normally all over the world banks no like bitcoin
Na true say bank them no like bitcoin but na based on say their various government hold Dem to stand still not to take part in anything Crypto transaction and e be say as the financial institution of their various countries, them gat obey naim make you see say Dem dey lie low for bitcoin matter. Believe me you, some bankers dey run Crypto parol wella. So in that case me I believe say Dem gat follow the the laws wey govern them not to fall victim or face sanctions l of revoking their license. To be frank with you banks benefits hugely from Crypto transactions as at then when there was no restrictions on them but since the order came from above they had to obey. |
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I no dey surprise for the changes wey Mr. President dey effect. That na the first thing every smart politician go do when them smell office power. Their cronies and lackeys and their henchmen naim dem dey put for office make dem lap dem. See, at first, those security chiefs don fail Nigerians. Under their watch alot of atrocities were committed and the culprits all walked away with it freely.
I just believe say the changes wey Nigerians dey pray for dey around the corner and the change possibly they sweep across all parastatals.
Mr. President is not wrong in what ever he is doing. This is just the beginning. Let us watch and see how it goes.
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E no be bad thing say make naija guy dey run him biz and collect him pepper via bitcoin but the thing be say we suppose really understand say no be about using the payment system of bitcoin but na to understand the reality say if you hodl btc for your wallet, the thing fit increase or reduce, that na the fluctuation. We need to prepare about that and to know the kind of business wey det involve. Like now small businesses no go good for bitcoin because the fees go make customer's to dey discouraged.
As it stands now, e no dey advisable for small business dem to dey run bitcoin for payment because the fee alone na wetin dem fit use do another investment for their business and in that case, that option of payment no go dey encouraged at all unless na freelance work person dey do wey e be say na just to transfer him pay to am without any stress or the commodity dem wey person want to pay for money dey reasonable in thousands naim person fit talk say dem dey accept bitcoin for payment. |
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According to evolution of money, trade was first done with the barter system, then it evolved to commodity money using Gold and it's kind,then into metal coins then paper money, later transactions where done with plastic cards, before it's evolved into electronic money and now crypto currency.
About years ago El Salvador became the first country to adopt Bitcoin as a legal tender and there are speculations that other countries would also adopt it in the nearest future now my question is, with bitcoin being the leading crypto currency is there a tendency that it would become the generally used currency worldwide?
As you have said, money evolved from various forms till this point were we are now. Currently, we are at the digital stage and as time goes on, new discoveries would emanate making some forms obsolete. Bitcoin is currently the new form of money gaining recognition and according to the whitepaper it is the peoples orientated money whereby no one has control over it. Satoshi invented it and handed it over to the masses to use it as their alternative source of payment which many bought in the idea and since then, millionaires been made, bitcoin is been accepted by nations, businesses etc are thriving on bitcoin and gradually, bitcoin is becoming more popular and stronger. |
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OP, knowledge and money compliments each other but one is more of bigger compliment compared to the other because it stands as the basic fundamentals which sets the pace for the other and that is knowledge. Having knowledge is a basic criteria for standing out wherever you find yourself. Knowledge is not bought with money but it is learnt as a result of experience one engages him or herself with. So therefore, knowledge is not a waste as it earns you money when properly utilized.
The issue people do have is utilizing the knowledge they have gained to earn money. When you put into work what you have learnt for example as a freelancer, you are being hired here to do some job and after doing it based on agreement terms, you get paid for it in bitcoin or any other crypto which you deemed fit to receiving. This shows you have earned a living by doing some job which require you to put in play your knowledge for work.
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~snip
I read your post and still don't understand why this is posted here. Well, you gave your girlfriend a gift in the form of bitcoin, so what? Now you need to praise with this or want to hear the approval of the BTC-community? In my opinion, this is an ordinary event about which it is not necessary to tell everyone and create a separate topic. I am not writing this to criticize you, but simply because I don't see any message from this story. 0.0011 BTC? I don't consider this a reason to worry about storage on a centralized exchanger. The amount is quite insignificant. You could have given more ~30$ for birthday, greedy man.  I can not stop laughing at this greedy man. OP seems to be a nice one to be. It is true that no gift is small anyways OP was kind enough to give his girlfriend who was passionate about learning bitcoin a gift of bitcoin and that was a big cheers to her but OP still has a lot to do by teaching her on safety terms just as he has said here so she could have knowledge about what she is about going into and not to fall for scam and possible hack. |
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In your opinion, bitcoin is an asset or a currency?
If bitcoin is an asset, it is now. Most people will hold bitcoin as an asset and take advantage of the rising price of bitcoin. If so you are still dominated by fiat
If bitcoins were currency, it would be complicated if bitcoins were used to buy cheap things, transaction fees would be very expensive
OP this question of yours is very pertinent as it looks into the real stand of bitcoin and what people think about it. If you have taken your time to go through the bitcoin white paper, you would have known better on the origin of bitcoin and why Satoshi had invented the bitcoin technology. Satoshi invented the Bitcoin to serve the place of fiat in the sense that bitcoin would serve s a digital currency void of any control from any quarters but the reverse was the case as whales saw the important futures of bitcoin and manipulated the market causing the weak hands and early adopters to sell making them control a large percentage of the bitcoin market. Since then, many people see it as an asset and store of value while for those who accept it as a means of legal tender sees it as a digital money. |
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There is no way a centralised exchange would operate without a government approval in their locality. KYC is what the government uses to keep track of exchange activities so they could know the flow of funds and assets. Although the essence of blockchain was for anonymity. One could remain anonymous while carrying out a transaction but the fear of sponsoring terrorist, money laundering and lots more have made the government interface into the system making the centralised exchange the arm of government on blockchain to monitor financial flows onchain.
it's likely centralized exchanges will cede control of private keys and/or seeds to customers in the near future. Who knows if this will make CEXs bigger and stronger than ever? Just my thoughts  This would be a good idea if given a thought about it but I doubt if the centralised exchange would agree to this idea because if they do, they stand the chance to a sudden collapse because investors would withdraw their funds at anytime they want irrespective of the fact that the exchange created the wallet and handed over the private keys to them . If this happens, there would like be no control of how funds move in and out of exchange because there is no more verification or approval to withdraw and deposit and this would cause a lot of unwarranted activities which the exchange can not control and would definitely cause a fall out between the government and the exchange. This can be possible if there is a two way sign in by both parties. If the possibility arises, the owner of the wallet when making withdrawals would sign out while the exchange verifies the reasons for withdrawal then sign out as well giving the investors access to their assets and funds. |
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This is a good catch mate. That is why it is good to be knowledgeable enough to defend yourself in anything you are doing. If it happened that you were the one who had no idea what was happening there's every possibility that she might have had her way to scamming you.
As an investor, one needs have information or be informed of your business line or possibly knowing what is happening around your business empire.
It is a pity that she was claiming to be with binance working for them and had no knowledge of what was happening. You were smart enough to pick her lapses and possibly you could have used it against her if she didn't had run away by blocking you from chatting with her.
As a result of this secret being exposed by OP. I would advise investor always to always be patient enough to do little research on their investments and unfolding events surrounding them so as to be informed and having information at their disposal do as not to be taken unawares.
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This update is worth it mate and thanks for sharing.
I have been wondering all these while when will all these nefarious act by hackers be stalled.
The rate at which they invent malware's just to get their ways into people's privacy is something else. On several occasions I have received mails with clickbait links which are very much suspicious to be scammers and their malware's. It takes a sensitive and smart individual to see such and know what they are up to and possibly do the needful in time to save their details.
I basically do download apps from google store but these days, no one can tell the original from the fake anymore as the duplicates are almost similar with no difference. Downloading apps and browser extension these days are not safe anymore if not from a recommended source.
One need be careful as to what they download on their gadgets and look link they click these days in other to protect their privacy and other stuffs online or attached to them.
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Dey play, watch as politicians go corner side this one too. Dem go find way only give am dem sisters and brothers or use am run campaign wey be say if you dey find recommendations to get the loan you go need dey their party or sell your votes give them before your children fit get access to the loan. Make we no dey behave like say we no kw how things dey work for this country. Just use those scholarships programs use understand how this one go go too. The idea no bad if to say e go work as tinubu dey play am for go well because the poor go dun get an escape route to study like others but our politicians go abused the gesture from the tinubu government.
Also wetin d government go do people wey no fit pay the loan back abi dem go force the guarantors to pay back the loans. Make dem no go do wetin go make to get guarantors go hard oh because when them hold one guarantors others go begin reconsider their support to students wey want the loans. Also wetin the government go do to provide job so students wey take loan go see means to payback the loans and on time. We get very far way to go for this country and although bills like this make sense for paper, e no make sense for practical because alot of other things that are more important than this bills has to be done before we begin dey reason this ones. Anyway make tinubu carry on with the signings and make him reason minimum wages as him dey sign bills them.
No doubt as you have said it all. In less than no time this student loan will be a cheap point for political campaign as politicians would want to make sure they all have their way into it. I would not be surprised it turns out to be a party party thing and if one must access it, one must have to be a loyalist or have the signature of a known political bigwig in the state or party before anything is done. I hope it does not get to that point because it would be of no use as the sole aim of the student loan would be defeated. |
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Newbies are not expected to teach and influence other people as their knowledge is still limited. They lack knowledge and experience to share that will convince the people. Instead, they are obliged to acquire more reliable information first and develop some self strategies and skills so that they can be good teachers and influencers in the future. Although I believe sharing what you learn is a noble act, but note that newbies are not capable to do that, just give that chance to those who have been here in the market for long.
As a newbie, it is assumed that you are new onboard the platform so therefore, you have no idea how the system works and as a matter of fact, since this platform is all about bitcoin, same thought is applicable in both ways. Although some newbies are not what you think they are, some have vast experience in Crypto currency and bitcoin and would want to show it here but would be talked down at. So the best way to avoid such is to remain a newbie, and learn about the forum and policies so as to keep updated of events and activities. In as much as some newbies are knowledgeable enough, they would have no option than being cool until they rank up. |
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This sound and look so sarcastic because I don't expect you to keep winning all the time likewise other members too because the casino must win at some point and that is what keeps them in business. Casino generate their revenue from the losses of players and that is why their probably systems are set to favor the house against the gamblers, so it is what it is you have to move on and face your losses instead of blaming it a on punt.
Truly casino generates their revenue from most games that ends at loss from their clients and this they have been using to sustain their casino daily. OP should not expect a 100% win or a 50/50 win as it is near impossible to be a reality. Same way OP is wanting to do his/her critical thinking, same way the casino management is doing theirs to remain relevant and on the mainstream too. In as much as both parties are trying to make an ends meet, each are bound to make loss as well. So therefore the game must in every atom of transparency be a provably fair game so that no one cheats each other. |
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OP, this is technology and it has to do with, awareness, acceptance and adoption. It is not about going spiritual everytime but of knowledge and Understanding. If these people are properly educated and knowledgeable enough about bitcoin, they would not be commiting some blunders they do. Come to talk of it, most of them are old school not near anything modern innovation and technology as this was the case of the previous government and it affected the Crypto market industry in Nigeria but however, we believe this incumbent government has much bigger and better plans for Crypto/Blockchain in Nigeria and we hope that the president gets a good adviser with more exposure and broad knowledge and Understanding of the tech world so as to educate Mr President good ideas and advise to work with in respect to Crypto.
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OP I like your idea of accepting bitcoin as a means of payment. This has been amongst the reasons why we are here. Creating awareness and promoting the adoption of bitcoin is one of our major goals. So far, there have been lots of enterprises from our local board here that are accepting bitcoin payment for quite sometime now and it has been positive and remarkable.
I will like to call your attention to what you have said OP "so why I bring dis topic here say make una follow chuk mouth for inside di matter be say as CBN still ban cryptocurrency, ". Do not get things mixed-up OP. CBN never banned Crypto currency in Nigeria, they only restricted the banks from carrying out Crypto related transactions or payment. To the best of my knowledge, p2p platforms do exist on exchange and other forms too were Nigerians have been doing transactions but the truth is that nobody wants to identify publicly to be doing Crypto transaction for the fear of the unknown but rather choose to remain silent doing things with Crypto and bitcoin. Everybody is just careful not being the scapegoat by the efcc and others.
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Clearity on the Binance saga. I have been seeing various comments and happened to come across this topic, on how the lawsuit against Binance U.S. is affecting operation/service in our region. The truth is, the SEC in Nigeria investigated Binance NG Ltd and discovered it isn't a subsidiary of the main Binance, but a name registered in hopes that Binance would come to the country. Here's a snippet of my findings from Mariblock website: Mariblock consulted the Corporate Affairs Commission (CAC) of Nigeria’s database to fact-check that the entity “Binance Nigeria Limited” indeed exists.
While a search returned a match, the company, registered in December 2019, is inactive.
Mariblock contacted one of the individuals listed as officers of Binance Nigeria Limited to verify the company’s affiliation with Binance, the global exchange.
He confirmed to Mariblock that Binance Limited Nigeria is unaffiliated with the global exchange, adding that he registered the company for arbitrage purposes.
“The company [Binance Nigeria Limited] is not affiliated to Binance. It was only registered for arbitrage reasons when we thought Binance might want to set up operations in Nigeria. But that did not happen, and as you can see, it [Binance Nigeria Limited] is inactive.”
A Binance spokesperson told Mariblock:
“We are aware of the circular. However, the entity mentioned in the circular [Binance Nigeria Limited] is not affiliated with us. We are therefore seeking clarity from the Nigerian SEC and remain committed to working with them cooperatively on the next steps..."
This is just the SEC warning anyone within this region to be careful about investing in cryptocurrency because of the risks involved, mostly for those who have little knowledge about the subject matter. The SEC isn't against the idea of decentralization, but hopes to help protect the funds and data of its citizenry from hackers, scammers, fake exchanges with questionable operation, by collaborating with other regulators within the country to offer guidance as necessary. https://www.mariblock.com/nigeria-sec-warns-against-binance/I had to follow up with this saga too to know what really is happening and now it is obviously clear that the mainstream binance have refuted the claims that they have link or affiliations with binance nigeria limited. This is coming after much investigations by the sec on binance nigeria limited. This organization have been running for a long time now and it seems they have gotten the required publicity they needed but are not what people think they are. I know they were having the thought that binance would come to Nigeria and when they come, it would happen that the name is already registered and would have no option than working with the already existing one but they forget that this doesn't work that way. Now that the mainstream has come out publicly to deny knowing or having anything to do with them this is an indirect way of tagging them scammers. These are the things that brings Nigeria to being noted for wrong doings. They wanted to act smart while waiting for the mainstream to come collaborate with them if it happens they want to establish an officie here in Nigeria but now the reverse is the case. They have ended up in doing more harm to themselves and organization as binance has included the word "scam" to their public notification and awareness on their official social media handles and this would cause the problems as the Crypto community would cast doubt on their credibility. |
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Hi, i tried this casino i found here in bitcointalk forum,
i signed up, made a deposit and tried to play to a slot....
results shown in casino statistics:
Total game played: 370
Total loss : 330
Total wins: 38
now im asking myself: how do the call this "provably fair?"
let me give you a little advice, stop playing to this S***, all online casino will
only cost you money an time, you will never win a dime in these places, and if you win,
you will lose it next time (doubled)..all games are programmatically set to steal your money...
they are not rigged by casino, there is no need to do it, they already born this way, directly
from the software company...period
Good Luck
OP, definitely, in every game, there must be a winner and there must be a loser. Therefore, you must be prepared to face whatever the outcome is irrespective of what the stake is that is why it is called a provably fair game. Do not forget that the main aim of every organization is to make profit. So if you claim the gambling organization design softwares to favor them I have no doubt over it so you should expect it because that is the main aim of organizations to make profit. |
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Or worse — sometimes we have users with zero merits trying to teach people how to make quality posts and how to earn merits the right way. Like, lmao. Every time I see those kinds of posts this is the thing that always comes to my mind: 😂😂😅😅🤣🤣 I can not stop laughing this is a typical example of a newbie advising people on how to trade when they have no trading portfolio with no reputation onboard. They have no audience, no activities, not reasonable posts and contributions, no merits and they want to teach their seniors 1 plus 1. |
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The price is currently far below the initial. If you already bought then I think it would be in your best interest to hold for long so as not to be at loss or if you already sold out, that should not be an issue for you but currently, investors are taking advantage of this opportunity to bag more while the weak hands are on the rage of selling for missing out.
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This market is not favourable since 2021 till now like as of last two years that was a boom let's face the fact about, bitcoin price has drastically reduced the number of buyers overtime, even most of you that have it before aren't buying more bitcoin recently because of the waving price dilemma. Think of it this way, if you sleep by 8pm and wake up by 5am to discover that bitcoin rise up to $50k, will is you said is scam? Or will you regret for not buying again? Believe me it will shock many people how the bull will react. Keep buying if trust bitcoin
I can see a lot of people still buying Bitcoin even at this moment even if the market price drop a big percentage, I mean when the market price drop there are a lot more opportunity to invest in Bitcoin and more people have a chance to buy Bitcoin that they can sell in the future for a lot higher profit, Its really difficult to hold Bitcoin especially if you see the market drop a lot of percentage and that's where a lot of investors start to sell their Bitcoin. Probably because of a lot of bad news and articles online about Bitcoin and cryptocurrency that really affect the market. But still, I still can't see people who will stop buying Bitcoin, There is always a cycle in the market probably at this moment there are only a few investors that are willing to risks because of the low market price. This is the opportunity to buy since the market price is low sure when they see the market price continue to increase a lot of people and investors will want a piece of Bitcoin on Bullrun. If a lot of people were buying bitcoin now, we would definitely see it on the price change chart. But what is happening now suggests that there are still more people selling bitcoin, which is why the rate has fallen. There is a kind of panic effect here. The more the price falls, the more willing to sell btc. Because the fear of a further fall forces to do so. On the bullrun it will be the other way around. The more the price rises, the more people will invest in bitcoin. This will work until a certain point. This is a well-known paradox of any markets, be it the cryptomarket or the stock market. You don't have to follow the crowd, you have to go against the market. And no matter how much cheaper bitcoin is, there will always be buyers, thanks to whom the lower price bar of btc is kept. So, the question, are you still buying, remains relevant until now. Because now is not a bad time to do so. This is absolutely the right time to buy more. The weak hands are leaving, dumping for the whales to take charge of the bitcoin market. I wonder if they are aware of the halving around the corner and if they were wise and smart, they could hold no matter the market pressure but we are not I their minds neither do we know what they are up to but I believe still at low now, it could pump back to a new atl at any moment as no one has the final autonomy of bitcoin price and movement. |
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