Topic: Naija Novice Hangout {Newbies introduction & Orientation} Thread. - page 161. (Read 1250499 times)

Regulation of bitcoin and other cryptocurrencies

I am taking this as fun to know people's opinion about cryptocurrencies in Nigeria, weather it should be regulated or not. CBN do not look for ways to make the government to benefit from crypto transactions by regulating it, instead, they just like to follow China and come up with anti-bitcoin criticism which is not exceptional in fiat as fiat are mostly used in illegal activities out of all the money existing today.

If cryptocurrencies are regulated, the government may draw out means of tax deduction which all the centralized cryptocurrency exchanges will have no option than to comply with, it can even get to the extent of Nigeria demanding for each exchanges to have a branch in Nigeria in a way the government will look for more ways for the exchanges to have no option than to comply.

Cryptocurrencies are not regulated in Nigria, the CBN banned crypto transactions which is deemed and actually an implicit ban. The government are not benefiting from crypto tax and we Nigerians see that as a benefit. But, if we check the other side, the CBN ban had gone far to the extent that make some Nigerians not to make use of bitcoin and other cryptocurrencies, there could have been many rise of crypto organizations in Nigeria, there could have more crypto industry development in Nigeria which can be impactful to our economy, but the ban is making all these progress not possible.

With the pros and cons of crypto regulation, will you go for the government to totally be friendly with cryptocurrencies so that it will later be regulated or you are fine with this recent implicit ban?

We are delighted to have you here. I went through your post history and noticed that you are following the forum rules, which is the most important thing to do if you are going to remain here for a long time. I also saw that 33% of your posts are in Politics and Society, which leads me to believe that you are really interested in politics. Lol. That board is full of people who don't care about the merit system, so putting more emphasis on it would hold you down, unless you don't care about ranking higher.

We are always available to assist you and guide you through the world of bitcoin if you have any questions, and secondly, always do business with a reputable member of this board, never trust anyone, and always DYOR.

Thanks@ Charles-Tem for your observation, corrections, and information I really appreciate and promise to keep improving thereby doing the necessary things required of me. I have gone through the links and I have gotten more knowledge.

For you to sabi this kind things mean say you sabi Nigerian Football League. No forget to follow the link above go contribute for the thread.

Then as Charles-Tim advice, avoid to drop post after post when another person never talk, instead you go use quote reply everybody at the same time .

Welcome to the forum, as BIT-BENDER talk, please no fall our hands, do your best and no stop to the learn everytime you login for this forum.
Abeg, try read this link wey Charles-Tim drop for you, e dey important, e go guide you very well.
Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ

Username: Agbe
Gender: Male
Country and state of resident: Nigeria/Bayelsa
Skills: professional Teacher, Political Analyst, Short Story writer, Joker and computer Engineer

I have been in this forum for about 3 months and some weeks but I didn't know that this group is here, I saw it in one of my posts that someone made a comment and referred me to this group. I am very happy to be here.

The experience I have gotten so far is very nice. Mostly in the area of plagiarism. I hope I have learned a lot from this forum. It will even help me in my academy.

Thank you@BIT-BENDER. I am reading and learning as fast as I could I believe with time I will get more information and knowledge about all that is happening here and I will always try to abide by the rules.

You are welcome. We do not have our own (local thread/board) rules yet, reading this main forum rules into details will be of help and also check the merit and activity system. Do not spam, do not plagiarize, this forum do not condone low quality posts. But here is fun if you follow up appropriately.

Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ
Merit & new rank requirements

You first have three consecutive posts on this local thread, consecutive posts are forbidden, the reason your posts were merged. You may find it difficult to quote, you can follow this illustration:

Press on quote on the post of the person you want to quote, copy the content you want to quote, delete the whole quote and paste the one you copied, or just edit the quote.

Baba, you for still reason the format in table form as you see am for op as you quote to introduce yourself. Na to make am easy. I welcome you anyhow as e bi. Make you follow wetih the rest of us they do and stay out of issues weh fit nack you down here.



You no lie at all at all. Nothing weh deh excite person to watch our local league. How many of the matches self weh them deh televise self. Too many bribery weh full the league no go make them show matches every time weh teams deh play. The pitches na story for another day. Anyhow sha i go try begin reason them now.

Welcome @Gift into the forum well I prayed for more business for you, too bad use a Tesla lol. I would have patronized you. That said I believe say you don't try Sabi wetin this forum be if you never read up or ask questions I suggest you do so. This forum no come play so u urge you to always dey focused try to be active read up more no fear critics, learn from them if possible and most importantly always Live by the rules

Very nice, but e nor go easy ooooo...9ja ball nor too dey gel to watch ooo, i nor know if na just me oo, but i dey like to watch ball with good quality, good sound, and good video quality plus commentary wey follow, our league sometimes (very sorry to say)  never reach like that... e dey dey somehow, nor be say good players nor dey oooo, but the packaging too poor...i hope the league improves shortly, or i suddenly pick interest and can manage it.

Welcome to this our corner, we hope say you go be another strong addition and contribution to our team, try read the rules well well, nor go fall our hand.

My name is Gifted am from Nigeria
River State to be precise I was born and brought up in Port Harcourt. As a newbie I recognize all the naija people in the house.

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Nigerian League don dey comot body small for that home team must win in all the games, so far Rivers United dom win 3 away games this season and them dom play plenty draw too from away this one alone show say them good and improvements don dey for our league too unlike before wey every home team must win in all the matches.
The area wey we need to improve well well now for our league na the medical aspect, make every team for our league get good medical facility and personnel so that them feet treat players wey get serious injuries for field make we no hear say any player die for pitch because no body to treat am when em get injury or nothing dey to use treat am.

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My name na Gifted, I be man and I dey stay for port Harcourt
I sabi everything wey concern how to buy and sell fuel for filling station and I be supervisor for one filling station right now inside port Harcourt, in case you need fuel na wey be say fuel scarcity dey everywhere, I feet be your sure plug.

[moderator's note: consecutive posts merged]

Waw the thread really make sense, I dey impress as I see d thread, but the only thing way we go dey do now be say make we dey post so that the thread go dey active, let's always try and make meaningful post on the thread, make he no come be like say the thread go dey but nobody go dey post for their, make we dey post about match fixtures and results. I no dey too follow Nigeria leagues before but now na to dey follow the league so that I go fit dey post for the thread.

Baba, wetih you share there for those links na him be news of what is going on. E deh different from speculation weh be rumour. Maybe I for call am rumour at once so you no go reason the matter go another level. People deh rumour am say e fit happen because we know as America deh behave like bully when them no get wetin them want. Na to use annoyance spoil everything them go want to do. So brother, na rumour weh deh ground be that. E fit be true and e fit no be true. But reason am say behind every rumour truth fit still deh am.

I neva know say we get politicians here o, abeg Charles-Tim mention the politicians wey dey here make we know people to hold responsible for keeping this country like this. I don tire to dey mention Buhari. I need person wey I sabi, so that I fit reach the root of the mata easily 

E go good make you fit dey drop small expo for us base on wetin we go dey discuss there. Because me no sabi shiki for Nigerian Local league o. Anyways we go try our best. Dem still dey play any home club must win? So that I go fit capitalise there make my posts.

With 20 clubs, that means each club will play 38 matches, If that is right, we still have 21 matches left, there can still be a good discussion on the thread. I will strongly advice Nigerians to post on the thread, it will help us to achieve what we have been expecting if we are active there.

In long term? Exactly.

El Salvador do not have the currency of its own, Salvadorans spend US dollars. See (a country with few population) Tonga that do not also have the local currency of its own, the country wants to make bitcoin a legal tender as well. The government of a country that has his own local currency will want to protect it and because of this may not make bitcoin a legal tender.

What Nigerians and many other peoples are most after is the store and speculative value of bitcoin, they can actually also use bitcoin for making payments but naira can be easy that way too. What is most important is for countries not to place total ban on cryptocurrencies, with this, bitcoin adoption will continue.

The thread make sense make I no lie as me no even dey send 9ja football league but na from the thread I don pick interest now and me go dey go comment for there well well, we never get that kind thread before and if we fit keep the thread active e go make sense for all of us, I see person comment on that thread and him acknowledge our number on the forum which dey show say our activities dey increase here on a positive note.

Correct this nah confirm news, now we go fit talk about we nija football matters Wella
Thanks for this, I been done wish you happy women's day for here, be like you no see am!

We now have a thread for Nigeria premier league predication and discussions.  The Nigerian premier league is way ahead but the season isn’t over yet. I hope we can make the thread ours with interesting discussions and club rivalry.
https://bitcointalksearch.org/topic/m.59476200

See the issue of inflation na global problem and even the strongest currency is still highly inflated, since global meltdown start no country economy have been able to totally be free from inflation and if you see well the countries were don see far are trying to embrace thing we're fit make them survive over inflation things like Bitcoin, that na why you see US dey try make policy on digital assent and Biden administration dey try look closely to how their fit regulate cryptocurrency. And 4 me El Salvador na one of the country were get the smartest leader because they president don see say with the dollar the rate of inflation go only dey increase so him quickly embrace waiten go give the country advantage and a head over inflation I call Bitcoin anti-inflation asset.

This is the speculation on ground:

Biden to sign executive order on crypto, authorize all-government effort to consolidate regulation
Crypto-related stocks jump in positive reaction to executive order

About EU, I have never read anything about banning cryptocurrencies as well. Read from the right source than many unrecommended sites.

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Naira value always depreciating

Do we people noticed the 7.5% inflation in US, it was all over news some weeks ago, US dollar purchasing power was reduced. If other foreign currencies are constant (which is not possible though), this will result to US dollar to depreciate against other foreign currencies (like our local currency, naira). But what I have been noticing is that US dollar which was around ₦565 in parallel market increased around the time to ₦575.

I still wonder how some people are seeing it convenient for them to store naira in bank for years on fixed deposit, and how some people will make use of the savings on banks like Kuda, naira is also depreciating in value. The reason we should hold using bitcoin or any other reputed cryptocurrencies.