out that there are more crypto unknowledged persons than the number of knowledgeable Crypto persons in the society.
While we or those who're acknowledged about bitcoin and the cryptocurrencies such as utilizing the digital financial technologies potentials on the p2p transaction system and also holding for assets, it has been a reliable financial system for those that're notable about the digital system but since the government has stood to inconvenience the system for those who're into it, it has become a thing of huge changes for the Crypto adoptors to cope with the system.
So if most number of Nigerians were literates such as if we've had more number crypto adoptors to say almost the masses are utilizing the crypto markets, it'd had been easier for us transacting with the digital financial technology using the p2p on a non custodial network instead of the centralized exchange where the government has power of decisions on.

So @Richbased, I hope you get my  point of view now? Literally and in the reality world of now, there are more crypto illiterates in our society who're not familiar in transacting with the cryptocurrencies than the number of Literates utilizing the financial technology.

Di way forward for Bitcoin to de widely accepted for our country and for everywhere else in the world na through massive adoption, I no think say na based on literate or illiterate matters. We no de for closed economy wey only two or very few people de do transactions, so p2p transactions with only people wey we hold dem wallet address and wey dem hold our own no go work, because we still need to do transactions with others wey no de for our cycle.

Therefore na if many people adopt Bitcoin and get wallet addresses na im governments no go get choice but to accept Bitcoin as an acceptable currency wey di people want. Without massive adoption, no matter di level of education and understanding wey Bitcoin holders get, if e no de acceptable for most payment points, dem no fit to do anything about am. I believe say dis na di main reason wey most people wey hodl Bitcoin, na for investment purposes only, except some wey de trade am.

OP I don't quite understand the illiteracy you are talking about because we have so many individuals in the country that are lettered so saying that the government is taking advantage of the illiteracy of the people in the society is a kind of making it look like the people don't have learned people who can stand to oppose the government decisions however, you need to understand that there are some western and more developed countries that had early adopters but that doesn't mean they have power to oppose the government, government is supreme and has the highest authority so even if you are Satoshi Nakamoto, you can't tell the government what to do and what not to do.

 It is also important to note that the reason why we have a government is to take control over the affairs of a country and they always want to be a beneficiary of every projects that comes to the country but they think that cryptocurrencies like Bitcoins are decentralized such that the government cannot intrude in transactions make them feel that since it is not beneficial to them hence the reasons for the fight against cryptocurrencies forgetting to know that cryptocurrency is also a way of reducing the unemployment rate in the country because a lot of Nigerians are now into cryptocurrency and earning a living from it without being totally dependent on government.

Regarding to your question if there is a way to counter government decisions on cryptocurrencies the answer is NO government supersedes all even if you are the most educated person in the world doesn't give you the power to oppose the government, the only time the government can be conquered is when the adoption have been accepted globally only then will the government succumb because they will literally trade with other countries and if Bitcoin becomes the adopted digital currency for international monetary trades then they will be left with no option than to also adopt it within the country.

You have a points. As a matter of fact, this government doesn't care if you are an illustrate or literate on crypto currency, what they are scared of is what is not scared of them. However Nigerian government is not the only government that doesn't accept crypto currency (let's say Bitcoin in numbers 1) because they think one day Bitcoin will take of the commercial banks just as MFB banks have taken over with their fast and reliable network service. The founder of Bitcoin didn't develop Bitcoin in a way that fiat won't be valuable in any country.
From my little knowledge I have known that the government knows a better way to use or handle the illiterates in a way that they won't be able to profit anything, and my instincts always tells me that some of the government personnel's are among the biggest crypto investors. This country is in a stage where you can't create any website and advertise crypto currency because it's against their rules, in every state, country there is always a rules and regulations, I think the best ways to be on a safe side is not to share crypto knowledge with anyone, the Internet is free and anyone can make their own research by themselves.

Bitcoin has really been a conducive source by which we can process our financial transactions via P2P without the exchange to fiats just to process with the local transaction. And boycotting the barriers by which the government stood as blockage against the citizens and the Crypto exchange by ingnoring using the centralized exchange but making our payments directly on the p2p on non custodial network would had been a good alternative for us but the problem lyes on the quantity of citizens being literates with the digital financial system because as much as I know, there are much more number crypto illiterates in the society which would be a majority aspect for us.

I think this is the weak point where the government caught us captive, they understood that there are over emphasized illiterates in our society and the government are been adamant to structure an educative and civilized society atleast that it could impact to enhance human human resources and infrastructures.
This has in time made me felt like the governments are benefiting from the illiterate being of the people knowing that they do not know the DOs and the DON'Ts and how they can be audible to be defendant.
So if major of the masses in our society has adopted bitcoin or even having a reliable knowledge about it, I don't think if the government would had gone so far opposing the peoples wills over cryptocurrencies.

It's definitely uneasy but how can we as citizens educates ourselves virally because while hoping on the government for our wellbeings, things would keep going astray.
Is there a measure to conquer this government with our decisions over cryptocurrencies? Let's share some thoughts though it could be tough or even impossible. But no offence in trial and bringing of ideals.