Quote from: igehhh on Today at 09:40:50 PM

Prior to this, Charles-Tim was posting on this thread up to 30 posts per month while his campaign did not count posts from local boards. If you've noticed, he doesn't engage in politics, he only responds to discussions on this thread that are related to cryptocurrency. Quality is what we require, not quantity.

My posts per week have reduced and it would be a stress on my side if I continue to focus on local board, the reason I only just focus on general boards.

I always prefer to discuss more on bitcoin and economy, like what is happening in Nigeria presently about CBN cashless policy, the current state of bitcoin adoption in Nigeria and the likes. There was even a topic that came my mind few months ago, that why many exchanges are located in Seychelles (a country in Eastern Africa). Huobi Global, OKX, Kucoin, Polonix, DigiFinex and many other exchanges are located in Seychelles, while no recognized one located it in Nigeria.

Quote from: igehhh on Today at 09:40:50 PM

Nigeria has lagged behind the rest of the world in implementing cashless policies, which is why our Naira has been losing value because there was an excess of money in circulation.

Money printing with higher economic output will not result to inflation. Nigeria has the highest GDP in Africa but if compared to our population, it is low. We can do better than that, but we are not because we depend more on imports. In this modern world, another example are the foreign exchanges we depend on, if there are exchanges in Nigeria, there would be increased employment and more taxes to the government.

Because of the primary reason (low production) that causes inflation, CBN tries other ways to prevent it, like this new cashless policy and credit card monthly international spending which he reduced like 2 years ago from over $3000 monthly or so, to $100.

Nigeria leaders needs to know that the problem starts from low production that leads to unemployment and reduced economic output.

About money printing, if we focus on spending using online transactions, that means the money printing is online, there is no much differences. But online transactions is not anonymous, which will reduce manipulations from citizens, which can lead to lesser naira devaluation and lesser terrorism.