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2301  Other / Beginners & Help / Re: Question on: March 17, 2022, 10:43:23 AM
What do you mean electro wallet?

Trust walet Is a fairly popular wallet, but there are a number of question marks about their safety and security and I would not recommend it.
There have been reports of them having a bad customer support system and they switched from being open source sometime back.

There are many more reputable options for a wallet software which you can use instead. What coins do you want to store?
2302  Other / Meta / Re: Lock Russian section. on: March 15, 2022, 08:15:11 PM
<snip>
For what it's worth, it's an inquiry about the forum and fits in the meta board. It could rub some people the wrong way and be somewhat not constructive, but heavy moderation in a discussion board related to the forum might be counter productive.

This of course means we'll have to deal with a bit of shit posts.
2303  Other / Meta / Re: Lock Russian section. on: March 15, 2022, 06:04:40 PM
I would like you to point out Putin's account since he is one of the representatives of that Nation. Maybe I could throw him some red tags.
I'm cracking up at the thought of this. If Putin did have an active account here, it would definitely have been spammed with "Untrustworthy, I wouldn't trade with him" tags, but with much more vulgar language.
2304  Bitcoin / Bitcoin Discussion / Re: New South Korean president is pro-Bitcoiner and vows to deregulate the industry on: March 15, 2022, 04:39:13 PM
Bitcoin should never have been regulated in the first place, for it to be de-regulated. It is a decentralized network which does not need a central authority to function, it is a Peer-to-Peer system, where the users function as their own banks.

So it's a game of perspective. As we belong from an international bitcoin community, any news of deregulation will be positive for ua. But at the same time we will be concerned about the future misuses of cryptocurrency in South Korea.
Regulations does not prevent misuse of cryptocurrency, same way fiat is misused even though it is a highly regulated system
2305  Bitcoin / Electrum / Re: Electrum LockTime? Change Adress? on: March 15, 2022, 04:14:03 PM
I sent the bitcoins from Electrum to Wasabi. My Wasabi wallet briefly showed that the coins were received, after 3min when I went back to the PC the coins were no longer on Wasabi or Electrum.  On Electrum I found on the Send tab a transaction that was not executed, which contains the address of wasabi. Status: unpaid. But in the transaction history were displayed that the bitcoins have already been sent also confirmed.
This is quite a peculiar case. Had the amount you tried sending been sitting in your wallet for sometime, or did you just receive it?

My best guess is that the initial transaction from electrum to Wasabi was an unconfirmed parent transaction, and you tried creating a child transaction from that unconfirmed parent transaction. That unconfirmed transaction could have been invalidated by double spending.

I don't know, I copied the address from Wasabi and pasted to Electrum normally and hit send like I always do.
I didn't check before but the PC was freshly booted and only Electrum and Wasabi were open and I didn't copy anything before.
If the address was incorrect, then you should not have gotten the notification of an incoming transaction on your wasabi wallet at all.

Okay I see so it can't be that the coins are changing to another address and only transferred to the address after the lock time has expired.
No, that's not how locktime transactions work.
2306  Bitcoin / Development & Technical Discussion / Re: Issues I Had With Bitcoin transaction As Newbie on: March 15, 2022, 11:51:09 AM
‌[A]. Bitcoin transaction (Blockchain technology) in my view should be improved in such a way ,
That modifications can be to either where a wrongly sent transaction could be reversed when sent to a wrong address,
Or you could just take more caution and double check, or triple check that address you are sending to.

‌ The system could be improved in such a way that a unique name be attached to a partular address and anonymously the system would detect immediately that the name and address do not tally and hence tag it a wrong  address, A system where this  mistakenly sent transaction can be reversed if requirements for such reversal are met should also be created.
For example
 imagine having billion dollars transaction mistakenly sent to a wrong address where there is no system in place to reverse it.
• Firstly, Bitcoin is pseudo anonymous, so some users would not want to have any sort of unique name associated with their address.
• Having a system that can access and reverse erroneous transactions is same as centralization, which is the opposite of how Bitcoin was designed. You are essentially your own bank and are responsible for your actions and mistakes.

.High Transaction Fees.

‌More system should be created to help cut down the transaction fees incurred when during a transaction so that someone can pay almost zero in the transaction fees.
There are a couple of options to reduce tx fees
• Segwit addresses,
• Consolidating multiple inputs,
• Timing when you spend to avoid network clog,
• Calculating how much to spend, to prevent change address, etc.

The bottom part of this thread - Beginner's Guide to Transaction Fees I created some years back, explains some of these concepts further and contains useful links as well.
2307  Bitcoin / Bitcoin Discussion / Re: El Salvador's President Bukele gets An 85% Approval Rating on: March 15, 2022, 11:44:19 AM
Here's a link to the news - https://elsalvadorinfo.net/nayib-bukele-approval-rate/, for those who want to review it.

What do you think of this development?
It is a political development which affects Bukele and his ambitions, it's not directly related to Bitcoin and shouldn't be in Bitcoin discussion board.
You can post this in Politics & Society board.
2308  Other / Archival / Re: Request for Ukraine local board on: March 15, 2022, 05:04:53 AM
I think it's time to create a full-fledged Ukrainian locale with subsections. And first of all, create a political subsection for ukrainian users, since there is an urgent request for this from the majority of ukrainian users
This is the first thread I have come across regarding this issue, that doesn't represent an urgent request from the majority, it's your request.
You should be looking to back your request you with data so as to convince the admin that a local board is really needed and a thread is not sufficient to support the discussions.

P.S: Stop ignoring that fact that moderators in russian locale are ukrainians.
That should mean that Ukrainians are not being marginalized as they are represented as moderators.
Although, admin is very selective in choosing a moderator and users who are selected usually have a low chance if being biased.
2309  Bitcoin / Bitcoin Discussion / Re: Its time to go in crypto lets leave fiat cutrency on: March 14, 2022, 07:31:09 PM
Im ready to go full in crypto and im sure all u are ready to get all the assets in the world for crypto.
Going all into crypto is not feasible at this moment. Majority of stores and merchants do not yet accept crypto and that is just the half of it, the volatility in crypto means you will constantly be checking the market value before making any purchase.

As war situation fiat curremcy might not used anyways for sometime in some european countries to get properties with btc
Cash would be one of the most valuable currency during war time. Bitcoin is more useful to carry assets on you, but you would have a hard time finding where to spend bitcoins during war.
2310  Other / Beginners & Help / Re: E-naira and Crypto currency on: March 14, 2022, 05:40:47 AM
E-naira adoption would definitely be low as the citizens do not trust the government and would rather not have them controlling their finances completely.
If so, this perspective can be applied on their local currency naira, as well? Which is more problematic.
It indeed is applied to the local currency, that why citizens were switching to using bitcoin as a store of value to escape devaluation.
With E-naira however, there's no physical cash, it's a digital and the government can arbitrarily block or freeze your account as they do with bank accounts, but this would be more efficient to be controlled as it all digital with no physical version.
2311  Other / Meta / Re: Not sure is the thread is legal. on: March 13, 2022, 08:33:51 PM
Honestly i think it was deleted because it was clearly a scam,
It was clearly a scam attempt and a poorly executed one, but that would not have been the reason the thread was deleted as scams are not moderated by the forum, regardless of how obvious it turns out to be; Many members are rather not convinced by that rule, but that is what it is.

The mods could have found whatever other reason to ban the post for as it broke more than one rule.
2312  Other / Beginners & Help / Re: E-naira and Crypto currency on: March 13, 2022, 08:23:57 PM
The reasons of the ban:
...
The reason for the ban was that the country wanted to completely regulate the financial system and use that to control the masses.
The ban came of the back of the #ENDSARS protest and how bitcoin was used as a means to evade banking limitations, so to nip it in the bud, the government banned bitcoin transactions through banks and twitter as well, blocking free speech and unregulated transactions.

E-naira adoption would definitely be low as the citizens do not trust the government and would rather not have them controlling their finances completely.
2313  Other / Politics & Society / Re: what could be Vladimir Putin intension for the war? on: March 13, 2022, 04:20:55 PM
Despite the fact that the negotiations for peace between Russia and Ukraine is making good progress,
There has been no progress with the peace talks besides the fact that there has been a couple of such meetings and this is evident in how the invasion is being escalated further by the Russian troops.

The intent of Putin can not be determined, we can all but speculate what triggered the attack and what the fall out effect would be over the coming months and possibly years.
2314  Bitcoin / Bitcoin Discussion / Re: Upliftment of Crypto Ban of Nigerian Banks on: March 13, 2022, 10:13:18 AM
How do you cashout BTC?
There are ways to cash out of course going through banks or 3rd party will be risky for you.
There are peer-to-peer exchanges which connect buyers and sellers together such as bisq and hodlhodl. There are also P2P options on centralized exchanges where users can trade directly with each other through a regulatory system acting as escrow.

And if I were in your shoes, I wouldn't risk meetup or peer to peer either.
Bitcoin was designed to be a peer-to-peer network, so it is ironic you would not risk that, but would trust a third party system.
2315  Other / Meta / Re: Let's change the perspective and stop plagiarism. on: March 12, 2022, 08:53:10 PM
I fail to understand the purpose of this thread, the forum rules on plagiarism is not ambiguous;
• Users do not get banned for sharing content of others as long as it is referenced or indicated that is a quote,
• If there is enough original thought and content put in, it doesn't count as plagiarism,
• Cases are handled case by case and leniency shown in different scenarios,

Users can report to the mods based on their personal view and mods can decide on what action to take, that does not warrant a thread. Users who report are not the problem, those who break the rules are.

@lovesmayfamilis sir did not want to harm you sir just point out your mistakes you learn from this and keep your feet on good steps then you can survive here for a long time you can recognize this world as your own.
Huh Huh Huh
2316  Bitcoin / Bitcoin Discussion / Re: Upliftment of Crypto Ban of Nigerian Banks on: March 12, 2022, 08:42:03 PM
I am personally not hopeful that the federal government would renege on its decision to ban banks from getting involved in crypto transactions, beyond articles like these, the benefits of bitcoin to the citizens are evident, and one of them which sticks out a lot is the freedom it gives to users, and not every country wants the people to have that kind of freedom, especially as controlling the financial system is one way countries control the people.

Upon the ban of the currency, Nigerian youths still use the currency effective.
Cause you cannot ban the bitcoin network, you can only ban yourselves from it. As a decentralized asset, no one has control to prevent transactions.
2317  Bitcoin / Bitcoin Discussion / Re: EU proof of work ban (Bitcoin) on: March 12, 2022, 08:33:04 PM
Will bitcoin scalability reduce the rate of energy consumption in the future to have an edge of parliament decisions in such a direction just like Bitcoin's anti-inflation mechanism
The headline is being milked by the media for views and clicks, and the idea of bitcoin contributing to climate change and the energy consumption being detrimental is something that has for a long time been blown out of proportion a lot and does not reflect the reality.
There is no extensive damage caused by bitcoins usage and consequently there is no issue that needs to be fixed.
2318  Bitcoin / Bitcoin Discussion / Re: Bitcoin & California on: March 10, 2022, 08:18:16 PM
One thing I’ve kind of been wanting to ask when it comes to making bitcoin legal tender in certain places, why does it really matter, like what difference will it make exactly?
It does not directly help Bitcoin, but it could shape the public opinion around it. Governments turning to Bitcoin announced it as a global asset, meaning more people would want to own it, driving up demand.

Does that mean that every place has to start also accepting bitcoin ?
They do not have to and countries/states which do accept Bitcoin would be doing themselves a favour and eojmd be ahead of the curve in the coming years considering the potential growth of the network.
Bitcoin would be fine without such adoption though.
2319  Bitcoin / Bitcoin Discussion / Re: Mexican cartels launder 25.000M $ per year – press highlights association to BTC on: March 10, 2022, 07:36:48 PM
Press needs to stop searching for headings and learn to contextualize properly. By the above quotes from the base report, they should really have highlighted the association to banks, and not to crypto ...
A link between cartels and fiat will not really yield much traffic, cause people do not really care about what is done with fiat which is already accepted globally as the staple means of transacting, drug deals happen on the streets everyday with fiat, nothing new to see there. Crypto would make far more headlines and news media has been known to twist news headlines in order to create more controversy, and there's no shortage of controversy with Bitcoin.

The best approach is to debunk those news articles on social media and any other source it is published so more people are aware of the twosted facts.
2320  Economy / Speculation / Re: Why is the price of BTC dropping? on: March 10, 2022, 07:23:39 PM
Seeming decline in the price of Bitcoin is becoming a cause for alarm, because investors and intending ones will be skeptical, preferring to wait to see if there will be a balance.
If you zoomed out of the chart to a couple of months or years, then you would not notice any cause for alarm, rather an asset which has been steadily appreciating over time.
Intending investors should not focus on the last 7 days chart when choosing an investment, or they would likely be making the mistake of buying shit coins which were pumped and are going to dump. Proper research involves studying the fundamentals and also the technical aspects of the market.

Bitcoin is currently trading at $37,000 down approximately 45% from its high as posted in Nov. 2021. Are there provisions put in place to curtail this downward spiral?
This is a decentralized network and there is no system which regulates the price.
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