WEBVTT

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To court. American government took Binance
to court, and because they are in

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court, that's why they can sue
them and get all these legal remedies.

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But Nigeria has not sued Binance.
We've accused them and then we've detained their

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officials in Nigeria. So what's gonna
happen If they leave nothing, You're not

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going to force them to give you
data because once they do that with that

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legal order, they folk that I've
lived that I will sue them, so

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they can't. They olim is back
here. But if you look at the

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Binance protocol, limited are things that
says that they can release information, but

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you've got to sue them first and
then demand that information from a legal time.

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For as a law enforcement agency or
as a keeper of the national's security,

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you simply can't say give this to
us in violation of contracts that they've

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signed. Loim they welcome to the
party tanks for helping back again, what's

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your take on this Binance issue?
For going to the BTC and the SEC.

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What's your take on there? You
can sorry for it towards my network

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because I was in getting it's it's
it's village people. So first of all,

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yeah, yeah, go ahead,
yes, okay. So first of

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all, I think the past few
weeks now the information and not from regulatory

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sources of all poss I think the
government has a path that a lot of

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people are well. And you know, one of the problems COVER has always

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had is bad because you know,
the country is divided by party lines,

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fribal lands, windows like these things
are really very difficult despite the rationality blassssition.

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So first forward, everybody knows that. But as we're restricted, pascularity

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or the web brought out about the
SEC just to unish their reference capacity in

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the FX market. But interestingly,
financials compress shudgies and statements, and those

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statements show that there was a relationship
and the factor at some point they said

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between in the last four years,
the attended to about requests of the government,

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the trade officials, the strict accounts
that were useful one laundry years back,

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so you know, and especially the
fact that they had no regredation in

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Nadia. It was that relationship.
Because for identity like bance to comment postment

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official as glarity, it's not just
a method. So the question is what

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change now? I watching because that
we have a new allutration. And you

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know, despite the fact that they
by the first to show that they were

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pro digitar, it serves that directly
change with the audio follow diner now balance

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Prince produce with this one that statement
that makes it very interested. First of

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all, the narration and I've always
had that narration, but I just wanted

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it to be more efficient because I've
always had that narration in all official chats

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that yes, Nadia is quite un
interested Acadonne it comes to crypto publish your

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wise, but when it comes to
trading volume, we don't really matter to

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them. And that's one of the
reasons why despite the the ups and down,

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because if you look at binars,
but As has over one million users.

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Now you're the biggest punk as about
technical users, that's not yet And

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if you understand markets, they look
at value rather than the quantity and value

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of the customers. So the first
thing they wrote was that yes, you

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has an interesting back head that puts
is not their top Yeah, that you're

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just not their top, not among
the top pak. So what they're really

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saying is that, well, it's
not like we can't do it with you

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guys, but because we see the
future that you are. You has a

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young population and you as interesting people
and they see the future. So rather

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than just so they've been investing casual
because it's not gonna cause by us anything

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to have a license with all the
visions to be building the government, I

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don't see why they want the should
cut in the license. The fact that

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there's security updated that license a few
weeks ago that makes it quite di lookful

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for the Interestingly, they wanted to
platform. So it also eCos what don't

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you go and take that pat Now
two things, you know tech in the

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US as you can't compare a people
forget that the United States is the biggest

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markets in the world and it's the
financial epics center, so you definitely have

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some formal relationship with their network,
with their banks, their institutions or like

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Nigeria ware it can't be read and
opened sidiary. But you see the United

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States education the different. Yeah,
and you say that, well, bance

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post systemic in the FX market and
that's where already cent I was like,

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how come because if you look at
the market, a lot of people don't

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realize that does don't have liquidity that
sometimes so what if you see them twenty

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six billion dollars was transaction not influenced. It makes a lot of sense because

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you know, I see said that
we moved about his phone big to us

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which within a year so balances to
us about half more of our billion.

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So yes, that makes a lot
of sense, but a lot of people

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missed we maybe Sibian government influenced,
but clarified that. Moving fast forward,

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I think there are three issues right
now. First, it's not even the

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guys, it's not much more of
complex issue because first it took a while

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for us to confirm that into officials. Secondly, uh, we have agitated

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and we have greatest for construction in
the market where a lot of Nigeria's survive

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and with all employment at one with
his ice level and njeans are really upset.

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And there's something Binance does that a
lot of people don't understand. So

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if you look at one of the
problems we have with market underpatri risk,

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look and for example, I have
a relationship with you, so I trust

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you. But a lot of people
who have that kind of relationship so they

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have to view different kind of people. And I want to be okay,

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it was that before you execute transactions
as God want change your daughter back going

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into that it had some form of
ESCOM. You back put into work on

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the high still to still to look
at look look at the point right,

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there was an accusation before it was
made public, like you said. But

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the government correct to bonus and say
where tracking this stand down is owned by

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a terrorist or it's owned by money
laundr and Binance could respond correct. That

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happens with every institution that is not
in a conventional institution. They react to

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requests for until money laundering at the
terror they request for that. The point

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is that is Nigerian government then accused
by us directly of affecting the exchanges of

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Nigeria. So that's a serious accusation. I know it's that accusation does not

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have merity. It ted party can't
influence the academy. You know what geness

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is doing that that I'm just looking
because I put it lawyers on spaces,

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I brought it some experts and I'm
listening to both sides. So this is

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what different is looking at. They
can't do this, you know, yes,

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you're saying you channel. I agree
definitely because just like guys we said,

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they say before even the fact there's
government. Before you can get to

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set the information, you still have
to go to the court, which makes

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a lot of sense. Well do
anything is that you need to understand the

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systems of different network and garagement of
different Now the ENSIS objective from what I'm

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seeing is that, well they want
to givenish that tread. I feel that

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and that's why Then what what threat? What that was? What the demand

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is? They want data? Like, okay, who are the top users

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in Nigeria? Now you talk users? What what? What? Why does

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the n S want the top users? And then there are simple reasons I

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want to know those possesses demon traits. Now they're not for the data for

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these are some of the educations.
So when you say they have gone through

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the court, I think what they
are trying to do is like you know,

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because if you look at the Brook
News, it's more like and yeah,

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but on the on the point is
that we're not addressing the you can't

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get buyers cannot give any proprietary information
or any information. I was given to

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it by a customer without a court
order, irrespective of pocasks And that's what

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he said. Look agree, But
their strategy is what they do at newr

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Times let me give you if you
look at one there was the Apple one

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time and that in fact, the
government wanted that information, but Apple said,

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but they cannot look before and if
you remember everything that's America government had

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to use something the government on that
same story, the government had to unlock

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the phone themselves. Apple didn't unlock. It's what I'm saying, So I'm

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coming towards I'm coming. I'm coming
to what governments. I see. Govern

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understands that it's going to be quite
complicated and kind of because they have to

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go to the show. So what
they're trying to do is it's more like

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a media trial. When you push
for this thing, the will still come

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back to the same olimited made the
points. Olim the largest economy in Africa

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cannot be doing media trials with the
largest company. Is that if you look

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at what they're achievement now, the
last press release statements that what they're willing

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to work with government, they have
a relationship and they have that. I

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understand you. I'm saying, I'm
not your side of the government. My

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mom saying, because what I'm inside
of government is that I've seen what the

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cryptomach has done in Parry I have, we said, many countries in that

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I've seen, I've seen how criple
indust But the matter is that when we

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want to have a very solid outcome, you have to look at what both

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sides are after. And like I
said, government is really about the place

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in their system is more concerned about
well having the future you are you are

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your money guy, right and the
money guy there is do you think an

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exchange can affect the exchange rate of
nyra two dollar? Do you think that

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what the government is a legend?
Let's even forget what the do you think

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that they been since happen me?
And you know that that's that's not that's

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not likely. But you see one
of the fears the government and the standard

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fear, like I've said, in
the passes to reference point if you look

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at the market right now, because
many of my friends that when they wanted

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to transactions now they have to go
through os otses and to confirm from different

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sources. At some point you don't
need to know to see reference points.

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People who just go to the I
don't go to my unity engine chat.

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That was the concert. But the
fact that liquidity know that that was far

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from reality. But you know like
a lot. Goverment sources will tell you

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that they have every reason to have
whatever concern because that reference point a loan

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pos systemic danger because cal this is
if you ask danger, you do f

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MT q FX market listing. Don't
you know, almost every the market on

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the okay problem said, let's let's
ask you, let's ask Nigeria, let's

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block block that's me here. Listen, block trader says, the forest Trader

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is the CEO Block Traders Academy.
What's your view on this? Block trader

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do you what do you think overall
on the government bans action? What's your

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take overall? You heard Olimity,
You've had my point? What what's your

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take? Okay grieving everyone? To
me, I don't think it's actually nice

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for the government to hold bands responsible
for what's going on, because first of

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all, Binan's is not the only
exchange, but the biggest, the biggest

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exchanges, but the biggest. I
know that for sure, the biggest.

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And another thing recently, I got
the information that did just the increase the

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exchanger fee for cryptocurrency exchanges. Exchangers
to I think it's let me come firm

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so I wouldn't be saying a figure
that I am not what does that mean?

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What does that feel mean? Was
that that shows that them increasing that

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fee now they're trying to like reduce
the number of exchangers we have in the

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country because first of all, this
Nigeran tech guys they're coming up with all

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these bitcoin exchangers application and all that, and the market is already saturated now

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apart from ben and Been has been
in foreign body, we have other ones

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that are owned by Nigerian CEOs,
like the tech guys. So now I

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think the government increasing that fee,
increasing the fee to let me confirm the

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figure to one undred and fifteen from
tirty million to fifteen million, I think

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it's a way for them to like
reduce the way Nigerians make use of this.

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This is the government. This is
sex right, yes, yes,

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yeah, it's all about sex.
I was I was gonna cover yourself by

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so sex has always Yeah, I
think it's missing one point there. If

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you look at the major outdates or
sex you know, exchangerate exchange, the

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ex generated, if you look at
the major revised GUIDs. Because I've been

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looking at you do what we can
and trying to the majority ress were like

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Okay, they don't want criminals to
have anything with the packet. They also

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look that they do suppose they had
before. So they had that petition of

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works well and you know, like
you said, the the risk for the

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key differences that pulm now or convite
on shore off shore that has that also

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important people business makes it almost impossible. The feel that they have seen some

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systemic individuals that pushing in Ja.
That's what the curitures to concer. So

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if you look at the advice that
is more like a deeper check on people

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that have access to that market.
Also, they had the better that petition

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because probably problems that had you called
all virtual access security. So the different

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categories and what qualifies you for each
and the end of the game was as

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that you look for if they would
give good for him and to get because

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of the level of background check and
having that with you get. But the

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form of this discussion is that what
they're driving that they wants we are old

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on crypto markets to Nigia, which
I feel is the counterproductive. We're seeing

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what do in Nigeria in terms of
remits, in terms of employment, in

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terms of social stability. Because I
love Nigeria, is use this as for

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defendmat you see an improvement for example
now and if you look at the influx

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of capital in the last one year, it's increasing. That's bye the fact

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that you could see that Nigeria is
not systemic in terms of world I said

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that after Injia, Nigia keeves a
high percentage of as to value. So

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it tells you that the market has
the future of amber one. I say

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it is okay. I mean I
could argue that crypto coming into Nigeria is

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a good thing because what is the
other side is tript or not coming into

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Nigeria. So if crypto is coming
to Nigeria, even if you don't go

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to the Central Bank of Nigeria,
it's liquidity in Nigeria. But it looks

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like the CBN and the SEC are
saying wanting then the NSCA is saying or

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noting entirely. If you try to
scare crypto, what will happen to go

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on the ground. So that means
people like these guys that are here on

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this space, Block Trade and his
friends will simply do the same crypto,

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but will not do it openly.
They will simply create their own I mean

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when the governmentor about P two P
P twop. I had not for a

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long time for government got wind of
it. There are some going on now.

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I won't say anything again because I've
learnt my lesson that the government will

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not know about. Yeah, what
can you see? Good? Listen to

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00:18:37.400 --> 00:18:41.039
you. This evening is a pro
crypto by design. If you look at

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the guide gans I look at so
there's some banksies. I doesn't like to

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mention him because I've done it lot
working with someone in the industry. If

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you look at for example, blocking
capacity, staple coin, look at CPNS

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remits outlook for long term plan because
today and what you see the problem is

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that Nigeria is a country that has
different interests like we have the political outside

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the security side and the financial side
on the financial side, and that's where

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the Nigeria. I don't think crypto
has a problem there. Where crypto is

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having a problem is on the political
anti security side, the political and that's

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why if you look at the band. If you look at the band,

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00:19:21.720 --> 00:19:26.839
this ebient had banned cryptoiom before they
reinforced it. But this ebient did not

217
00:19:26.000 --> 00:19:32.119
reinforce it. It was a political
decision that made the c being reinforced to

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show and that's where we are missing
the point because when it does make it

219
00:19:34.680 --> 00:19:38.960
the c the sec we are getting
the picture wrong. What these agencies are

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00:19:40.039 --> 00:19:45.240
trying to do is secure the system
based on their requirements. But if you

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00:19:45.240 --> 00:19:49.400
look at it tonight, it evolves
the NC involves the presidency devolved love makers.

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And that's why I said that Nigerias
take people to the political side.

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If you want a rule, so
you should don't because the truth the matter

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was that when we had this issue, was reinforced the PAD. We took

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it to the National Assembly procession of
saying it was killed it and I said,

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well, dinner is supreme as long
as they know the secrets. And

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I was so sure that these guys
doing with you understand the utity value of

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the cup industry in Nigeria. But
you see Nigeria's first and forgot the politicians

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00:20:22.680 --> 00:20:25.920
for good. And that's where we
are still the mess because we don't even

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know who we should we should fight
it anyway, Okay, but last last

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00:20:30.400 --> 00:20:33.839
time, I also get blocked at
violence and blocked that got his views across

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enough. Last last right, this
is not good. Forget about binance or

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crypto it's not good that the Nigerian
government can detain guests of the Nigerian government.

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It doesn't speak well that the government
can invite you to come to the

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country then detain you indefinitely. What
it says is there no foreigner will come

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to this country for a meeting when
they're not really I don't know how if

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we're not getting that part of it. You know, when you win one,

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then you lose ten. You know, we're the largest economy where democracy.

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But you wake up and you detain
foreigners even if I mean people have

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come here. There was there were
two Indians that I hear that been have

241
00:21:21.799 --> 00:21:26.319
been there on that arrest watch from
India. There's a Pakistan that came here

242
00:21:26.400 --> 00:21:32.160
as other arrest watch. There was
a guy that came here from Lebanon that

243
00:21:32.319 --> 00:21:36.519
is on the International Travel Band.
These guys all came here and flew out

244
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of here. Nobody detained them.
But businessmen you might like them, you

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might not like them, came in
and the NSC arrested them. It doesn't

246
00:21:47.400 --> 00:21:55.480
however, they went through they asked, but they invited them. I understand

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what every systems on the matter is
that you see, we need to look

248
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at it on murder. The government
really not do a good job at the

249
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way because I don't see a problem
to work with the government. That's really

250
00:22:12.640 --> 00:22:17.519
what's upsetting me because I done.
So what deals with it? You see

251
00:22:18.079 --> 00:22:22.960
reach our police we are police force
and the government itself. In fact,

252
00:22:22.960 --> 00:22:29.519
there's a point Bans wanted to open
it kind of center as our future zone

253
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if you remembers back. So why
does it? Why is this changing?

254
00:22:33.759 --> 00:22:34.960
You know? You know what?
You know what? You know what?

255
00:22:36.680 --> 00:22:38.559
What is going on? The limit
there? And again last one I want

256
00:22:38.559 --> 00:22:41.359
to get you know what's going on? Is this right? I think the

257
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government's looking for someone to blame for
the high exchange value, so they want

258
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to eat their cake and have it. They want to float the ira get

259
00:22:51.000 --> 00:22:53.599
that revenue from in because when a
nara is floated, it's more evens for

260
00:22:53.640 --> 00:22:56.559
the government. They want to float
the Ira. But they want to say

261
00:22:56.599 --> 00:23:02.160
it's not us that that is causing
this pain. It is that guy called

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Binance. He moved to the city. One was moved to six billion.

263
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Even mean, does he meant to
six billion left Nigeria. It's not possible,

264
00:23:07.960 --> 00:23:11.519
but I want to point to that
guy. So everything we're saying here

265
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they are looking for a four guy
and unfortunately they've got a four guy in

266
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this gentleman, I mean, sue
them. I'm not defending buyers. I

267
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don't know them. But about the
moving of go ahead, go ahead,

268
00:23:26.119 --> 00:23:32.440
bloke, block trader, go ahead
six and this is a pay to any

269
00:23:32.480 --> 00:23:36.880
money that's coming to I make hiss
before you issue before I had to move

270
00:23:36.920 --> 00:23:41.079
to other to go and see exchanges. But what I mean is that if

271
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money is coming through blands, that
money leaves binas too. True, it's

272
00:23:47.599 --> 00:23:51.400
it's in an out. The money
comes from situation where the money went into

273
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benas and the money didn't come out. I agree, it's in and out.

274
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Yeah, let me also saying that
I'm twenty six billion paste beinind it

275
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doesn't. It doesn't. But I
think it was a little because it's you

276
00:24:07.880 --> 00:24:11.599
WNT created more confusion. But I
don't think FLMENT is trying to repair because

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if you look at on the larger
context, I think what the government is

278
00:24:18.799 --> 00:24:21.519
just trying to do right now is
that they want to hold their market,

279
00:24:21.720 --> 00:24:26.000
but they look at other outlines.
You look at all the out coman can

280
00:24:26.400 --> 00:24:32.240
look out as community, especially for
banks, it seems that it's getting better

281
00:24:32.319 --> 00:24:36.240
than as depleted. But like you
said, it's a bad payer because for

282
00:24:36.400 --> 00:24:38.200
me, I felt that perhap would
have been more of an I like that

283
00:24:38.640 --> 00:24:45.240
and would have made it lookings because
Nigeria's love cryptal for mostly Nigerians are passionate

284
00:24:45.400 --> 00:24:51.519
about Digitar said, you can't cheat
take that away. So name is a

285
00:24:51.680 --> 00:24:56.680
bad You want the election with one
toad or the total vote casting? How

286
00:24:56.799 --> 00:25:03.200
do you InFine? You have to
be very fame and smart. You don't

287
00:25:03.240 --> 00:25:11.400
think peace that looks or alleged are
you trying to how do you unite that

288
00:25:11.519 --> 00:25:15.400
kind of system? That's the problem
I have because now no body that has

289
00:25:15.440 --> 00:25:21.880
exposures we see the government as someone
that has good. They will not come

290
00:25:22.039 --> 00:25:26.759
here nobody. So if tomorrow now
it just just just say tomorrow crypto becomes

291
00:25:26.839 --> 00:25:32.279
illegal legal that maybe the US government
says he it will come if Trump Trump

292
00:25:32.400 --> 00:25:36.160
has said he's going he's not gonna
look at crypto. If Trump wins,

293
00:25:36.640 --> 00:25:40.839
America is going to go more into
crypto with me. As once America goes

294
00:25:40.960 --> 00:25:47.160
more into crypto, then the adoption
becomes goes like fire. They will let

295
00:25:47.160 --> 00:25:48.799
me, let me, let let
me, let me learn, right,

296
00:25:48.119 --> 00:25:52.680
That means that right, they will
come to Africa and they will say,

297
00:25:52.720 --> 00:25:56.240
okay, when should we set up
our quote unquote digital clearance center. They

298
00:25:56.279 --> 00:26:00.799
will not come to Nigeria. They
will not on him. Yeah, well

299
00:26:00.880 --> 00:26:07.799
crypto, Trump spoke about bit coin, speak about crypt oi. Yeah,

300
00:26:07.839 --> 00:26:11.160
you're going to the weeds. So
bitscoll crypto, You're going to the weeds.

301
00:26:11.240 --> 00:26:14.960
If Trump wins and he says bitcoin, if he says he likes bitcoin,

302
00:26:15.480 --> 00:26:19.200
the narrative, body understanding will be
that he likes crypto. You know,

303
00:26:19.440 --> 00:26:23.880
that's not going to do more tntalities
if the print because he didn't approve

304
00:26:23.920 --> 00:26:27.160
it the last time. Last time, he didn't approve it. This time,

305
00:26:27.240 --> 00:26:30.519
he's saying his for bit coin.
If he comes in and he says

306
00:26:30.680 --> 00:26:34.920
sexual slow down on the relation of
bitcoin and crypto, and he says he

307
00:26:36.200 --> 00:26:41.440
likes it, it will translate to
more adoption across America. That's the fact.

308
00:26:42.400 --> 00:26:45.599
Yeah, very true, because in
fact, he will use some NFTs

309
00:26:45.839 --> 00:26:51.119
to raise funds there. The problem
yea. The problem, yeah, is

310
00:26:51.240 --> 00:27:03.839
that bit coins ecosystems deep and I'm
not saying the signal. The signal matter

311
00:27:03.200 --> 00:27:07.759
is that the United States. I
don't think the United States has the rul

312
00:27:07.880 --> 00:27:14.359
on the crypto markets like that's why
has been as taken because matter is that

313
00:27:15.559 --> 00:27:19.519
the United States to know how systemnic
compared to the who used the US dollars

314
00:27:19.920 --> 00:27:29.079
and on olymited. The United States
is the largest, most liquid, most

315
00:27:29.119 --> 00:27:33.240
connected markets. There is no way
you can have an adoption globally of anything

316
00:27:33.240 --> 00:27:37.319
in the world without the United States. China has banned crypto, Crypto is

317
00:27:37.359 --> 00:27:44.839
still functioning. If the US tomorrow
tomorrow makes crypto illegal to hold, that's

318
00:27:44.880 --> 00:27:48.279
the end. China has banned it, We're still holding it. If tomorrow

319
00:27:48.400 --> 00:27:52.440
US says if you have crypto or
basic in any form of version it is

320
00:27:52.559 --> 00:27:56.839
illegal, that's in the market.
That's the end because it will be illegal.

321
00:27:57.480 --> 00:28:00.640
So that's the end. My point
here I don't seeing. What I'm

322
00:28:00.640 --> 00:28:06.720
seeing here is that I think as
the most the most powerful. But do

323
00:28:06.799 --> 00:28:12.480
you take that centralized advantage? What
does that mean that finance looping? This

324
00:28:12.759 --> 00:28:18.000
hen't work out? What does the
Sillies mean alimined? What do design means?

325
00:28:18.319 --> 00:28:23.160
You still need to take your physical
dollar to make it digital? So

326
00:28:23.359 --> 00:28:26.720
what is this when I say it
for citizen? What does this mean?

327
00:28:26.680 --> 00:28:32.400
There is no way you can take
paper and make it digital without going through

328
00:28:32.440 --> 00:28:34.319
the financial system. There is no
way. You still have to get it

329
00:28:34.440 --> 00:28:41.079
in somewhere like getting it's getting tightled
to. That's what I'm explained the others.

330
00:28:41.119 --> 00:28:42.640
Now, if you look at you, you play in your steple come

331
00:28:42.759 --> 00:28:49.079
at for example, that's what they
But the US city Lea you also have

332
00:28:49.200 --> 00:28:55.279
to follow. I want to say
it just busy and being being fine because

333
00:28:55.319 --> 00:28:59.960
they have accounts and Iran and the
US made it illegal. But if you

334
00:29:00.319 --> 00:29:04.839
say it's a legal, it's legal
because it just bucy p n B very

335
00:29:06.519 --> 00:29:11.279
and then of these years account use, they really outline before me that cryptal

336
00:29:11.680 --> 00:29:15.880
is not allowed. So that's why
when people are making this, I don't

337
00:29:15.920 --> 00:29:22.200
understand what it means because traditional finders
don't want cryto America always putting this with

338
00:29:22.400 --> 00:29:27.279
network and that's why has another coin
tranted. I'm trying to find shot.

339
00:29:27.480 --> 00:29:32.519
So the crypto market, you guys
do see crypto markets and the like as

340
00:29:32.559 --> 00:29:37.279
it means. They also because they
don't have theirs yet, once they get

341
00:29:37.440 --> 00:29:41.680
fat coin, once they can have
a way to get in, they will

342
00:29:41.799 --> 00:29:44.799
make it off it. They want
to control it. They don't they don't

343
00:29:44.839 --> 00:29:48.319
have a they don't care like they
want to control it. Once they can

344
00:29:48.440 --> 00:29:52.880
control it. Once they have fat
coin, they only havergan coin. They

345
00:29:52.920 --> 00:29:55.920
will make it okay, yes,
now you can buy fat coin now with

346
00:29:56.119 --> 00:30:00.319
legal That's what they're going to do. China has band crypto, work about

347
00:30:00.359 --> 00:30:03.960
it today. If US bands crypto, no space will have crypto because we'll

348
00:30:03.960 --> 00:30:06.759
all know more visa for us.
But let me get Chameleon here, because

349
00:30:06.759 --> 00:30:08.039
he coming on, what's your take
on this matter? And then too,

350
00:30:08.519 --> 00:30:15.000
Camela, we're talking about what's your
take? Cameloon going once, Cameloon going

351
00:30:15.079 --> 00:30:21.720
twice to you that just to you, that're gonna right, just to you.

352
00:30:22.480 --> 00:30:25.480
Your hand is up, please go
ahead. Didn't get it right.

353
00:30:25.799 --> 00:30:27.880
The Camelia was the jump back on. You can't just because I know that

354
00:30:30.000 --> 00:30:34.240
I gotcha a bit. Sorry,
But then he can come back and after

355
00:30:34.240 --> 00:30:37.960
time I'll go back to him.
Go ahead, Google. But but listen,

356
00:30:37.000 --> 00:30:41.000
I think I think when we as
well, I'm born igerant. But

357
00:30:41.119 --> 00:30:44.960
when we the Jurans, complain that
there is no FDI, there is no

358
00:30:45.119 --> 00:30:48.319
FDI for this stage, for new
stage, for this thing, we can

359
00:30:48.359 --> 00:30:52.599
see a prime example of why that
is. Sometimes we think that governance is

360
00:30:52.640 --> 00:30:56.440
about power. But at the times, for the vast majority of it,

361
00:30:56.519 --> 00:31:00.319
it's about competence. And I don't
think that the current administration or anybody is

362
00:31:00.319 --> 00:31:03.720
actually displaying any level of competence.
So you can attract any further FBI into

363
00:31:03.759 --> 00:31:08.400
the country when you know, while
the leading FI, when even leading FBI

364
00:31:08.519 --> 00:31:12.359
is from a currency perspective, it's
just under arrest without a charge, no

365
00:31:12.559 --> 00:31:18.240
charge, like like we like,
we act like this is normal. This

366
00:31:18.440 --> 00:31:22.200
is this is a best part very
behavior. It's a wall two journal.

367
00:31:22.640 --> 00:31:25.799
It's a it's a wall to journal. And the way they crafted it was

368
00:31:25.880 --> 00:31:30.359
that the government is blooming bits called
the binands for its figures. That's how

369
00:31:30.599 --> 00:31:34.799
was to general crafted it. That's
the narrative in America exactly. And sometimes

370
00:31:34.880 --> 00:31:37.480
we I want to go back to
FDA. We talked about FBI, but

371
00:31:37.680 --> 00:31:41.799
like you know, in the wind
I journs abroad in the USA, New

372
00:31:41.880 --> 00:31:45.079
York and d C. And you
know, we have access to some of

373
00:31:45.119 --> 00:31:47.680
the some of the biggest funds you
could ever imagine. But also it's not

374
00:31:47.720 --> 00:31:51.319
that we have access to this some
of the mds of some of these biggest

375
00:31:51.359 --> 00:31:53.839
funds in the world. And Europe
in Legos went to to w went to

376
00:31:55.160 --> 00:31:57.000
university and legos and then maybe get
their masters at M I T or something

377
00:31:57.079 --> 00:32:00.680
like that. You think they don't
want to bring in ayes of the country,

378
00:32:00.680 --> 00:32:02.319
but when they can defend actions like
this, like so some people can't

379
00:32:02.319 --> 00:32:05.640
even speak in our group chats with
like you know, it's it's just a

380
00:32:05.680 --> 00:32:08.680
question mark upon question mark, and
so we're shocking fistill come to the country

381
00:32:08.720 --> 00:32:13.640
when they behave like this. And
also there's no there's no real mechanism to

382
00:32:13.759 --> 00:32:16.200
actually call out some of this behavior
because then it just shifts too. Like

383
00:32:16.440 --> 00:32:21.640
the amount of departments are finding out
that exist in government today is ridiculous because

384
00:32:21.640 --> 00:32:23.079
it shifts from this guy to this
guy to this guy, and it's like,

385
00:32:23.079 --> 00:32:25.359
okay, so why are you actually
holding onto them, like what is

386
00:32:25.440 --> 00:32:30.160
their actual crime? Might actually discuss
what that is and then let these people

387
00:32:30.240 --> 00:32:31.960
go. But you know, we
don't have a legal system to actually like

388
00:32:32.079 --> 00:32:35.920
sue them or to say you've broken
this law. We don't even know what

389
00:32:36.079 --> 00:32:37.799
law they broke. We don't even
know if they know what law they broke.

390
00:32:38.240 --> 00:32:42.519
But it's just it's like it's like
it's just like it's like the free

391
00:32:42.559 --> 00:32:45.279
for all for all this type of
things and then we complain next month that

392
00:32:45.279 --> 00:32:49.160
there's no FDI into this sting into
this country. It's it's it's shattorically just

393
00:32:49.240 --> 00:32:52.680
frustrating. Yeah, I mean,
I don't the government has a right to

394
00:32:52.720 --> 00:32:58.799
go after anyone that it feels has
you know, it's it's the government can't

395
00:32:58.799 --> 00:33:00.279
go after anyone. But the point
I'm making that you do it the right

396
00:33:00.319 --> 00:33:07.359
way because we're not a Banana republic. Why not some small African country where

397
00:33:07.400 --> 00:33:10.759
the largest economy in Africa. For
crying out loud, you just can't take

398
00:33:10.839 --> 00:33:15.599
people, arrest them and say,
oh, let's give us list of ten

399
00:33:15.720 --> 00:33:19.519
names, will not release you.
We can't do that. We can we

400
00:33:19.640 --> 00:33:25.119
do. Nigeria has Nigeria sued Paisa. Paisa is in the US large corporation.

401
00:33:25.519 --> 00:33:30.720
We suit them in Nigeria and we
won in Nigeria and Paisa paid.

402
00:33:30.279 --> 00:33:35.079
Nigeria also has been sued abroad.
We went to a broad defendant and we

403
00:33:35.160 --> 00:33:38.119
did not pay. So it's not
what's this issue. We can sue them.

404
00:33:38.400 --> 00:33:42.200
If you have an issue with Binance, go to Dubai, sue them,

405
00:33:42.240 --> 00:33:45.680
go to us, sue them.
Then you have the legal clock behind

406
00:33:45.759 --> 00:33:52.079
you. But doing it this way. I don't know, man. And

407
00:33:52.240 --> 00:33:55.319
also I think whether we like it
or not, I think over the next

408
00:33:55.359 --> 00:34:00.559
few years we're going to see a
change in how the critical they will leave.

409
00:34:00.640 --> 00:34:01.839
Now, if I say that you're
doing crypto on your own, they

410
00:34:01.839 --> 00:34:06.759
will leave because they will sue you
tomorrow, arrest you tomorrow and say it's

411
00:34:07.000 --> 00:34:10.239
the governanst to find out your ten
your ten biggest customers. So they arrest

412
00:34:10.280 --> 00:34:14.440
you tomorrow. They'll say, give
us know your ten biggest customers. These

413
00:34:14.519 --> 00:34:17.360
ladies in America arrested have come on, man, it's not just the right

414
00:34:17.440 --> 00:34:19.840
to it. I don't know,
man, but let me guess, come

415
00:34:19.880 --> 00:34:22.559
in on it if you can go
ahead. Just Also, the last,

416
00:34:22.639 --> 00:34:24.840
the last thing that you were talking
about is that you know, the US

417
00:34:24.880 --> 00:34:28.840
doesn't want to be a participant in
the crypto game. They want to be

418
00:34:28.960 --> 00:34:31.159
the core center. True, and
I think I believe, I believe that

419
00:34:31.320 --> 00:34:36.880
this is what they're stalling for exactly
that you know they don't want to control

420
00:34:36.960 --> 00:34:40.280
because no country on Earth talks about
their currency without trying to compare to the

421
00:34:40.440 --> 00:34:43.960
US dollar. I know that you
know, breaks made some attempts and they

422
00:34:44.000 --> 00:34:46.639
probably will succeed to an extent,
but the vast majority, the truth of

423
00:34:46.679 --> 00:34:49.679
the matter is that it's not going
to happen. All of the US say

424
00:34:49.679 --> 00:34:52.320
Okay, we want to be the
center that we're going to control. You

425
00:34:52.400 --> 00:34:54.800
know, the biggest mistake crypto guys
made, I send this all the time.

426
00:34:54.920 --> 00:34:59.400
The biggest mistake they middle of saying
we're going to replace dollar. Once

427
00:34:59.440 --> 00:35:01.639
they said that, that was the
end of crypto. If they had simply

428
00:35:01.719 --> 00:35:07.400
said we're gonna do transfer, they
would have been in business today. But

429
00:35:07.519 --> 00:35:10.840
it's how how can you go and
tell the un Nited States is powerful today

430
00:35:12.039 --> 00:35:15.280
because of one or two things.
For one thing, they had the reserve

431
00:35:15.400 --> 00:35:19.320
courage in the world. If you
buy crypt oil, use dollar. If

432
00:35:19.320 --> 00:35:22.480
you buy cocoa from Nunes, you
are used dollar. Whatever you buy in

433
00:35:22.519 --> 00:35:25.119
the whole world, you use the
dollar. So how can you come and

434
00:35:25.239 --> 00:35:30.119
tell them that you you want to
take that power and crypto can take that

435
00:35:30.199 --> 00:35:34.400
power away. Crypto is better,
more efficient, cheaper. If you transfer

436
00:35:34.519 --> 00:35:37.440
money from America to to Africa using
crypto, it's faster and cheaper. So

437
00:35:37.760 --> 00:35:40.760
there's a benefit there. But you
want to go and tell the guy that

438
00:35:40.880 --> 00:35:44.519
you want to take all that power. The Bible says you first of all,

439
00:35:44.719 --> 00:35:47.639
bind demand before you enter his house. So you're not smart. We're

440
00:35:47.679 --> 00:35:52.239
going to replace you. You have
which aircraft carrier we will replace dollar.

441
00:35:52.480 --> 00:35:59.440
But you know it's the problem is
that when when I believe it will happen,

442
00:35:59.800 --> 00:36:02.440
it's happens. Yeah. The last
country they're gonna look at Nigeria,

443
00:36:02.719 --> 00:36:06.800
and that's a big problem because you
know, you know, we spent time

444
00:36:06.840 --> 00:36:08.880
in Kenya and you know, spend
Nigeria and things like that, like a

445
00:36:08.960 --> 00:36:13.320
lot of the scriptures even in Kenya. Know that, I'm always like,

446
00:36:13.400 --> 00:36:15.280
why is everyone obsessed with Nigeria.
But they're like, listen, well that

447
00:36:15.400 --> 00:36:20.719
Nigeria. Forget about crypto in Africa. But now the current administration the best

448
00:36:20.800 --> 00:36:22.599
of themselves to the point where it's
not even going to get a look because

449
00:36:22.679 --> 00:36:27.760
you want to true true. Let's
let's let let let's come home. Let's

450
00:36:27.800 --> 00:36:30.679
come home. Let's call names,
let's take names. Bola Amid Tinobu is

451
00:36:30.719 --> 00:36:36.960
a is a cosmopolitan guy. He's
been around the world. He's mister do

452
00:36:37.519 --> 00:36:42.199
Costopolitan guy being around the world.
Cardoso being around the world is a guy

453
00:36:42.280 --> 00:36:45.800
that you know, know what's happening? Do they actually agree that the NSC

454
00:36:46.159 --> 00:36:52.840
can arrest international executives and keep them
in Abuja indefinitely untill they produce a list

455
00:36:52.920 --> 00:36:58.639
of ten top crypto users. Is
that what we're saying here that these three

456
00:36:58.719 --> 00:37:06.719
people missed that tinobol attable mister okay
with this decision to arrest people you invited

457
00:37:06.880 --> 00:37:13.719
and is always saying, well,
I think that's just a very fun question.

458
00:37:14.440 --> 00:37:16.199
I think one of the things that
we're seeing with this current administration is

459
00:37:16.239 --> 00:37:20.599
that they want to try one hundred
thousand things at the same time, and

460
00:37:20.760 --> 00:37:23.000
so what we're seeing is that they
don't seem to all be aligned. From

461
00:37:23.079 --> 00:37:27.280
that perspective, I think what should
happen is, Okay, this is let

462
00:37:27.320 --> 00:37:29.519
me just let decide set a question
for a second, holdu, Right,

463
00:37:29.719 --> 00:37:31.480
when we look at Dubai for example, u A for example, Yeah,

464
00:37:31.679 --> 00:37:36.079
they have one commander in chief,
they have one goal and everybody leads on

465
00:37:36.199 --> 00:37:40.000
to that goal. And there's no
new magical administration, a new magical department

466
00:37:40.039 --> 00:37:45.159
that's created every other month and something
we've never heard of before. Right in

467
00:37:45.320 --> 00:37:47.119
the case of Najera, it's just
not the same thing, okay, And

468
00:37:47.239 --> 00:37:50.960
so when you have every when you
have different parties that are meant to be

469
00:37:51.039 --> 00:37:52.360
on the same team, you know, doing different things. I can bring

470
00:37:52.400 --> 00:37:54.719
it to a football analogy. When
you have a left back that all of

471
00:37:54.760 --> 00:37:58.679
a sudden happens to be on the
right way, problems are going to happen

472
00:37:58.760 --> 00:38:00.920
in that corner. So I think
there's a little bit of misunderstanding going on.

473
00:38:00.960 --> 00:38:04.199
But that's the result of trying to
do one hundred thousand things at the

474
00:38:04.239 --> 00:38:07.880
same time, because perhaps the previous
administration or even the one before that has

475
00:38:07.960 --> 00:38:09.880
not managed to even say, Okay, this is what we want from Nigeria

476
00:38:09.960 --> 00:38:15.119
from a from a holistic perspective.
So whatever happens is those gonna be causualty

477
00:38:15.159 --> 00:38:17.079
of war. It doesn't matter,
it doesn't matter what department is about.

478
00:38:17.159 --> 00:38:22.079
I'm actually not impact entirely sure what
department decided that it was okay to detain

479
00:38:22.119 --> 00:38:28.280
these guys. But you hear people
like officials like real official. Uh you

480
00:38:28.360 --> 00:38:34.519
know this spokesman to the okay,
but the room right, But the spokesman

481
00:38:34.599 --> 00:38:37.400
to the president said they were detained
for blahlh blah blah. So this is

482
00:38:38.119 --> 00:38:45.639
this is mister Ballatinbu's spokesman, not
the not the NSS. Mister Ballatinus spokesman

483
00:38:45.079 --> 00:38:47.440
said it. So I think that's
the point. I don't think that.

484
00:38:47.519 --> 00:38:52.280
I don't think there's sometimes they think
holistically things that they say. But that's

485
00:38:52.320 --> 00:38:55.559
just that, just all right,
gotcha, let me let me come back

486
00:38:55.559 --> 00:39:00.239
to you. I'm going to head
back to this the listener and something you

487
00:39:00.280 --> 00:39:07.840
know. So Camelon are you are
you okay to speak now, chameleon?

488
00:39:08.719 --> 00:39:15.480
Okay, let's get Luke Lulu Lulu
Nakas, Lulunakas or bitcoin bitcoin guy,

489
00:39:20.840 --> 00:39:22.719
comelon, you can speak? Go
ahead, You've got the time. Go

490
00:39:22.760 --> 00:39:27.519
ahead, mister Camelion, go ahead. Okay, let me take your of

491
00:39:27.639 --> 00:39:34.119
sir, Sorry about that. So
we've got Lulu Nakaz and it's a guy

492
00:39:34.199 --> 00:39:37.159
here that blocked me. Boy,
how is he able to request to speak?

493
00:39:37.320 --> 00:39:39.519
How is that possible? He blocked
me, but he can request to

494
00:39:39.559 --> 00:39:44.239
speak? How is that possible?
On Twitter? World peace? Please go

495
00:39:44.320 --> 00:39:52.519
ahead? What's on your mind?
World peace? H that's interesting if you've

496
00:39:52.519 --> 00:39:55.599
blocked someone? Why I can hear
you? Sir? Go ahead? Yes,

497
00:39:57.920 --> 00:40:05.000
hosting space, thank you everyone the
listening. So for me, I

498
00:40:05.079 --> 00:40:07.159
know that I'm sorry, probably going
to be swimming against the tide here or

499
00:40:07.239 --> 00:40:15.400
going against the grain. But I
have my reservations around crypto generally and crypto

500
00:40:15.559 --> 00:40:21.960
adoption, okay. And for me, I feel that it's going to lead

501
00:40:22.000 --> 00:40:28.679
to lots of freedom because eventually governments
are going to take control of all the

502
00:40:28.760 --> 00:40:32.960
crypto exchanges or crypto in the world. And so the only way to have

503
00:40:34.119 --> 00:40:37.039
money is to have it digital.
And so what if you don't agree with

504
00:40:37.119 --> 00:40:43.199
that government, that means they can
take you off the system, okay,

505
00:40:44.119 --> 00:40:47.559
And so you can hold a contrary
view. If you do, you're going

506
00:40:47.599 --> 00:40:52.159
to be canceled. You can't earn, you can trade, you can't do

507
00:40:52.280 --> 00:40:59.320
anything. And so I don't know
if anyone else has those concerns, and

508
00:40:59.519 --> 00:41:02.639
also if there are ways to sort
of make sure that that doesn't happen,

509
00:41:04.039 --> 00:41:06.840
thanks you. But look at it
this way. Right now, are you

510
00:41:06.960 --> 00:41:08.519
having your pocket or the door you
have? Your pocket today? Is issued

511
00:41:08.559 --> 00:41:15.920
by only the governments. Before the
governments issued currency, anybody could issue currency.

512
00:41:15.519 --> 00:41:22.480
Currency issuance was not only, as
we say, a function of the

513
00:41:22.519 --> 00:41:28.000
government. The US dollar was issued
by many con many individuals and organizations.

514
00:41:28.320 --> 00:41:31.400
Then the US governance says we're going
to happen monopoly, saying with the British

515
00:41:31.480 --> 00:41:36.559
bound saying with the Canadian dollar you
could issue it and collect Canadian dollar.

516
00:41:36.679 --> 00:41:40.480
You could back it up with gold. But now only governments can issue currency.

517
00:41:40.800 --> 00:41:45.880
Do you have a problem with holding
physical paper issued by the government.

518
00:41:45.119 --> 00:41:51.639
Do you have a problem with that? Yes, to ask that question,

519
00:41:52.039 --> 00:41:57.320
yes, governments. Only governments can
issue currency, but they can't control the

520
00:41:57.400 --> 00:42:00.360
supply of currency. Whether that government
once me likes me or not, I

521
00:42:00.400 --> 00:42:04.679
can still get hold of that currency
one way or the other. In short,

522
00:42:04.719 --> 00:42:07.159
even if I like if only drop
the level and traffic or whatever,

523
00:42:07.239 --> 00:42:10.360
I can still get hold of the
currentsy They can't stop me, right because

524
00:42:12.079 --> 00:42:15.760
they don't. Once they've printed it
and is out of the banks, I

525
00:42:15.800 --> 00:42:21.480
can get a hold of it.
But now it's they are full central control

526
00:42:21.559 --> 00:42:24.639
causes on some server somewhere, and
you know, they just need some EI

527
00:42:24.840 --> 00:42:29.239
or some code to sort of detect
me anyway, and that's the end of

528
00:42:29.320 --> 00:42:32.880
it. Right through that marriage of
EI blocked, all this scrypture and stuff

529
00:42:34.199 --> 00:42:37.360
is heading to the way where a
few people can concentrate power in their hands,

530
00:42:37.920 --> 00:42:42.559
and if you go against them,
you can just be dropped off from

531
00:42:42.599 --> 00:42:45.239
the system. Commonly, get you, I agree with you, I get

532
00:42:45.239 --> 00:42:47.559
where you're coming from. That block
trader's hands up. The baby has a

533
00:42:50.239 --> 00:42:52.360
blocked that you have what it said? I mean, it's happening in China.

534
00:42:52.480 --> 00:42:55.920
He's not he's not sensulized. It's
unusual in China. You have a

535
00:42:57.000 --> 00:43:00.679
credit score, you have a social
score. The digital one can be given

536
00:43:00.719 --> 00:43:05.079
to you on your phone and make
it can be removed from your phone.

537
00:43:05.119 --> 00:43:07.440
They can see exactly what you're spending, and the case you don't like when

538
00:43:07.480 --> 00:43:10.920
you're spending, can delete their money
from your phone automatically. So what's your

539
00:43:10.960 --> 00:43:19.920
take. Okay, that's us going
a little bit into the future, because

540
00:43:22.039 --> 00:43:25.519
I don't think Nigeria would opt into
that. We're still doing cash let's banking,

541
00:43:25.599 --> 00:43:32.320
Okay, I don't think Nigeria would
opt for that option due to certain

542
00:43:32.840 --> 00:43:37.800
reasons. Now, you know,
we're in a country that loves moneitary policies

543
00:43:38.239 --> 00:43:45.679
and if all this happens, monitary
policies will weaken. Now that's the major

544
00:43:45.800 --> 00:43:51.679
problem. Then young government is having
the cryptocurrency because with the high inflation,

545
00:43:52.599 --> 00:44:00.840
seasons are moving their money to US
city and this is after in our governments

546
00:44:00.920 --> 00:44:07.280
in terms of the monetary policy being
weak. And secondly, there's reduction in

547
00:44:07.480 --> 00:44:14.760
signor edge revenue. Now, this
is the revenue the government makes when it

548
00:44:14.960 --> 00:44:22.719
brings money. Now, with the
adoption of cryptocurrency by most of it's citizens,

549
00:44:23.119 --> 00:44:30.199
it's going to affect the governments when
it comes to this revenue generation.

550
00:44:30.599 --> 00:44:38.360
So I see why they are strongly
against cryptocurrency. But it's not something that

551
00:44:40.880 --> 00:44:45.079
would last for so long. Why
I say it don't last for so long

552
00:44:45.440 --> 00:44:50.159
is that you can't They cannot fight
the massive stargosy truth. I remember when

553
00:44:50.239 --> 00:44:59.039
crypto was banned. I think that
was during Wharries regime. That's where they

554
00:44:59.119 --> 00:45:04.679
hope hear to per trading started before
Answer even came into the picture. That's

555
00:45:04.719 --> 00:45:08.039
when Luna was banned. I remember
back then, we're using Lulu to buy

556
00:45:08.079 --> 00:45:14.440
cryptocurrency. That was when currency awareness
really came into the Nigeria and it's recially

557
00:45:14.559 --> 00:45:19.960
through the platform called and then it
was bad. All right, all right,

558
00:45:20.119 --> 00:45:23.000
I hear okay, I hear you. The only thing is that they

559
00:45:23.000 --> 00:45:28.159
will have to be I think there's
going to be a center and yeah,

560
00:45:28.920 --> 00:45:35.320
I hear okay. I mean that's
not all about crypto illuminate. I have

561
00:45:35.480 --> 00:45:38.239
you here. I want to talk
to you. About the neirah conveyence as

562
00:45:38.320 --> 00:45:43.360
well, just to say, listen, we now have the nira, the

563
00:45:43.519 --> 00:45:47.800
black market riting quote and the official
rate have now sort of like merged more

564
00:45:47.880 --> 00:45:52.519
or less. What's your take on
this? Do you think it's government policy?

565
00:45:52.159 --> 00:45:54.920
Is it good? Give me your
take on this place, Lumbine,

566
00:45:55.119 --> 00:46:00.320
this conveyence with the nira and the
dollar. I was in Lego and I

567
00:46:00.360 --> 00:46:02.519
could go to the bank and the
banks they could buy my dollar, but

568
00:46:02.599 --> 00:46:06.440
they couldn't sell to me. The
bank had not lot for selling, but

569
00:46:06.480 --> 00:46:08.280
I could sell to them at my
at the rate, and the rate was

570
00:46:08.320 --> 00:46:14.920
the same I saw outside as well. So what's your take? Goes,

571
00:46:15.440 --> 00:46:21.760
But I think for stability, price
stability has been the major concert for entrepreneurs

572
00:46:21.800 --> 00:46:28.480
and you guers now in our market. So I think that's some positive sport.

573
00:46:28.920 --> 00:46:31.280
When you look at the price is
settling and you look at and food

574
00:46:31.320 --> 00:46:38.079
inflation. I look at how for
an extreme effects inflation in Nigeria. I

575
00:46:38.199 --> 00:46:49.360
was reading this map and shoot that
FXFS it takes that on food inflation.

576
00:46:49.559 --> 00:46:52.360
So when you look at the relata
and look at the really suial of the

577
00:46:52.440 --> 00:46:57.760
bank, it's very tricky to say
that when you're satisfied, But I'm say

578
00:46:57.800 --> 00:47:00.400
that, like you said, we've
said some form of stability, but there

579
00:47:00.400 --> 00:47:04.840
are a lot of things that also
made that stability. Community have we said

580
00:47:04.840 --> 00:47:10.679
a couple of banks, but I'm
as that many banks are less proactive in

581
00:47:10.840 --> 00:47:20.000
giving cash. We prefer transfers give
me its. Before when discipling had also

582
00:47:20.119 --> 00:47:25.840
came in form our CP and government
truspended all restrictions. Now it is back

583
00:47:27.440 --> 00:47:31.760
by maximum transfer you can do ten
thousand dollars. So all these things also

584
00:47:32.280 --> 00:47:39.719
has some form. Has controul put
there to be shortterm stability, and we're

585
00:47:39.760 --> 00:47:49.000
seeing prices also taking remedians coming in
play. You saw the excited that FPS

586
00:47:49.079 --> 00:47:57.199
really bought so much of the money
instruments products, so that really them some

587
00:47:57.320 --> 00:48:00.960
form stability. But long term,
definitely we have serious issues. I don't

588
00:48:01.760 --> 00:48:10.480
see like economist An the British said
that a weekend to above two thousands one

589
00:48:10.519 --> 00:48:16.360
good man's success. That well with
the recent wins by different government as well.

590
00:48:16.639 --> 00:48:21.119
But I'm in between. I think
I'm moving more with eponyments in the

591
00:48:21.239 --> 00:48:28.199
GESU because so far the outside the
project padding the cost of the cost of

592
00:48:28.320 --> 00:48:35.400
governance and pour political reforms with high
state of security, you know, one

593
00:48:36.360 --> 00:48:40.639
not spill to rub off the concerns, and that yeah, there's isn't a

594
00:48:40.719 --> 00:48:45.639
very quick So we had Goldman's sax
say it was going to go neither I

595
00:48:45.800 --> 00:48:50.239
was strengthing, and we had is
it the economist Guy Cineta would weakend right,

596
00:48:50.960 --> 00:48:53.280
So we had two opposing views.
So who are you turning towards?

597
00:48:53.559 --> 00:48:59.119
Are you going towards the NIRA strengthening
to twelve hundred or never weakened into the

598
00:48:59.199 --> 00:49:05.840
eight in the two? What's your
what's your take? So when I read

599
00:49:05.880 --> 00:49:08.360
book reports, when I read book
reports, I think I lign more with

600
00:49:08.400 --> 00:49:15.360
your promised intelligency because one of the
key posts that see the fair government needs

601
00:49:15.480 --> 00:49:21.719
does not have the liquidity They gave
case of discipients with the effects assets that

602
00:49:21.960 --> 00:49:28.840
after removing to watives, meeting or
loans, you see that the CPS does

603
00:49:28.880 --> 00:49:35.760
not have enough ammunition to keep dinner
at the level the market I think is

604
00:49:35.840 --> 00:49:39.039
fair. And when I say market
things, first that you look at Cardoso,

605
00:49:39.119 --> 00:49:45.920
you look at the CP Sorry in
stuff finers, they've always felt that

606
00:49:45.400 --> 00:49:52.360
diner I should be fell out seven
one hundred, two hundreds. So their

607
00:49:52.400 --> 00:49:55.480
conversation say that it's not possible that
any way we can get that if we

608
00:49:55.519 --> 00:50:01.679
can get liquidity from foreign players and
looking like you could see that what you

609
00:50:01.679 --> 00:50:05.519
want to give you your money.
And that's why I just constituted the rope

610
00:50:05.679 --> 00:50:15.280
market as already about fifty from Dubai
got in from what five from another For

611
00:50:15.400 --> 00:50:20.039
the idea, it just des by
the fact that our presidents are usually the

612
00:50:20.159 --> 00:50:24.239
most travel with that's not on the
money. So I think that's why I'm

613
00:50:24.280 --> 00:50:30.719
sticking with you. So it's all
about supplying the Yeah, so you're saying

614
00:50:31.079 --> 00:50:35.360
in effect, and we made this
point over and every week calling there,

615
00:50:35.400 --> 00:50:38.159
every week we say this, the
Narra will only get value. Look at

616
00:50:38.239 --> 00:50:45.360
only one in this is gentlemen and
ladies. Oil exports in Niger. Exports

617
00:50:45.480 --> 00:50:49.679
oil your narra. Right when you
people come and say where will never be?

618
00:50:50.119 --> 00:50:53.280
Don't ask when I will be.
Go to the n n PC website

619
00:50:53.400 --> 00:50:59.079
or even go to the pro shere. Look for the the the crude oil

620
00:50:59.239 --> 00:51:02.360
exports in Nigil. You if could
exports go up, then narra will gain

621
00:51:02.480 --> 00:51:06.800
value. Simple, there's no other
metrics. If you look at you can

622
00:51:06.880 --> 00:51:10.639
look at remittances, revetans used to
be if remetans go up, Nara gains

623
00:51:10.760 --> 00:51:14.840
value. But this normatimes people are
not going to P two P. So

624
00:51:14.960 --> 00:51:16.639
the money is coming to Nigeria,
but it's not going to the CBM.

625
00:51:16.679 --> 00:51:20.639
So remeatis is a bit funny.
Now then you have, of course your

626
00:51:20.800 --> 00:51:24.000
fd I and your f p I. Those ones also have to do with

627
00:51:24.199 --> 00:51:29.559
the macro economic fundamentals. It will
take time. What we're getting today is

628
00:51:29.719 --> 00:51:34.199
f PI to take time. But
the real measure is that oil export number.

629
00:51:34.280 --> 00:51:38.719
That's just it. If it goes
up when we have problems with that

630
00:51:39.039 --> 00:51:44.360
exporting order to aig because you really
be the silliest point on. We need

631
00:51:44.400 --> 00:51:50.760
to look at export the cost the
operational costs to produce it that is fortid

632
00:51:52.920 --> 00:51:58.320
Yeah, that is very prizing.
Look at the arrangement of Nigeria's sharing formula.

633
00:51:58.719 --> 00:52:04.800
Nijia doesn't take at max at the
highest side sixty percent because we shared

634
00:52:04.800 --> 00:52:09.440
with we don't take the control the
production. So just imagine could prices President,

635
00:52:09.760 --> 00:52:15.199
could the price that paryer the operational
contact we can have now out of

636
00:52:15.320 --> 00:52:21.199
that half that yes, but six
of the half and put it in one

637
00:52:21.239 --> 00:52:23.719
point three Now okay, if you
will add all those conducts a lot of

638
00:52:23.719 --> 00:52:30.199
people have which I refused to as
as prime could you still cannot get well

639
00:52:30.280 --> 00:52:32.880
and as well as surprising you saw
what all their arm commit that's by the

640
00:52:32.920 --> 00:52:37.400
fact that you can argue that okay, here they control the production production,

641
00:52:37.719 --> 00:52:43.320
but when you look at it with
you stay to company profit, then you

642
00:52:43.400 --> 00:52:46.280
see that it would oil. Now
it's normal, guys, we need to

643
00:52:46.320 --> 00:52:52.000
get to no pers it did.
The problem Nydian oil industry right now is

644
00:52:52.039 --> 00:52:55.440
that we wait too long and that
it's going to get to a point where

645
00:52:55.480 --> 00:52:59.400
we'll have oil but will have a
way to sell it. Look at what's

646
00:52:59.440 --> 00:53:01.960
happening right now in the world.
Saudi Arabia has gone to the United States

647
00:53:02.159 --> 00:53:07.440
and they've bought the shell infrastructure so
they can bringing crude oil from Saudi Arabia.

648
00:53:08.039 --> 00:53:15.159
They imported to a refinery in America, they refine in America, they

649
00:53:15.320 --> 00:53:20.320
sell the PMS in America. So
this is Saudia has bought the entire value

650
00:53:20.400 --> 00:53:23.800
chain. They have their tankers,
they have the refinery, they have defining

651
00:53:23.880 --> 00:53:29.199
stations in America. They're doing the
same thing in South Korea. They're doing

652
00:53:29.239 --> 00:53:34.679
the same thing in China, same
thing in Japan. They're buying the infrastructure.

653
00:53:35.199 --> 00:53:37.639
Nigeria used to have US as the
largest oil exports market. Now we've

654
00:53:37.679 --> 00:53:43.599
lost the tribe because US is not
even exporting oil. US is exporting oil,

655
00:53:43.960 --> 00:53:49.239
but Saudi is exporting oil to the
US refiners in America. Also,

656
00:53:49.280 --> 00:53:52.159
they have dodged that. Now we're
in India. India is the largest oil

657
00:53:52.239 --> 00:53:58.679
buyer. Saudi has gone there.
Indians have left Saudi, Nigeria and a

658
00:53:58.760 --> 00:54:02.159
world to start to buy this counted
oil from Russia because it's cheaper. So

659
00:54:02.519 --> 00:54:07.679
you get to a position where the
largest oil buyers, the US, the

660
00:54:07.840 --> 00:54:10.760
Europe, the India, the South
Korea would have locked up contracts with Saudi,

661
00:54:12.159 --> 00:54:16.280
Iran and Russia and Niger will have
lots of oil. But know what,

662
00:54:16.400 --> 00:54:21.559
sorry to we're not really diversifying a
way that oil we have. Where's

663
00:54:21.559 --> 00:54:25.159
it's saying that the oil we have
while doesn't sporting crude oil refiner we now

664
00:54:25.239 --> 00:54:30.239
have maybe cans have to break down
that oil to buy prota we can export.

665
00:54:30.320 --> 00:54:32.280
But we're not yet there yet,
and I feel that the more we

666
00:54:32.400 --> 00:54:37.559
waste time, the more these green
people will catch up with us. Right

667
00:54:37.639 --> 00:54:40.480
now, the biggest risk to Nigeria
that I see it's a lawsuiting in New

668
00:54:40.559 --> 00:54:46.800
York saying that crude oil is damaging
the world's environment and they will put Nigeria

669
00:54:46.920 --> 00:54:52.360
as a defendant. So crazy,
greater girl, just do it and they

670
00:54:52.360 --> 00:54:57.039
will put that building in New York
and n NPGP Morgans are as defendants tonight

671
00:54:57.119 --> 00:55:00.199
for Nigeria. Will they win?
They don't have to win. They have

672
00:55:00.280 --> 00:55:05.199
to damage the revenue streams so much
by defending that case that it won't make

673
00:55:05.280 --> 00:55:09.280
sense to do business. You think
it's will happen. They've already sued Exxon,

674
00:55:09.559 --> 00:55:15.400
Chevron Conoco in America on this exact
thing and they lost. They're going

675
00:55:15.480 --> 00:55:20.199
to suit them again. They'll sue
them again. They will involve everyone.

676
00:55:20.320 --> 00:55:23.199
The idea is to make it difficult
or expensive for you to have been the

677
00:55:23.280 --> 00:55:29.039
oil business if not for the Ukraine. World guys, remember that right now

678
00:55:29.559 --> 00:55:34.280
oil and gas was banned from getting
any new loans in America. Oil and

679
00:55:34.440 --> 00:55:38.199
gas they included gas. Remember miss
one of those VP went to start to

680
00:55:38.519 --> 00:55:42.880
Dubai and what was telling them gas
is clean? Why are you banning gas?

681
00:55:42.960 --> 00:55:46.360
But in America today they want to
bang gas. In Washington, you

682
00:55:46.519 --> 00:55:51.760
cannot get the passed the law that
any new building cannot use gas. Gas

683
00:55:51.880 --> 00:55:54.000
doos that comunatter gas toes. I
don't know what their promise. So we

684
00:55:54.119 --> 00:55:58.920
can't use fossil fuels, we can't
use gas. Wash your cook food with

685
00:56:00.079 --> 00:56:02.280
wind and solar? What if this
is cloudy? What is no wind like

686
00:56:02.360 --> 00:56:06.280
what happened in Texas a few years
ago. But that's where these green guys

687
00:56:06.320 --> 00:56:08.559
are going to and as you know, but when it concerns them now that

688
00:56:08.599 --> 00:56:13.400
they're in trouble there, they're using
coal in Germany. But they want the

689
00:56:13.440 --> 00:56:16.039
world to be great. Once they
get this European use Ukraine, world goes

690
00:56:16.079 --> 00:56:21.360
away, they will come back to
this nonsense of banning fossil fuel and Niger

691
00:56:21.480 --> 00:56:23.559
might be caught up, might be
too late in the game that we'll have

692
00:56:23.639 --> 00:56:27.760
all secured markets that will take our
oil. That's my fear, you know,

693
00:56:28.119 --> 00:56:32.920
so very strategic any energies at fifty
percent our gas fifty percentization, This

694
00:56:34.239 --> 00:56:37.079
was a cash cow. With fifty
percent you know, we're not exporting my

695
00:56:37.199 --> 00:56:43.119
declining force majure, we're not invested
in new trains. So this opportunity that

696
00:56:43.360 --> 00:56:46.480
Russia gas is now being in question
or we can't take advantage, big big,

697
00:56:46.519 --> 00:56:50.880
big problem, big big problem with
there. So if we can't export

698
00:56:51.000 --> 00:56:54.119
more crude oil, we can't export
more gas, and price of crude oil

699
00:56:54.320 --> 00:56:59.760
force to say sixty, this country
is overall. I'm not making it.

700
00:57:00.079 --> 00:57:05.400
What if oil price falls to say
sixty, it's all over. It's all

701
00:57:05.599 --> 00:57:09.960
over because Loclomdia said, if the
price barrel is to produce is forty eight

702
00:57:10.480 --> 00:57:15.360
and oil price is sixty, twiners
will now pay an everybody, So a

703
00:57:15.440 --> 00:57:22.320
big problem. Batty your lice B
off B summer b summer. Yes,

704
00:57:22.039 --> 00:57:30.320
yeah, yeah, I can well
go ahead, all right, so you

705
00:57:30.400 --> 00:57:36.039
just make it points around something earlier, around how easy it's gonna be for

706
00:57:36.800 --> 00:57:39.840
the United States to bann crypto Well, I will basically be talking about it's

707
00:57:39.880 --> 00:57:45.920
going on. Why that is not
gonna be as paying forward as to sound.

708
00:57:46.239 --> 00:57:52.320
We not have countries now that are
adopting like which country, like which

709
00:57:52.360 --> 00:57:58.960
country? Salvado is not bigger than
abbya state. No, I'm making a

710
00:57:59.039 --> 00:58:04.880
point right again, I'm making a
point. And China again was it the

711
00:58:05.000 --> 00:58:12.000
last market twenty twenty and twenty they
did bann and they did ban cryptocurrency in

712
00:58:12.039 --> 00:58:17.000
the country, But as today,
the largest amount of minus. Again,

713
00:58:17.039 --> 00:58:21.519
I can litt talk more about it's
going. It's still from China. What

714
00:58:21.760 --> 00:58:27.280
the best thing government can do is
just to ban the usage or to ban

715
00:58:27.400 --> 00:58:31.960
the centralized exchanges, right, which
is just a fraction of the cryptocurrency market.

716
00:58:32.920 --> 00:58:37.079
So it will its reduce the adoption
to some extent. But again,

717
00:58:37.519 --> 00:58:45.400
any end you tried telling any country
that's experience inflationary that AGIN and I are

718
00:58:45.440 --> 00:58:52.559
currently using cryptocurrencies and that it's banned. That if the markeages goes underground,

719
00:58:52.920 --> 00:58:59.639
it's tike going to it. Crypto
is not going anywhere. Yeah, they

720
00:58:59.719 --> 00:59:05.400
haven't banded the point I made.
It's still standing in the US. Let

721
00:59:05.440 --> 00:59:07.960
me ask you a question if you
but if you just example, and I'm

722
00:59:08.000 --> 00:59:15.920
not in anything, just example,
if cocaine was anti inflationary, If you

723
00:59:15.000 --> 00:59:19.679
buy a bag of cocaine, the
price is not fall, it does not

724
00:59:19.960 --> 00:59:22.960
rise. You know, it keeps
your money safe. Will you travel with

725
00:59:23.039 --> 00:59:29.599
a bag of cocaine because you want
to, but it's banned. The point

726
00:59:29.679 --> 00:59:36.280
I'm making is that cocaine is no
B B B. The point I am

727
00:59:36.360 --> 00:59:42.159
making is that cocaine is banned,
so you don't even consider any effects whatsoever.

728
00:59:43.039 --> 00:59:47.400
You don't evote go there because it
is banned. That doesn't mean anything,

729
00:59:47.440 --> 00:59:52.000
because it doesn't mean anything. What
are you talking about it? Would

730
00:59:52.000 --> 00:59:54.760
you okay, let me give you
were you said money? Would you got

731
00:59:54.880 --> 01:00:01.119
would you send monetary bank in North
Korea because they have zero corte? Would

732
01:00:01.119 --> 01:00:07.280
you put money advantage saying money if
if that's your question, if a bout

733
01:00:07.400 --> 01:00:12.719
in lorst Korea offered years The point
you're making is again, this will reallymit

734
01:00:12.840 --> 01:00:17.320
if I am used to as in
I know about cryptocurrency, right, and

735
01:00:17.480 --> 01:00:22.199
then there is and as in the
government or the country chooses to banns is

736
01:00:22.280 --> 01:00:25.639
one thing. If you are not, you're noting this space. And then

737
01:00:25.760 --> 01:00:31.960
the government choose to banners and then
obviously it's not something that you're already used

738
01:00:31.960 --> 01:00:37.079
to. I'm talking about this is
something that you already live by, right,

739
01:00:37.320 --> 01:00:39.960
as in a large number of people, especially in high inflational countries.

740
01:00:40.079 --> 01:00:45.800
Right, You've got people from is
it Turkey, as in any country,

741
01:00:45.880 --> 01:00:51.159
any high inflational country, they are
already You've got before Argentina and you got

742
01:00:51.400 --> 01:00:57.320
from most of South America. They
are already used to cryptocurrency. So even

743
01:00:57.840 --> 01:01:00.880
with peven in the extent where the
country and injured has banned the currency.

744
01:01:00.920 --> 01:01:07.480
The number of times that did not
stop because because the U S, the

745
01:01:07.719 --> 01:01:13.320
U S is the only country on
earth that can bang it only block.

746
01:01:15.119 --> 01:01:19.880
I'm asking your con I'm askin question
when you say you say, allow me

747
01:01:19.960 --> 01:01:27.400
again, point making again different,
because then the US can block centralized Actually

748
01:01:27.400 --> 01:01:30.960
even you're actually doing it, and
it happened, was it towards the least

749
01:01:31.039 --> 01:01:37.840
last year, a number of the
centralized reels from most of the were blocked.

750
01:01:38.440 --> 01:01:44.679
But again that is I think that
that that that that can only happen,

751
01:01:44.800 --> 01:01:50.719
that that is the extent of the
power of I'm not arguing, see

752
01:01:50.800 --> 01:01:52.039
I'm not again. Oh, I'm
just telling is a very simple fact.

753
01:01:52.559 --> 01:01:59.000
The Indians, the the Caaraguans,
the Chinese, I cannot ban anything global.

754
01:02:00.199 --> 01:02:02.920
Only the U S can ban something
global to have an effect, only

755
01:02:04.000 --> 01:02:07.480
the US. And I'm saying that
the reason why if the U S today,

756
01:02:07.960 --> 01:02:14.639
if the US Federal Reserve and the
fbn C say, holding crypto blockchain

757
01:02:14.800 --> 01:02:19.400
whatever you call it, is illegal, I am telling you that it will

758
01:02:19.480 --> 01:02:23.280
stop because nobody wants to break the
law. Would you know, do you

759
01:02:23.440 --> 01:02:30.599
give me would you now? But
it has not been banned in the US.

760
01:02:30.760 --> 01:02:35.079
Now, so what are you boring
up the US again? So the

761
01:02:35.199 --> 01:02:44.360
point is, I mean, it's
not saying so you are saying that forget

762
01:02:44.400 --> 01:02:51.400
the physibility, sir, cocaine is
banned. Coming down to about right,

763
01:02:51.440 --> 01:02:55.960
I mean, what about right now? Is this something the United you are

764
01:02:57.079 --> 01:02:59.960
were not? You are? You
are? You are missing an argument completely.

765
01:03:00.199 --> 01:03:01.679
Nobody is saying the US is going
to ban crypto. That's not the

766
01:03:01.840 --> 01:03:06.480
argument, sir, Allow me,
allow me to allow me to allow me

767
01:03:06.519 --> 01:03:10.559
to make it. I don't just
to stay on this a long time.

768
01:03:10.639 --> 01:03:14.360
We're not debating it. The US
comment is going to ban crypto, not

769
01:03:14.440 --> 01:03:17.440
gonna bank crypto. It's a very
very simple point we're making. We're talking

770
01:03:17.519 --> 01:03:23.800
about the rich the currency did that. The US government is simply trying to

771
01:03:24.039 --> 01:03:30.400
control cryptocurrency. That's why he's doing
what he's doing. The instant the US

772
01:03:30.480 --> 01:03:36.400
FED can control the issuers. The
regulation they've passed through of crypto, it

773
01:03:36.519 --> 01:03:40.199
would accept it as legal tender.
That's all we're saying. Nobody here is

774
01:03:40.199 --> 01:03:44.480
saying they're gonna ban it. US
government can. It's not going to ban

775
01:03:44.599 --> 01:03:46.159
it. The point I'm making to
you, sir, is. If the

776
01:03:46.280 --> 01:03:52.000
US government wakes up tomorrow and says
they want to ban it, they have

777
01:03:52.280 --> 01:03:54.320
their ways of banning it. I'm
not the US government. You are not

778
01:03:54.400 --> 01:03:59.760
the US government. The same way
they have banned you dealing with Iran,

779
01:04:00.239 --> 01:04:03.960
not Korea, it's the same way
they will stop you doing with cryptocurrency.

780
01:04:04.599 --> 01:04:09.599
Let's not go into the weeds of
this. We're not we're not experting this.

781
01:04:10.159 --> 01:04:13.079
If they place a sanction on the
country, you can't deal with the

782
01:04:13.119 --> 01:04:15.320
country, No bank will deal with
you. And if you pass it through,

783
01:04:15.559 --> 01:04:18.760
especially the target terrorism, do you
want to be tag as a terrorist

784
01:04:18.920 --> 01:04:23.280
by the US government? Is that
what you want? No? So what

785
01:04:23.440 --> 01:04:25.920
why are you talking about? You? Why? Why not caring cocaine?

786
01:04:25.960 --> 01:04:29.199
Even if cannabis is it's not medicinal, Why don't you travel with it?

787
01:04:29.519 --> 01:04:32.960
God is medicinal. Nobody wants wahala
and everybody run away from it. That's

788
01:04:32.960 --> 01:04:35.280
the point. I mean, I'm
very simple. I'm not going to the

789
01:04:35.320 --> 01:04:39.039
weeds of Okay, this this is
that just can't be very simple here.

790
01:04:40.639 --> 01:04:47.840
Looker, Lulu, You've got the
point. Luluc Calu, thank you very

791
01:04:47.960 --> 01:04:54.559
much for having me on this space. As usual, as from what I

792
01:04:54.639 --> 01:05:00.719
can see, I can see that
you have a cup in knowledge about the

793
01:05:00.880 --> 01:05:08.599
technology, and you know that and
probably there's a gap of knowledge and the

794
01:05:08.719 --> 01:05:15.119
difference between you know, bitcoin and
other cryptocurrencies. Bitcoin is a very very

795
01:05:15.239 --> 01:05:21.320
unique asset, very very unique in
its technology. First, it is a

796
01:05:21.480 --> 01:05:28.079
libertarian technology. The way it was
even created itself. You know, it

797
01:05:28.400 --> 01:05:33.880
turns from you know, the need
of humans, you know, the fundamental

798
01:05:34.480 --> 01:05:41.360
rights of a human being to own
money, to transact freely, you know,

799
01:05:41.519 --> 01:05:45.480
without restriction. So in fact,
from what I can see from my

800
01:05:45.599 --> 01:05:49.880
study of bitcoin, as I even
think, I'm not I'm not the only

801
01:05:49.920 --> 01:05:56.800
one speculating. It's even I think
this technology came from the NSC, the

802
01:05:57.000 --> 01:06:05.639
US security agencies. Because how come
that the only cryptographic sequence that the NAC

803
01:06:05.960 --> 01:06:15.360
cannot cryptographic cryptographically crack was the one
that sat she used. How all other

804
01:06:15.480 --> 01:06:19.119
cryptographic proofs can be hashed. Okay, you guys, as you start speaking

805
01:06:19.199 --> 01:06:25.920
this big technical grammar, because you
quote unquote you have it, listen if

806
01:06:25.960 --> 01:06:28.599
you go, I just want to
make your point, make your point.

807
01:06:29.559 --> 01:06:33.320
Yeah, So well, anyway,
that's that's that's by the way. So

808
01:06:33.519 --> 01:06:40.239
for bitcoin, I say, oh, the genius of Sati was the technology

809
01:06:42.159 --> 01:06:45.119
in this in this bitcoin bitcoin?
But can I ask a question? Can

810
01:06:45.159 --> 01:06:49.199
I ask a question? I?
Can I ask you a question? Can

811
01:06:49.239 --> 01:06:51.480
I ask you a question? Sir? I don't start. You can ask

812
01:06:51.519 --> 01:06:56.159
you a question? All right?
Go ahead. If I have a paper

813
01:06:56.280 --> 01:07:01.719
paper dollar my wallet, how can
I take it to become a digital currency?

814
01:07:01.920 --> 01:07:08.920
How we are going to the internet. No, that's a different thing

815
01:07:09.199 --> 01:07:14.360
entirely. What you're talking about now
is called real world asset. Just asking

816
01:07:15.679 --> 01:07:20.639
a way I can take my paper
dollar or nira and make it digital without

817
01:07:20.760 --> 01:07:27.280
going through the internet. Of course, not you you can? You can?

818
01:07:27.480 --> 01:07:30.000
You can you do that through the
internet. However, they did have

819
01:07:30.119 --> 01:07:35.920
two separate things entirely. Go ahead, These are two separate things entirely.

820
01:07:36.000 --> 01:07:40.880
That's why I said that it's coin
and all that cryptos are different. What

821
01:07:41.039 --> 01:07:45.519
you're talking about now is the technology
that is employed by something like the USTATA,

822
01:07:46.039 --> 01:07:53.440
the U S d T that you
know, it's a tykenization of of

823
01:07:53.639 --> 01:07:57.599
real world assets. Actually, you
know, and did that's a different thing

824
01:07:57.840 --> 01:08:03.079
entirely now from the US. Of
course, just like they did before where

825
01:08:03.159 --> 01:08:08.880
they stopped everyone from owning gold.
You know this, they stopped everybody,

826
01:08:08.920 --> 01:08:12.400
But did that stop people from owning
gold. Yes, it did. It

827
01:08:12.519 --> 01:08:15.039
did in America, you could not
own gold, it did. No,

828
01:08:15.439 --> 01:08:21.159
No, people still held for jewelry. You couldn't. Don't. You just

829
01:08:21.239 --> 01:08:25.800
answered your own question. You've just
answered your own question. You said they

830
01:08:25.880 --> 01:08:28.640
had to hold it on the ground. That was the question I asked you.

831
01:08:28.880 --> 01:08:30.560
So they stopped. So why didn't
hold on the ground? Why are

832
01:08:30.560 --> 01:08:34.199
on the ground? Why not?
Openly? But point now solves that problem.

833
01:08:35.159 --> 01:08:43.079
Who controls the internet? Who controls
the Internet? See what's okay with

834
01:08:43.560 --> 01:08:51.560
the US shut down the Who controls
the internet? The Internet central But you

835
01:08:51.600 --> 01:08:57.319
don't think the US government controls the
Internet? You don't think so you really

836
01:08:57.399 --> 01:09:00.439
want to tell me that you don't? You don't think so? Okay,

837
01:09:00.439 --> 01:09:06.479
Okay, it's in this centralize I
forgot. Okay, sorry, in these

838
01:09:08.640 --> 01:09:13.399
centralized that very they will be shooting
themselves on your foot for them to shut

839
01:09:13.560 --> 01:09:19.520
down. I just who I said. But you know, you know you

840
01:09:19.720 --> 01:09:24.199
guys should marry well. I wish
to argue. I remember the year nineteen

841
01:09:24.720 --> 01:09:28.000
was in nineteen ninety I was arguing
with my friends. They went to foot

842
01:09:28.079 --> 01:09:31.479
Miner. I'm sure that's foot Miller. My two friends there were it Burgos.

843
01:09:31.840 --> 01:09:36.760
They were arguing that the US government
cannot read emails. Background Bill Lamon

844
01:09:36.800 --> 01:09:41.159
were just reading, I said,
the US government because they created it,

845
01:09:41.319 --> 01:09:45.399
they can't read the emails. It's
impossible that there are nodes that because there

846
01:09:45.399 --> 01:09:47.279
are nodes, you can't break the
notes. So you carried emails? Where

847
01:09:47.279 --> 01:09:51.359
are we today? Who built the
Internet? Who built it? So you're

848
01:09:51.439 --> 01:09:57.119
telling me that if you write an
email and you all this telegram that the

849
01:09:57.239 --> 01:10:00.640
NLS you read it without you're telling
me because they it's not telling me.

850
01:10:00.720 --> 01:10:03.000
Okay, if you're just telling me, you are correct. Like I said,

851
01:10:03.000 --> 01:10:09.439
I don't I don't know, like
the centralized What does that mean?

852
01:10:10.359 --> 01:10:14.720
Every smarty posted? What does that
freaking mean? What does it mean?

853
01:10:15.760 --> 01:10:29.720
No? No, jeez, down
the internet as of now. I am

854
01:10:29.800 --> 01:10:34.199
not what if I what if I
put in say guys, I'm not saying

855
01:10:34.520 --> 01:10:36.880
short the Internet. I'm saying that
you guys have been a bit naive here

856
01:10:38.319 --> 01:10:43.039
to say that the US government does
not read emails, does not know where

857
01:10:43.039 --> 01:10:46.119
your you think that the US government
is not. No, you're a bit

858
01:10:46.239 --> 01:10:50.640
naive here, man naive here,
this is naivety. But in terms of

859
01:10:50.800 --> 01:10:55.439
shutting down this, I did not
say shut it down, or I did

860
01:10:55.520 --> 01:10:59.359
not say. I didn't use those
words. I said, even even banning,

861
01:10:59.520 --> 01:11:01.640
even if I want to travel with
my bitcoin, all I need is

862
01:11:01.680 --> 01:11:06.079
my twelve seed? How will it
get to your twelve seed? I did,

863
01:11:06.199 --> 01:11:11.840
actually did? I asked you,
how did it? How will it

864
01:11:12.079 --> 01:11:14.239
get there? You? I asked
you a question. Can I take my

865
01:11:14.319 --> 01:11:16.840
dollars to my to this? You
said no, So once I go from

866
01:11:17.039 --> 01:11:20.199
dollar, I must go to the
Internet to put it to digital. You

867
01:11:20.279 --> 01:11:29.279
said yes. Now you're telling me
what are we talking about? Like I

868
01:11:29.319 --> 01:11:31.000
said, you said, I don't
have manager. But I'm asking you simple

869
01:11:31.119 --> 01:11:34.399
questions and you're answering simple questions.
So that's the thing with you guys.

870
01:11:34.600 --> 01:11:42.840
You make it so complicated. You
can actually change your dollars to bitcoin if

871
01:11:43.159 --> 01:11:51.680
in the market without the internet without
the Internet, mister b without the internet.

872
01:11:54.520 --> 01:11:59.359
Yeah, but without the internet,
without the internet. If I can't

873
01:11:59.359 --> 01:12:01.920
do it without the how would you
do without the internet? Let me let

874
01:12:02.000 --> 01:12:05.079
you know, Let me tell you
know. This is South African guy that

875
01:12:05.560 --> 01:12:12.600
looks this U S s d transaction
kind of stuff. U S s Now

876
01:12:14.119 --> 01:12:18.640
what does your run on personality?
But he works with us? What does

877
01:12:18.720 --> 01:12:25.079
your run on? What does your
s s D run on? What does

878
01:12:25.159 --> 01:12:29.880
your s s D run on?
There also black board. I'll be on

879
01:12:30.000 --> 01:12:31.640
my black board, I write U
S s D. I'll be on my

880
01:12:31.760 --> 01:12:42.479
blackboard. What does your ss D
run on? We're talking, we're talking

881
01:12:42.600 --> 01:12:47.840
personal financial cool. Don't don't come
here, just move. That's I don't

882
01:12:48.119 --> 01:12:55.840
That's what I don't tell me.
I don't have knowledge of internet. How

883
01:12:55.880 --> 01:13:00.119
does over so you used black board
to trade their bitcoin? You don't go

884
01:13:00.159 --> 01:13:12.079
to internety blackbird USSD Anyway, anyway, I think okay, let's let let's

885
01:13:12.159 --> 01:13:14.680
let lets let's let's leave it.
Let's leave the topic. The point we're

886
01:13:14.760 --> 01:13:16.399
making is we're not saying the US
going to go to band bitcoin. What

887
01:13:16.640 --> 01:13:19.960
is said at the beginner of the
US government that if mister Trump wins,

888
01:13:20.359 --> 01:13:26.239
there's going to be more adoption of
bitcoin and blockchain. We said it here.

889
01:13:26.600 --> 01:13:30.720
We're not anti bitcoin, we said
it here. The point the point

890
01:13:30.760 --> 01:13:35.000
where making is that right that if
if if the US government decides to make

891
01:13:35.159 --> 01:13:40.600
something illegal, it's illegal, does
no matter bitcoin if they make cannot be

892
01:13:40.840 --> 01:13:44.119
legal, it's illegal today. This
cannot be in America. Be but you

893
01:13:44.159 --> 01:13:46.960
can't open the bank account but it's
illegal, so why not let's not make

894
01:13:47.039 --> 01:13:50.720
it to bitcoin is this doesn't mean
anything. There are many things that if

895
01:13:50.720 --> 01:13:56.720
I arrested here in America that they
have found their wallets and without them breaking

896
01:13:56.760 --> 01:14:00.760
it, they will tell you this
wasn't it. So let's need that matter

897
01:14:00.960 --> 01:14:05.680
entirely. We're not experted. Let
us try to reduce the nobody. No,

898
01:14:05.960 --> 01:14:10.319
nobody only cares about this thing.
The point I'm making is that it

899
01:14:10.439 --> 01:14:15.640
doesn't matter. Nobody cares about this
thing. You're saying what were saying that

900
01:14:15.239 --> 01:14:17.439
I'm not. I'm talking about this. I'm talking about some of the points

901
01:14:17.439 --> 01:14:24.960
I'm making. One around the the
The United Statement can show down the Internet

902
01:14:25.880 --> 01:14:30.880
as that now that no one single
country can show down. That's just completely

903
01:14:30.960 --> 01:14:33.640
for what happened, what happened in
Ukraine? What happened in Ukraine? The

904
01:14:33.720 --> 01:14:39.319
internet work? What happened in Ukraine? What happened in Ukraine? One country

905
01:14:39.399 --> 01:14:43.560
can show what happened in Ukraine can
shows to this specific country. But what

906
01:14:44.560 --> 01:14:50.680
what happened to Ukraine when Russia invaded
Ukraine? The Ukrainians have internet access when

907
01:14:50.800 --> 01:14:57.319
Russia invaded the firstiva. Let's move
on. So let's move on let's move

908
01:14:57.359 --> 01:15:02.359
on. You are completing things.
You just agreed that guys just again that

909
01:15:02.520 --> 01:15:08.960
in Ukraine. Guy, if he
dies again, guy, let's move on.

910
01:15:09.560 --> 01:15:14.439
Mister Adams, We're talking about lot
of issues here, fertilizer conveyence and

911
01:15:14.640 --> 01:15:18.279
p R B T C. What's
on your mind? Adams? I can't

912
01:15:18.279 --> 01:15:20.680
proither that. That's too love for
me. Finals what's up? Go ahead,

913
01:15:21.319 --> 01:15:28.079
Adams, You've got the floor.
Yeah, Adams squared, I can

914
01:15:28.159 --> 01:15:31.600
hear you very well. Oh our
apologies. I was just enjoying the back

915
01:15:31.680 --> 01:15:38.560
and forth just now. Your street
is so people don't realize what government is.

916
01:15:38.680 --> 01:15:43.640
After God, after God, the
maker of everyone and the next was

917
01:15:43.760 --> 01:15:48.880
powerful thing in this life. This
government government can do and don't do.

918
01:15:49.640 --> 01:15:56.800
So this evangelist of no one single
country can do this. You're most saying

919
01:15:56.840 --> 01:16:02.119
something better than the US waiting there
all join before you know. You're having

920
01:16:02.319 --> 01:16:06.399
everybody shutting down, this everybody running
away. So that let me just say

921
01:16:06.399 --> 01:16:11.479
what I want to say as regards
this bitcoin issue, I think I've made

922
01:16:11.520 --> 01:16:15.760
convention on it on different forums.
The thing is we're not considering two things

923
01:16:15.760 --> 01:16:25.520
here, capital flights and control,
capital flights and controul. Now I will

924
01:16:25.600 --> 01:16:30.279
ask the question, and I want
this our bitcoin evangelists to answer me.

925
01:16:30.960 --> 01:16:38.239
How was bits coin directly directly imparted
in nigeria economy? I was bits coin

926
01:16:39.439 --> 01:16:44.800
directly see the word that is not
indirectly directly impacted some of all the dig

927
01:16:45.279 --> 01:16:48.600
But I think they have impacted.
I think it's been ver very positive for

928
01:16:48.720 --> 01:16:54.000
Nigeria because what they've done is that
I've allowed liquidated to flow to Nigeria at

929
01:16:54.039 --> 01:16:59.720
a cheaper cost. There's been a
direct impact, direct correation between PE to

930
01:16:59.800 --> 01:17:04.840
P dollar availability and all liquidity.
Because don't forget that's where I'm coming from.

931
01:17:05.039 --> 01:17:11.079
I'm talking. I'm answering your questions
about capital. How I put it

932
01:17:11.199 --> 01:17:15.920
down, have a libility of the
capital I mean to flu in the economy.

933
01:17:15.960 --> 01:17:17.520
So when we talk to those are
like stocks. If I buy the

934
01:17:17.560 --> 01:17:23.800
stock of Dangote, for instance,
I'm invariably contributing to the economy because Dan

935
01:17:24.199 --> 01:17:30.319
is assessing capital from my phone.
That's what I'm saying. So this scripture,

936
01:17:30.359 --> 01:17:33.800
assets or digital set in colds are
just various projects in one way or

937
01:17:33.840 --> 01:17:38.359
the other. That in a way, I'm not talking about the old exchange

938
01:17:38.960 --> 01:17:42.800
due processing of fons moving from from
one place to another. Of course we

939
01:17:43.239 --> 01:17:45.479
can't take that. That's made it
easy. I'm talking about really part so

940
01:17:45.680 --> 01:17:49.279
safely said something. This was what
it was fighting that when I'm seeing this

941
01:17:49.399 --> 01:17:53.760
money in the economy, when am
I seeing this form? The money is

942
01:17:53.800 --> 01:17:56.560
in the economy. The money is
in the economy. You're not saying the

943
01:17:56.720 --> 01:18:00.119
CBN if there was not and then
I will be one to ten thousands to

944
01:18:00.239 --> 01:18:05.039
one. It's in the economy,
Adams. It's there. You are years

945
01:18:05.079 --> 01:18:10.960
confusing money in CBN and money in
the Nigeria economy. If there were no

946
01:18:11.199 --> 01:18:15.840
dollars, it will be ten thousand
to one dollars in the niger economy.

947
01:18:15.319 --> 01:18:18.479
That's why when you got to your
quote unquote guy on the street, he

948
01:18:18.560 --> 01:18:28.960
gives you dollar, where's he getting
it from? The places Adams were hopping.

949
01:18:29.279 --> 01:18:31.319
Adams wanted the please hoppen and maybe
give you on take. Yeah,

950
01:18:31.359 --> 01:18:38.800
yeah, okay, I just want
to Okay, it's you know and try

951
01:18:39.600 --> 01:18:45.840
that does the truth of the matter
is that the group, to mar kead

952
01:18:45.159 --> 01:18:50.520
has the direct part of your economy. Look at your employment. But I'm

953
01:18:50.560 --> 01:18:55.079
going to the histories or that,
so I don't know, you can't do

954
01:18:55.520 --> 01:19:00.399
I'll go to the well, teach
them. I don't put now to market

955
01:19:00.439 --> 01:19:04.399
as the pattern, there's no questions
for that. Now the the key,

956
01:19:04.760 --> 01:19:12.439
the key is that why what liks
Nderian gods whether about markets is that you

957
01:19:12.520 --> 01:19:17.560
don't have the judicial over the crypto
markets now folds don't go through and folds

958
01:19:17.600 --> 01:19:24.640
that don't go through traditional channels most
like and not. That was why from

959
01:19:24.680 --> 01:19:29.039
as there are ones in the black
markets, but we don't know how those

960
01:19:29.079 --> 01:19:35.880
ones are coming in and simply worth
because traditional influence was at its blue remuts

961
01:19:36.039 --> 01:19:41.560
was as blue, but the black
market was built world because there were other

962
01:19:41.840 --> 01:19:45.760
means that the CIBA had no control. And that's where they get worried on.

963
01:19:46.479 --> 01:19:48.560
Yeah, I love that. The
point I make is that the money

964
01:19:48.680 --> 01:19:53.840
is coming in, but the cibion
has no control. That's what the money

965
01:19:54.000 --> 01:19:57.800
is coming in. Okay, So
this is what I'm saying. See,

966
01:19:57.840 --> 01:20:03.800
from the point of pron movements is
established to manage and connor if you have

967
01:20:04.000 --> 01:20:12.039
more phones flowing outside government, dann
in government, it's dangerous because you don't

968
01:20:12.079 --> 01:20:17.239
know who who is moving these things
and forwards. So that's what I'm saying

969
01:20:17.800 --> 01:20:23.680
is your money from the point is
my money your money Okay, people might

970
01:20:23.720 --> 01:20:27.000
be is it is it my right? You your money? Is this I'm

971
01:20:27.000 --> 01:20:29.479
supposed to know it? I mean, look, let's let's break it down

972
01:20:29.520 --> 01:20:32.720
now. So you are saying that
if I go to America, my auntie

973
01:20:32.800 --> 01:20:35.960
gives me one hundred dollars to gift
to my mind. KITCHI you are saying

974
01:20:36.000 --> 01:20:39.760
the government wants to know about that
one hundreds and I give you my kitchen.

975
01:20:39.880 --> 01:20:44.399
Is what you're saying, should be
able to account why planning? You

976
01:20:44.520 --> 01:20:51.640
know why calendar phones came into Why
not tell me why? Because sometimes our

977
01:20:51.800 --> 01:20:56.960
data from the NBA sometimes it's quick. But tell me why they should know

978
01:20:57.079 --> 01:21:00.479
that I'm giving mind kitchen. I
want to know for so and so was

979
01:21:00.600 --> 01:21:04.199
this lets three billion dollars and remittians
was actually twelve billion dollars? Okay,

980
01:21:04.239 --> 01:21:09.159
But why should the gods look?
Why should the government know? It's what?

981
01:21:09.279 --> 01:21:12.119
What? What? What do they
want to know for their money?

982
01:21:12.760 --> 01:21:15.680
It's meant to me? Okay,
I think this way I'm missing See goverment

983
01:21:15.800 --> 01:21:21.680
is don't actually know. So you
said one it's as in plan. It's

984
01:21:21.720 --> 01:21:25.520
what he's saying it does. I'm
saying, its economic management. It aps

985
01:21:25.560 --> 01:21:28.520
to know. Okay, for instance, if last year we had the remediants

986
01:21:28.520 --> 01:21:30.920
of three billion dollars and this year
we have five billion, and the government

987
01:21:30.960 --> 01:21:35.039
now knows that to position know that, for instance, the government is reporting

988
01:21:35.079 --> 01:21:40.760
that there's a remediance of three billion
dollars business official channels and naturally what came

989
01:21:40.800 --> 01:21:43.920
into the economy, what's twelve billion
dollars? I am fighting. I find

990
01:21:43.960 --> 01:21:46.279
inflation. I don't know where it's
coming from. But how does a dollar?

991
01:21:46.680 --> 01:21:49.800
Okay, but hold on, hold
on. If I'm doing the last

992
01:21:49.840 --> 01:21:55.840
two Nigeria to a mind Kitschy number
one, it's not there's no inflation there.

993
01:21:58.680 --> 01:22:05.119
What's the inflation there? So that
trans actually, but if if if

994
01:22:05.239 --> 01:22:11.920
phones are just for and the government, they're happy, then the government is

995
01:22:11.960 --> 01:22:15.720
happy because money is coming into the
country. That the government can then raise

996
01:22:15.840 --> 01:22:18.840
a dollar bond and sweep because market
you will not spend dollar monkey to spend

997
01:22:18.920 --> 01:22:24.119
neira. So it is at least
strengthen thenira because the market you take that

998
01:22:24.239 --> 01:22:29.560
dollars to have her guy in the
village change to nira, which strengthens innira

999
01:22:29.920 --> 01:22:33.720
because now there's more dollar. So
now there's now Papa Papa Okoro will now

1000
01:22:33.800 --> 01:22:39.239
borrow that's ten dollars from monkey Chi
and now import goods from India. Otherwise

1001
01:22:39.319 --> 01:22:44.079
Papa has to go to the bank
and get dollars at an expensive rate from

1002
01:22:44.119 --> 01:22:48.359
the CBN to import from India.
So me bringing in dollars is actually helping

1003
01:22:48.439 --> 01:23:00.039
the economy. That's that fd I
B is the FBI and men should be

1004
01:23:00.600 --> 01:23:06.880
to like accounts for everyone for what
I'm flows into the But I'm saying it's

1005
01:23:06.960 --> 01:23:11.399
not possible to do that. I
mean, you go to the US government,

1006
01:23:11.439 --> 01:23:13.800
they ask you, I even making
more than ten thousand, that's what

1007
01:23:13.880 --> 01:23:17.319
they ask you. They really yeah, okay, are you saying the US

1008
01:23:17.439 --> 01:23:24.319
government okay, we love you accounts
they at least forty percent of the money

1009
01:23:24.399 --> 01:23:29.520
influent outload. They can't. They
cannot. They cannot because they only ask

1010
01:23:29.560 --> 01:23:31.960
you above ten thousand dollars. If
I bring nine thouand dollars, they can't

1011
01:23:32.039 --> 01:23:35.920
know that. They can't know that
why and they don't have to. They

1012
01:23:35.920 --> 01:23:42.560
don't bother with that because to them, the impact of nine thousands below okay,

1013
01:23:42.680 --> 01:23:45.000
they can they can assess that impact. There the point I'm making to

1014
01:23:45.079 --> 01:23:50.239
use this Nigeria needs dollars. We
need the dollars if Niger's are bringing inn

1015
01:23:50.359 --> 01:23:54.880
twon dollars, I want to even
encourage them to bring you more. I

1016
01:23:55.000 --> 01:23:58.279
want more. My mind, caitches
bringing in one hundred dollars to Nigeria.

1017
01:23:58.399 --> 01:24:00.399
I want more. So I want
to encourage. I must say, you

1018
01:24:00.560 --> 01:24:03.479
must register, you must do this, you must do that. I went

1019
01:24:03.520 --> 01:24:08.279
to the airport. Why airport is
the airport in Kenya? K here care

1020
01:24:08.800 --> 01:24:11.680
They have an eighteen machine. I
want to post it have an eightier machine.

1021
01:24:11.720 --> 01:24:14.359
You go to the machine, you
put your whatever. It gives your

1022
01:24:14.399 --> 01:24:20.239
dollars. Care center in Katar.
You go to the machine Katar, you

1023
01:24:20.359 --> 01:24:23.720
put your whatever you send. The
currency wants, it gives it to you.

1024
01:24:24.359 --> 01:24:28.600
So the instead of them tracking currency, they are trying to attract you

1025
01:24:28.720 --> 01:24:31.600
to bring your money there so they
can give you their old local currency and

1026
01:24:31.800 --> 01:24:36.199
save your dollars. Every nation wants
dollars. That's what we want dollars.

1027
01:24:36.960 --> 01:24:45.159
How you bring it to no problem? Some wait twenty six billion, aga,

1028
01:24:45.399 --> 01:24:48.159
I you'r wait to six billion?
A go down, So tell me

1029
01:24:48.640 --> 01:24:53.960
who has twenty six billion? This
is how they see. I listened to

1030
01:24:53.960 --> 01:24:56.720
the CNN SAT say that make that
statement, and I said, what is

1031
01:24:56.760 --> 01:25:01.960
talking about only a planifyer for us, we're twenty six billion. How money

1032
01:25:02.039 --> 01:25:04.600
is if it's a transit, It's
like you go to a Ma mar Put

1033
01:25:05.239 --> 01:25:10.199
maput is selling rice one bitter price
cost one thousand, so you gave her

1034
01:25:10.279 --> 01:25:13.199
one thousand, she gives you pit
of fries. Then you now go and

1035
01:25:13.319 --> 01:25:18.119
say that Mama Put moved one million. That's just the transaction. What did

1036
01:25:18.199 --> 01:25:21.960
she take home? You gave her
one thousands, she gave you change,

1037
01:25:24.039 --> 01:25:26.119
You gave her water, She gave
you play water and she paid her play

1038
01:25:26.199 --> 01:25:30.039
water dealer. What is her own
what? What left from her own?

1039
01:25:30.399 --> 01:25:32.960
Money went out a bit, but
money also came in. Banners took money

1040
01:25:33.000 --> 01:25:36.199
out of Nigera but Bannan's also brought
money into Nigeria. Why are we not

1041
01:25:36.239 --> 01:25:39.840
talking about the one that they brought
into Nigeria? Why are we talking about

1042
01:25:39.840 --> 01:25:44.279
the what I took out of Nigeria. More reptenses come into Nigeria remetes elone

1043
01:25:44.399 --> 01:25:49.119
twenty five billion, len Is alone
twenty five billion before this pity pitting started,

1044
01:25:49.199 --> 01:25:55.439
do twenty five billion. That's what
people abroad sent to Nigeria's twenty five

1045
01:25:55.680 --> 01:26:00.840
billion millimum after oil is remittances.
Why are you even going You should be

1046
01:26:00.960 --> 01:26:03.560
making it easy for the just to
bring one into night. You are easy

1047
01:26:03.720 --> 01:26:09.359
not to say five to this one. Terrorists don't do remutance his true bank.

1048
01:26:10.239 --> 01:26:14.520
But that doesn't defindent. Let's let's
move on, mister. Mister A

1049
01:26:14.680 --> 01:26:19.720
lot a lot to do hiding.
So sorry, I got what's up?

1050
01:26:20.920 --> 01:26:24.880
I damn my brother? I had
a harassing me on my own space again.

1051
01:26:25.000 --> 01:26:27.640
Can you just see you see?
Can you see I'm be a harassed

1052
01:26:30.239 --> 01:26:40.640
tonight? Support I was sorry.
Point my point is this regarding bitcoin.

1053
01:26:41.399 --> 01:26:45.880
Uh, there is some part to
which you are not mentioning. Uh,

1054
01:26:45.319 --> 01:26:51.399
the technology behind bitcoin, which is
blockchain. It said, this is spirit

1055
01:26:51.520 --> 01:27:00.399
technology we are by Bitcoin is use
and this blockchain to be real technology in

1056
01:27:00.560 --> 01:27:09.560
which government cannot do anything. It's
just like you're saying that we should use

1057
01:27:09.680 --> 01:27:15.720
at M game. It's just like
you saying that other form of psychology that

1058
01:27:16.279 --> 01:27:23.760
you should have yourself. We should
go back to this analog blocking as technology.

1059
01:27:24.119 --> 01:27:29.239
It's superior in what the US government
admit to. That. Okay,

1060
01:27:30.359 --> 01:27:32.600
use case, listen to me,
let me finish. So one of the

1061
01:27:32.760 --> 01:27:38.760
use kids is the bitcoin is this
talk of value, which is better that

1062
01:27:38.880 --> 01:27:45.680
the US is currency, so what
to take control? And any government that

1063
01:27:45.840 --> 01:27:50.800
does not follow that blockchain and trying
to do control is going to be left

1064
01:27:50.880 --> 01:27:55.800
behind it. You guys, are
you guys? You guys are missing the

1065
01:27:55.880 --> 01:28:12.079
point entirely do anything policy. If
we list we now lead to you.

1066
01:28:12.720 --> 01:28:17.039
If we list the strongest currencies on
it, the first ten strongest coins on

1067
01:28:17.119 --> 01:28:20.520
it, do you know what they
are? It's not the dollar, it's

1068
01:28:20.560 --> 01:28:27.520
not the Swiss franc It's ten small, tiny countries that export could oil.

1069
01:28:27.560 --> 01:28:30.600
You go see Katar, you Si
Kuwait, you see Brunei. Those are

1070
01:28:30.640 --> 01:28:35.960
the strongest conses on earth. Why
don't we use those currencies as the reserve

1071
01:28:36.119 --> 01:28:44.319
currency for international settlements because those countries
do not have aircraft carriers that can bomb

1072
01:28:44.399 --> 01:28:48.000
you if you try to do nonsense. The reason why the US dollar is

1073
01:28:48.279 --> 01:28:55.159
used as the international currency of settlement
is because the US can project power.

1074
01:28:55.600 --> 01:29:00.600
I mean that the US dollar can
be enforced as legal tender. When you

1075
01:29:00.760 --> 01:29:06.359
quote blit bitcoin blockchain, it's only
a currency. Hold on, hold on,

1076
01:29:06.520 --> 01:29:12.720
hold on, hold on. You
can only use a currency if it's

1077
01:29:12.880 --> 01:29:18.239
acceptable. You can only use a
currency if it's acceptable not by the government,

1078
01:29:18.640 --> 01:29:24.880
but by the buyers and sellers.
December twenty twenty three, in Nigeria,

1079
01:29:25.439 --> 01:29:30.720
Nigerians could not do transfers normal transfer. They could not have money to

1080
01:29:30.800 --> 01:29:36.279
buy baby food for their babies.
In Nigeria. Blockchain uses electricity. Hence

1081
01:29:36.479 --> 01:29:41.560
Nigerians were looking not just for those
paper currency to buy and sell. We're

1082
01:29:41.560 --> 01:29:46.039
all here paper currency, whether it's
nyra, whether it's dollar, and there's

1083
01:29:46.119 --> 01:29:50.399
no debate that blocking is a better
invention. I've said it here. If

1084
01:29:50.439 --> 01:29:57.960
you transfer money from the US to
Nigeria, it's faster and cheaper with the

1085
01:29:58.039 --> 01:30:01.800
blockchain or bitcoin. Said it here. The point I was making is that

1086
01:30:02.359 --> 01:30:08.479
you cannot go against the US and
say you want to replace the US dollar

1087
01:30:09.159 --> 01:30:13.119
with whatever it is. They will
fight you. It doesn't matter if you

1088
01:30:13.239 --> 01:30:15.880
are right, they will still fight
you. If you are the US president,

1089
01:30:16.000 --> 01:30:19.479
you will fight blockchain. If blockchain
says they will take away your power

1090
01:30:19.560 --> 01:30:25.239
to print. The US can print
paper, Come to Nigeria and buy crude

1091
01:30:25.279 --> 01:30:29.600
oil. It can print paper,
go to Saudi and buy cocoa or whatever.

1092
01:30:30.039 --> 01:30:32.199
That's power. They are not going
to give that power away to you

1093
01:30:32.359 --> 01:30:36.760
because your technology is better. That's
the point I'm making. Worths you I'm

1094
01:30:36.840 --> 01:30:42.239
not debating if it is better or
not better. Blockchain is far better.

1095
01:30:43.000 --> 01:30:45.239
What I'm telling you is that the
US government is not going to allow you

1096
01:30:46.039 --> 01:30:50.680
take away their power to print and
spend. That's what I'm selling you.

1097
01:30:51.199 --> 01:30:56.119
Mode, what's up? Mode,
You've got the floor a modern day philosopher.

1098
01:30:57.680 --> 01:31:00.479
This is a crazy space. See
the long list of things. But

1099
01:31:00.720 --> 01:31:05.880
talking about crypto? What don't the
philosophy? Mister Carlo? Who how are

1100
01:31:05.880 --> 01:31:12.520
you doing, sir? Uh?
Good evening, Good goodness, mister call,

1101
01:31:12.640 --> 01:31:15.319
good evening, mister lum the good
evening and personal space. Well,

1102
01:31:15.520 --> 01:31:21.079
I wandered to jump into the conversation
when someone was talking about the the implication

1103
01:31:21.279 --> 01:31:26.319
of the crypto to the economy.
But the mister can't do them clarify that

1104
01:31:26.439 --> 01:31:30.399
earlier. So there we need to
go back. We are my issues are

1105
01:31:30.439 --> 01:31:35.159
bored about the the the the crypto
and the dollar side aside. Let me

1106
01:31:35.319 --> 01:31:41.800
start with him. He quote from
mister Trump, presidential candidate for the US

1107
01:31:42.680 --> 01:31:46.680
presidential election for earlier soy later this
year he said that a lot of people

1108
01:31:46.840 --> 01:31:51.199
are now I'm into the crypto.
So yes, my candidate and opinion,

1109
01:31:51.960 --> 01:31:59.479
the US dollar can coexist exist with
will bitcoin, but depends on the exact

1110
01:31:59.520 --> 01:32:04.439
transaction and the motive of the users. Mister Colors playing for international trade,

1111
01:32:05.159 --> 01:32:09.600
movement of rights and whatever that is
that the US dollars is worth. Is

1112
01:32:09.680 --> 01:32:12.720
the king example, the ship system
out of you. But then we are

1113
01:32:12.800 --> 01:32:16.479
does the crypto coming crypto for me? I believe it is for we as

1114
01:32:16.560 --> 01:32:23.399
individuals, not not not as organizations
and institutions or countries, but for individuals

1115
01:32:23.439 --> 01:32:28.439
to carry out their own personal business
without turning the fairness whatsoever. If I

1116
01:32:28.560 --> 01:32:30.840
go to the bank and I want
to send money at the Western Union,

1117
01:32:30.960 --> 01:32:33.359
then I get the government involved.
But if I want to transfer money to

1118
01:32:34.079 --> 01:32:38.760
mister Caru that is not in Nagera
currently, then the government will not be

1119
01:32:38.840 --> 01:32:42.399
involved. But it has to be
in some level in in in in in

1120
01:32:43.159 --> 01:32:46.439
proportion. Let me say, for
example, now I keep a undred million

1121
01:32:46.560 --> 01:32:51.319
of crypto in the in any word
let whatsoever. Now there's no problem.

1122
01:32:51.479 --> 01:32:56.680
But if I do transfer that und
the milon into a bank account automatically,

1123
01:32:57.119 --> 01:33:00.640
I will start having problems because I
will experiment on the milon infrom and they

1124
01:33:00.640 --> 01:33:03.199
will do an investigation and mister car
relate that. Then they know what is

1125
01:33:03.199 --> 01:33:06.640
inside inside your crypto wald. Let
they can investigate and find out how you

1126
01:33:06.720 --> 01:33:10.399
got it, I who got it
legally or illegally. So for me,

1127
01:33:10.520 --> 01:33:15.359
I will say that them for international
and transactions, for countries and what of

1128
01:33:15.479 --> 01:33:18.680
you, then they need what they
call it, the dollars, the pounds

1129
01:33:18.720 --> 01:33:25.720
and whatever they want to use.
But for we are h