As for the third question, I also think it is AdolfinWolf. I traced it and noticed theymos sent him merit some minutes before the one I posted above which made me included that I was wrong about it.
2. AFAIK, the idea is to produce blocks at an average of 10mins, so few adjustments must been made after 2140 blocks which is approximately 2 weeks.
It is 2016 blocks and not 2140 blocks.
5. Bitcoin volatility correlates with Inflation when buyers choose to preserve their fiats as a result of fiat losing its stance against the prices of goods. While in times of recession, we find Bitcoin dumping because investors are now moving to fait in a reverse case.
Can you explain better with good examples?
The 2020 recession is only just a coincidence while bitcoin rose back as fast as possible when it fell from $7800 in March of that year to $3850 or so before it increased back to $5700 in less than 2 hours and later back to $8000 in just like 2 or 3 weeks. I remember that day as I saw the market move. Later bitcoin increased to almost $10000.
Also I still remember what CZ which was Binance CEO later said about it:
https://cointelegraph.com/news/bitcoin-price-did-not-crash-60-due-to-coronavirus-says-binance-ceoI did not just believe the news just like that but I believe it as I do follow how the price bitcoin move, I knew he is right just as I do follow other news to be either right or wrong. Although, that was my opinion.
8. I will continue to say it, there is no clear stances of Bitcoin in Nigeria and our legal system. Let's just say it is legal to use and also not legal.
Bitcoin is legal in Nigeria. Or how is bitcoin not legal in Nigeria?
CBN that said it was not legal before also made it legal in December 2023. Regulators were clueless during naira rate was floated and they tried all possible means to stop what is causing the falling of naira price.
You can have you crypto businesses legally in Nigeria if you follow the regulatory framework of the SEC about it.