Nothing is bad in privacy, it either you handle it all by yourself or else its not privacy at all.


You're right, but when we consider the rate of those that use it for investment and those for illicit acts, we can see the difference is much visible enough with about 96:04 ratio and in percentage base on my personal view, even in fiat currency lot of illegal stuffs are much higher than in bitcoin, we have to understand individuals differences and mentality once it comes to a community settings and we cannot for that evade the benefits of bitcoin in relation to illicit activities some used it for.


Privacy is never abused in any way just because some people may take the advantage to perpetrate fraud, people that fall a victim of scam should be one way or the other blamed and take responsibility for that, because they might have been carelessly unaware with what is meant to be their private data being revealed to scammers knowingly or unknowingly, if one has a property and fail to secure it, then it may end up falling in the hands of looters.

It bother me seeing some countries not qualifying while some I expected not to perform well do make it up, though this is football game and its unpredictable but taking a look at Africa as a whole, a country like Nigeria shouldn't have messed up this golden opportunity to qualify but their loss to Ghana who has been deformed on several occasions is heartbreaking and by now they would have known were their lapses are. This year UEFA world cup in Qatar will be an eye opener for so many countries to sit up and play the real football game in the nearest future.

Putin need to understand that this live has to be taken with ease, even the giant do fall atimes and i see a nearest future whereby the government in Russia may end up on a coup, whereby the government will be taken off the shoulder of Putin because we have it in the past history, looking into the story of Mohammed Gadaffi is worth giving a practical lesson alone. Am rest assured this war will landed in an ugly part on Putin than he had expected sooner.

I don't blame those that are yet to support the existence of bitcoin, such people are the types that exhibit uncertainties, fear and doubt, they are people whole are not willing or ready to take risk but wanted to succeed in life, they'd better watch things happening than for them involved in the happenings.


This is an aspect whereby everyone have different thoughts and views about what bitcoin is, some called it ponzi scheme, some gambling while other sees it as a hideout avenue for scamming and money laundering, but the truth is that bitcoin is a digital decentralized currency.


None, no one has come out to profess any loophole in bitcoin, not even a single one, they lack every jurisdiction to claim the allegations moreover on who will they lay it? on a decentralized entity? its not possible and that's to the fact the i most respect about Satoshi Nakamoto, decentralization and anonymity.

I also assumed about some government that collect tax on bitcoin activities and yet they never accept it as a legal tender or recognized its standard and role in the current economy trend to be fast growing, i asked myself are they afraid or just in doubts about adopting bitcoin, the worse scenario is that politicians uses bitcoin to save up their assets because it is knowingly to them that fiat banks could raise an alarm to the AML and other government agencies for a suspicious transaction which can easily deprive them of their privacy.

Why should you set up a bank? Isn't it another way of centralization that we all have been avoiding?

The solution is already right in your presence (P2P) if banks refused to open account for cryptocurrency users then we make use of the p2p service, no restriction nothing itching and you get your transaction done in a lesser couple of minutes or seconds. Let me remind you, even though you try set up a bank, the government frustration that will be mounted on you will be too much to make it function, whereas you're an entity everyone knows and can be identified, so why taking a whole risk of using your bank that can be halted anytime either by you or the government.

We are getting closer to that gradually, i believe there is a certain amount of daily increasing numbers of  adoption in bitcoin and we can relate this to the series of event happening about bitcoin. starting with Africa which has recorded series of increasing numbers of bitcoiners on a daily regular basis, Asia have also not been left behind, we have scenarios in India, UAE, US, El-Savador Russia and Canada, just to mention few, bitcoin in this regions and all over the continent is fast growing and people are on a big time investing.

And going by fiat currency, i dont see an extinction to it sooner but rather, it may be reduced to bitcoin rate in commercial service and businesses, we can't expect all countries to be developed at once, some regions underdeveloped may still continue to with the use of fiat even when bitcoin evolved round the world, all i believe is just to see a country to second El-Savador adoption and that's all, before you know bitcoin turn a global quest for adoption.

Anonymous are experienced hackers group and not a single entity, they have developed structures and have previous records of their successful launched hack attacks and getting to know their root source has remain an Achilles heel for the governments, and I see most of their attacks were in reponyse to fight against government and fights for human rights.

In my own opinion, I don't regard any wallet with close source as a decentralized one, because that's the only reason that differentiate them from the hot wallet closed source in the centralized exchanges, why will they have in possession of it when it is said to be open source? something must be fishing.


No once it come to dealing with wallets but yes once it comes in other aspect of the economy, base on my understanding.

I've come to think of it, we the investors has the money at hand and are ready to invest on any reputable coin or project while the scammers lack the fund but has enough knowledge to manipulate you into investing on their shitcoins or fake projects, that is why one has to build himself up to a certain extent beyond necessary doubt.

Yes you're right, going through a thorough research is very important, not that one has to believe any news released online about coins but your personal conviction will discern wether to invest or not, although our personal greediness also contribute to many loosing their investments, some coins can be successfully launched and last just for few months before folding up, for those that are smart enough to withdraw their coins before it crash will realize profit while those that are greedy enough to wait longer for the coin to eventually rise higher fall the victim and the value run down to the lowest level.

We have many investors in crypto circle and are doing pretty good, the first question to ask is what coin do you want to invest in, this is the major determinant of how effective is the result you're going to get at the end, we have many coins which are regarded as shitcoins because their project is unrealistic.

That's why you see people investing on coins that have good reputation base on their past projects and the developers behinds it also matters, we all know that bitcoin is of no doubt worth investing on as it is not just a project anymore but a successful digital currency, we have Ethereum which is the second, among others, but your success is now a determinant of how effective your research is about other coins altcoins. Why they said some coins die after a year is as a result of failed projects, scammers, and the real intent of the developer of the coins (shitcoins). The level of your research before investing on a project is very important and this makes alot of people fall into the trap of fake and unrealistic projects due to lack of knowledge.

I think its high time the governments needed to understand how they have been unlawfully depriving us of our fundamental right and how our finances feels unsecured with their regulatory body, they make laws which are not to the favour of the citizens who put them there to be represented, we cannot maintain a secured private life with our financial standings using banks and now that bitcoin has come to lift such embargo off the neck they make the conditions incondusive, I've come to understand that people tend to speak against anything they are not in support of, cryptocurrency has been facing serious challenges with government regulation and tax, aren't they (governments) taking much than they are giving to the society?.

Three Nigerian Banks faces CBN Sanction Over Involvement in Crypto Transaction.

Three major Nigerian Banks on the early hours of Wednesday were reportedly sanctioned in respect to the violation of law enforced by the authority of the Central Bank of Nigeria to ban every account involved in any related crypto transaction, those banks were as follows: Stanbic IBTC bank, Access Bank Plc and the United Bank of Africa (UBA) with a hooping sum of #200m, #500m and #100m each respectively. CBN still maintain it stand by insinuating on crypto as an element used to perpetrates illegal acts such as money laundering, scam, and any form of fraudulent act due to it anonymity.

It could be recalled that earlier last year, the Nigeria government through its financial counterpart place a ban on making any cryptocurrency transaction and ever since then banks have refrain from performing any related crypto payments or transaction.

CBN claimed it has systems in place that places all banks under surveillance for any crypto payments or transaction been performed from any bank to alert them in which banks are unaware of such system in place.

What surprised me most is the claim by Stanbic IBTC bank that the payment could have byepass their system unknowingly to them, i still look forward to when our government will wake up to see the number of Nigerian youth trooping for cryptocurrency neglecting their ineffective E-Naira.

https://thestreetjournal.org/cbn-slams-₦800-million-fines-on-banks-for-flouting-cryptocurrency-order/

I think you will have to bear more patience because ranking up has requirements in which you have to meet up with the criterials such as in activity and merit and Newbie Comprehensive Guide also you need to understand that lot of effort is required from you in other to achieve this, that is you need to make quality post and get accumulated certain merit for each rank as stipulated.

Lastly, i will also advise you to purchase a corper membership, this will also increase some of the functions you could needed for the suitability of your purpose.

i will recommend you Trezor One and Ledger Nano X. This are one of the best Hardware wallets and are open source, they are one of the reliable cold storage you can have your coins.

I think this dominate the major reasons we all are here except for little percentage of those that purposely come to give to the forum, such members never mind or care about joining any campaign but rather remained active and derived pleasure in seeing problems solved on the forum through their influence.


Yes that's true, no one want to invest or waste money on what really don't worth it, take a look at the social media chats people engage doing on a daily basis where freedom has been abused as everyone talk about what he likes with any guiding etiquettes to caution, and you can see that no cognate incentive coming out from it except on few cases which can be tasking enough.

People derived pleasure in value and can go extra miles in paying for such while appreciating quality efforts, same is applicable here on the forum, you can't post anyhow here because here is not a playing ground but rather a community known for professional qualities and standard.

Bitcoin and that's the only one am very well conversant with.

And pls always make your post abit lively by giving it a nice composition by doing so you get better and improved as quality post really matters on this forum.

 Coinmarketcap under attack, scammers now used it for illicit activities after gaining access to hack.


currently coinmarketcap is experiencing a taste from the bite of the hackers as it official account was hacked and aunctioned with the sale of a token, and a huge amounts were told to be carted away within the early hours of monday.
I don't need to emphasize much stress on the post, the quotes explain it all.

Also am not concluding in saying what OP posted is a scam but we need to emphasize on the rate scammers make use of NFT in perpetrating illicit activities.

Is there any official statement from the government claiming to have regretted of taking such decision? even after the adoption the bitcoin value run dip but El-Savador survived it. Atimes bloggers create news out of nothing, just to stir up controversies when they seem not to hear any update from añ event.


How can this be a problem, consider yourself buying a commodity worth of 0.05btc at 0.03btc isn't it pretty good on you own side, same it will be on vice versa if you're the seller but at this time you're loosing, the economy behind market is in the power of demand and supply, we can't expect a continuous increase in selling or buying price in one direction else market will not be suitable worth doing.


Even the fiat ATMs develop fault and tend to malfunction atimes and they are not found everywhere, they are being mounted on specific locations, this is normal because using the ATM is by choice where by you have your mobile internet or laptop to initiate or perform any transaction. And lastly were there ATM in fiat currency before the general acceptance of fiat currency as a legal tender? obviously No.

I've been hearing people with the saying that Nigeria is the giant of Africa but i want to make a confirmation that it has also proven to be a giant in Bitcoin adoption and cryptocurrency in Africa at large despite the  challenges from the government and the financial institutions, this does not in any way affect we Nigerians and our commitments to crypto but instead increased active participation.

The bitcointalk.org forum have many Nigerians who have chosen to create a greater path with their influence on the forum and we all have been part of this better dispensation of knowledge and exposition this platform offers as well.

It excites me when i discover a thread was in place for Nigerians and any other African to engage in discussion in a similar manner of board discussion, which was created by one of the active forum member @Cryptopreneurbrainboss and supported by other and since then, members of the thread have been actively engaged on discussion before it was later pinned sometimes last year.

I see the need to obtaining a local board as very paramount because the Nigeria (Naija) thread have developed a large number of members and need to further expand the scope of discussion if giving a "board" whereby there will be sections to best make suitable contributions (child boards). I see having a local board will also enhance more members from across Africa at large on the forum into the Nigeria (Naija) local board.

Best luck wishes!
Nigeria (Naija) thread.