How Nigeria 🇳🇬 Presidents devalued the Naira & stop people from buying Bitcoin
2249 sats \ 4 comments \ @Onionsman 21 Aug bitcoin
https://m.stacker.news/47262 Data Source: CBN
I was obsessed with understanding how various Nigerian President's have handled the country's currency since independence in 1960 and the data was shocking, Nigeria experienced over 2,300% loss of purchasing power or inflation back in the 1990s...
Now I understand why there was a serious decline in general growth and human capital flight out of the country. Yet, the leadership is waging a shadow war to restrict people's ability to purchase and own Bitcoin. Hiding under the narrative that it is affecting the sovereignty of the country's currency.
I am glad viable solutions and products that allows anyone to adopt the Bitcoin standard exist.
  1. www.bitpension.io : a personalized Bitcoin pension account
  2. www.ipaybtc.app : a utility platform for everyday use and payment with bitcoin
  3. www.bitnob.com : a bitcoin only exchange for Africa
  4. www.cashwyre.io : a utility and money transfer platform that uses bitcoin on lightning
  5. www.monierate.com : a data platform that provides the prices or purchase rate of bitcoin and related FX data
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0 sats \ 1 reply \ @Akg10s33 21 Aug
Nigeria, a country, has always been a very socially convulsed country... between coups d'état... and revolutions! Their history is a bit eventful... and obviously they are not beyond the economic sphere, presidents if that is what you could call them... with little mental scope who tried to hide or remove any type of freedom from people's thoughts! of thought and of course economic freedom and what you want to do with what you earn from your effort! But as everything progresses, we now have Bitcoin, which is undoubtedly a window to economic freedom and free trade for the inhabitants of that country! and that no government or anyone in high places will be able to stop or take away from them! It makes me happy to know and see how every day Bitcoin makes its way throughout the world!!👍
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2 sats \ 0 replies \ @flat24 21 Aug
I totally agree with you. Nigeria and many other African countries have been ruined for years by colonizers. And after they declared independence, they have not been able to advance as a country and society, and that is the result of foreign intervention that does not allow them to flourish and develop. And to all this we add the corruption and mismanagement of the locals, and we have the perfect recipe for social chaos.
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0 sats \ 0 replies \ @036c001eac 21 Aug freebie
I think we'd need to do deeper research to have a more in-depth understanding.
0 sats \ 0 replies \ @Warrior 21 Aug outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.