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#BITCOIN NETWORK HASHRATE IS AT ATH 🧡

IF YOU'RE ON #NOSTR & YOU'RE MINING I WANNA FOLLOW YOU!

We are so back. Just had to restart phoenixd. 🫡 nostr:note1t6l7jufm7mn5n5ssl2q8ena363yynn4e9wamv6wh2yuwvwh58p4qggkxpy

#Bitcoin dominance surges past 60%, leaving alts gasping for survival.

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#Bitcoin dominates!!

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1029. Stop

My friend I have a deal I have Bitcoin investment company I investing with you can test the company with minimum amount and if you didn't benefit successful don't trust me and let me and my generation suffer forever

🇳🇬NIGERIA’S ECONOMY IS COLLAPSING—AND THE GOVERNMENT’S “FIX” IS A TOTAL SCAM

Nigeria’s #naira is collapsing, inflation has hit 26.7%, and food prices have surged 72.8% in just one year. The cause? Reckless money printing.

Yet, instead of stopping the destruction, the government is pushing a tax reform scam—pretending higher VAT and new levies will fix the mess they created.

Here’s the Brutal #Nostr Truth:

1️⃣ Inflation is a Monetary Disease—Not a Tax Problem

Nigeria’s central bank printed ₦7 trillion in 2024 alone—more than double the previous administration’s rate. This isn’t bad luck; it’s government-induced currency debasement. More money chasing the same goods = skyrocketing prices.

2️⃣ The Tax Plan is Full of Contradictions

• VAT hikes (from 7.5% to 15%) supposedly fix inflation, yet tax revenue is projected to fall by 30-40% in some regions. How does that add up?

• New transaction levies hit informal workers hardest—while the government claims it’s “helping the poor.”

3️⃣ It’s a Political Power Struggle, Not an Economic Fix

• Lagos generates 55% of Nigeria’s VAT but gets back only 15%. The reforms pit productive states against those relying on handouts.

• The federal government wants more control over tax collection—just as it debases the naira at record speed.

The Real Fix? Sound Money, Not More Taxes

Nigeria doesn’t need a new tax scheme. It needs:

✔ An end to deficit financing—stop printing worthless naira.

✔ A floating exchange rate—no more multiple rates creating arbitrage games.

✔ Cutting bureaucratic waste—60% of manufacturing costs stem from poor infrastructure, not taxes.

Hope on the Horizon: Pro-Bitcoin Legislation is Coming

There’s good news—inside sources confirm that pro-Bitcoin legislation is in the works. If Nigeria embraces Bitcoin as legal tender or removes barriers to adoption, it could break free from inflation and government-controlled money.

Bottom Line:

This isn’t reform. It’s a desperate cash grab to fund more inflation. But if #Nigeria moves toward #bitcoin and true economic freedom, it could finally escape this cycle of currency destruction.

Flashback: The first #bitcoin website when the price was near $0. "Don't you wish you stumbled across this one earlier!".

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:opinion: Opinion:

"...and the new :ussec:SEC are going to approve all sorts of crazy concoctions as we move into a new era of extreme tokenization."

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