Post
Topic
Board Nigeria (Naija)
Re: Central Bank of Nigeria's actions led to increase in crypto activities.
by
Charles-Tim
on 07/08/2021, 05:23:01 UTC
Nobody should believe anything wey this yeye country dey talk about e-naira oo na just avenue to carry collect money put for pocket then abandon the project.
You mean say the country (Nigeria) no go lauch any CBDC, I no go against your opinion because the country no get bearing, any disappointment can happen. I still dey think how the country go lauch CBDC before the end of this year, 2021. I no go believe until it is done.

If we sabi whatsup na to ignore de rubbish wey CBN dey wan launch dey call am digital currency. dem dey just find way wey dey go fit dey monitor our money since dem see say we no wan let the whole crypto thing just die like dat.
Me no get issue with CBDC because e go dey almost similar to Fiat if privacy is the case. It is just like what is for Ceacer na still for Caeser. If we dey use Fiat, I no see CBDC different, but na we sabi say decentralized currencies (most especially Bitcoin) will give privacy, CBDC can not. Also, CBDC is inflationary, subjected to devaluation while Bitcoin is deflationary. But that no mean I can not have little amount of money in CBDC which go be only for spendings and nothing more, anything related to Nigeria currency can wreck someone's if kept for over long time.