Post
Topic
Board Nigeria (Naija)
Re: Nigerian activist receives local support in legal fight to use crypto
by
CryptoHeadlineNews
on 14/08/2024, 07:37:17 UTC
I think we should leave this because we all know already how naira and other fiat are used by terrorists, bandits, and by those that wants to collect ransom after they abducted someone. We also know already that even if the fiat is bad in the society, the government will still continue to make it a legal tender because they only see the usefulness.
He is actually right on the statement he made above, and even the government knows it, but the main reason why our Nigerian government is fighting crypto seriously is simply because it can't be controlled, whereas the other vices mentioned above are secondary allegations (i.e as an aid to terrorism, banditry and kidnapping), because even before the existence of Bitcoin in in 2009, these vices have already been in existence, of which fiat, gold and other valuable natural resources has always been a medium of exchange or means of funding to this.
I just wished we could have more people of this to speak about the true right of Bitcoin, and how positively, it has affected the lives of the young Nigerian youths.