Why are we still behind?

There was a time cryptocurrency was banned in Nigeria and i think they haven’t lifted it yet…lol…another thing is the government…aside from people being scare of cryptocurrency, the governments are not giving them chances…If someone get stopped by the police and they see any crypto app on your phone…you’re gone, they’ll start questioning you.
Nigerians now do cryptocurrency lowkey, while most are afraid.
God will help us All.

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Definitely!
Thats a fact

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We have to start from grassroot and use p2p approach, by the time the nation realises it will sweep the entire country. But if we want authorities to agree, they won’t and it will even make adoption harder. We work underground and authorities will be forced to accept.

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Nigerians only do it lowkey! :joy:
Wise people :joy::joy::joy:

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Thats great
I hope your commitment and hardwork pays

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Yh i have a lot of Nigerian friends and it was actually Nigerians that introduced me cryptocurrency. When there was a ban it was a total blow to my friends out there, they were complaining on our WhatsApp platform everyday. I felt their pain.

Why does a government seeks to gain from banning crypto?
If the masses decide to use it, no amount of energy put inside to destroy it will work.

Already the government has failed the citizens and they have lost any iota of trust.
What makes you think they will not use it low key.

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Sooner than later, it will all make alot of sense.

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My friend, in general, I read your texts carefully. I just want to say this. You’re knowledgeable, you’re smart, your market analysis is very good. But your most important feature is that you always have positive hopes and spread it. I hope that one day we will meet in life and have the opportunity to chat. Also, good luck with your project.

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This is absolutely true

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Don’t try to convince politics, try to convince their kids :joy: current politics aren’t there forever.
Besides, more and more countries are building legal frameworks for cryptos. They can’t keep resisting forever otherwise they will be isolated.

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Thanks alot. Our paths will cross definitely one day and it would be a lovely encounter. :blush::sunglasses:

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Very soon it is either you accept it or watch your economy dwindle down the drains. :rofl::rofl: that time will be a lovely time in history.

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Hola, la única y sola razón que los gobiernos prohiben las criptomonedas es porquie te hace libre, no dependes de los dueños de los gobiernos que son los bancos.

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En cuanto al desarrollo tecnológico e información sobre este campo, hay muchos países que se encuentran en la misma situación, la desinformación no sólo en este campo sino en otros, es el resultado en el que nos vemos inmiscuidos ahora. La información veraz y que uno busca por sí mismo es la que te hace libre.

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Crypto education is very low, that is a valid point, the main reason being the ideology that crypto is a scam.

I dont blame the citizenry that much, scammers were the first to introduce us to crypto. We lost a lot before we were able to identify the right path.

Some quitted for good and want nothing to do with crypto anymore.

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Yh they see it a serious competition, but as the saying goes if u can beat them you join them. For the government to maximize profit from this crypto usage, you integrate it through the banks and tax it when people move it in and out of banks.
Aside traditional bank accounts, the banks can also create an option to store digital assets in the bank too. Something like a bank account for digital assets.

In that way the can atleast tax it.

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Eso también es cierto, pero a una escala más amplia, África carece de mucha tecnología que las demás. Pero es cierto que todos nos enfrentamos a situaciones similares.

Pero lo superaremos con el tiempo

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Por eso es tan importante crear programas de adaptación de negocios en web3 que se acepte el pago en criptomonedas, prescindiendo de la moneda Fiat, sólo la persona que negocie en cripto junto con el que las acepte, hará su propia economia donde gobiernos y bancos están de más.

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I think about this alot and see this as a multi-dimensional issue. Aside from many not having sufficient crypto education, I believe its also about relatability.

All of us on this forum know about USDT, BTC, TRX, ETH, USDD etc… okay great…

But how does this relate to @Nana66419 and people in his country Ghana? or my country Trinidad? same for the many other countries perceived as behind.

There is a wide gap between a person’s understanding of their local currency and that of what is “packaged” as crypto education.

Think about this - if crypto educators in various “lagging” countries are telling people to use Q crypto instead of their own native currency because of X,Y,Z reasons -without even evolving the people’s own currency first- what is the message they are sending - this could be perceived as a form of “digital colonialisation” packaged as “decentralisation”- not so?

To help bridge that gap, I think there needs to be relatable technology so people in these countries can think of and use their own local currency in this new abstract way, on-chain. This would help inspire/kickstart localised growth and internal wealth circulation.

Of course this doesn’t factor in gov’t push backs in the adoption mix etc…
Now, forget the politics, powerplay bruhaha and media narratives for a moment-

If one were to look at a facet of this from a country’s gov’t perspective: a foreign entity is pushing their incentivised agenda to use a particular crypto instead of their own local currency+value. Now, if people were to use this, alot of that local wealth circulation could initially end up being exported to that foreign entity via the internet. Gov’ts would understandably be cautious even more so if no one in their own country has any true governance access. A valid concern.

Many of the countries “lagging” behind, were exploited in some way in the past history, many still dealing with that in the present day. This also has some facet to play in all this so must be considered in the approach one takes to adoption.

And now, here we have people asking why do we need stablecoins for these other countries? Because we exist too. More real than meme coins lol. It’s about Representation + Inclusion + Adoption + Inspiration for the future local generations.

Anyway…I hope my thought ramblings makes sense to readers here.

I did my best not shill my hackathon submission above :innocent:
Now I would lol:
With goStables Protocol we can launch a public stablecoin for every country that wants it… e.g gGHS (Ghanian Cedi). Even people in these countries can govern their own gStable locally and collaborate globally. If the gov’t of said country also wants to co-govern with the local public, they can, while not impeding the innovation of the citizens who build upon it locally. Check out our submission and see if what we’re doing aligns with you:

:vulcan_salute:

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Further to this, Trinidad among a couple other countries are not allowed to get a visa/mc crypto debit card from any of the top legit card issuers. This is because of EU policies that have nothing to do with crypto status locally. So when one pushes crypto adoption another gaping hole is there on the other side of trad-gov international policies. The Caribbean now becomes like a “bagholder market segment” because we can’t smoothly cash-out properly in the real world and have to wait for the rest of the world to create a off-ramp solution that supports all countries.

In 2018 all card support stopped for Trinidad…that really sucked for me as I left Trini to travel/explore months before that. Still a stress to deal with in 2022, having to find workarounds as real world policies changing so much I have to keep looking for more stable alternatives to those workarounds. An average new crypto user from “lagging” countries will still have challenges to off-ramp locally to this day.

You want people to use “foreign” - non localised cryptos in an international world but without proper end to end access? hmm
Shite like that also has to get fixed too.

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