Quote from: Bushdark on November 11, 2023, 07:44:13 PM

Quote from: Makus on November 11, 2023, 04:02:15 PM

Quote from: DaNNy001 on November 11, 2023, 03:00:55 PM

Ah! I think you are talking about the story of the great serpent that actually swallow money, it's now become a famous folktale among citizens of the nation but I think the view to which am pointing at when I made reference to the government being stingy is that the fact that with cryptocurrency the challenge of third party involvement is cancelled out and people will no longer rely on the CBN for their income regulation of which posses a treat to the system because the government cut all sort of taxes and manover the rate of citizen income.

Yes I am, and I think that is the dumbest story I had heard so far in my life coming from the government official, its so childish and stupid thinking anyone would buy that story, I don't know what they take we the citizens for. Any way let bygone be bygones, even if crypto was accepted in a country by the government, they could still choose to pay their workers using their fiat currency, and from there their taxes can still be extracted. Besides, not every one is into crypto so its not like the use of their fiat currency will depreciate to zero, they can still make some constitution that all government worker should be paid with fiat, then what happens there after is non of their business. I just hope they'll remove the restriction and see how their economy will improve.

The government can only create laws to halt people especially traders and investors from investing in the crypto market but that would never stop the flow. We still have the option to go for what we want and how we want it. The government might be pushing for penalty for people that would break a particular law that is restricting people from making any form of investment with severe sanctions but that would never stop us. Cryptocurrency is an investment of choice and it is mostly decentralized without the permission of any government officials to determine when we are buying or selling cryptocurrency.

It was developed outside the government radar and it grows up to now, maybe yes, government can implement rules and regulation but the continuation will continue to depends from how people will support the project, I also agree that due to the decentralization this venue of investment will continue and will grow for more.

Whatever the government will try to avoid the investors and supproters will always find ways to continue.