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4661  Bitcoin / Bitcoin Discussion / Re: With a clogged network, users will start abandoning BTC for alts. Change my mind on: March 12, 2021, 05:50:55 AM
Using a BC wallet is kind of old school, you know. However, the good side to me is that it's very safe. I don't think your perception of it is accurate that it isn't safe. I have been using BC for 4 years now and haven't had any issue with it.
Then what makes you think that a wallet not implementing features that has been around for years is any good? Blockchain wallet might be safe but they're certainly not competent enough.
What makes me think it's safe is because my funds are safe in it and I haven't had any issue using it for years now.

An analogy (May be it will drive the point deeper): That couples this day indulge different sexual positions while making babies and neglecting the missionary position hasn't taken away the effectiveness of the old missionary style adopted by our forebears while birthing our grandparents, and our grandparents while birthing our parents you know?  Grin.

Each to what works for them. I am very comfortable with the BC wallet even to the point that I choose it over the Electrum wallet, any day any time.
4662  Local / Politics and society (Naija) / Re: African Proverbs in Pidgin on: March 11, 2021, 08:38:32 PM
CryptocurencyKing my broda, panic hold me as I see dat word na. E bi like wetin Patrick Obahiagbo (Igodomigodo) dey act. Na sharp sharp I knack the word enta dictionary, make local man nor go fall hand.

Unto the pikin matta, most parents nor dey like accept blame wen their pikin begin misbehave. Dem go like sey nor be dem born am or their neighbours don give d pikin witch chop. We supposed put eye for ground as parents and hold these pikin dem control numbas wella. E bi like my first son, e get some kain jugunu moves wey im go make I go just rememba sey me too do am. I go just hold my biabia dey smile. I nor go fit shout. But e get some wey im go do, I go sey hey hey boy nor go there!
4663  Bitcoin / Bitcoin Discussion / Re: Are small BTC transactions essentially “Wasted”? on: March 11, 2021, 07:18:51 PM
Going memory lane and taking a peep into my Bitcoin wallet history after reading this OP, I discovered that on October 1, 2017, $0.016btc was worth just $69 but today that's $920+. I have had someone send me $1 worth of Bitcoin earlier that same year as a reward for a minor task I did on the forum which was at that time 0.001btc. It was almost like I didn't earn anything. The reward was so small that I could've opted out but the thought of having my first ever Bitcoin drew me in. I anxiously wanted to see what it was like to own it. Today, that same 0.001 is almost $58. So, I would suggest you just leave the meagre amount lie there in your wallet. You never can tell what they will be worth 4 years from now.

Check these two pictures below and you will understand how crazily Bitcoin miners are becoming this day with extortion in fees irrespective of how much is getting sent out.


4664  Bitcoin / Bitcoin Discussion / Re: With a clogged network, users will start abandoning BTC for alts. Change my mind on: March 11, 2021, 04:49:29 PM
I don't know if this is just with me as the Blockchain app I use doesn't recognize Segwit addresses (It has never recognized it once since the Segwit thing came to be). It records them as invalid addresses. Does anyone have similar issue?
I have never used blockchain wallet before, but I just downloaded it not quite long for testing, it does not support both native and nested segwit addresses, it is one of the wallets misleading people to pay high unnecessary fee. Although, it is one of the wallet not recommendable for use, also a web wallet which are most vulnerable to online attacks. For it not supporting segwit is also one of the good reasons this wallet should not be used.
Yes, I think it isn't a great thing that it doesn't support segregated witness. It puts me on the alert to warn those I transact with ahead that I use a blockchain wallet so they know they don't have to send me a Segwit address. But I also use other different wallets too, depending on the need. Using a BC wallet is kind of old school, you know. However, the good side to me is that it's very safe. I don't think your perception of it is accurate that it isn't safe. I have been using BC for 4 years now and haven't had any issue with it.
4665  Bitcoin / Bitcoin Discussion / Re: With a clogged network, users will start abandoning BTC for alts. Change my mind on: March 11, 2021, 01:57:35 PM
OP, you aren't alone on this. Apart from the transaction fees being a killer, the delay in confirmation time makes it worse. The fees when withdrawing from an exchange to a private wallet is a slit throat experience in addition to the already exacerbated situation. Perhaps, that could also be a reason Dogecoin is gaining momentum as transaction fee is almost like paying nothing. This day, I transact in USDT (ERC). It's very fast and the transaction fee is way too good. May be with time this exodus away from Bitcoin will become noticeable and by then it may have become too late for Bitcoin and the community that so much cherishes it.



The use of segwit addresses is is also very important, it can reduce the fee by 42% for native segwit and by more than 30% for nested segwit.
I don't know if this is just with me as the Blockchain app I use doesn't recognize Segwit addresses (It has never recognized it once since the Segwit thing came to be). It records them as invalid addresses. Does anyone have similar issue?
4666  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it safe to invest in BNB now? on: March 10, 2021, 10:37:31 AM
In this March, I can't make my own satisfactory trade due to my wrong decision and research. But I got some profit from BNB and used buy back policy again and again. Today, I sold my all BNB token at around $245 but now it is still bullish in mood. The next major resistance is located at the $300 level. So I need some suggestions whether I go for buying it again or should I stop here.
BNB is a fantastic coin to buy and hodl at this time. It's not just because the Binance exchange is the top leading exchange but for the fact of what CZ has been able to do with BNB as a smart contract. This will perpetually keep the coin in high demand just like what ETH ERC has been able to do. Even if BNB crashes, it will rise back like a Phoenix. The demand will always be there for it as both old and new projects are now moving away from the ERC chain because of gas fee to BSC. However, if you want to buy back, now isn't the right time considering you sold around $245 and the current price is way above that. Wait for a correction and then reenter.
4667  Local / Politics and society (Naija) / Re: African Proverbs in Pidgin on: March 10, 2021, 08:10:55 AM
Mehnnn,,, today eh, i just go on visitation to one near by village, na so them brand two different types of palm wine give me for there hurt.
Enjoy my guy. Life na one chance, e nor get duplicate. I hope you take style reason Bitcoin with dem there sha.

2. If a child doesn't take the resemblance of the Dad or Mom in either above ways, the strange expression could be from a dormant gene set resurfacing again.
I reason dis second wan. Sometimes grandparents genes dey show demselves wen nobody send dem and e dey dey annoying, especially if na d kain gene wey you nor want. Anoda thing wey I wan yarn be wen people dey talk sey pikin nor resemble im papa or mama e go be market pikin. D truth be sey even if na market get am, na im real papa be dat na.

But bros, dat ya "phenotypically" something something nearly off local man oh  Grin
4668  Bitcoin / Bitcoin Discussion / Re: Does BITCOIN make a person's life better !? on: March 10, 2021, 05:01:36 AM
If you look thoroughly, then BITCOIN is just money, but like money, can it improve the world around, and humanity as a whole !?
I don’t think “good” and “BITCOIN” are the same thing, most likely the opposite.
Because of money, a person becomes weaker, he does not need to do something, to develop, because money will do it for him.
Your reasoning is flawed on the surface value, even without going into the denotative which of course is without substance. I don't mean to be harsh here or mean with you. Take a look at Facebook's Mark Zukerberg, would you confidently say his wealth has made him "weak" or lazy? If anything, dude is still working his ass off to better Facebook. What would you also say of Elon Musk, Jeff Bezos, Warren Buffet, just to mention but three. I think the general behaviour is poor folks constantly beefing rich folks. The envy is crystal clear. On if Bitcoin makes a person's life better: the answer of course is a big fat YES!
4669  Economy / Services / Re: [CFNP] Roobet.com Signature Campaign | The Honest Online Casino | Full Members+ on: March 09, 2021, 08:18:17 AM
Congrats, igehhh. You deserve the slot. Welcome to the Roobet world!

Now, roll your sleeves for the task ahead...
4670  Bitcoin / Bitcoin Discussion / Re: Younger Generation and Revolut on: March 07, 2021, 01:49:18 PM
This is the exact thing I would do — hold her by the hand. It's not enough that she's showing interest in Bitcoin, you have to make that interest worth its while for her. She can easily get distracted once she ignorantly falls victim of hack or scam. As her father and a veteran member of a Bitcoin forum you just got your first close ardent Bitcoin disciple. So, make it count. Don't be a distant observer to her. I don't think monitoring and directing her on this will be counted as infringing on her privacy or freedom if that's what you're worried about.
provides basic knowledge about bitcoin, how to get started, where to buy and sell it is what needs to be done from the start. Children today who have an interest in bitcoin have the potential to become even greater bitcoin activists than you. Don't let them fall victim to hacking and fraud, you have to direct them to the right path and warn them about the risks they will face. Teaching it directly will certainly give them encouragement and indeed, not only being observers but being a good teacher will make them experience rapid development. provide a good and correct education and become a teacher until they understand what they have to do in the future.
I guess you tagged me wrongly because you seemed to have reechoed what I said, thinking I said the opposite 😂.

Well, I for one believe there is nothing like starting something at the right time. There's never a right time. The right time is always now. Again, my little knowledge of biology tells me that a kid's mind is a tabula rasa — an empty book, so to say. And as such you can write whatever you want on it and it becomes an impression or learning. Whatever you teach anyone at young age stays with them longer than it would if taught at adult age.
4671  Alternate cryptocurrencies / Altcoin Discussion / Re: Its a bull trap now on: March 07, 2021, 06:14:08 AM
While I think the Bitcoin market has gone fairly on the rise from late 2020 till now I still think it isn't yet saturated to drop. At least, not at the moment. There's still room for upward movement. The alts season is not yet come until Bitcoin's dominance on the total market cap depreciates. As it is now, Bitcoin can still do more push, even up to $60k from the two different charts — 4hrs TF and Daily.



4672  Bitcoin / Bitcoin Discussion / Re: Younger Generation and Revolut on: March 07, 2021, 04:16:48 AM
If you are that worried about your daughter using Revolut, I think that you should teach her the hard way so she can secure her bitcoins.
This is the exact thing I would do — hold her by the hand. It's not enough that she's showing interest in Bitcoin, you have to make that interest worth its while for her. She can easily get distracted once she ignorantly falls victim of hack or scam. As her father and a veteran member of a Bitcoin forum you just got your first close ardent Bitcoin disciple. So, make it count. Don't be a distant observer to her. I don't think monitoring and directing her on this will be counted as infringing on her privacy or freedom if that's what you're worried about.
4673  Bitcoin / Bitcoin Discussion / Re: Where does Elon and Saylor store their bitcoins? on: March 07, 2021, 02:50:50 AM
After all the hype, does anyone have information on this? I reckon blockchain analytics should follow those coins of the new VIP of the bitcoin community and follow the movement of their coins.
To be honest, I believe Elon Musk already was into Bitcoin several years ago. He can't be that tech savvy and not tried Bitcoin or cryptos before now. It doesn't add up for me, knowing him as a risk taker. What just happened now with his open confession of acquiring some is just to get the media buzzing. Remember, it isn't just Bitcoin alone. He also supports Dogecoin. Again, what does anyone have to gain monitoring the movement of any other person's Bitcoin. Does it add anything to one? Well, except one is a research student on Bitcoin, otherwise it's a fruitless adventure.
4674  Alternate cryptocurrencies / Altcoin Discussion / Re: No year of altcoins coming. All the big money is pouring into bitcoin. on: March 06, 2021, 03:55:50 PM
But they do not and will not move, as all the institutional money is pouring into bitcoin.
We won't see a "year of the altcoins" for a very long time, at least not before bitcoin has reached one million.
Don't be too quick to be fallacious on your conclusion that there won't be an alt season. That's not going to happen.. Every bull run has always culminated in an alts season which normally begins when the former ends. At the moment, Bitcoin is still enjoying its moment of glory as price keeps breaking new highs. That isn't to say, anyway, that a few altcoins haven't been enjoying great price movements alongside Bitcoin.
4675  Economy / Economics / Re: You want to make money with Bitcoin ? Here is a Tip ...Psy... on: March 06, 2021, 08:06:38 AM

Burn your math / investing / finance and  economics books if you want to invest in crypto
That actually got me rolling on the floor, literally. That's true because none of those conventional learning teach stuff outside planned expectations. Crypto is nothing close to that. It's as erratic as they come. The most important thing investing in crypto apart from DYOR is, "the psychology of the mind". Having a mastery of one's emotion is key to surviving in the crypto industry. This is why I laugh at those who invest a few dollars whine because the tokens they just bought are going down in price. The simple logic in crypto is "buy and forget", which in the right parlance is " hodling". It's a bad sign to constantly monitor charts because one is in a hurry to sell off. Don't risk money you can't afford to lose. Again, never treat crypto investment as a get rich quick scheme.
4676  Alternate cryptocurrencies / Altcoin Discussion / Re: DeFi project, the easiest scam gateway on: March 06, 2021, 07:06:28 AM
Basically, there's no perfect code dude but the problem is people lack of knowledge about how to analyze the possibility for the creator of smartcontract to put the rugpull or selfdestruct function on its smartcontract.
Put a self destruct function on its smart contract? Wow! This is a new one and it's getting scary with this. I know of the rugpull stunt and with devs scampering away with funds but the self destruct angle will definitely have to stand out as the most wicked of thoughts.

That's why i was seeing the smartcontract before try to invest in a new project.
Please, I will like to learn how to find this out myself. I will appreciate any tutorial on this from you (or any other person).
4677  Alternate cryptocurrencies / Altcoin Discussion / Re: First time scammed , very frustrated on: March 06, 2021, 05:49:41 AM
Well, welcome to the club. There's always a first time to everything, scamming inclusive. What we should always hope on is for the first time not to be too much to wipe off our life savings. It's the price everyone pays for refusing to listen to their inner man. I had mine in 2017 when I started out in the crypto world as a noob. I saw the signs but chose to ignore them. Of course, even in your case, there were pointers to what gave the site away as fraudulent but you were in a haste to invest without doing your due diligence. I hope you've learnt a thing or two from that incidence. Move on.
4678  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: How to find best Airdrops? on: March 06, 2021, 04:30:51 AM
I really want to know about how i can get legit and good airdrops. There are too many scam projects and its really difficult to find legit project. I missed 1inch airdrop infact i did not find any announcement regarding this and suddenly last night i see a post about it. So i feel bad but cant do any thing.
Airdrops are fast becoming faucets in the post 2017 era — a mere waste of time. I have participated in a lot of airdrops but nothing good came out of them. The teams will always find a way to deny participants the drops. The few airdrops that work are those airdropped to one for holding a particular token or for having an account with an exchange. Otherwise, the promise of airdropping tokens to people is fast becoming an easy scam that is getting unnoticed.
4679  Alternate cryptocurrencies / Altcoin Discussion / Re: Volatile Gwei Gas Fees help! on: March 05, 2021, 10:21:33 PM
People say Bitcoin is volatile, I tell them not to conclude yet until they've had a moment with ETH gas fees. It's really crazy, honestly, to say the least. I have had an ETH transaction hung for several days because of this said fluctuations in gas fees. I remember with sadness when I used to pay 6 Gwei as gas in 2019. Now, a similar transaction of that magnitude would go for over 50 Gwei. With the way things are with ETH gas fees, I think it's still a miracle that Ethereum is still soaring in price. Well, may be sooner than later this effect will set in now that CZ Binance has a smart contract in BSC that can challenge the ERC. Yah, I know a lot of people will argue that BSC is centralized with its attendant consequences while ETH is decentralized. Even at that, is that why the community must go through hardship because it wants to process through ETH?
4680  Alternate cryptocurrencies / Altcoin Discussion / Re: Scam project on Binance Smart Chain on: March 05, 2021, 06:17:25 PM
I have bought a few tokens through the BSC though I haven't cashed out on them. Still waiting to see what ROI they will give. Most of the tokens on the BSC seem to be doing well a lot, at least when one checks the historical data on them. So, I believe that's what is causing the hype and rush. But this scam and deceit thing isn't exclusive to the BSC. Metamask also has its own share.

At the moment, there's a token I am holding on the BSC. There's a lot of skepticism around it, whether it has been abandoned or not by the dev and team. But I ain't letting that worry me at the moment as I keep tap on it. Remember, there's always that caveats — Don't risk money you can't afford to lose. That's the mindset I adopt whenever I make any crypto investment. It's a 50-50 thing.
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