I think it is straightforward, but what I noticed is that Felicity_Tide did not get the second question correctly which makes him also get 7 out of 8, and we can still debate about the ones that I quoted above. I do not know of others. Although, nothing bad at all, we are having fun.
It would have been best if the OP had posted the correct answers from his own point of view. I wasn't even expecting to win this due to how flexible and too personal my answers were.
And as for that number two, I noticed the moment I hit the post button, but the rules are the rules, despite the chance to edit without it showing (edited). I actually specified the average time it takes to hit that 2,016 blocks, which is two weeks.
It is 2016 blocks and not 2140 blocks.
Yeah, I noticed that immediately after I hit the post button.
Can you explain better with good examples?
I wasn't too sure I understood the question well, but I had to relate(correlate) it to inflation and recession as stated by the OP.
If inflation tends to drive the price of goods higher while reducing purchasing power of fiat, consumers would prefer to put their money in something that can appreciate in other to meet up with the hike.
The reverse happens during times of recession.
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.
It is one thing for Bitcoin to be legal, which I admit, and it is another thing for everyone, including the law enforcement agencies to recognized that legality. I've heard series of cases where people are being manhandled for just having a cex app on a mobile phone.
I'm not talking about the companies that has/must register under the license of the government. I was only considering the regular users. There is a video I'm searching for that perfectly describes what I'm talking about. I hope to find it. But, I feel it's still a two-way thing.
But I definitely look forward to seeing how the OP responds, and identify where correction lies.