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The first problem Satoshi wanted to solve when he created Bitcoin ,is the problem of other people spying on our privacy ,when dealing with transaction on anything that involves money ,it Should be between the buyer and the seller
There are many reasons some firms will keep secrets about someone else taking over a company untill the deals is finalize, government having control over someone's money ,this are what Bitcoin want to solve
From that past fees days now government of Nigeria have been monitoring every transaction of the citizen ,you can't make more than certain amount of transaction into your account in the bank or else your account will be frozen
Now central bank of Nigeria plant agent on binance p2p trading to fetch any account trading cryptocurrency ,anyone who buy or sell to certain people on binance and transfer to him ,he will alert the cbn and the account will be freeze
Federal government of Nigeria treat youth between age 18 to 30 that trade crypto currency as a criminal ,all the major bank in Nigeria now work hand in hand with the government to froze every account that trade crypto currency even kuda bank that is not Nigeria own an online bank
They never believe youth can make millions of naira profit in a day ,they want to keep us in poverty level so they can control us , election time is coming ,they want to do everything possible so that they will give us five thousand naira and we will vote for them ,so that they will give us one cup of rice and we will vote for them ,they are afraid the youth keep making money they can't imagine,how will it sounds when you give someone that earn more than 50 thousand naira ,five thousand naira to vote
It's only a matter of time that they will know that the power belong to the people but when we don't participate in politics,we make other people make a decision that will affect us ,I will urge us all ,as we are making money ,let all join the decision making body by having our voters card ready and vote them all out
It's really inhuman to ban crypto, sometimes I wonder why our leaders refuse to see the future and refuse to develop, crypto is the future.
They see the future ,they are just afraid they won't be able to control us as they control parents, remember their strategy is poverty
They can only try but in the end people will alawys succeed.
Their time is up is better for the Nigeria Government to wake up and smell the coffee .
You said:
Wrong. According to the Bitcoin White paper, Bitcoin solves the problem of allowing peer to peer payments online without the benefit of a financial institution. Deeper into the Bitcoin white paper it goes on to say you can have some privacy by keeping your "public keys anonymous". Now a days, this means keeping your bitcoin addresses private and generating and using a new address for each transaction.
Deepen your understanding. Don't be intimidated by the term "white paper". It's not like a graduate school academic paper with 100 pages of deep subject matter. It's only 11 pages long. The Bitcoin white paper is below. Somethings have changed a lot in Bitcoin such as the address schemes we use these days, segregated witness, multisignatures, and ASIC mining but it's a good place to start to understand the technical aspects of it.
View the Bitcoin white paper here: https://bitcoin.org/bitcoin.pdf
Please note that none of your transactions and balances on Hive have any privacy whatsoever.
Ok but at least no one will be controlling my money ,no one will be telling me the Amount of money I should have because am youth ,no one will see my transaction all the time ,at least I won't be afraid that my account will be freeze if I make certain amount of transaction
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STOPCheck out the last post from @hivebuzz:
What you don't know, believe me you can never know it unless you learn it, they don't know what and how to have the control over youth anymore, with that they are ready to block every way youth trying to put food on the table to survive, but what I believe is that what you do not create, definitely you can not kill it, crypto is everything. The future is bright and that future is now.