Oddbean new post about login | logout Nigerian Authorities Blame Binance for 70% Naira Devaluation, Move to Issue Arrest Warrant Against CEO “Binance platform harbours people who fix the exchange rate which quickly affects the Nigerian economy for the time when Nigeria is trying to stabilize the economy. The platform fixes the exchange rate for the country and it is an illegal rate. The Central Bank of Nigeria (CBN) is the only authority that can fix the exchange rate for the country.” https://www.nobsbitcoin.com/nigeria-binance-p2p-standoff/
Pathetic to blame a private company for the consequences of their own criminally usurious fiat money printing #bitcoin
"No one devalues our currency and distorts market signals but us!"
So pathetic. How do people so stupid get the courage to speak or do anything at all? They should seek mama's approval before moving a finger. These are probably naturals. I doubt they realize they are playing a part in the movie for free. nostr:nevent1qqstskfy87qtjq8gf37rf8uh7tkgm59cyzyed722nlkc00dp8nuqylqpz3mhxue69uhkummnw3ezummcw3ezuer9wcpzpwd9xafrhw30ekhg2lvsmznkphj0yyuun7gdnphhgl886rkq69eaqvzqqqqqqyh50s6d
1. Be a central bank established to make your country and citizens prosper 2. Miserably fail your mandate 3. Get countrywide protests as a result 4. "BLAME THE FOREIGN AGENTS" We'll see only more of this nostr:nevent1qqstskfy87qtjq8gf37rf8uh7tkgm59cyzyed722nlkc00dp8nuqylqpzpmhxue69uhkummnw3ezuamfdejsyg9e55m4ywa69lx6aptajrv2wcx7fusnnj0epkvx7aruulgwcrgh85psgqqqqqqs98ha2q
Really hoping this doesn’t come to America in 5-10 years, but it totally might… Weimar Germany similarly needed someone to blame for their endless money printing
Seems like that is the move. "I'll show you which culture to pump your fist at, and what foot is right to kiss We don't know who the culprit is yet, but he looks like this" - Sage Francis
Bitcoin eats fiat for breakfast https://video.nostr.build/544a8ec73ce0d6ce030199c3e2eb36ec189dfa6eab3702c157fe591b6b2c64b0.mp4
Gaslighting by Nigerian authorities will only hasten their currency collapse. “If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.” “To know your enemy, you must become your enemy.” (i.d. ₿itcoin Adoption) ― Sun Tzu, The Art of War
Sponsoring a Nigerian family to use Bitcoin in a circular economy would be great
History rhymes. nostr:nevent1qqstskfy87qtjq8gf37rf8uh7tkgm59cyzyed722nlkc00dp8nuqylqpz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzpwd9xafrhw30ekhg2lvsmznkphj0yyuun7gdnphhgl886rkq69eaqvzqqqqqqy2s2x4n
@tuur you were pretty right about this 😀😀😀
Pay attention. They will be taking notes too. nostr:nevent1qqstskfy87qtjq8gf37rf8uh7tkgm59cyzyed722nlkc00dp8nuqylqpp4mhxue69uhkummn9ekx7mqzyzu62d6j8wazlndws47epk98vr0y7gfee8usmxr0w37w058vp5tn6qcyqqqqqqgm4vjt5
"Terror" in this context must mean having no reliance of government's manipulated fiat. They fear your self-reliance and freedom. nostr:note1hpvjg0uqhyqwsnruxj0e0uhv3hgtsgyfjmu548lds776z08cqf7qfxaed0
People causing problems blame others for those problems. Fresh baked central banking right there.
No, no it's not the Central Bank's fault :-) nostr:note1hpvjg0uqhyqwsnruxj0e0uhv3hgtsgyfjmu548lds776z08cqf7qfxaed0
This is exactly how it's going to play out in every country eventually. The mafia state will blame and extort Bitcoiners and associated businesses to hide their own failings. Learn and use private self-custodial tools to protect yourself, and protect each other. nostr:note1hpvjg0uqhyqwsnruxj0e0uhv3hgtsgyfjmu548lds776z08cqf7qfxaed0
I have a cousin in Nigeria. She and her husband are highly educated and well off. The struggle there is unforgiveable. She choked up explaining the experience of simply buying ingredients to make chocolate chip cookies with her kid during a hyperinflation. Prices changing over the course of the day. Paying exorbitant rates (whether in Naira or USD) for basic things. All because of Binance. Nothing to do with central bankers.