I bet you they are definitely smart enough to think this, in fact I will say smarter but one prevents them from doing it which is greed. Do you think the government aren’t aware of the inflation problem associated with fiat currency and the problem to solve it? They do but they use this inflation to either weaken people’s business growth and to boost there’s through other means.

Another advantage bitcoin has over fiat is the freedom and privacy that comes with. This one is the most powerful thing the government or say politicians do not want its citizens to have. A free man is seen as a threat to their ambitions and with the privacy bitcoin overs they wouldn’t be Able to place surveillance on the citizens which is something they can not afford to lose

Unfortunately,  what you are suggesting is akin to the authorities handing over their power, their authorities and the very thing that enable them decide "who gets what, when and how". Imagine government allowing Bitcoin to flourish,  lifting all restrictions and limitations placed on it and allowing citizens to decide what they prefer. Do you think many will not choose Bitcoin? Do you think that their is much the authorities can do stop inflation? If there was anything to be done to stop it, some countries would have done it and inflation will not be happening across all currency. As long as they have the power to print unlimited supply of fiat currency, inflation is bound to become a recurring decimal.

The authorities thrive by the control they have over the financial system and anything that threatens that power will be resisted or at least forced to conform to their terms and conditions.

Ignoring Bitcoin is like ignoring someone who comes to take your land, resources and even your wife. How can you ignore something that you cannot ignore? There was a time my country threatened to ban Binance because they complained that the money people have in Binance was bigger than what they have in their bank accounts. People were practically saving their funds in Bitcoin and USDT rather than in the banks and this was affecting the banks in terms of lending power.

Bitcoin cannot be ignored even if they try.

That's their only way to stop people from using Bitcoin and that's through banning Bitcoin itself on their countries and giving sanctions to the citizens that will be found to be dealing with it. But that's the reality that they can't stop Bitcoin no matter how hard they try it, they can see the broken system on their financial system especially on your country where there's a massive and quick adoption rate that increases over time. Eventually, like what we're seeing for some countries that they have been vocal about Bitcoin and starts to give some hint that they're about to adopt it, maybe that will also happen there in no time.

Those who buy Bitcoin seek profits and consider it as an investment rather than peer-to-peer money or a currency in which it is necessary to have support for privacy. Therefore, you will find that many have no problem providing identity verification data, even to parties far removed from regulatory regulations, in exchange for obtaining some profits and some services. Decentralization bans users because they are from a specific country or against a specific policy, so regulating cryptocurrencies will not be difficult.

In any way that really affected adoption of bitcoin such information came and secondly it makes people devalue bitcoin, in nigeria most of the people are very supportive in something that concerns centralization than decentralization and they have been making use of centralization system of currency before now and anything that concerns decentralization is like foreign thing that they are not aware of it, so I believe that bitcoin adoption happens base on the environment you find yourself and the kind of policy that been innate in the geographical environment. People have known bitcoin and theirs nothing you can do that will make someone who knows bitcoin very well to try to avoid bitcoin or ignore, even though the country lift a sanctions about adoption of bitcoin their is some people who will embrace bitcoin with another system of manipulation.

If not a matter of if, sorry I am not wishing bad for the country but since the beginning of time, this country have only enjoy improvement just once, that was when a general called Muritala took over presidency,  nothing in the history of Nigeria comes close to what this man achieved in a short period of time in power, my advice is all Nigerians should not hope and wait for some magical change to happen, fixing the country is now 100 times more harder than 20 years ago.

Since I was into crypto I have never use any centralised bank to make any payment that's related to crypto, even while the news of ban was circulating I was not worried a bit, and another thing is I don't keep money in the bank, assuming they block my bank account right now it does nothing to me, my assets are locked away in a offline cold storage anyway.

All hope is not lost for Nigeria but not until all mind becomes one there is never going to be a real change, when the poor ones start saying no to the people in power that's when things will start to take a turn, right now money still buy some people, in fact a lot of people, this is what is dragging down all sense of justice and growth in the country.

I think you are right. That is what they should do if they wanted Bitcoin to get less recognization by the local population, although they aren't smart enough to do that. Of course there isn't a complete fix for fiat currencies, since they operate in an inflationary model, where money is constantly printed to keep the economy under control, but in extreme cases like the one we see in Nigeria, I think it's pretty possible to make the situation much better through an economical reform or plan introduced by the government and central bank, supported and elaborated by specialists.

It has already happened in many third world countries and worked nicely, including my country, Brazil, where inflation was also out of control by the 90's decade, and got significantly better since then through the 'Plano Real' economical remodeling introduced in 1993-1994.

In every cases, I don't think you should feel so bad about it, because at least it's an opportunity for Bitcoin to shine and get more acceptance in your local community. Since it's being enough to supply the demands of your countrymen, that should be Ok!

The issue regarding the option of using either Bitcoin or fiat currency has never been a serious issue that the authorities would even bother to look for ways to diminish one using any of the approaches you just outlined. Although the authorities don't want to publicly accept the adoption of Bitcoin, I feel that both Bitcoin and fiat currency should be allowed to exist and serve their purposes. They both have advantages and disadvantages and could still be used together in society to solve their peculiar purpose.

The fait currency can never be fixed, I don't think any currency can ever be entirely fixed and if this is done, bitcoin won't be highly affected by this but those trading currency pairs and the government and economist knows why this isn't feasible
The government can never ignore Bitcoin and even if they choose to attack it Bitcoin will continue to grow, while they  ignoring it will make its adoption faster, just like how it was when it was created in 2009, I believe they never thought it adoption rate would have grown this fast.

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In as much that government are against Bitcoin is only from the fact that they want to control it because its bigger than them. Most government officials will never want to see bitcoin fall because they are also investing in bitcoin (nobody will ever turn down a sure means of making more money legitimately) and since some of them are in the position to cause FUD, they will do just that in order to make the market favour them more

hmmm

Let me call this bs, elephant shit, dinosaur shit!
You're telling me 110 millions people are holding and using crypto with about 3-4 million tx on the most used chains each day worldwide, and despite that they rank 10? Common! There are 40 million addresses with a balance worth more than 1$ on the whole Bitcoin chain and we're talking about 110 millions crypto users in one country?


They don't care to enforce this!

Imagine NK would have the same problem with crypto, a few thousands shot live on the 8pm news, their bodies paraded though the streets with loudspeakers announcing the enemies of the nations and then for month every single citizen called to the police station to tell if he owns or not coins, do you think you would still deal with cryptos? No you won't!

It's just about their willing to do so, if they would want to it's pretty simple to make an account on Binance, trade with all users that posts sell or buy orders then simply arrest them based on their payment details and after 48 hours of waterboarding they will cough up every single of their clients. Then pick those guys up and start again with the waterboarding, see how simple that is? Besides, when you think that authorities can;t get you, remember Tor was developed by a government agency, SHA-2 was developed by the NSA, do you really think everyone there is just some old fart in their 90's who doesn't know how to use a smartphone?  Ross, Silkroad, Alphabay, even CM would have something to say about hard hard it's to track somebody!

As for fixing fiat, why do you need to fix it?
You say 47% of the country is owning and using crypto, so with half of the economy running on Bitcoin you should be the world leading economic growth pylon, right? Oh, wait!