My passion for Bitcoin and Bitcointalk led me to host a Bitcoin Live session at the radio station where I work on September 1st, the first Ember month of 2022. I am a radio presenter, and I anchor night rides, entertainment talks about politics, movies, and current issues in the country, and I also pick calls sessions where listeners call in and ask questions or answer questions when asked, and I sometimes do giveaways to encourage more people to join the session.
Bitcoin has gotten a lot of attention over the years, but many people still don't understand the basics of Bitcoin and crypto in general. Since joining this forum, I've been conducting research, and whenever groups of young talented adults discuss crypto, the arguments they present sometimes differ from what I'm learning.
Our parents have always wondered what Bitcoin is and why the youths see it as a new dimension of niche, while others believe it is a Ponzi scheme that will one day run away with people's money, just as they have suffered at the hands of previous Ponzi schemes such as MMM and Racksterli, which have gup down people's millions.
I sat down and thought about what I could do to educate our community about Bitcoin so that people would not be afraid of it and how they could learn more about it. I discussed it with my Managing Director, who was pleased with the idea, and I drafted out how I will be discussing Bitcoin with the locals.
The draft of my Bitcoin Discussion.
This was the discussion topic I drafted, and it was approved by the manager the day before I went live. He's heard of bitcoin, and to persuade him further, I set up a wallet for him just to prove what I'm proposing is real, and I'm glad he accepted. He cautioned me not to delve too deeply into Bitcoin as an alternative form of payment because he does not want our radio station to be shut down by the government or to irritate top officials. However, I did a small amount because the truth about bitcoin needs to be heard.
When I was on the air at the radio station, I was talking about my table of contents during the evening session.
Some images I took during my presentation in the studio with the help of my partner, who is more into music and DJing; he had to allow me to do bitcoin discussion alone after we had the parental guide session. He also knows a little about bitcoin and already has an account with some exchanges such as Binance and Quidax. He stayed and listened the entire time at the other end. I didn't include his pictures due to privacy reasons.
Following the discussion of my draft, we received one-on-one calls from the parents and youths. They called, and I asked their names, allowing them to ask any bitcoin-related questions they had, and I noted some of them:
QUESTIONS FROM THE PARENTS- Is Bitcoin secured and how do you earn from it?
ANSWER: Bitcoin was the first coin created, and it has never been hacked in terms of security, it is highly secure. It is a peer-to-peer network that is heavily defended by trusted people from around the world, and a single person cannot successfully attack the network. Its network has been operational for over ten years and is still functioning properly. In fact, it is growing on a daily basis because the network hash rate has reached an all-time high, implying that more people are flocking to protect the bitcoin network.
Bitcoin could be earned when it was still in its early stages but now, you can only earn as a miner, but you can buy a small amount and hold it.
- Is Bitcoin only for young people?ANSWER: Bitcoin is for everyone; you can buy it and give it to anyone you want, and you can buy it as a special gift for your old people and children and keep it for them until they reach the age of maturity.
- Can someone manage it for you (since they are always kind of busy)No, don't give anyone access to your bitcoin. Take bitcoin and handle it as carefully as you would your debit card pin; bitcoin should be treated as if it were a secret you were taking to the grave.
- Asked about the legality of BitcoinBitcoin is not yet legal in the country, nor is it illegal; however, due to political nepotism, banks have been prohibited from enabling bitcoin transactions. I advise them to use peer-to-peer because it is the only way to buy bitcoin right now.
QUESTIONS ASKED BY YOUTHS -what is the least amount you can start with? ANSWER: You can buy bitcoin of any amount but some p2p recommends a minimum of $10 which is around #7,000
-what are the advantages of being on bitcointalk and how to be a member? ANSWER: Bitcointalk is just like any other forum, like Nairaland (Nigeria's largest forum), where you can learn more about bitcoin, ask questions about bitcoin, and get answers to questions you don't understand. You also meet people from other countries, and there are Nigerians who participate in the forum.
- Differences between wallet and exchange. ANSWER: An exchange is a place where you people trade, you can buy and sell bitcoin there but don't store your bitcoin on exchanges. Always hold your bitcoin on a personal wallet and make sure you have the private key well protected from the public.
Many questions were raised, but time was limited; however, I told them a free class will be held soon for those who are interested.