🇳🇬 The Nigerian government's implementation of CBDC has triggered nationwide protests and highlighted the negative effects of CBDC. The government's decision to exchange banknotes led to a lack of cash, and new banknotes were printed in insufficient quantities. The implementation of the eNaira, the country's CBDC, was not accepted by the population, and it cut off millions of people from their cash. The situation in Nigeria highlights the potential implications of CBDC for total control and financial slavery, leading to similar situations in other countries soon. Governments must consider the implications of CBDC before implementing it, as it can cause severe harm to the population.

Unlike physical currency, CBDC can be programmed, and smart contracts can be used to determine how people can spend their money. This is why CBDC's introduction raises concerns about total control and financial slavery, as governments can track transactions, limit spending, and block accounts.

People of Nigeria are protesting for all of us.

#Nigeria #cbdc #governmentcontrol #cryptocurrency