Quote from: AVE5 on May 12, 2024, 11:13:56 AM

Quote from: Richbased link=topic=5496087.msg64062172#msg64062172 date=1715424849

OP I don't quite understand the illiteracy you are talking about because we have so many individuals in the country that are lettered so saying that the government is taking advantage of the illiteracy of the people in the society is a kind of making it look like the people don't have learned people who can stand to oppose the government decisions

Quote from: Richbased link=topic=5496087.msg64062172#msg64062172 date=1715424849

Regarding to your question if there is a way to counter government decisions on cryptocurrencies the answer is NO government supersedes all even if you are the most educated person in the world doesn't give you the power to oppose the government, the only time the government can be conquered is when the adoption have been accepted globally only then will the government succumb because they will literally trade with other countries and if Bitcoin becomes the adopted digital currency for international monetary trades then they will be left with no option than to also adopt it within the country.

No offense, read me again as I quote on my expression in the thread:

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

Bitcoin has really been a conducive source by which we can process our financial transactions via P2P without the exchange to fiats just to process with the local transaction. And boycotting the barriers by which the government stood as blockage against the citizens and the Crypto exchange by ingnoring using the centralized exchange but making our payments directly on the p2p on non custodial network would had been a good alternative for us but the problem lyes on the quantity of citizens being literates with the digital financial system because as much as I know, there are much more number crypto illiterates in the society which would be a majority aspect for us.

So while without getting this twisted, if you check on crypto adoption records today, you'd be found that Nigeria as a nation has contributed to a wider scalability of bitcoin adoption in the World but coming to our country on the scale of bitcoin and crypto users, you'd figure it out that there are more crypto unknowledged persons than the number of knowledgeable Crypto persons in the society.
While we or those who're acknowledged about bitcoin and the cryptocurrencies such as utilizing the digital financial technologies potentials on the p2p transaction system and also holding for assets, it has been a reliable financial system for those that're notable about the digital system but since the government has stood to inconvenience the system for those who're into it, it has become a thing of huge changes for the Crypto adoptors to cope with the system.
So if most number of Nigerians were literates such as if we've had more number crypto adoptors to say almost the masses are utilizing the crypto markets, it'd had been easier for us transacting with the digital financial technology using the p2p on a non custodial network instead of the centralized exchange where the government has power of decisions on.

There is no doubt that Nigerians have contributed to crypto adoption in the world but using the word 'wider scalability' I assume you are talking about that the rate of Nigerians involved in crypto adoption in the world but I don't know how you got to know that because I don't think that there are many famous crypto enthusiasts in the country and even if their is they are anonymous.

Yes the number of individuals in the crypto industry within the country that are aware of digital knowledge about cryptocurrency is few but it is also as a result of the fact that our government have not fully given a 'go ahead order' to crypto enthusiasts in the country so majority of us that are in the crypto world are anonymous and those who would have developed interest in crypto are scared of the decisions of the government.

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So @Richbased, I hope you get my point of view now? Literally and in the reality world of now, there are more crypto illiterates in our society who're not familiar in transacting with the cryptocurrencies than the number of Literates utilizing the financial technology.

I didn't dispute what you are saying but I still stand on the ground that the reasons are being the government didn't create an easy ground for crypto investors hence the reasons why the awareness and adoption is minimal.