Quote from: sokani on Today at 11:27:32 AM

Quote from: SmartGold01 on Today at 07:39:33 AM

People do not know about how banks are extorting people of their hand earned money, past few week I went to purchase something at the mini super store and what I purchased didn't go through, they said declined from the POS machine so the sales personnel has to make refund from her end, and I saw when it said transaction successful but yet didn't reflects to my account. I went there the other day to complained to the sales personnel and she said I should go to my bank to make complaint over there, I had to look at the stress of going to bank with the amount in question I just have leave everything with the hope it would surely reflects to my account. Up till date I haven't seen it reflected to my account, this is to say that banks aren't worthy to be trusted and since I don't usually make transfer that way or even rely on banks, instead I would have to make withdrawal of cash and then go purchase what I want to.

I completely understand why you had to forfeit the money because sometimes when you calculate the transport and the stress you'll have to go through at the bank, it's not worth it. This is how fucked up the traditional banking system is, with many challenges. With our government gradually changing its stance on crypto, I hope global crypto payment giants like Stripe, Square, etc, could come and invest in Nigeria. So we could be able to have a crypto payment option in some of our big supermarkets and superstores.

Analyzing the recent incidents and your conversations, we can easily understand why the government and Banks are reluctant to legalize Bitcoin and are still so dependent on fiat money. Banks, in order to maintain their own control over the common people, only reveal the disadvantages of Bitcoin to the public and in some cases, put all the responsibility on the government and the government - thinking that the general public will lose control of them, keeps telling the people the words taught by the Banks in front of them but not anymore, now it is time to get out of this cycle because different countries of the world have slowly started accepting it. People are getting to know about Bitcoin and are much more aware than before.