Nigeria gives up on its deeply unpopular CBDC. It’s not inevitable. None of it is inevitable. Hold the line. In a nationwide referendum, 99.5% of Nigerians rejected a CBDC. But they forced it anyway. Leading to nationwide unrest as physical cash was cancelled and the poor had to resort to barter and using yams and matchsticks as money. The government finally gave in.
@profstonge All what you said is true except “people were paid in food” nobody was paid in food or whatever….instead they were paid through transfer policy and all transactions was made online because they were no cash ….i stand to be corrected!!!
@profstonge Another one bites the dust.
@profstonge So really the solution to CBDC implementation issues is to first establish a police state. This resets the implementation timeline in the US, I think?
@profstonge The key is overcoming their relentlessness. Understand that defeating an authoritarian measure will be followed by having to defeat that same thing several more times. That works. Then they regroup.
@profstonge It's almost as if government is the foundational problem. 🤔