reply on: Riots erupt in Nigerian cities as bank policy leads to scarcity of cash \ stacker news ~bitcoin

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51 sats \ 9 replies \ @DarthCoin 16 Feb 2023 \ parent \ on: Riots erupt in Nigerian cities as bank policy leads to scarcity of cash bitcoin

Why you have to buy it all the time? We already have mined (put in circulation) more than 90% of all BTC in existence. Enough to start a Bitcoin circular economy. Those people would just have to say: from now on I accept only Bitcoin.

THAT'S ALL.

165 sats \ 2 replies \ @sudonaka 16 Feb 2023

THERE ARE MANY IN NIGERIA WITHOUT ANY BITCOIN. It is wrong for the banks to do this to them!

26 sats \ 1 reply \ @DarthCoin 16 Feb 2023

Bitcoin was created 14 years ago... Bitcoiners were literally screaming that this will happen, but they were called crazy and ignored.

This is karma when you do not want to see the truth. A revenge against banks and govs with riots and violence it will not help. But will make things even worse.

Bitcoin is the most powerful silent revolution. You just have to embrace it.

https://i.postimg.cc/X7P2YC5q/told-you-so.jpg

221 sats \ 0 replies \ @sudonaka 16 Feb 2023

Elitism like this is will not work. I believe not even 1% of people are already Bitcoiners. We must advocate for and protect the uninitiated people’s right to peaceful opt-in to the network. Bitcoin is a silent revolution but if it is resisted by governments with force (theft of asserts by Nigerian banks) then a forceful response by the people is justified. God forbid it comes to that in the developed world.

25 sats \ 5 replies \ @badabing 17 Feb 2023

How to pay in bitcoin if almost no Nigerians have it.. Are you going to send them some?

25 sats \ 4 replies \ @DarthCoin 17 Feb 2023

Simple:

those who have it, will pay with.
those who don't have it yet, just ask to be paid in BTC and do not accept any other form of fiat money anymore.

Simple as that: no more fiat. Is not that hard to say it, but yeah you need courage. That will create more pressure on those who have it and slowly it will create the Bitcoin circular economy, where most of the people will transact only in BTC.

25 sats \ 3 replies \ @badabing 17 Feb 2023

You're delusional and a snob.

Bitcoin is not ready for this, there is no infrastructure in Nigeria nor enough adoption at the moment for Nigerians to turn to Bitcoin now. Maybe it will be built but there is a long way to go. You can't leave 99% of the population behind.

But I'm happy you want to set a good example by trading your btc for Naira so they can have more bitcoin liquidity in Nigeria.