Cryptocurrency got ban in Nigeria: Time to worry or not?

in Project HOPE3 years ago

Good day buddies, how is things over there? Hope we all are looking cool. Happy weekend to all my friends out there. Since yesterday I have been feeling so upset. The reason is because of the news I received from the Nigeria government. It is so painful seeing the wealthy and brainless people in government trying to frustrate the hard work of the youth. At first, they give the Nigeria police go ahead to kill youth because of how they hate to see the youth progressing. This is really heart breaking and it really touches my heart I must say.

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One thing they hate to see is how the youth in this country are all doing well with good living. What the rich and brainless government want is to see the youth struggling and begging but this didn't happen. Just recently, I heard that cryptocurrency has been banned in Nigeria, such a shame I must say. The reason they did that was because they are seeing cryptocurrency as the game changer and treat to their business. At this computer age imagine my country saying they ban cryptocurrency, I just don't get it. Are we progressing or going otherwise, what a country I must say. Just take a look at the world, you will see all country embracing cryptocurrency but my country is moving anticlockwise.

We need development in this country. This can only be achieved if we open our heart to accept innovation and invention. If you study life very well, you will notice that every decade there is always something innovative that always changes how things opetate. There was a time trade were done only by trade by barter. This means that if you have rice and you need beans you can meet the person that wants that swap. This strategy was the way trade were carried out long ago before it wen to cowries. After using the cowries as means of transaction for long, the world changes to coin and after coin era passed, the era of paper money came into place. After using the paper money for a very long period of time, digital money came in place which is cryptocurrency. The era for cryptocurrency has come and it will be accepted all over the world. From the above you can see how the various stages went. This is the power of invention.

Ever since cryptocurrency came on board, a lot of people who have knowledge about it have been using it to make a living for theirself. This is the main reason the government are angry. They see people that are into cryptocurrency as threat because they are making a lot of money from it. But they have forgotten how they keeps stealing from the countries purse. They never saw that as been bad and lay ban on it . They are just after the youth and always develop joy in getting them frustrated.

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Story of how cryptocurrency changes my life

For those who have not heard my story in the cryptocurrency world, this is the right time to know. Before cryptocurrency, I was doing ponzi scheme. Almost all the ponzi scheme that was active then, I was always part of it. I did this for a very long period of time and I called myself to order and I said if I continue like this I won't be able to make a living for myself. Ponzi is just robbing Peter to pay Paul and secondly if I you use $100 to partake in ponzi, there is every possibility that it can get lost unlike cryptocurrency. While thinking of a way to enter cryptocurrency, my friend chatted me and told me about steemit.

Because I was looking for something cool, I embrace the steemit platform. I keep blogging and along the line more opportunities came to me and up till date, I have made a lot from cryptocurrency that ponzi alone can never give me. You can see that cryptocurrency is truly a game changer, while on earth will my country ban it when the whole world is accepting it. What a shame for my country. I saw a lot of those rich men who are into cryptocurrency feeling bad about th CBN news. We will keep observing how this will plays out for the now but putting a ban on cryptocurrency is not the right thing to do.

Conclusion

From the above, it is really sad seeing my country placing ban on cryptocurrency. This is just another strategy to keep frustrating the live of citizens.

We don't have to panic, things will still goes well as usual. Just brace up.

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Cryptocurrency is the future. Definetely even in Nigeria so I don't see the ban as something to worry about. Later in the future, the ban will be lifted

It is a very unfortunate situation that the people in power hurt the lives of millions of inhabitants.

I suppose that these governments are afraid that with these innovations the ancestral traditions of their countries will be lost or perhaps changed, because it is the only way in which I find logic to they adopt and allow this type of prohibition but I am sure that the pressure they have worldwide to change their mind and hopefully this will happen in a short time.

I encourage all Nigerian colleagues not to be discouraged and to continue to lobby by publishing articles about their discontent towards this measure which is really very abusive.

Such a clueless government I must say

Hello friend, the truth is a bit sad news, nowadays cryptocurrencies are the future, so I hope that this situation will change and they can continue to benefit from such digital money. Greetings!

Cryptocurrency is truly the future. I pray things gets to normal very soon.

 3 years ago 

Any update on that subject @tfame3865?

Did anything got clearer within recent one week since this ban has been introduced?

Cheers, Piotr

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