Once upon a time. In a faraway land, a kingdom existed. There was a king ruling the kingdom empire. He was ordinarily supposed to rule forever - a status he guards so jealously, and he gladly quenches all threats and any plans of a coup. He rules with autocracy and single-handedly controls the fate of the masses. He manipulates them, yet telling them its in their best interest. There was no way the people could have a say because the King has so much power and control - in the palm of his hands. The people simply had no choice.

Unexpectedly, but behold a prophecy of a replacement, a prophecy of change. The prophecy says a better leader shall be found by the people. And the people will follow this natural born leader naturally. The people shall love his democracy. They would fall for his decentralized power shift, how the future leader would put the power back into the hands of the people. The prophecy states clearly that the power shift shall not be by a coup, or head-on election. No, it will just happen naturally. The people will merely naturally stop listening to the voice of the old tyrant. They would love the way the new young king does things, how he speaks and his obvious future plans. Of all, they loved the part that the people will find their voices.

However, the prophecy simply says the new future king has been born to and he belongs to an age group in a certain territory in the empire. What would the old, sit-tight king do? He did like king Herod of the Bible!!! Remember the story? He made laws, took steps to make sure this new-born does not thrive. He legislated that every young man born in that territory must be sent to slavery. He made every profession from that area illegal. He does not like his foreseeable future of being no longer feared, useful, revered and that he would lose the power to control the fate of the people.



Its a natural instinct. He's protecting his power, his kingdom, his inheritance. Hence, he started publicizing the flaws the the imminent democracy. And eventually when he has identified the future king in person of an influential young man, he started persecuting him. This is not strange. the tyrant invalidates everything the young man does. He calls him criminally minded, imbecile and unnatural. He commanded all his generals to arrest and detain him, or even kill on sight, anywhere the future king is found. He accused him of planning a coup, of treason. He says his idea of leadership would breed criminality, all to make the people lose interest in him. The old king plants fear in the mind of the people that under the new king, they would lose their apparent security because of abundant criminality. The old king would never accept or publicly acknowledge good intention of the future born leader.

He even went to the length of establishing a pseudo-democratic sub-committee right inside his military regime, just to mimic the future change, and draw people away from the truth. But it fails.

And because the people could see better as they get more enlightened, the REBELLION was born, fueled primarily by the old king's all-out war against the innocent, more enlightened young man. People were forced to look closer and yes they foresee the opposite of what he tyrant was publicizing. They saw change. Even though the tyrant proclaimed martial law and ban on this young future king, the people, especially the younger generation, the youths, know the truth, they felt empowered even more, to secretly follow and build more loyalty to the future king. Secretly, but they know the prophecy will soon happen. Change is constant.

Eventually? Well, its a prophecy from an indisputable source. Prophecies from that source never fails. The name of the prophet is CHANGE. Change never fails. Change prophecies may delay, but they happen.

HOW RELEVANT TO CRYPTO?
Let's define some terms. Who is the King? And who are his Generals?
You know the answers, as far as the financial system is concerned, don't ya?

This is fact: its not really the commercial banks that have problems with crypto trading, its the apex bank. The apex bank is in so much control, a powerful position it wont like to lose, at least not soon. Its like that the world over.

Why is crypto a threat?
Well, the crypto-currency system is a prominent part of a system termed DeFi (Decentralized Finance). The DeFi in all its essence is a huge threat to the authority, control and power the Central Banks wields. If the DeFi comes into full scale adoption, the CB will lose all its power and control because the power will be decentralized and the people will be in charge.

Decentralized finance, or 'DeFi', is an emerging digital financial infrastructure that theoretically eliminates the need for a central bank or government agency to control or approve financial transactions.

What Is Decentralized Finance (DeFi)?
Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services.

Some of the key attractions of DeFi for many consumers are:

It eliminates the fees that banks and other financial companies charge for using their services.
You hold your money in a secure digital wallet instead of keeping it in a bank.
Anyone with an internet connection can use it without needing approval.
You can transfer funds in seconds and minutes.1

Key Takeaways

Decentralized finance, or DeFi, uses emerging technology to remove third parties in financial transactions.
The components of DeFi are stablecoins, software, and hardware that enables the development of applications.
The infrastructure for DeFi and its regulation are still under development and debate.

https://www.investopedia.com/decentrali ... fi-5113835

Yes, this democracy-like system has its own dangers. Any system could be misused. But rather than throw out the baby and the bathwater, it is rather important to learn more about the blockchain technology, and DeFi and what positive powers the cryptocurrencies truly hold. And how positively they already are, and would continue to influence the future.

Remember two things the old King did:
1. He commanded his generals to nab the young future king. CB ordered banks to close all crypto accounts and stifle out any sign of life in the new system. They don't want crypto to thrive. Are they succeeding? Stats show that crypto adoption and trade, especially peer-to-peer, is huge and highest among young people, even Nigerians.
2. He created a pseudo-democracy of his own - which failed. Tell me, has the eNaira been widely accepted?

Its obviously not the banks that have problem with crypto. They are simply following the king's order. else....

Now, I would like to take you all on a global tour into the land of the DeFi, and see the future possibilities the King doesn't want us to see. Yes, we will mention the possible dangers of the DeFi, but the choice will belong to the people - to choose if benefits would outweigh any possible threats.

Stay tuned.

Decentralized finance, or 'DeFi', is an emerging digital financial infrastructure that theoretically eliminates the need for a central bank or government agency to approve financial transactions. Regarded by many as an umbrella term for a new wave of financial services innovation, DeFi is deeply connected with blockchain -- the decentralized, immutable, public ledger on which Bitcoin is based -- that enables all computers (or nodes) on a network to hold a copy of the history of transactions. The idea is that no single entity has control over, or can alter, that ledger of transactions.

https://www.zdnet.com/article/what-is-d ... d-finance/


The CBN has clarified that cryptocurrency is not banned in Nigeria. According to the central bank, the banking prohibition was to prevent the use of the country’s financial apparatus to support crypto transactions.

https://www.theblockcrypto.com/linked/1 ... to-traders

Listing various reasons for its action, the central bank said not only are cryptocurrencies issued by unregulated and unlicensed entities, the patrons and users value “anonymity, obscurity, and concealment” and there are risks of “loss of investments, money laundering, terrorism financing, illicit fund flows and criminal activities”.
https://businessday.ng/technology/crypt ... ount-loss/

I love this illustration.

How to identify fake Naira notes

Some days after the Central Bank of Nigeria (CBN) released the redesigned Naira currency in the denominations of N200, N500 and N1,000, fake notes of the new N1000 Naira notes have been circulated in the economy.

A fake currency is an imitation of currency produced without legal authorisation from the state of government.

Identification of original Naira notes from fake pieces in the economy does not require a formal education, there are differences to look for.

This report reveals how fake Naira notes can be identified which will prevent good citizens from being scammed.

The Naira notes are protected by various security features to enable the easy recognition of genuine notes.

These are five simple guidelines on a Naira note that will help you to differentiate a counterfeit Naira from a genuine one.

1. Check the texture

If the texture of the Naira note is soft and the image in it appears dull, you have the right to be concerned, reject it and demand another one.

This means that you should be sensitive to the touch of the money you are given when involved in any transaction.

2. Observe the gold foil

The N1000 note has a gold foil on the right side, just near the CBN governor’s signature. If you scratch the gold foil of a fake note it will peel off instantly but the gold foil on the original note does not peel.

3. Use water or other liquid

You can differentiate fake currency from the original by using water or other liquid. Scammers release fake money and the colours they use in printing counterfeits are soluble in water and some other liquids.

If you are not certain about the originality of a Naira note, dip it in water or petrol and scrub it gently. The colours will change immediately if it is fake money. The colours of counterfeit money will wash off like an artwork painted with watercolour.

Again, the moment you immerse it in water, the paper becomes messed up. It will get rough and look more like a paper mache. However, the real note will not look like this when immersed in water or any liquid.

4 . Examine the ribbon/thread

There is a thread which appears like a ribbon on all Naira notes, running from the top to the bottom.



In real notes, this thread can be felt with a touch. It is more noticeable on old Naira notes. However, in fake notes, there is something that looks like the thread but it is not.

In the counterfeit notes, what is there is just a straight-line painting that looks like the thread in the original notes. If you scratch the painting, it will peel off like the solver panel on recharge cards.

5. Use mercury bulbs

Some qualities of the paper Naira notes cannot be seen with the naked eye. These features are only in original Naira notes, and one cannot see them except with the help of mercury bulbs.

For instance, if a real N1000 note is placed under the rays from a mercury bulb, it will show a shining 1000 (in numbers) written across the note. The same is applicable to smaller denominations.

These five simple tips discussed above are enough for anyone to use to differentiate original Naira notes from fake ones.

https://www.google.com/amp/s/www.vangua ... notes/amp/

That's nice