Topic: Why does telegram p2e platforms thrive in Nigeria despite crypto ban? (Read 169 times)
October 05, 2024, 06:57:52 PM
Tge citizens are hungry. They are looking for the tiniest way out to make money to eat. Nigerians re not hungry despite the fact that we like to talk big and live large, there is a lack of opportunities for people thrive and that is we turn to other legitimate means to make money to fulfil out basic needs. This is why Telegram p2e thrives and believe me if any other legitimate means comes out too Nigerians will adopt it. The government has failed the people normally this is abnormal but the abnormal has become the normal and those who castigate this means don't understand. I'd you nor wan do not be by force. Live people wey wan do make Dem do am in peace.
October 05, 2024, 06:00:56 PM
SP. My forum... I great you special. How u dey? By di way, I done talk am before say no be today I been dey hear dis airdrop a thing but him been no dey like this because things been dey good for everyone to do and eat but has things come bad reach dis level, nai everyone come dey put head to tap so dat dem go get money to chop. And another thing again, Op Nigeria government e no ban crypto but dem dey try to regulate am but dem no sabi do am. And dem come say na crypto exchanges nai dey make di naira dey depreciating and now dat exchange no dey manipulate di naira, nai naira dey climb iroko tree like tomorrow mo dey. Dis government e no get anything in the country. I no blame Tinubu but those who collected money from him and voted him. And I strongly believe dat him go win second tenure with money.
October 05, 2024, 04:51:01 PM
Nobody won hear say him neighbor cashout and him no cashout. Na the same way mmm and ultimate cycler reign till them jakpa with people money na so P2E games go reign till them cast.
Naija too like to participate in wetin dey reign and we dey hardly learn lessons. After Dogs pay na so small small projects don come out like, BabyDogs, ShibaDogs, plenty of them. Na small children go still fall victim of these scam untill them wise. October 05, 2024, 03:01:20 PM
What are your thoughts on this?
Most P2E games are done on telegram which is actually not a centralized point, it's probably done on a social media platform which I think it's kinda hard for government to hinder it. Secondly, it's already crypto in general and government regulations was on bank to crypto relationship restrictions. Nobody won hear say him neighbor cashout and him no cashout. Na the same way mmm and ultimate cycler reign till them jakpa with people money na so P2E games go reign till them cast.
Naija too like to participate in wetin dey reign and we dey hardly learn lessons. After Dogs pay na so small small projects don come out like, BabyDogs, ShibaDogs, plenty of them. Na small children go still fall victim of these scam untill them wise. October 05, 2024, 02:31:44 PM
Play to earn games dey popular because say na “free money” and Nigerians no dey use ear hear osho free. An average Nigerian na hustler and we no dey like miss opportunity. Weda the thing dey too good to be true no concern us, wetin we dey after na say the thing fit pay. Nobody won hear say him neighbor cashout and him no cashout. Na the same way mmm and ultimate cycler reign till them jakpa with people money na so P2E games go reign till them cast.
October 05, 2024, 01:54:45 PM
Despite the country's ban on crypto currencies, the government has shown little or no interest in telegram play-to-earn platforms.
Personally I wouldn't want the government to Interven , because of the positive impact it has on our society.
Personally I wouldn't want the government to Interven , because of the positive impact it has on our society.
It may have positive impact on the society but still not on the way any crypto enthusiast will like crypto to be passed down to newly users in the space. Not everyone will continue to use crypto after this era comes to an end because of the many disappointments they’re getting from those platforms, they will assume this is how bitcoin is and will not want to partake in it for long and discourage some other people that will newly show interest in it after this era is over.
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But would you say the government ban on crypto currencies was just to target financial institutions and not individual participation?
Or maybe they government just targets larger-scale crypto activities?.
What are your thoughts on this?
Or maybe they government just targets larger-scale crypto activities?.
What are your thoughts on this?
The government is not against crypto entirely and their fight is direct towards naira depreciation which they feel was caused by crypto and this can only be manipulated by big firms or entity and not individuals or group of small people that hold little to no crypto that will affect the price of it in the parallel market. The government knows about this telegram games and how Nigerians are rushing it, but since it does now have effect on them, they don’t mind about it or scrutinize those engaging in it. They know we’re their fight is directed and will do what is beneficial for them always.
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October 05, 2024, 04:37:48 AM
But would you say the government ban on crypto currencies was just to target financial institutions and not individual participation?
Or maybe they government just targets larger-scale crypto activities?.
What are your thoughts on this?
Or maybe they government just targets larger-scale crypto activities?.
What are your thoughts on this?
Play to earn they thrive because they depend on referrals and we Nigerian we sabi that business well. The success of previous ones are also driving in more participants in the newly launched ones. The government no get problem with cryptocurrency but na the trading of the Naira wey them get problem against and that's what they'e fighting and not crypto. Crypto isn't ban in Nigerian (you fit say it's shadow banned though because of the hostile environment the government has provided for crypto). The government targets are at large scale activities as that influence the market more than the small scale activities. There were big firms and institutions that were manipulating the price of the Naira but still, the government handled the problem wrongly.
October 04, 2024, 04:59:08 PM
But would you say the government ban on crypto currencies was just to target financial institutions and not individual participation?
Or maybe they government just targets larger-scale crypto activities?.
What are your thoughts on this?
As regards the part of keeping anyone who knows how to play such games busy, it is also a positive way to eke at some earnings in ones spare time and it is a good diversion from regular trading or HODLing that has become so common for oldies, still a dream for newbies and a competition for government financial institutions and their agencies.
October 04, 2024, 02:59:25 PM
Despite the country's ban on crypto currencies, the government has shown little or no interest in telegram play-to-earn platforms.
Personally I wouldn't want the government to Interven , because of the positive impact it has on our society.
But would you say the government ban on crypto currencies was just to target financial institutions and not individual participation?
Or maybe they government just targets larger-scale crypto activities?.
What are your thoughts on this?
Personally I wouldn't want the government to Interven , because of the positive impact it has on our society.
But would you say the government ban on crypto currencies was just to target financial institutions and not individual participation?
Or maybe they government just targets larger-scale crypto activities?.
What are your thoughts on this?
Crypto is one the honest way to earn due to airdrops projects teams use to make awareness and since the Nigerian govern has failed to provide jobs for the common people, what do you want them to do, you want them to lose those opportunities and they walk around the streets carrying gun and do fraud for a living when they can honestly make money from crypto, even the government knows they can't take crypto away from the people's hope.
Another thing I will like you to know is that your senetors are into crypto. They embezzle your tax money and use it to play crypto and the abandoned your project, leave t uh e country and refused accountability for the projects they were paid to do. Even the lawmakers and law enforcement are doing crypto so who will now leave crypto for who? The ban is just on the surface and not underground, so earn while crypto is cheap and easy to start.
October 04, 2024, 12:58:57 PM
The government is benefiting from cryptocurrencies, so it does not plan to ban them. Their main aim was to target those who partake in p2p, claiming that they are the cause of the naira's depreciation so badly. We all know that they are lying. They know the main cause of the naira's depreciation, but they want a part of these exchanges' success since they have a large number of Nigerian users patronizing them daily.
If the government wants to attack these telegram play-to-earn games, they have to go through telegram directly. And if that persists telegram will officially ban or restrict all Nigerian accounts.
There is no good thing coming our of the Telegram games so the government cannot waste their time on something that is not beneficial.
If the government wants to attack these telegram play-to-earn games, they have to go through telegram directly. And if that persists telegram will officially ban or restrict all Nigerian accounts.
There is no good thing coming our of the Telegram games so the government cannot waste their time on something that is not beneficial.
October 04, 2024, 09:37:51 AM
Despite the country's ban on crypto currencies, the government has shown little or no interest in telegram play-to-earn platforms.
Personally I wouldn't want the government to Interven , because of the positive impact it has on our society.
But would you say the government ban on crypto currencies was just to target financial institutions and not individual participation?
Or maybe they government just targets larger-scale crypto activities?.
What are your thoughts on this?
The ban was mostly aimed at gaining control over crypto activities generally and possibly have some absolute regulatory authority over crypto activities but when all of this couldn't be achieved, they had to proceed to place a total ban on it, so it's not mainly targeted at individuals to the best of my knowledge, I don't know if there are other motives we are generally not aware of but this was what was made public.Personally I wouldn't want the government to Interven , because of the positive impact it has on our society.
But would you say the government ban on crypto currencies was just to target financial institutions and not individual participation?
Or maybe they government just targets larger-scale crypto activities?.
What are your thoughts on this?
If to say government put eye, maybe all the hamster CEOs wey dem call all of una, some persons for no see shi shi (hahahaha), but as dem no really put hand some pipo don dey make small changes from all of dis things dem, even if say d money no too big but at least e be like side hustle wey dey give small change but d issue be say dem no really too dey sustainable, so no be wetin u go carry mind put because some fit no work and some like hamster fit no come out the way we think say e go come out.
October 04, 2024, 09:06:40 AM
I think maybe their major concerns where about money laundering and terrorism financing, who the hell would believe that crypto could cause naira depreciation?
He talked about how phone got so costly in Nigeria and how P2P on Binance has been the cause. But which is a lie. October 04, 2024, 02:43:58 AM
But would you say the government ban on crypto currencies was just to target financial institutions and not individual participation?
They lied that cryptocurrencies (P2P exchanges where Nigerians are exchanging naira to crypto to be precise) are the cause of naira depreciation.
.
Crypto is not banned; only crypto bank transactions are restricted, not completely banned. Know the difference. Every day, crypto exchanges advertise on our local television; if crypto was banned, crypto-related advertisements would also be banned.
The NG Govemment are on a quest to regulating these crypto exchanges just like other countries, the only difference is our approach. Feeling entitled isn't the best move.
They really need to approach this quite differently.
October 04, 2024, 02:28:52 AM
I think maybe their major concerns where about money laundering and terrorism financing, who the hell would believe that crypto could cause naira depreciation?
I watched a guy that do review phones, computers and some other devices who lives in Nigeria. He is one of the best phone reviewers among them in Nigeria. According to what he talked about in one of his review, I noticed that people can easily be convinced. He talked about how phone got so costly in Nigeria and how P2P on Binance has been the cause. But which is a lie. 
October 04, 2024, 01:59:29 AM
But would you say the government ban on crypto currencies was just to target financial institutions and not individual participation?
They lied that cryptocurrencies (P2P exchanges where Nigerians are exchanging naira to crypto to be precise) are the cause of naira depreciation.
.
Crypto is not banned; only crypto bank transactions are restricted, not completely banned. Know the difference. Every day, crypto exchanges advertise on our local television; if crypto was banned, crypto-related advertisements would also be banned.
The NG Govemment are on a quest to regulating these crypto exchanges just like other countries, the only difference is our approach. Feeling entitled isn't the best move.
October 04, 2024, 12:45:20 AM
But would you say the government ban on crypto currencies was just to target financial institutions and not individual participation?
They lied that cryptocurrencies (P2P exchanges where Nigerians are exchanging naira to crypto to be precise) are the cause of naira depreciation.
.
October 03, 2024, 06:18:07 PM
Despite the country's ban on crypto currencies, the government has shown little or no interest in telegram play-to-earn platforms.
Personally I wouldn't want the government to Interven , because of the positive impact it has on our society.
But would you say the government ban on crypto currencies was just to target financial institutions and not individual participation?
Or maybe they government just targets larger-scale crypto activities?.
What are your thoughts on this?
To add up to what Charles-Tim said. We know telegram aren't control by our Government neither do they have any access to telegram to know what is really happening there, in telegram without you having the sole link to the group you wouldn't know or have access to the particular group or community where the p2p trade is going, unlike centralized exchange where you would make account pass kyc and began to access the p2p feature it makes it too open and vulnerable to attack. That is why today our government keeps attacking cryptocurrency exchange especially that of Binance and to their detained staff in their custody. Personally I wouldn't want the government to Interven , because of the positive impact it has on our society.
But would you say the government ban on crypto currencies was just to target financial institutions and not individual participation?
Or maybe they government just targets larger-scale crypto activities?.
What are your thoughts on this?
October 03, 2024, 05:37:56 PM
But would you say the government ban on crypto currencies was just to target financial institutions and not individual participation?
They lied that cryptocurrencies (P2P exchanges where Nigerians are exchanging naira to crypto to be precise) are the cause of naira depreciation.
The government targeted the P2P exchanges.
Some exchanges still have the P2P services till now and Nigerians are using them.
The government are like this because they do not want what they think is causing naira depreciation to continue to cause it. They do not target cryptocurrencies directly.
If Nigeria ban cryptocurrencies, sites like Telegram will not allow Nigerians to open crypto wallet.
October 03, 2024, 05:24:07 PM
The truth remains that Crypto is not ban in Nigeria. so you might want to make more research before you conclude. there is no legal rule against bitcoin in Nigeria but we only face a little bit of restrictions here and there in our financial activities using bitcoin or cryptocurrency generally.
The P2E Telegram platforms you are taking about is not even up to the standards of platforms that Nigerian government have been battling over the years now. we are talking about major exchanges with billions and not even the shitcoins scams on telegram, Nigeria government has nothing to do with those P2E platforms because participants are on a voluntary risk on participating on them, so every individual takes responsibility for their participation.
The P2E Telegram platforms you are taking about is not even up to the standards of platforms that Nigerian government have been battling over the years now. we are talking about major exchanges with billions and not even the shitcoins scams on telegram, Nigeria government has nothing to do with those P2E platforms because participants are on a voluntary risk on participating on them, so every individual takes responsibility for their participation.
October 03, 2024, 05:20:26 PM
Despite the country's ban on crypto currencies, the government has shown little or no interest in telegram play-to-earn platforms.
Personally I wouldn't want the government to Interven , because of the positive impact it has on our society.
But would you say the government ban on crypto currencies was just to target financial institutions and not individual participation?
Or maybe they government just targets larger-scale crypto activities?.
What are your thoughts on this?
Personally I wouldn't want the government to Interven , because of the positive impact it has on our society.
But would you say the government ban on crypto currencies was just to target financial institutions and not individual participation?
Or maybe they government just targets larger-scale crypto activities?.
What are your thoughts on this?
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