Quote from: un_rank on April 29, 2022, 07:40:46 PM

while in the second Bitcoin is not accepted by the government and actually is banned in bank transactions. This goes to show that the while government acceptance helps to make citizens more receptive of Bitcoin, the citizens can choose to adopt it regardless.

Did you mean Nigeria? Bitcoin is not banned by government in Nigeria, it is only banned by their central bank. Nigerian government are not saying anything about bitcoin, this is the reason their central bank have such power which can be overridden by the government power if they pass a bill in favour of bitcoin.

Quote from: Kakmakr on April 29, 2022, 08:27:10 PM

It is also not strange that the Nigerians are very curious about this technology, because Nigeria are perceived as the "Scam Capitol" of the world. We know Bitcoin's pseudo anonymity provide some hiding place for criminal activities, so some of these people are actively looking for a payment method that cannot be traced. Roll Eyes

If Nigeria is not existing in the world, that does not eliminate scam and other criminal activities, perhaps the level of scam activities in countries like US and other developed countries is also high. Ransomware attack is never rampant in Africa unlike in continents like Asia and Americas. Criminal activities differs and can be rampant in one country or continent than another. The more there are people existing in the world, the more there will be scam and other criminal activities. The best approach is to know how to avoid scam.

If you want to know more about crypto scam report, you can read the 2022 Chainanalysis crypto scam report and see how you cannot centralized it only on a single country.

Quote from: Welsh on April 29, 2022, 09:51:49 PM

Before clicking on this thread, I was expecting countries from Africa to rank pretty highly not only because its banned in some of those areas, but for me Bitcoin is the best opportunity to escape corruption, as well as the rat race of earning pennies, while in the long run those earnings being mitigated by rising inflation.

This is the reason people in Africa do not save money in their fiat, if I should be truthful about this as it is happening in real life, Africans like cryptocurrencies like bitcoin and also ones like USDT and some other stable coins (stable coins like USDT can be frozen even on noncustododial wallet, it is not a good coin because it is centralized). African that know about cryptocurrencies like it because they prefer currencies like dollar, euro and pound because it is a hedge for them against inflation, they can easily access it than going to bank to open a domiciliary account. Dollar, euro and pound face inflation too, but inflation is worst in Africa and they see the developed nations fiat as a hedge against the inflation in their country while they buy stable coins as they are pegged with currencies like dollar. The reason they like bitcoin also, especially during bull market year.