So a bunch of old men keep ruling the world in their outdated mentality, no offense but this is the unfortunately true fact we have to deal with presently and with the continued efforts pulled in by these old bag of beans men, they actually dream and wish to keep running the system with an old version brain, sad.
The last quarter of 2020 exposed the world to so many truths, one of these truths was how better the world would be with a non-Centralized shit. I barely knew what crypto was in clear sense until September last year, and since then I've come to realize what is actually worth more than Gold.
February 5th 2021 is the big date whereas the retired slug armies saw fit to pull a trigger again and to us back to captivity, and of course they failed and seeked a way to lure us back there stupidly. The central bank of Nigeria placed a ban in Cryptocurrency trading within the nation which they openly denied afterwards. The central bank claims they care so much about its people, stating that crypto is a risky investment at first speech. So now the Citizens decided they love risk and are willing to take it to make money, since there are no well paying jobs where a Man is guaranteed a life-long payment due date, enough to Carter for his family in the long run.
A Plot Twist!
Well not much of a plot twist as though we are used to these deceptive approaches the government take to get the ball in their court, but since we've all grown from being infant fools to grown up clowns willing to fuckin throw in the cash and have our fingers crossed for a green, this is what Centralization has gotten us to, a better world!
The biggest fear of the government is losing their power to the people, the slightest sense of no control over the finances of her Nation is creeping them out, I mean how else will they keep growing their bank if they have no control of the entire cash flow in the country, that's totally out of the picture as Crypto and Decentralization of Finance is setting in.
The Dollar Availability
Prior to the Ban directive placed on february 5th, the government was more bothered about the dollar availability in the Nation. Though they've refused to vouch for all these clear facts on ground, their speech says it all.
A body representing cryptocurrency and everything that has to do with the blockchain in Nigeria recently joined forces with other crypto industries leads, to address the recent Central Bank of Nigeria (CBN) directive to banks and crypto exchange companies within the nation. While these meeting held and the CBN claimed once again that it was all to avoid the system from wrecking its citizens, the Blockchain Industry Coordinating Committee of Nigeria (BICCON) offered politely that this directive has no valid facts backing it, the CBN needs to throw in more lights that would better convince the Nation that it's directive is for the better.
The cat found its way out of the bag as a senator added that crypto trading needs to be wiped out of the nation as though BTC precisely has made the native currency naira almost useless.
That's a bummer Mr senator, I'd love to add that the naira is not almost useless, it is fuckin USELESS not almost. Maybe you've not heard that non rising against BTC has had even the slightest chance of winning. Like I said, the war is against the decentralization of Finance, whereas power is taken from a particular body and given to the people. And the process at which this system would fast be implemented is the availability of the dollar in the Nation, which has gone high over hills.
These days we have thousands of Nigerian earning in dollars, which means they are at least utilizing the virtual dollar, and kicking into exchange to Naira is gonna rubbish the native currency especially on black markets. The governments say BTC is making the naira almost useless but it was already useless?
We now have Naira millionaires building their wealth to greater heights daily, and the fear of the people displacing the government in riches is fast creating anxiety for them, but why not just buy Bitcoin, Ethereum, Bitcoin Cash, as much legit crypto as possible and then relax knowing you'd equally be richer in the next decades? Dumb people I guess…
Crypto Isn't Illegal sorry...
The SEC, which previously announced plans to regulate cryptocurrencies, is justifying the apparent about-face claiming there is further need to “analyse and better understand the risks.” The regulator, however, denies that there are “contradictions and inconsistencies” between what the SEC said in September 2020 and its current stance with respect to the CBN directive.
So here we see two old craps fucking each others shell up as though there are yet to give better reasons to see to it the crypto goes down, but still they are stuck giving flawed affirmations using the phrase of knowing the "risks involved" to lay a non valid point. But what they still seem not understanding is that the last person we would seek financial advice would be the government, so if they really enjoy failing on every try outs then they can take a swim to my ass hole as though that's where they will ever belong.
Thank you for reading yet another piece from me, any contributions to this topic? Please do well to share via comments, thanks again..
Keep Soaring
