Quote from: Su-asa on May 11, 2024, 10:26:16 AM

Quote from: AVE5 on May 11, 2024, 09:51:05 AM

I think this is the weak point where the government caught us captive, they understood that there are over emphasized illiterates in our society and the government are been adamant to structure an educative and civilized society atleast that it could impact to enhance human human resources and infrastructures.
This has in time made me felt like the governments are benefiting from the illiterate being of the people knowing that they do not know the DOs and the DON'Ts and how they can be audible to be defendant.
So if major of the masses in our society has adopted bitcoin or even having a reliable knowledge about it, I don't think if the government would had gone so far opposing the peoples wills over cryptocurrencies.

It's definitely uneasy but how can we as citizens educates ourselves virally because while hoping on the government for our wellbeings, things would keep going astray.
Is there a measure to conquer this government with our decisions over cryptocurrencies? Let's share some thoughts though it could be tough or even impossible. But no offence in trial and bringing of ideals.

You have a points. As a matter of fact, this government doesn't care if you are an illustrate or literate on crypto currency, what they are scared of is what is not scared of them. However Nigerian government is not the only government that doesn't accept crypto currency (let's say Bitcoin in numbers 1) because they think one day Bitcoin will take of the commercial banks just as MFB banks have taken over with their fast and reliable network service. The founder of Bitcoin didn't develop Bitcoin in a way that fiat won't be valuable in any country.
From my little knowledge I have known that the government knows a better way to use or handle the illiterates in a way that they won't be able to profit anything, and my instincts always tells me that some of the government personnel's are among the biggest crypto investors. This country is in a stage where you can't create any website and advertise crypto currency because it's against their rules, in every state, country there is always a rules and regulations, I think the best ways to be on a safe side is not to share crypto knowledge with anyone, the Internet is free and anyone can make their own research by themselves.

You have clearly made a vital point by visualizing the course of the government standing against the successfulness of Cryptocurrencies to penetrate amidst to the Utilizations of the masses.
While trying to align with the OPs conception about the government making profitablities to the level of literacies in the society, I have think it is also a good point to be revealed because if we can figure out the implications towards what the government has spread in the country with their disagreements with Bitcoin and the rest of the Cryptocurrencies and the exchange, we would understand that they are afflicting disruptive impacts in the minds of those who are at the point to adopt the Crypto currencies by fuming fear amongst them who are Intellectually weak and those who are not knowledgeable about the Crypto inventories.
So I think the government is on that high trick to disengage the masses not to massively adopted that digital Crypto system.

You @Su-asa has as well made it clear that the MFB is gradually taking over the commerical banks due to their inadequate and inconvenience services which the Micro Financial Banks has put to advancement if offering those reliable and confidential services.
If we can have a foresight, this is one of the reasons why the government is rejecting the MFB from association with the crypto transaction because they knows that the MFB offers flexibility service to facilitate on transactions.
So invariably the government is afraid that the Cryptocurrencies technology is an approach to also depress the naira under the watch of the federal government.