If there is one thing I like doing, is addressing issues/questions once and for all without going back to them again, and that's why I don't reply to threads that has been created over and over again.

I'm not an Economist, so I don't really know much about how the Economy works, but this country has taught me and millions of people out there, that an economy can be good, bad or terrible, so it doesn't make me novice either.

If I'm not mistaken, I want to believe that I have read few replies and threads on this local board concerning Bitcoin reserve and it's impact if eventually implemented. I have tried to understand how a reserve works, but I have been really struggling to process how it will help the Nigeria Economy if eventually implemented.

To me, having a Bitcoin reserve will demand a good level of transparency, especially on how our fiat currency is been printed. We have so much relied on the sales of crude oil, but still yet, we don't even feel like an oil producing nation.

From Tax payers money, Increase in VAT, Crude oil revenue, and even the excess money we print, we are still lacking so much in terms of Economic strength. IMO, I think the solution to our Economy crisis lies in our own hands(more of transparency), rather than having a reserve that we can't implement properly.

And to wrap it up, I think Bitcoin can only impact our lives as individuals in this country, rather than seeing it as the bigger picture to the solution to our nation's economic shambles (pardon).

So, rather than it's individual benefits to us, do you think Bitcoin can impact the Nigerian Economy despite the flaws that are already on ground?.