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21  Other / Beginners & Help / Re: A Rookie Question (Sorry) on: October 11, 2018, 07:46:08 AM
the term "confirm" is used when a transaction is included in a block. which means miners are the ones "confirming" transactions because they find blocks and include transactions in it.

if you mean "validate" then that is what nodes do. they receive transactions, validate them to see if they are not breaking any rules and relay them to the rest of the network. they also receive blocks that miners find, and again validate those before adding them to their "storage" which is the local copy of the blockchain they store.

more info: https://en.bitcoin.it/wiki/Full_node

I think it`s a really good explanation and I understood most of it. But I`m confused on one minor thing;
What`s the (technical) difference between confirming and validating?

validation is done by full nodes before the transaction is added to transaction queue - mempoo for further processing which after it is additionally validated and added to a block.

Miners disburse electrical and processing power confirming transactions in the queue. After confirmation, it is then added to a block. The entire block has been generated and confirmed. Until a miner produces a new block containing the transaction, it is not confirmed

Most Nodes do validation rejecting transactions that are considered invalid, but ONLY miners do confirmation.



22  Alternate cryptocurrencies / Altcoin Discussion / Re: YOU ARE YOUR OWN PROBLEM HERE on: October 11, 2018, 07:14:25 AM
I will not say that it is apathy but i think it is the laziness of both the investors and the bounty hunters

I believe apathy and laziness are closely related but differ. One can say its laziness since people don't wish to research or pay attention to contents with their energy while apathy is no interest whatsoever, the drive is just not there.

many are not interested in all these maybe due to reasons..they don't feel the drive needed to study and make original contents which is why i say its more of apathy than laziness..kind of a tricky spot
23  Alternate cryptocurrencies / Altcoin Discussion / Re: YOU ARE YOUR OWN PROBLEM HERE on: October 10, 2018, 06:17:24 PM


hey, you don't write texts by any chance? i like the structure of your message
[/quote]

Actually. I don't . This is where I started any form of writing and research.



quote author=kenman link=topic=5047814.msg46732368#msg46732368 date=1539194680]


[/quote]Especially that it starts with the main reason of any failure - apathy as a psychological state. really interesting
[/quote]

I have noticed since my joining this forum that not everyone can see what is happening in real sense. I just got this awareness today after reading a thread with scam issues and how users have no idea that they are giving chance to it more
24  Alternate cryptocurrencies / Altcoin Discussion / YOU ARE YOUR OWN PROBLEM HERE on: October 10, 2018, 05:47:56 PM
Please, forgive my English and spellings. I am trying to get used to English as fast as i can. Any correction or extra idea will be added and appreciated


'Apathy’ is a state of being or condition that means not having interest or emotion about something. It can also be said that an apathetic person is indifferent or insensible. It usually is used in a negative connotation. For example: The teacher was saddened by the student’s apathy for learning. An apathetic person, or a person possessing apathy is not necessarily ignorant, they simply don’t care.



I got motivated after i got tired of reading and hearing about SCAMMERS AND HACKERS and their escapades. It can not be entirely avoided however, most times, we are at fault because we have REFUSED to learn and guard ourselves in good ways in other to identify scams and poor security lapses. We don't care enough to get factual details on actions or projects we engage in yet, when we get scammed or hacked, we care to cry and plead for help.

Let me draw you all closer to home: Have you seen our forum of lately? There are so many posts and threads that in some way keeps asking users to; read, learn, post constructive ideas and comments, follow rules, research, etc yet, you get surprised/irritated seeing the amount of people that has failed to follow simple laid down rules and structures, hesitate to research and read in order to contribute like some others are doing in a healthy way which leads to loss or bad decision making or asking for help unnecessarily over things that could have been avoided.

If only we spend time, resources and needed effort researching more on that investment, job, ICO, project, account/profile security you are about engaging with, then that reduce drastically the percentage of scams and hacks taking place.

Learning and growing are one of the few things in life that has no limit. Same with scammers and hackers, You will be amazed to know the extent at which scammers/hackers go in other to perform tricks, scams and hacks that rival current technology. If each and everyone of us here are to be honest, we will all admit that scammers/hackers are very well experienced and detailed as well as have huge patience in order to execute their intentions and plans.

As a participant in the cryto-world, continual learning and research is the best means to avoid scams and hack tendencies. For example, If most of us researched about crypto projects extensively before investing in them, we would most likely identify a scam project or a DOOMED PROJECT. Some projects out there are not always scam however, that doesn't mean the project will be successful.


We can't always blame scammers and hackers for our problems when part of that blame is on most of us for neglecting ideal research and learning more about what the cryto-space has to offer. I have seen users that are on the verge of investing in a project yet, they have no idea about simple crypto requirements and features like differences in wallets, whitepaper, and several other common terms out there.


I am not in support of scammers and hackers, they have chosen to use the knowledge, resources and skills to cause pain and steal from others yet, we can not deny how these scammers and hackers pay attention to details and rules as well as spend quality time research and learning in other to execute their plans. If we all do the same, we can 90% of the time, avoid loss and hack intrusions when necessary.


EXTRA : Issues of constructive posts won't be an issue or difficult for users if we study, research and exercise patience. There can be lots of benefits that comes from reading and researching other than protecting ourselves, we can also guide others as well as the forum in general. We have so many rules here because many of us have failed relating to common sense and chose to ignore simple instinctive rules.


25  Alternate cryptocurrencies / Altcoin Discussion / Re: Scammers are lazy on: October 10, 2018, 04:31:20 PM
Hahaha...Scammers are lazy? i really don't accept that. You will be amazed to know the extent at which scammers/hackers go in other to perform tricks, scams and hacks that rival current technology. If each and everyone of us here are to be honest, we will all admit that scammers/hackers are very well experienced and detailed as well as have huge patience in order to execute their intentions and plans.


Let me draw you all closer to home: Have you seen our forum of lately? There are so many posts and threads that in some way keeps asking users to; read, learn, post constructive ideas and comments, follow rules, research, etc yet, you get surprised/irritated seeing the amount of people that has failed to follow simple laid down rules and structures, hesitate to research and read in order to contribute like some others are doing in a healthy way which leads to loss or bad decision making or asking for help unnecessarily over things that could have been avoided.

Back to it, hackers and scammers, they possess skills and knowledge that always compete with current software and coding. So, i refuse that idea that they are lazy. I would rather say, they use acquired knowledge, skills and resources in manners that are wrong and causes harm to others.
 
26  Alternate cryptocurrencies / Altcoin Discussion / Re: Stop Crying about Crypto (FOR ALL INVESTORS) on: October 10, 2018, 04:10:40 PM
What is the famous saying........"If you can't handle the heat get out of the kitchen."

There are so many people crying about the recent dip of BTC that I'm frankly getting annoyed.

its only human to agonize over loss and failure but that doesn't always mean 'quit'. So. let them cry, after the pain, you will notice another investment will be made and that person would have gotten smarter and gained an experience. No fewer than most investors in the cryptoworld had one time or the other wailed over a lost investment or bad decision but they still go in, smart and hard like it never happen.


You should know the risk involved in investing in crypto. If not, don't even waste your money.

We all know the risk involved, from the experienced down to the newbies, they all know the risks yet, that doesn't stop loss or bad decision. if you see one crying, don't think they had no idea what the risk was, not necessarily, some times, they did. it just happened all the same.


this is sorely from my own experience
27  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum is ICO king, Do you agree? on: October 10, 2018, 02:16:33 PM
Ethereum, so much possibilities it offers to the real world through its blockhain platform. Think about all the intermediary services that exist across different industries. Ranging from asset management, resource planning to loans provided by banks and services like, voting systems, regulatory compliance and much more. All by using ethereum’s more flexibly-developed blockchain technology, practically anyone is able to make their own decentralized applications.
28  Other / Politics & Society / Re: THE SOLUTION IS CLOSER THAN YOU THINK on: October 10, 2018, 02:07:08 PM
Problem=solution=problem=solution.....and the circle continue. There is always a problem to be solved, a never ending process. In my experience, every problem we all face is unique to our individual ways as well as its impact differs and, yes!, solutions most times lies within reach and other times, not so fortunate.
29  Other / Beginners & Help / Re: INVESTORS' GUIDE|| INVESTING IN THE RIGHT CRYPTO on: October 05, 2018, 07:03:36 AM
most people are lazy about reading all that and become carried away by moon and lambo, there by failing to carry out proper due diligence about a project

True talk. But these days, everyone looking for easy way out even when money is involved.


Of course people lazy, but people who want not to loose their money will read the information. You need to be smart if you wanna earn money!
I don't know if it's laziness but I have seen people that wants to invest yet don't like detail-reading. Some are friends, they would rather ask for someone else to do the reading and find out details for them .
30  Other / Beginners & Help / Re: INVESTORS' GUIDE|| INVESTING IN THE RIGHT CRYPTO on: October 04, 2018, 05:35:44 PM
because there are others that just copy others ico white paper.

Now you mentioned it, this is true. i have seem to notice this instinctively. This is a good point, i will add this view to the others as to warn people to research more. Apparently, whitepaper is losing its ability to entirely spot scams and doomed projects faster as the day goes by.
31  Other / Beginners & Help / Re: How to improve the benefit of new bounty hunter from Crypto ! on: October 03, 2018, 09:17:23 AM
Most of your time will be wasted searching out bounties, the majority of these "projects" are complete scams. 

Speaking about scams, we also forget not all, are entirely scams. Some are just bad projects doom to fail and at the end, people call them scam since they barely fulfilled.

I think it will help alot if we also warn against projects/bounties that won't work at the end or produce adequate value.



I have seen campaigns with more than 400 articles written and almost half of them got rejected. You have to spend a lot of time learning about the ICO in question to be able to write a good article about it.

Truer words!

Also, sometimes, people are scared of tasks like article writing and Youtube videos because at the end, it could be a waste of time, resources(YouTubers) and painful mentally after stressing your mind and brain only discover that the project/bounty is a scam.

Secondly, we have issues with most people failing to read and research about things extensively. Thereby, alot of people fall back to social media campaigns and avoid the ones that pay more due to their tedious nature.
32  Other / Beginners & Help / Re: INVESTORS' GUIDE|| INVESTING IN THE RIGHT CRYPTO on: October 03, 2018, 06:23:34 AM
You are right ! . Read Whitepaper is most important if want invest in a project. It show us everything about project, team, roadmap, target, ... .

Indeed, I wish alot of people will see the importance depsite the whole lengthy reading. It could save money, time and increase ones knowledge on these things
33  Other / Off-topic / Re: Get free(well deserved) merit for quality posts (limited period) on: October 02, 2018, 12:25:25 PM
https://bitcointalk.org/index.php?topic=3822625.msg46272044#msg46272044
https://bitcointalk.org/index.php?topic=5041497.msg46386016#msg46386016


a few of my post links. thanks
34  Other / Off-topic / Re: Dread Pirate Roberts "Merit" for Quality Post or Discussion on: October 02, 2018, 12:02:27 PM
I know i lack one of the requirements since i am still newbie however,  i don't mind if you just take a look at these;

https://bitcointalk.org/index.php?topic=5034791.msg45997416#msg45997416

https://bitcointalk.org/index.php?topic=5041497.msg46386016#msg46386016

35  Other / Beginners & Help / Re: Beginner's Guide - How to invest in ICO on: October 01, 2018, 05:17:19 PM
Hi everyone,

Could you give a few answers on investing in ICO, please?

1. Whether investing in ICO a good choice for a newbie?

As a newbie, I wouldn't recommend diving into investing in ICO yet, what you need to do, is grasp the necessary guides to understanding how ICOs work. Ii speak from experience because I got scammed other than that, there are many ICOs out there that are doomed to fail. Despite not being scams doesn't mean it's a success. There are hundreds of threads and topics that will give you a good clue to what to do and how to bakue your resources before plunging into ICOs and losing it.

Here are some links

https://bitcointalk.org/index.php?topic=5041497.0

https://bitcointalk.org/index.php?topic=5004397

Thank you very much! Great tips!
I hope I'll go through all this.

One more question. As far as I understood, I'll need some additional software to work with ICOs.
People write about VPNs and proxies to access some geo-restricted websites with ICOs.
Whether VPNs reviewed on CNET (https://www.cnet.com/best-vpn-services-directory/) or here (https://vpnservicepro.com) are the right choice for this?
Do I need some free services or paid ones?

Thanks in advance!




I believe paid version has some extra services and those extra services are usually the essential ones and comes with more servers and all that stuffs. if you can, settle for the paid version as to get best services
36  Other / Beginners & Help / INVESTORS' GUIDE|| INVESTING IN THE RIGHT CRYPTO on: October 01, 2018, 10:24:26 AM
                                                                                                     THE WHITEPAPER FULL BREAKDOWN


                                     
INTRODUCTION : If you are interested in the blockchain/cryptocurrency space, be it as a businessperson, investor or a developer, one thing you can’t/ shouldn't ignore is whitepaper. Say, you are considering investing on an ICO, you are importantly advised to read the white paper of that ICO. If you are unsure about what an ICO is, then please check out this article HERE and HERE.

If an ICO hopes of becoming a successful campaign, a whitepaper is essential to persuade people to support its idea, product or service. More recently, more and more new cryptocurrency white paper presents new technologies that will change the industry. Due to this, whitepapers has recognized great value in the sight of investors, businesspersons and developers as well.

DEFINITION : Guessing enough, the introduction above must have given you a tangible clue to what it is. It is an informational written document presented stating the ICO's purpose, its entire architectural details, what it hopes to achieve and how it hopes to achieve it. All these are for the sole purpose of attracting attention and participation of investors, and other like-minds.


BENEFITS OF READING A WHITEPAPER

There could be more reasons to reading whitepaper than this, but these are the sole reasons for me;

 1. For identifying how legitimate the ICO/Cryto is/can be. That is, by reading the whitepaper, there is a good chance of avoiding scams.
 2. Value and motivation of the ICO/Cryto. What makes it special, different and worthwhile.

LIGHTPAPER : Like whitepaper, this also gives you insight into the plan and technology of the ICO/Cryto however, it is not technical and detailed like whitepaper. Some ICOs utilizes it thereby, many lose focus thinking they are having a whitepaper in study.

Most times, white papers can be literally confusing due to the use of technical words and made-up names. These are sometimes, the complications you find in whitepaper making it difficult to understand. However, If not certain of what a project is all about, then it is either the project is more advance than the knowledge you already have of it, or the project just doesn't have anything to offer, literally.



READING A WHITEPAPER CORRECTLY

Imagine, you have an ICO in mind, having few details is not enough to decide if it will be a good investment therefore, the whitepaper helps you by giving you all the reasons and evidence towards knowing how promising the project can/will be. Now, there are critical points almost all whitepaper possess but it could vary depending yet, still passes the necessary details. They are;

-INTRODUCTION

An introduction gives an overview of what the whitepaper contains and what the reader can expect. briefly explaining the background establishing credibility. An introduction is important and time saving for the reader or audiences.

-PROBLEM PRESENTATION

An insight to what problem the project is trying to solve in context and why the project is needed to begin with. The clearer the presentation of problem to the reader, the simpler it becomes to see its purpose and therefore the potential benefits of the project. Before you invest your time or resources in any project, find out to see if another project is trying to solve the same problem and which is better

-SOLUTION PRESENTATION

This becomes a very technical section of the whitepaper since it details the solution to the established problem . It shows how attainable and realistic the project can be and the competency of the team and the understanding they have of the technology as to achieve a success. Also, it details the applications of project like, the application of Ethereum as a decentralized platform that runs smart contracts. The Bitcoin white paper is a good place to start if you hope to get a view of what a good white paper looks like.

-TECHNICAL DETAILS

When an understanding of the solution to the established problem has been made, then you are shown HOW this solution can be made possible and the problem handled. This is usually filled with technical terms, analogies and crypto-slangs, technologies used may be emphasized or may not  however, be ready to get detailed about blockchain, security aspects and tokens.

-ROADMAP/CROWDSALE

This will include all relevant launch dates, bonus schemes, how the funds raised will be used. This display project’s objectives, and time ranges at which they are hoped to be achieved. Details such as; duration of the token sale, number of tokens that will be on sale, e.t.c. The more detailed and practical the roadmap, the better the expectations of investors can be managed. With these details, an investor will know when things are fall out of place assuming the project consistently fail to meet its stated goals at its promised time frame.

-THE TEAMS BEHIND THE PROJECT

This carefully describes the teams involved and their familiarity with the crypto sector coupled with their experiences. In total, a view of the team's competency will be laid down to prove to the reader that the project is in good hands and minds.

-FINANCIAL BENEFITS

How will the project get to the market, how will it be utilized by customers and organizations, what the worth is going to be, how it will save investors towards a profitable means, what kind of money supply management will be put in place, and how it will benefit the cryptocurrency community.

-CONCLUSION

Acting as a closing statement, summarizing the project’s key points , the conclusion is meant to give hope, and end on a good note. It may speak about the future steps and include a call to action to get involved in the case of an upcoming token sale.



MY FINAL ADVICE TO ALL
Studying a cryptocurrency whitepaper is about trusting your gut after looking for what is very crucial in the whitepaper.  A good whitepaper doesn't entirely guarantee a successful project, however, a bad whitepaper can give out a project that is sure to fail. Deciding to invest in a project means and requires you to follow ideal investment ethics and DON'T INVEST MORE THAN YOU CAN LOSE, EVER!.
37  Other / Beginners & Help / Re: Investing in crypto on: September 28, 2018, 02:21:07 PM
Should I invest in some new coins? What are the main points to pay attention to before putting my money into crypto?
Thanks!

The whitepaper will help you in more ways when it comes to investing in cryto ..to have a good understanding of what a whitepaper may be, https://bitcointalk.org/index.php?topic=5039628.0
38  Other / Beginners & Help / Re: Beginner's Guide - How to invest in ICO on: September 28, 2018, 01:43:45 PM
Hi everyone,

Could you give a few answers on investing in ICO, please?

1. Whether investing in ICO a good choice for a newbie?

As a newbie, I wouldn't recommend diving into investing in ICO yet, what you need to do, is grasp the necessary guides to understanding how ICOs work. Ii speak from experience because I got scammed other than that, there are many ICOs out there that are doomed to fail. Despite not being scams doesn't mean it's a success. There are hundreds of threads and topics that will give you a good clue to what to do and how to bakue your resources before plunging into ICOs and losing it.

Here are some links

https://bitcointalk.org/index.php?topic=5041497.0
https://bitcointalk.org/index.php?topic=5004397
39  Alternate cryptocurrencies / Altcoin Discussion / Re: Avoid ICO SCAMS on: September 28, 2018, 01:29:58 PM
Initial Coin Offering SCAMS
HOW TO AVOID?

Let's define first what is Initial Coin Offering or ICO?  

ICO is an unregulated means by which funds are raised for a new cryptocurrency venture.
My idea on ICO is CROWD FUNDING .

Now let's move on how can we avoid ICO SCAM

      Crowdfunding is shaping the future of finance. No longer does investment belong to the few and no longer does launching a project mean having to go through all the required conditions of Venture Capital investment. There are now multiple platforms where users can crowdfund their dreams and projects into reality.

Observe this things to avoid it.
  • Unrealistic goals
  • Buzzword salad
  • Whitepaper
  • No Code Repository
  • Team



Unrealistic goals
      
       If the project does have that potential, professional developers will never make such promises. They will let you know about the potential of their project and that’s it. No serious team will ever make a price prediction about their token or claim it can fix the world.

Buzzword salad

      “Our decentralized blockchain-based platform will disrupt the landscape of cryptocurrency investment while building a trustless network of pseudonymous users that leverage swarm intelligence technology to provide real world financial services in a tokenized ecosystem.”

       Some people may have a tendency to use buzzwords as a means to turn a boring text or announcement into something exciting. However, these will have a certain amount of information on it, even if you have to filter out some of the nonsense. Still, if a project needs to do this, then the project is likely to be as boring as watching paint dry.

Whitepaper
    
         Whitepapers usually explain how the platform works both on the high-level and specifically. This often includes charts, calculations, simulations, specifications and so forth. If your project claims that it is building some sort of decentralized service or token with new features and actually provides no explanation of how it works specifically, then just close the document and walk away.

No Code Repository

      This is what matters. Like someone said before “Code is law”. Even if the project announcement and whitepaper are complete trash, you can always count on Github or Sourceforge to put an end to all doubts. If the project provides no link to the code at all or if the project is nothing more than a clone with a few changed lines of code, then it’s not worth your time nor money.

Team

      This is very important. Who is behind the project? Is the team made up of well-known members of the cryptocurrency community? Are they known in other areas? Have they been involved in previous projects? If the answer is yes, then this may be an interesting opportunity. Just remember to check if the person is actually aware of the project as scammers may use famous names just to get people interested even though these are not part of the team.

s/www.cryptocompare.com/coins/guides/how-to-avoid-scam-icos/%3faltTemplate=WebPageAMPGuide]SOURCE

I believe more in whitepaper to identify scams thiugh we all know that a good whitepaper doesn't tell for certain if an ICO is scam.


Also, sometimes, we shouldn't just warn people about scam ICOs alone, there are some legit ICOs out there that have failed due to bad plans and other criteria. People should be warned against scam ICOs as well as ICOs that are doom to fail.

Nice point helping with identify scams


I just dropped a detailed explanation on whitepaper and it's usefulness .

https://bitcointalk.org/index.php?topic=5039628.0
40  Alternate cryptocurrencies / Altcoin Discussion / Re: What should I do now on: September 28, 2018, 09:46:23 AM
Some people say hold your crypto,  some says sell immediately that holding for long is useless.
What do you believe and practice?

That is why there is a crypto-proverb that says, 'Trust no one but yourself'. This is not entirely because others could be wrong but they may not be right as well. My advice is, due to the possibility that the value of a coin could rise with time, you are advice to hold longer as to enjoy more money however, there has also been cases where you hold and in the process,the value drops drastically or in a way you lose, in such a scenario, some people would feel safer selling immediately rather than experience such a condition. Remember in this world of crypto, no certain of what would happen next, all we have are assumptions from deduced facts and ideas. So, it all depends on you and knowledge you have of that crypto you hold
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