Post
Topic
Board Nigeria (Naija)
Re: What if the Bitcoin was in note?
by
Gormicsta
on 11/03/2024, 20:49:52 UTC
In all countries around the world there currencies are all printed in paper which is called note though there maybe countries who still use coins till now. All around the world money can be misplaced maybe from your pocket, your hand or maybe your wallet may even get lost but still some people don't feel it when their money get lost because it's not that very high in exchange like in Nigeria where we have our highest currency which happens to be 1k and many other currencies like #500, #200, #100 and others most times we misplace this money and others pick it up with joy of having what you didn't work for but in this recent economy everybody has refused to lose money as usual ( laugh ).

What if the Bitcoin was in notes and with the same value as it has now, do you think anyone would misplace it or even walk with it on the street. Eventually you see a Bitcoin note will you return it to the owner. Let's be sincere and also see it as fun.

Omo, if Bitcoin dey for note na big wahala but I won first ask one question and the question be say, na who go dey print Bitcoin note because you already know say Bitcoin dey backup by a decentralized technology meaning say e no dey regulate by any centralized authority like the normal fiat currency, wey dey regulate by government and central bank so if Bitcoin supposed to dey printed as normal note then e mean them go need to get central authority wey go dey in charge of printing and distribution of the note. That way the mean and strongest weapon wey Bitcoin get (wey be decentralization) and we know say na this thing na e make Bitcoin dey undisputed for wer other currencies dey. So if anything make Bitcoin to fall under other any centralized authority, me and know say na Canada na we go find ourselves.