Post
Topic
Board Nigeria (Naija)
Re: If we had higher magnitude of Crypto adoptors and Literates in our society.
by
CryptopreneurBrainboss
on 15/05/2024, 16:05:13 UTC
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.

Na we do ourselves for this country, when Bitcoin came into Nigeria, e no start with all this centralized exchanges. Na we use our hand kill decentralization for the country come dey welcome centralization. The way we promoted Binance exchange and their P2P system killed other developments and now wey the government dun attack them, e go take time before we fit fix up something very fast. Normally e no supposed hard to run a decentralized P2P exchange even though wetin go dey their na BTC/Naira trading pair only or any stablecoin then we go need trade our crypto for regular exchange to either stablecoin or BTC before we trade for the DEX wey go get escrow to avoid scamming because without that, boys go use people shine for that P2P.l site.

Quote
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.

Lets go decentralized, make we abandon anything wey get to do with centralized because the governments can always come after them. If no be Binance wey stand strong by now the government for dun get details of people wey dey trade from the exchange but dem no fit do that one with decentralized exchange and wallets. If you no dey use non custodial wallets today start now before it's too late because after the governments succeed for this one wey dem dey do, dem fit do another one just to crack down on cryptocurrency entirely.