Post
Topic
Board Economics
Re: Government always hides productive truths from the masses
by
Zaguru12
on 14/05/2024, 21:02:28 UTC
Believe me if there were ways for government to have a total dominance of bitcoin they could had done it long ago and currently bitcoin seems to be threat to them because they can't have full control over it and are looking for way to narrow people down towards the full adoption of cryptocurrency. I can still remember how Nigerian Government are fighting seriously to make sure to eliminate most of the p2p platform that enable the trade of NGN saying those platform are the causes of NGN/$ manipulation causing the sudden surge of price, saying the economy is dying. I was like how could a dying economy focuses their problems to exchange instead of the government to sit up and work out the economy of the country yet they are looking for whom to apportioned the blame.

Definitely they have tried everything to control it but couldn’t succeed so right now some of the countries government are bent on reducing the adoption rate and thereby banning its activities. This method to me just like the Nigeria government restricting P2P is simply a waste of time and resources. They can just simply regulate the exchanges to even get something off this.

As for Nigeria government tagging crypto P2P manipulating the Naira currency I would say they are just looking for a thing to blame and nothing more. They should just focus on how to grow the economy through producing goods and exporting them