Post
Topic
Board Nigeria (Naija)
Re: Just Thinking out Loud: How Strong Do You Believe In Blockchain and crypto
by
Ishicryptic
on 06/09/2024, 09:47:20 UTC
We have seen how and where the governments are heading with how they are treating cryptocurrency exchanges. If this industry could make a living for the youths and our leaders a clamping down on it for whatever reasons they may have and we can see that it where technology is heading, what do you think will become of it in the future, won't they ban it totally? And people who are moderators and crypto ambassadors, tech guys developers, how will they survive, can people coming behind still make crypto a career.
Bitcoin and the Blockchain technology are globalized and decentralized so any negative decisions that the Nigerian government might take against it will only have effect in the country, it won't disturb people in other countries. We should understand that government can regulate crypto transactions in exchanges and through Banks but p2p transactions between two parties remains decentralized and they will enjoy privacy and freedom in their transactions. These are the strong reasons like I mentioned why Bitcoin and Blockchain technology can not be taken away from Bitcoin holders by any government. A total crypto ban in Nigeria, will affect cryptocurrency transactions through exchanges like trading, but I sincerely hope that it will not escalate to that extent where there will be total ban on cryptocurrency in Nigeria.