BLOCKCHAIN TECHNOLOGY CREATING HEADACHE FOR NIGERIAN LEADERS

BLOCKCHAIN TECHNOLOGY CREATING HEADACHE FOR NIGERIAN LEADERS

My uncle called me to inform me of the CBN's negative disposition to Cryptocurrency especially bitcoin (BTC).
He said CBN, in a three pages communique they dissuaded Nigerians from investing in it.
According to him they made particular reference to Bitcoin that fluctuates in value as a result anyone who puts money in BLOCKCHAIN should not call the attention of the authority to it if it backfires.

It is quite evident that Nigeria is about to get to the crossroad.

Many of the political leaders and economics strongly kick against this crypto technology for their own reasons, but others believe that, politicians who despise this latest financial technology will regret at the end of the day, and those people who also see crypto currency in same light.
Many also believe strongly in this new technology and its power of financial freedom and abundance creation.
In a brief chat with one of such believers, he said; “I am sorry for Nigeria CBN, they think cryptocurrency is like WONDER BANKS they pushed out of existence, or like any bank they can liquidate at will. They think it is like any financial institution they suddenly come up to seal up. CBN is afraid because God has provided alternative for the poor ”.
Wow, Raw!
But many share in this same believe you will agree?

CBN in their defense said; Bitcoin dropped. Help me ask them this question, how much was Bitcoin in January 2017? Was it not between $900 and $1,000? By early December it was around $16,000 and because it's now around $14,000 does that rule out the fact that it is valuable?
Nigeria leaders will agree that not too long ago in the era of Agriculture, the par capital income of Nigeria was around $3,000 today it is less than $1. Also $1 was trading for N0.76. today a Dollar is now around N400?
One will ask, is the naira not even more of a bubble than bitcoin? Or is this not a far worse drop than bitcoin and crypto-currency in general?
Hmmm! Food for thought.

Why are they scrambling for politics? Is it not because of oil?
The era of oil is going. Technology is taking over, yet there ignore to see the future. The oil that is producing the money corrupt politicians embezzle through politics will soon become useless.

With the emergence of electric cars, solar cars I wonder which country will buy their oil.
Just like NIPOST is for sale, and no buyer is interested. When TBC and other crypto currencies become fully liquid, I wonder what their comments will be.

TBC as we know it is one unique coin that a lot of Nigerians have also invested in. it’s the first abundance base crypto-currency and hold much expectations from its’ investors.
The truth is, there is nothing they can do about BLOCKCHAIN TECHNOLOGY just as they can do nothing about WhatsApp, Twitter, Yahoo, Gmail, Telegram, internet as a whole.

I hope reasonable banks will wake up to the revolution in the financial arena because any bank that remains conservative will soon become history.
Crypto currency is like a launched missile that is unstoppable, regardless of what any government thinks or do, they can't stop it....

Please leave your comments and let me know your thought. Thanks for reading.