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Nigerian Central Bank Governor called crypto ‘money from thin air’ and then proceed to print $120 Million from ‘not-so-thin-air’

[https://peakd.com/hive-167922/@gentleshaid/nigerian-central-bank-governor-called-crypto-money-from-thin-air-and-then-proceed-to-printing-usd120-million](https://peakd.com/hive-167922/@gentleshaid/nigerian-central-bank-governor-called-crypto-money-from-thin-air-and-then-proceed-to-printing-usd120-million)



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  1. It’s wild to watch this shit happen in real time. Inflation rate was 20% last year, and food price inflation was even higher. They’ve increased prices of everything they control and let the market do the rest, including petrol (gas for Americans) which every Nigerian needs to survive since the government doesn’t give us steady electricity.

    Young people are getting harassed by SARS, they’re making it harder to send and receive money from friends & family abroad, banning crypto and shutting down companies that allow us to buy American stocks… meanwhile startups are being choked and killed by new regulations that pop up out of thin air (an example is Gokada, sort of an Uber for motorcycles, starting to gain mass adoption, then the government bans commercial motorcycles, putting them out of business, and now less than a year later non-registered motorcycles are everywhere again).

    My government is a fucking joke and I can’t wait to be free from their clutches.

  2. It’s always like this with fiat fan boys. They’ll talk about how crypto is used by terrorists and mafias meanwhile most illegal activities are conducted using fiat money, which also gets used by unscrupulous politicians to immiserate the population and enrich the banks.

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