Nigerian on Twitter Mocks CBN Gov’s Definition Of Bitcoin, Others

 

Some Nigerians on Twitter have faulted the description of cryptocurrency as a currency created out of “thin air” by the Central Bank of Nigeria governor, Godwin Emefiele.

 

Emefiele in a viral video on Twitter said, “Cryptocurrency is generally regarded as an electronic, digital currency that is issued by largely unknown, unregulated elements using computer codes that are basically meant to encrypt or hide information about both the transactions and the operators. And in a sense, it seems it is money that is created out of thin air.

 

“Put another way, cryptocurrency is issued, rather it is used to describe the activities of players in an electronic dark world, where transactions are extremely opaque.

 

They are black. They are not white, they are not visible and they are not transparent.”

I am shocked by the CBN governor briefing on Cryptocurrency.

This here is why Nigeria economy is in a total mess.

Visiting https://t.co/7Y5PgCvQS2 would have resolved this ignorance that crypto is from the thin air.

💔💔💔💔 pic.twitter.com/xg3Lb2E9NX

— Tosin Olugbenga (@TosinOlugbenga) February 25, 2021

This definition of Emefiele’s has made some Twitter users question his education, his competence and concluded that his capabilities reflect in the current state of the Nigerian economy.

 

Twitter user, Morris Monye said, “I don't think the CBN Governor fully understands the concept of money. But hey, he can do no wrong. He is the CBN Governor. Lool out of thin air.”

 

Another, Sammy Sammy tweeted, “Former CEO of Zenith Bank and current CBN Governor, Godwin Emefiele needs to read from a handout to explain cryptocurrency for Nigerians? No wonder the economic policies are based on trial & error.”

 

Twitter user, Odogwu wrote, CBN Governor Emefiele an Alumnus of Havard talking about Cryptocurrency like an illiterate making it seems like Anti Christ's currency.

 

Man is talking about dark world when we haven't had constant light for 60 years, you are worried about the wrong DARK WORLD.” 

The CBN was pushing for Cashless policy before. We accepted and embraced cryptocurrency. Now CBN Governor says its money created out of thin air because they dont get their stupid charges from the transactions. You go finish one pack of Bigi watching naija as a movie

— Salman👑 (@NotJustSalmanPR) February 25, 2021

#Cryptocurrency will remain a means of exchanging values without border in this 21st century, and what every CBN Governor in every country can do is to create policies to benefit from it.

Every medium of exchange is vulnerable to fraud, either a banking system or #Bitcoin.

— Ayemojubar (@ayemojubar) February 25, 2021

That CBN Governor is very unintelligent
From that his speech you can see why our economy is where it is right now
He couldn’t even use Google to carry out his research on Cryptocurrency he just read everything from Jehovah witness manual

— Roviel 😏 (@ObongRoviel) February 25, 2021

I have never seen a better definition of disaster than the CBN Governor coming on National TV to say that cryptocurrency is created from thin air. Even my 7yr old Nephew knows the history of money and the evolution of the legal tender.

— Wale Adetona (@iSlimfit) February 25, 2021

When I saw CBN Governor trending, I knew nothing good could be happening.

He said cryptocurrency is made out of thin air but forgot we were made out of dust, almost thin air too.

This Naija na movie wey you go need settle down with Fearless Energy Drink to watch

— AdewalePresh (DJ Cuppy Future Husband) ❼ (@sarcasm_presh) February 25, 2021

#Cryptocurrency will remain a means of exchanging values without border in this 21st century, and what every CBN Governor in every country can do is to create policies to benefit from it.

Every medium of exchange is vulnerable to fraud, either a banking system or #Bitcoin.

— Ayemojubar (@ayemojubar) February 25, 2021

CBN Governor Emefiele an Alumnus of Havard talking about Cryptocurrency like an illiterate making it seem like Anti Christ's Currency. Mans talking about Dark World when we haven't had constant light for 60 years, you are worried about the wrong DARK WORLD 😡

— Odogwu 👑 (@Daddy_Nomso) February 25, 2021

CBN Governor is angry they don’t have enough money to trade Foreign exchange because Nigerian youths now hardly keep their money with banks.

Stamp duty charges for a whole year can buy me Christmas chicken, bossman. I’m wiser

— Fairly used boyfriend 💫 (@brysonadahcole) February 25, 2021

*Me, thinking of how I'm going to hasten my Canada visa, after listening to what the CBN governor said on cryptocurrency* pic.twitter.com/RnurgBjJdZ

— Baller G ♚ (@spunky_niga) February 25, 2021

I am shocked by the CBN governor briefing on Cryptocurrency.

This here is why Nigeria economy is in a total mess.

Visiting https://t.co/7Y5PgCvQS2 would have resolved this ignorance that crypto is from the thin air.

💔💔💔💔 pic.twitter.com/xg3Lb2E9NX

— Tosin Olugbenga (@TosinOlugbenga) February 25, 2021