Hi, OP!

It seems you had a hard time expressing your thoughts in another language. Judging solely by your username, do you happen to write, read, and understand Arabic? If so, then you may post your inquiry in the Arabic local. Posters on that specific board will be very happy to guide you.

Here https://bitcointalk.org/index.php?board=241.0. Please be guided accordingly.

I don't think they do, and they care.

On the other hand, and slightly off topic, I don't understand why Bitcoin will have to be subjected to this so stringent a standard. I mean, we are talking of money here and money is expected to be circulating. In the case of Bitcoin, it circulates all around the world since it is a global currency. That's a lot more circulation than hard cash, especially because it is a lot more limited. So if we make it a policy to treat tainted Bitcoin as dirty and less valuable than immaculate ones, we will certainly end up with nothing clean.

I surmise this kind of standard or consciousness is originally coming from or caused by criticisms which labeled Bitcoin as an underground or even criminal's money. Well, money is meant to be dirty. I don't understand why critics are bringing this up when 92% of USD bills are positive of cocaine. And that's cocaine alone. It doesn't even account prostitution, bribery, pedophilia, laundering, meth, robbery, and many others.

You do not use the YoBit and "my other exchanges accounts" argument as an attempt to support your assumptions on Poloniex. Have you been receiving similar free airdrops on Poloniex? If no, there's no point assuming it was an airdrop. If yes, were there official announcements made prior to or while the airdrops were ongoing?


I am not certain whether or not it matters that the attempt by the owner to reclaim what was erroneously sent was made several hours or days later. I don't think it excuses you to make use of someone else's funds simply because the original owner did not immediately inform you of the said mistake.

I am curious, though, from the moment you received the funds, how long did it take before you withdrew it?


Spending another person or entity's funds wrongfully deposited into your account is breaking the law. As such, it is generally a criminal act, although it might not reach to that point if the receiver admitted the wrongful act of spending another's money and shows good faith by returning the exact amount.

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However, at the end of the day, we are both discussing here as armchair lawyers. I am not in any way competent to provide legal advice or anything legal. Everything is purely my opinion.

16- Darker45

Please and thank you!

As far as I understand, the initiative is all about security so I guess it doesn't touch on network congestion as well as fees. It is still geared toward a better network but in terms of security more than anything else.

I haven't found a specific improvement the MIT team would do to the network but, as per the article, it includes "exploring new programming languages" as well as "pre-emptive investigations against possible attacks." Moreover, the "need for active blockchain monitoring" is also highlighted as more pressing than ever.

What are the actual risks of this cognitive dissonance thing?

I'm curious to know because it seems to me that we are simply overthinking here. After all, you can always use your own metaphor if you don't want to use the conventional one or are significantly uncomfortable using it.

Anyway, I guess this is far from a better metaphor. It seems it is actually worse.


I guess we should quit imagining a certain physical place where our funds are kept. I think it is still basically a by-product of a consciousness largely molded by banks, central bodies, main servers which are located at main offices, and so forth. I guess it's better to think of mere numbers. Bitcoin is numbers basically. Numbers are abstractions. They're floating in the air like nothing and yet they're something. You cannot point at anything in the real world which is number 1 or 2 and so on but they're there in all objects.

First and foremost, I am not a lawyer. Neither have I studied criminal law. But I am almost 100% certain that you are criminally liable if you are spending money which is not yours. In your case, you are very much aware that the funds are not yours. You have been sufficiently informed that a certain amount is erroneously deposited to your account and that you should send it back to the sender. Knowing all this, you still decided to ignore all of it and, worse, withdrew the said funds to another wallet. That, my friend, is theft!

Now, whether Poloniex will run after you on the basis of that relatively small amount or not, I can't tell. If you abandon your Poloniex account for the sake of the funds wrongly sent to you, you are still a net positive. But if you are a verified user of Poloniex, I'm afraid they can easily make a move against you, so be wise and weigh the risks.

Well, there's good in every bad, but it seems to me the only good thing about this ban is that it further proves how badly the Nigerian people really need Bitcoin or freedom. This action of the Nigerian government shows how it doesn't want its citizens gain real freedom. It clearly shows how it badly wants to keep the people's shackles tight and intact, for easy control more than anything else.


Which is synonymous to an attempt to control.


Well, bad publicity is still publicity. However, is the headline Nigeria Bans Bitcoin better or particularly worth attractive for discussions than Nigeria Legalizes Bitcoin?


On the contrary, the government's ban only reinforces the traditional views, the uninformed criticisms, the ignorant commentaries, and so forth against Bitcoin. With this government action, it seems the final verdict has been handed down and it unfortunately sides with those who are wrong.

I hope you are just playing fool, although it seems clear you are not.

CO2 does not create plants so it simply doesn't follow that since the world is producing an astounding amount of it there'd be more plants to grow. That's too ignorant of you to say the least.

Furthermore, please be informed that the poor earth's plants and trees can only absorb so much of CO2, around 25% only. The 50% stays in the atmosphere and the other 25% will be absorbed by the world's oceans. In other words, 75% of the world's CO2 will warm the earth. Only 25% is converted into food by plants and trees.


For goodness' sake!

The perfect time is always now. This is for someone who wanted to try having his/her first ever Bitcoin. There's no need to dive into deeper analysis as to which price range gives us the best entry. Your friend is not investing millions, after all. Buying $500 worth of Bitcoin at $47,000 and buying it at $45,000 does not make much difference. And the price right now is cheap, especially compared to the coming months. Just make your friend aware that putting money into Bitcoin doesn't necessarily make him/her rich, especially not overnight.

It is indeed complicated as it is costly, especially from you who are coming from a different continent. So the cost-benefit will have to be weighed especially if the amount you are after is not that significant. However, it does not mean you have to stop chasing after what's yours.

While Coinbase is clear that they do not guarantee the return of assets erroneously sent cross-chain, it is a totally different story for them to actually recover the same and keep it. I think Coinbase doesn't have a fault if they won't help users committing errors, but, again, it's another story if they are trying to earn from such errors.

Continue to reach out to them but avoid words which are, borrowing from Potato Chips, barbaric. That's just an invitation for them to totally ignore you and your valid concern.

It's just a matter of effort. The online world provides you access to all sorts of resources to get to know Bitcoin more. I don't think it is a problem to find ways to know Bitcoin more. If you are really serious in wanting to know Bitcoin, you must have already read its whitepaper. In any case, have you read it already? If not yet, you might want to start from there. Moreover, Bitcoin.org offers abundant information as well.

Also, if you happen to find Youtube a nice place to hangout, you might want to spend an hour or two a day watching aantonop's informative videos.

That's oversimplifying things, which is terribly dangerous. Such comment is an unfortunate sign of some people's extreme lack of awareness. One time, a major dam in my country released water. People nearby were complaining. You are like asking, "why aren't more people happy about this?" They'll have water to drink, take a bath, clean their clothes, wash their cars, and so forth. Well, a number of them were killed moments later. Try to figure out the similarities.

Oh my! Were you aware beforehand that HitBTC does not allow US citizens to use its platform due to regulatory restrictions?

Anyway, you are probably an unverified HitBTC user because of your location. So have you tried using VPN? If you haven't yet, you might want to try it. It might be of help to you. At least you might gain access to its trading platform and trade your Polymath tokens into BTC or ETH or whichever withdrawable token you prefer with much lower fees.

If you happen to do that, withdraw everything and never use HitBTC again. Also, remember to abide by the terms and conditions of exchanges to avoid possible glitches in the future.

Isn't it a bit premature for the CBN governor, Godwin Emefiele, to issue such statements when the central bank is still on the process of doing due diligence?

Or is everything merely temporary pending the final result of their study? After all, the governor is clear that all this is for the time being only. So the ban is just some sort of a prevention mechanism since the central bank is still trying to understand the emerging technology. Once everything has been thoroughly discussed and understood, the ban would either be lifted or continued to be implemented.

I can only hope that part of their objective due diligence process is to invite crypto experts as well as other crypto stakeholders so that they would come up with a comprehensive understanding of cryptocurrency.

It amazes me how people are generally distrustful of one another yet lazy enough to do the most basic of due diligence to the point of just giving trust so easily. That's so ironic in us. A simple search of SafeIG would have prevented you from trusting this offshore broker. SafeIG is a scam. Having said that, don't ever believe that these names that you have are real names or, if they are, they are not the real identities of the scammers you dealt with. Just report this to the authorities if you wish. But don't expect that you will get back your BTC. I'm sorry.

Well, it is possible, yeah. It's just that the opposite is more possible. According to Statista, "the global online access rate was 51.4%."^[1] That's the 2019 data but the findings were only published just last month. Taking off from there, lack of internet access basically means you cannot access Bitcoin also, right? You need the internet to download and install a Bitcoin wallet. You need the internet to purchase Bitcoin. In other words, you basically need the internet to do something about it.

Of course, hearing about Bitcoin could happen even without the internet but it is more likely that without the internet they wouldn't also encounter the internet money.

[1] https://www.statista.com/statistics/209096/share-of-internet-users-in-the-total-world-population-since-2006/

I think the value of this giant decision by the UAE government goes beyond monetary. It does not matter much whether the monetary proceeds from this decision is only worth a few dirhams. I guess the most important point to consider is that Bitcoin is being accepted by the UAE government, which means it is being acknowledged as a legitimate form of payment. Even if the offices implementing the said policy automatically convert the Bitcoin payments into fiat as soon as received, it does not take away the fact that Bitcoin is now being trusted and deemed acceptable by a government. That makes it a very huge of a deal.

Somehow, yeah, but fiat has a different case as it is a legal tender. You cannot not accept fiat, even if you find its concept a total garbage. That's what a legal tender means. Therefore, it is always understandable that Bitcoin is also priced according to fiat. But it doesn't mean its value is solely derived from fiat. In the first place, Bitcoin got value in terms of fiat because it has qualities worth giving value to.

You are probably correct that billionaires whose wealth are partially stored in fiat will try to save fiat from total collapse. However, they also understand things and probably have a very good sense of foresight. They diversify. In the words of Elon Musk, they're no fools and that they look elsewhere to store their value in the face of a fiat giving off negative real interest.^[1] It so happened that Bitcoin is one of those alternatives which caught their radar. So you are wrong when you said that the billionaires won't consider Bitcoin.

And you are probably also wrong with your reasoning that billionaires won't consider Bitcoin because ordinary people will have power... They don't care because they can have as much Bitcoin, and therefore power, as they want. Whatever ordinary mortals consider valuable they can own and hoard a lot.

Finally, as to this "I don't think bitcoin will be the first thing that will come to the minds of the people who needs to survive everyday," we can only look for a case in real life, somewhere where fiat has already started to collapse, and it seems Bitcoin has indeed gained value there.^[2][3]

[1] https://twitter.com/elonmusk/status/1362600676174557186
[2] https://www.nytimes.com/2019/02/23/opinion/sunday/venezuela-bitcoin-inflation-cryptocurrencies.html
[3] https://www.bbc.com/news/business-47553048

I bet this theory is based on no solid facts. Regardless, whether this theory turns out factual or not, what's the fuss? It is no big deal. If F2Pool wants to dump that much Bitcoin through exchanges or even on a single exchange only, it has every right to do so. And I guess the people behind this action are themselves very much aware that the volume as well as the demand could easy absorb their sell order/s.

At this moment, BTC has already climbed up again to $51,000. It will probably take no time at all before BTC creates another ATH once more.