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May 27, 2024, 09:31:48 AM *
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101  Other / Meta / Re: Bitcoin advertisements are a bit outdated on: May 05, 2024, 04:36:19 PM
Just like upgrade00 mentioned, they are not advertisement rather they are factoids. They carry some sort of random "Did you know" kind of information. They are quite informative and back in my newbie days I used to read through them any time I come across new ones. I even sometimes do some research for those I'm not aware of.
Anyways Op I agree with you the forum factoids have become so old that a majority of them right now can even be regarded as invalid. Especially this particular one you spotted ,just like others mentioned Bitcoin is not a beta software anymore. I think theymos should update the forum factoids as they are quite helpful in passing information about the forum and Bitcoin especially to newbies.
102  Economy / Collectibles / Re: [FREE RAFFLE] - Custom eXch Cryptosteel Capsule (#9)! on: May 05, 2024, 03:35:46 PM
My merit is quite close to 500.
However I don't know if I can pick 2 slots Smiley if I can I'll go with

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Thanks
103  Economy / Gambling discussion / Re: How much of my salary should I use to gamble on: May 05, 2024, 03:25:20 PM
If you want to go the appropriate way, 1% of your salary is okay, but that should be if your salary is enough. Some people may not have money to spare on gambling. If you earn enough, use 1% of your weekly income to gamble.

I use 2 to 5% of my weekly income to gamble and it is good for me. It does not feel like I lose anything and sometimes I win.
If you should stick to the Gambling phrase of staking what you can afford to lose, then It would be safe to say you can stake as much as you wish as long as you can afford losing it. This is where a lot of gamblers make mistakes and make their Gambling losses become huge just because they have the habit of over staking more than they can afford to lose. In my opinion I think one of the most important things that qualifies a gambler as a responsible one is his ability of being able to properly manage his staking habits.
Like I always say one thing on the other hand that makes people stay clear from Gambling addicts is Thier problem of staking irresponsibly. Some even to the extent that they totally run out of funds or even go bankrupt.
104  Economy / Gambling discussion / Re: Which device do you prefer for gambling ? on: May 05, 2024, 03:13:33 PM
Just like a lot of gamblers prefer online casino to the traditional casino , I think the main reason is because of the fact that traditional casino in their opinion consumes quite some time mainly because it requires physical presence of the gambler and sometimes these gamblers may not be able to render that presence. For this reason I think the device preference of such a gambler is depending on the particular device that is always with him or her.
In my opinion generally I think such a device should be the gamblers mobile phone since it is always with them. Except the gambler has other reasons, probably like wider screen or something, then he could switch to something like a laptop.
105  Bitcoin / Electrum / Re: The transfer fee on: May 04, 2024, 10:03:52 PM
...
Please, re-read Zaguru12's post jyst above yours. OP isn't asking about the regular transaction fees paid to miners but about the extra 0.0005 btc paid to trustedcoin.

OP, when you create an Electrum 2fa wallet, you will need to pay a relatively small fee (0.0005btc for every 20 transactions) to trustedcoin.com (the 2fa service provider).
To disable this feature, you need to restore your wallet from seed and choose the "disable 2fa" option.
My bad was thinking op was talking about the regular transaction fees.
Like you guys mentioned, he could easily disabled 2FA to exclude the fees in future transactions.
Thanks for the heads up
106  Economy / Games and rounds / Re: 🎁 HugeWin | BTC Price Prediction ' May 12 | WIN $50! on: May 04, 2024, 06:45:17 PM
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110  Economy / Games and rounds / Re: [FREE RAFFLE] HugeWin.com | Prize $50 🎁 Round #1 on: May 04, 2024, 06:38:37 PM
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111  Economy / Games and rounds / Re: [FREE RAFFLE] Blackjack.fun 🖤 Prize $50 in Bitcoins | Round #2 on: May 04, 2024, 06:24:55 PM
Our winner is Mia Chloe! Congratulations  Cool


26 - Mia Chloe

I will send you a DM very soon.

Thank you to everyone who took part in the raffle, and special thanks to Blackjack.fun and icopress! See you soon for a new raffle  Smiley
Wow I'm so glad as this is my first raffle I've won on this forum.
Thanks to paid2 , icopress and the black jack team.
112  Economy / Games and rounds / Re: 🃏JacksClub: ROUND 21 - BTC PRICE PREDICTION CONTEST $150 in BTC 🚀 on: May 04, 2024, 03:46:50 PM
JacksClub Username: Mia1
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113  Bitcoin / Electrum / Re: The transfer fee on: May 04, 2024, 01:11:49 PM
Hello everyone! This is the first time I use your wallet, I encountered an “additional” commission for sending in the amount of 0.0005 btc, tell me, is this commission for each transfer from the service?
It's known as a transaction fee and I won't call it a service , rather I would classify it as a compensation for miners. Transaction fees are an added benefit to mining Bitcoins which miners get for adding a transaction to the next block alongside the reward they get for successfully getting valid hashes and broadcasting it to the network to create new Bitcoins.

A transaction fee is more of compensation to motivate a miner to add your transaction to the next block therefore the bigger the transaction fees you make use of the more likely your transaction would be selected by a miner and added to the next block and therefore would be confirmed faster. However the opposite is the case the smaller your transaction fee.

Note that the Bitcoin protocol doesn't have a rule that all transactions must have fees. However most nodes have a cut fee of which if your transaction falls below it they drop the transaction even if you attempt broadcasting it.
114  Economy / Gambling discussion / Re: Gambling between the past and nowadays on: May 04, 2024, 01:01:08 PM
progress is growing quite rapidly nowadays, this is largely influenced by the technology currently available, ease of access really supports gambling, I am sure that in the future many countries will legalize gambling, because gambling provides many benefits for state income, But it will also have bad effects, even small children can easily access casino sites
Exactly. Everything especially those relating to technology are very dynamic as such, Gambling too has also turned out to be dynamic. During older times Gambling was narrowed down mainly to the option of physical and traditional casinos.  However, over time with the help of improved internet and security, the option of online Gambling has been made as vivid as that of the regular traditional casinos.

Even now more and more companies continue to improve Thier online Gambling experiences by implementing the use of non KYC requiring currencies which in simpler terms is the implementation of the use of crypto currencies like Bitcoin even making it possible for people to gamble freely with putting their KYC data at risk.
115  Local / Nigeria (Naija) / Re: FX CRISIS: Opay, palmpay other fin tech barned from registering new customers on: May 04, 2024, 12:51:26 PM
Omo this Naija crypto and forex crisis nor be small thing oo government just de close ways way people fit take de do crypto and forex transaction. On top say the matter no sharp e de kindof painful as many Naija people de way dis crypto and forex of a thing na their main source of money. And as dis matter de sup so e go come make am de difficult for them to de make money.

I First de hear d recent warning way all the micro finance de give like de palmpay, opay and kuda. But as of today when I take open my opay the thing break my heart to see say government Dem don still warn our mobile banking apps about crypto and forex trade.
116  Bitcoin / Bitcoin Discussion / Re: How to get your Dad (or Mom) to buy Bitcoin? on: May 04, 2024, 12:38:53 PM
All I can say about this post is "damn wow " just wow. I can bet that 90% of the people that will post a reply here on this post won't bother reading through it. The first school of thought is how do you expect parents to be able to read through this kind of bulky article just to convince them into making crypto investments.
Convincing or forcing people into crypto investments usually ends up a mess with them running into huge loss with altcoins and possibly huge loss also due to scam in the case of Bitcoin.

Most of the time people convinced into making Bitcoin investments are unable to properly understand how to secure their coins and at such they can easily be hacked or scamed.
117  Other / Beginners & Help / Re: Principles Of Bitcoin on: May 03, 2024, 07:57:55 PM
Meanwhile, has 51% attack ever happened in the bitcoin chain?
Although the 51% attack is very possible, it isn't very frequent because of the fact that it requires a very huge amount of hash rate plus electrical cost would also be very high to be able to run mining farms with such huge hash rates. However if u can remember vividly I think there has been only about few 51% attacks on the Bitcoin networks till date.
The idea is majority of them are quickly twhated . As time goes  on the chances of getting a 51% attack to succeed gets thinner and thinner since it would require more and more hash rate to make it successful. Currently foundry USA has the highest global hash rate and it still isn't up to 51% of the global hash rate although it is close.
118  Other / Beginners & Help / Re: Principles Of Bitcoin on: May 03, 2024, 07:17:13 PM
Nice compilation Op.
In my opinion I would suggest that these aren't principles but rather they are Protocols . Now my reason for saying so is quite simple.  If you look very closely at every single point you mentioned, they are either directly or indirectly Bitcoin protocols which in simple terms are more like rules which are part of the Bitcoin base code.

Quote
Immutable: The Blockchain history should never be changed. Every transactions should be irreversible.
Others are Decentralization, peer to peer system, verification of rules etc.
As for this part I don't think I will fully agree with that. now this is because it is very possible to reorg recent blocks on the block chain because of the 51% rule. Meaning if for example an evil mining pool is able to generate enough hash rate over 50% the will have the ability to alter recent block and  logically with a greater percentage of the total network hash rate they will have higher odds of being able to reorg a recent block.
I think you should check out quizes by BlackHatCoiner they are nice and have nice explanations about the 51% rule.
119  Local / Nigeria (Naija) / Re: The adoption of Bitcoin continues to increase. on: May 03, 2024, 06:58:43 PM
Normally everyday by day new new people de venture Bitcoin even for we country Naija. Na better thing oo but the way the matter de be so we go need to de careful well well Because as things de so our government Dem no support crypto at all at all and Dem they try do everything to make sure say we Naija people no de make use of crypto. If you observe well u go notice say for some time now government just de bring down many many exchange 4 Naija especially d ones way de allow P2P.

The Thing actually de very painful oo but watin man fit do? The matter now be say we gats try our best to make sure say even if we de use crypto, government no go bring our business dem down because of crypto. Dis morning self I see one news say government de freeze people account way de do crypto trade so if we de trade try to avoid to de relate am to crypto 4 d remark to prevent unnecessary matter.
120  Economy / Gambling discussion / Re: An aggressive gambler irrelevantly easing his Irresponsible gambling manner. on: May 02, 2024, 11:09:30 PM
But just wait a moment, why do people gambling if I may ask?
Was it  not for profit making so why he lost and decided to channel his blame on something elsewhere knowing too well that he lost his bet.
That is just for an unecesarry excuse to cover up his failure even though we believe that gambling is not a certain game.
There are many reasons people Gamble and the sole aim of each user differs from individual to individual although generally the financial aspect of Gambling is part of the reasons, it isn't right to just conclude and generalize it.  For some gamblers, aside from the cash based aspect they also gamble because of things like having fun probably alone or also with friends that are also gamblers. Now in my opinion what matters the most is that the gambler isn't too carried away by the monetary aspect of Gambling that he Begins to exhibit bad habits or make wrong decisions.
If you should ask , some people even believe that Gambling activities have health benefits attached to them especially benefits like stress reduction.
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