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Quote from: Slimzeee on July 29, 2025, 07:37:35 PM
When it comes to Bitcoin transactions in Nigeria, judging from the Bitcointalk forum and my personal discussions with some Bitcoin savvy individuals, I’ve always noticed that if it's not about holding, then it’s either trading or staking. Most of the P2P posts here including those warning us about scams seem to be related to trading, from what I can tell at the moment.
any warning about scam in regards to p2p is not related to trading but to be careful about buyers on p2p who dont mind sending you an incomplete payment in fiat. it warns us to be careful not to release asset without proper confirmation of the amount sent by the buyer, and not the other way round.


Quote from: Slimzeee on July 29, 2025, 07:37:35 PM
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I believe we can all agree that the ultimate goal has always been to make Bitcoin a legal tender.
the ultimate goal of bitcoin  is not to be our legal tender but to be an alternative to fiat. fiat is our legal tender and bitcoin can only be used as alternative or can only work side by side and not function as or legal tender. after all bitcoin is only a digital asset with a monetary value. regardless of the important of bitcoin when it comes to cash/fiat you will still need to convert bitcoin to fiat for easy transaction especially where people dont accept bitcoin.

Quote from: Slimzeee on July 29, 2025, 07:37:35 PM
Now, I don’t want to limit the usefulness of Bitcoin, so I’d like to ask; have you had more real-life problem-solving situations where you had to make transactions with Bitcoin? For instance, have you ever used it to purchase land, pay a bride price, or buy a new car?
surely making real life bitcoin transaction to solve problem may be hard in most cases, but that is a result of bitcoin not fully accepted  in Nigeria for public transaction. but even as that there are cases you can make payment with bitcoin if the person in question accept bitcoin for transaction in his business. using bitcoin to buy car is possible but the aspect of using it to pay for bride price is not possible because the tradition of Nigeria forbids it. but if it permits it then bitcoin will surely be used for payment of bride price.

Original archived Re: The Optimum Usefulness of Bitcoin in Nigeria
Scraped on 31/07/2025, 07:24:01 UTC
Quote from: Slimzeee on July 29, 2025, 07:37:35 PM
When it comes to Bitcoin transactions in Nigeria, judging from the Bitcointalk forum and my personal discussions with some Bitcoin savvy individuals, I’ve always noticed that if it's not about holding, then it’s either trading or staking. Most of the P2P posts here including those warning us about scams seem to be related to trading, from what I can tell at the moment.
any warning about scam in regards to p2p is not related to trading but to be careful about buyers on p2p who dont mind sending you an incomplete payment in fiat. it warns us to be careful to release asset without proper confirmation of the amount sent by the buyer, and not the other way round.


Quote from: Slimzeee on July 29, 2025, 07:37:35 PM
.
I believe we can all agree that the ultimate goal has always been to make Bitcoin a legal tender.
the ultimate goal of bitcoin  is not to be our legal tender but to be an alternative to fiat. fiat is our legal tender and bitcoin can only be used as alternative or can only work side by side and not function as or legal tender. after all bitcoin is only a digital asset with a monetary value. regardless of the important of bitcoin when it comes to cash/fiat you will still need to convert bitcoin to fiat for easy transaction especially where people dont accept bitcoin.

Quote from: Slimzeee on July 29, 2025, 07:37:35 PM
Now, I don’t want to limit the usefulness of Bitcoin, so I’d like to ask; have you had more real-life problem-solving situations where you had to make transactions with Bitcoin? For instance, have you ever used it to purchase land, pay a bride price, or buy a new car?
surely making real life bitcoin transaction to solve problem may be hard in most cases, but that is a result of bitcoin not fully accepted  in Nigeria for public transaction. but even as that there are cases you can make payment with bitcoin if the person in question accept bitcoin for transaction in his business. using bitcoin to buy car is possible but the aspect of using it to pay for bride price is not possible because the tradition of Nigeria forbids it. but if it permits it then bitcoin will surely be used for payment of bride price.