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641  Local / Nigeria (Naija) / Re: If we had higher magnitude of Crypto adoptors and Literates in our society. on: May 13, 2024, 10:52:45 AM
Obviously it is in the nature of most Humans to take advantage of others who do not have any idea of what is going on in a particular field. That is why there is a saying that what you do not know is bigger than you. Of course the government are aware that to most people in the society Bitcoin is like a mystery to them and these are the people that they are using as a tool to fight others who are into the cryptocurrency world.

They feed them with the idea that people who are into cryptocurrency are fraudsters and that they should avoid anything that has to do with Bitcoin. They also spread the rumour that we are the people causing the increase of Dollars to Naira and that is why there is a high rate of inflation in the country.

Not far from the saying that "If you want to hide something from an African, put it in words of a book". So it's like the government discovered it that the citizens are growing wiser in education and productiveness to had been so much reliable with the cryptocurrencies and how fortunately good the citizens are fairing with the system.
Apparently with the indefinite exercises of the governments over crypto transactions in the country, it's assumed that the government is not being suitable to see the citizens to financially excel.

First was bitcoin and the rest cryptocurrencies being scam technology as falseful speculations and lately banned of federal financial facilities not facilitation on related Crypto transactions, they're actually seeing the progress of crypto currencies coming to establish and booster the economy specifically based on the adoptors and of recent they're engaging on stopping citizens involving in the cryptocurrencies from executing crypto exchange transactions with the propaganda that it's responsible for the devaluing of the naira.
That's to say those who're not into the Crypto lines due to lack of the digital knowledges would find it reasonable to agree with the federal government that truly the cryptocurrencies is responsible for the naira falls.
And once the government succeds in poisoning the minds of the Crypto illiterates, those who're Into the crypto would be seen as fraudsters in the society due to how the government has convinced them all.
But meanwhile those who're knowledgeable even without adopting to Invest in the Crypto would sure know that the federal government are only being critic and unnecessary faultfinders just to distabilize the progressive insurance between cryptocurrencies and the masses.
642  Local / Nigeria (Naija) / Re: Is cryptocurrency legal or illegal in Nigeria. on: May 13, 2024, 09:40:29 AM
The government and the CBN are acting too unprofessional and frustrating over this long run about this crypto sphere and its processions of exchange transactions.
So of all being crawling around the country in both economy, education and security aspects, cryptocurrencies has now become the centralism taking responses to all that being mattered about the countries setbacks ? So ridiculous to see how supposed to be individuals as leaders that're meant to be diplomatic and focus on how to drag developments into the country and engaging on facilities that'd fertilize the economy are now the once deliberately causing chaos to the national growths.

Let's just live my faith because if the government wants to place cryptocurrencies an illegal, they can actually do it because they got ball up to the courts.
While the government are frustrating its citizens from the crypto, I feel to express that those actions taken are just strategies to pressures traders and investors who're involving into cryptocurrencies to lias on paying taxes. We should've to understand the trickish institutions we've as governments who're always extorting from the citizens for no just course.
643  Alternate cryptocurrencies / Altcoin Discussion / Re: MINING BITCOIN CASH (BCH) on: May 13, 2024, 08:29:44 AM
How to mine Bitcoin Cash(BCH)? Sorry fellas, I'm absolutely amateur in blockchain.

While you stood to say you're still an amateur, I want to use that medium to let you know that mining is an expensive program and so also it's complex that requires exhobitant apparatus which many miners has regretted ever being in the mining pool.
Be let known that the profitabilities are usually not assured so that you don't just think you're bumping into an overnight or assured million dollars pool.
You can best go on research to satisfy your instincts.
644  Alternate cryptocurrencies / Altcoin Discussion / Re: Who's responsible for the dead coins? on: May 13, 2024, 08:09:18 AM
marketing staff?
I don’t think the blame should be placed completely on them. Yes marketing does help and if the marketing team managed to do all kinds of promotion out there surely they will be able to garner lots of interested people.

But a marketing team could only do so much with a coin. If the developers really developed the most useless coin ever in the world. What else can a marketing team do? They will just be called scammers and other names.
 
Otherwise you're right because marketing team duties are based on speculations for promotions in specific attract Investors.
So if investors comes in to invest in the project and it happens that the coin doesn't have the potentials that attracted the Investors of course the very investors would dump the project.
At most considerate, some project developers has fails to maximize their project potentials in strategies to pin down investors, these developers are most time being too greedy to release funds for project services and once they've spent more than they budgeted, they began to think otherwise on how they can manipulate and recover their expenses through which the system would be crashed.
645  Alternate cryptocurrencies / Altcoin Discussion / Re: From this list Which one will you Invest in for Max profit? on: May 13, 2024, 07:22:52 AM


I already got airdropped Shiba INU through a trading competition so my quote of meme coin is over. For defi, I think JTO is a good investment option due to the hype created by meme coins on Solana. I am not into gaming or RWA that is the reason I cannot comment. I have not been active in the altcoin zone for a long time now and that is why I am asking the community. What do you guys think and what is the reason for your investment?

I feel it's unfortunate if investors would just bump into investing in any of those crypto coins just based on the attractiveness by the projects hyping and get lost of making researches about the coin.
I can probably say that my choice of coins to expand my investment portfolio is not listed among the mentioned coins. But that be the case, I'm not discriminating that the are non good profiting coins worth investing on but whoever that have to invest on any coin especially the MemeCoins should undergo the coins research so that you don't throw your money off the pool of no profits and no recovery time of fund.😏
646  Local / Nigeria (Naija) / Re: If we had higher magnitude of Crypto adoptors and Literates in our society. on: May 12, 2024, 11:13:56 AM
Quote from: Richbased link=topic=5496087.msg64062172#msg64062172 date=1715424849
OP I don't quite understand the illiteracy you are talking about because we have so many individuals in the country that are lettered so saying that the government is taking advantage of the illiteracy of the people in the society is a kind of making it look like the people don't have learned people who can stand to oppose the government decisions

Quote from: Richbased link=topic=5496087.msg64062172#msg64062172 date=1715424849
Regarding to your question if there is a way to counter government decisions on cryptocurrencies the answer is NO government supersedes all even if you are the most educated person in the world doesn't give you the power to oppose the government, the only time the government can be conquered is when the adoption have been accepted globally only then will the government succumb because they will literally trade with other countries and if Bitcoin becomes the adopted digital currency for international monetary trades then they will be left with no option than to also adopt it within the country.


No offense, read me again as I quote on my expression in the thread:

Bitcoin has really been a conducive source by which we can process our financial transactions via P2P without the exchange to fiats just to process with the local transaction. And boycotting the barriers by which the government stood as blockage against the citizens and the Crypto exchange by ingnoring using the centralized exchange but making our payments directly on the p2p on non custodial network would had been a good alternative for us but the problem lyes on the quantity of citizens being literates with the digital financial system because as much as I know, there are much more number crypto illiterates in the society which would be a majority aspect for us.

So while without getting this twisted, if you check on crypto adoption records today, you'd be found that Nigeria as a nation has contributed to a wider scalability of bitcoin adoption in the World but coming to our country on the scale of bitcoin and crypto users, you'd figure it out that there are more crypto unknowledged persons than the number of knowledgeable Crypto persons in the society.
While we or those who're acknowledged about bitcoin and the cryptocurrencies such as utilizing the digital financial technologies potentials on the p2p transaction system and also holding for assets, it has been a reliable financial system for those that're notable about the digital system but since the government has stood to inconvenience the system for those who're into it, it has become a thing of huge changes for the Crypto adoptors to cope with the system.
So if most number of Nigerians were literates such as if we've had more number crypto adoptors to say almost the masses are utilizing the crypto markets, it'd had been easier for us transacting with the digital financial technology using the p2p on a non custodial network instead of the centralized exchange where the government has power of decisions on.

So @Richbased, I hope you get my  point of view now? Literally and in the reality world of now, there are more crypto illiterates in our society who're not familiar in transacting with the cryptocurrencies than the number of Literates utilizing the financial technology.
647  Other / Off-topic / Re: Making Money in the United States on: May 12, 2024, 10:20:02 AM
I am Personally of the Cryptological Philosophy, or School of Thought, that if a Person is going to Create a Cryptocurrency, or an Organization, Company, Religious Group, Band (Bands that do Concerts and Shows around Different Places have like "Street Teams" that are Basically like Young People that hang out in Garages doing Things and putting Posters up on their Walls and around Town), Church, Family Even, these could just be IOUs between Friends where a Group of Friends Mine a Coin that their Friend made (Preferably it would be someone that had Money, or a Group of People that had Money) and when one Person Holds one there is an Agreement to Pay however much at a Later Date, or there is someone that Buys them Back Regularly or You have to Buy so many Back off the Market to Pay the Person back, and there would become an Economy. But the Philosophy I am Espousing or Telling Everyone we have to be Part of, is that if an Altcoin is going to Work, the Community should have Money.

There is no Reason that if I make a Currency, I shouldn't be doing EVERYTHING IN MY POWER TO INCREASE YOUR INCOME FLOW, so that You even will maybe be able to Consider Buying some of my Currency. If I am Telling You to Buy my Currency, I should be able to give You a way to get $10 (or a Job) to come Buy some.

After reading your thread, it has much recalled me to a related thread I made lately last week with talks about who's responsible for an AltCoin be stay alive and providing those positive potentials which was speculated and hyped out of it all that attracted investors to invest on the coin and also, who's responsible for then the coin could just die off given investors disappoinments providing that what was speculated and hyped about the coin isn't what the coin was about at the middle of the journey.
Who's responsible for the dead coins

Then it'd be assumed that the coin was a scamming scheme if the developers left it all for the investors to do all that mechanical, security, speculations and such as the liquidations of the projects by themselves just because the whole system is being too exhobitant for the developers to bear.
Before a developer should engage on developing a coin, he should be aware and keep all necessary requirements such as funds to equip the system available because you'd have to spend a lot of you must achieve a lot too.
I think this is why investors fears new projects to invest on them because they don't know the mind and capacities of the developers.
648  Other / Beginners & Help / Re: What are the importance of this non_ custodial wallet? on: May 11, 2024, 07:10:27 PM
Okay, I understood from the aim of the Op is to understand what non custodial wallet is and literally he/she does not have an ideal about the centralized wallets such as the exchange wallets.
I have think I've figured rightfully where he's headed up to.

So Op, non custodial wallets are those Crypto wallets that the crypto holders are responsible in a private modelitty of being in charge of their assets by coded generations of seed phrases for security gadgets to personal stay in control to their assets which is in the non custodial wallet.
The non custodial wallets doesn't demand the processes of KYCs which could keep an investor or a crypto trader on track with their asset transactions.
While the centralized exchange wallets are wallets that deemed not to given a 100% access to your assets private security keys because you can be under watch and trackable with the demands of KYCs to enable p2p transaction in exchange of trading with the centralized currencies such as the fiats.

So people chooses to store their assets in the non custodial because they needed to be sure that they security of their assets is under their control with the seed phrase which the centralized wallets are exemptional to the security and private features.
649  Local / Nigeria (Naija) / If we had higher magnitude of Crypto adoptors and Literates in our society. on: May 11, 2024, 09:51:05 AM
Bitcoin has really been a conducive source by which we can process our financial transactions via P2P without the exchange to fiats just to process with the local transaction. And boycotting the barriers by which the government stood as blockage against the citizens and the Crypto exchange by ingnoring using the centralized exchange but making our payments directly on the p2p on non custodial network would had been a good alternative for us but the problem lyes on the quantity of citizens being literates with the digital financial system because as much as I know, there are much more number crypto illiterates in the society which would be a majority aspect for us.

I think this is the weak point where the government caught us captive, they understood that there are over emphasized illiterates in our society and the government are been adamant to structure an educative and civilized society atleast that it could impact to enhance human human resources and infrastructures.
This has in time made me felt like the governments are benefiting from the illiterate being of the people knowing that they do not know the DOs and the DON'Ts and how they can be audible to be defendant.
So if major of the masses in our society has adopted bitcoin or even having a reliable knowledge about it, I don't think if the government would had gone so far opposing the peoples wills over cryptocurrencies.

It's definitely uneasy but how can we as citizens educates ourselves virally because while hoping on the government for our wellbeings, things would keep going astray.
Is there a measure to conquer this government with our decisions over cryptocurrencies? Let's share some thoughts though it could be tough or even impossible. But no offence in trial and bringing of ideals.
650  Alternate cryptocurrencies / Altcoin Discussion / Re: Who's responsible for the dead coins? on: May 11, 2024, 03:33:12 AM
I think, developers are the responsible for the failure or dead of the project, because if the developers do everything possible within their ability to improve the project, it will make the project to attract more investors that will continue making the project popular in the market to last long. Investors always look for where they can be favour in a particular projects, and if the project is not functioning well in the eyes of the investors, they have the right to switch to another project that is doing well but if the developers of that project can develop the project for investors to see with their physical eyes, it will be difficult for the project to die quick. That is why many coins are still bringing favour to their investors, because their developers are at work to ensure the coins causes their investors massive income to earn in the future.

So the developers could actually have a plan B budgeted that if the current launched coin fades they would swap to other pending projects to cover their lost or I should say providing another scheme to drain investors funds or what?
Clearly and believably, developers are to be accountable because the coins potentials and technical programs were developed and installed by the developers including the maintenance and improvement factors are disclosed to the developers while investors are only individuals who steps up to invest their funds and just let it generate income for them and if the Coin is doing well they can accumulate on DCA but if it doesn't lucky ones would always cashout before those dramas of system crash as the developers inabilities to build a solid blockchain with potential coins.
651  Alternate cryptocurrencies / Altcoin Discussion / Re: Futurum Gaming token will arrive soon on: May 11, 2024, 03:15:26 AM
While Rewards would be earned on playing the game, that's an interesting one but hope the interesting features also includes graphics and animations because that's my most considerates while glancing around available games if I'd have to be convinced to adopt it amidst others.
I love giving new games trial and hope I don't feel regreted if I'd have to get on this so much spiced game. Lol
652  Local / Nigeria (Naija) / Re: Bitcoin taxation on: May 10, 2024, 11:49:05 PM
In all this countries Bitcoin is not a legal tender,


My question is why Bitcoin taxation in countries in which it is not a legal tender?.

Wrong, bitcoin is not generally banned to illegality in all the countries,  let's also understand that between banned and illegality which is to say banned can be restrictions that the government financial sectors wouldn't be able to associate in facilitating on bitcoin transactions but every private or corporative associations are eligible basically depends on the choices of the individuals.
So as you can see it happened in our country Nigeria which the government proposed and banned crypto transactions at the government levels but yet we as individuals are still operating transactions with bitcoin on p2p transactions which we can also exchange for fiat of our naira.
So if it was pronounced an illegal everyone caught on the act of associating with the bitcoins would be charged for law violation and would be penalized for it depending on the law of perpetrators.
That wouldn't really matter If you manipulated to exchange for the or anonymously p2p. The law would specially state that whoever that's caught associating with the bitcoin While in the country has violated the law.

So Op, you just have to get it right that there are countries that the governments doesn't support unlimited ness of bitcoin but yet it doesn't mean that it's an illegal operation.
These basically means that it's not a legal tender because the banks won't accept it for deposit, withdrawal, buying and selling.
It all lyes between a person to persons transaction then optionally you can digitally exchange for fiat through an exchange platform

While I would leave to with an amazement, it's fortunate to let you know that El Salvador is a country that generously accepts bitcoin as a legal tender which has served a world record to such great height of national adoptions of the bitcoin digital technology.
https://insights.som.yale.edu/insights/el-salvador-adopted-bitcoin-as-an-official-currency-salvadorans-mostly-shrugged#:~:text=El%20Salvador%20took%20a%20different,Bitcoin%20as%20a%20legal%20tender

After much, it's believed that only countries that it's federal accepts transactions unlimitedly are deemed to require taxes because they pays their taxes through bitcoin too so sensibly no country that would pronounce bitcoin an illegal currency would demand for taxes for taxes of illegal operations and illegal inventories.
So I hope that you Op isn't misunderstanding Taxes and Charges for penalties.
.
653  Local / Nigeria (Naija) / Re: My brothers and sisters, why are we buying Dogs and Cats alternative crypto. on: May 10, 2024, 02:17:41 PM
The huge amount of supplies may not really be the problem but the potentials to the coin and the rate of demands including reliability that the coin doesn't become a ghost just as has emphasized.
Probably you can different between bitcoin and  those of your dogs and cats coins to your inlaw because he may have been wrongly influenced by the speculations and hyping of those shitcoins while his intentions could be of settling in the bitcoin.

Let me tell us all, most beginners who feel victim to had invested and lost their funds on investing in the AltCoins are sometimes redirected from their intended directions.
Some may have wanted to invest on bitcoin but due to their inexperiences and low knowledges, they gets converted to invest on the AltCoins just because there was no guidance and they lacks reliable source of research and consultations as the case maybe.
654  Other / Politics & Society / Re: Trump & Cryptocurrency on: May 10, 2024, 01:59:04 PM
Trump just made it very clear that he is the pro cryptocurrency candidate in this upcoming Presidential race. Not only has he stated that if you are into crypto you should vote for him while mocking Joe Biden as not knowing what it is, but he also stated that he is officially accepting cryptocurrency donations for his campaign.

He's just a studious and psychological empathetic politician who knows the logics of ridiculing his oppositions to emerge his political goal successfully. He's a wise man dancing to the tunes of the masses by so doing 😃.
Indeed and interestingly, he's penetrating the mind of the people. We should've already known the phenomenon of bitcoin around the globe and the rate of bitcoin interests and adoptions in the United States has become influential to infinity.
655  Other / Beginners & Help / Re: A bigginner on: May 10, 2024, 01:28:05 PM
What will one need to know before investing in Bitcoin? Because as a bigginner you need to know the strategies before you start investing.

Why did you, OP, decide that “ bigginner you need to know the strategies ” and so on...?
You are a newbie who registered yesterday, but you are already drawing conclusions and opening a new topic. I'm sure you're someone's alternative account, but in that case, why ask questions that have tons of answers on the forum?
Be more creative when creating topics that encourage repetition of the same responses from users. Sad

I only see a couple of people writing the word "bigginner"
https://ninjastic.space/search?content=bigginner

I grab your points. Directly and indirectly the Op seems to be test-running the ability of the forum memebers towards what they think to be acknowledged as a beginner being investing. That's likely to say that the OP either already knows the answer but not creative enough to put it in an arguable manner.
 But While having the Op the benefit of doubts, I'd assume he/she is a newbie in the forum but doesn't know about the concept of how to the forum works and doesn't know how to construct words with the submissions that proves he/she is unknowledge but willing to acquire bitcoin or related Crypto knowledges before Investing its fund.
656  Local / Nigeria (Naija) / Re: Better Bitcoin experience with BTM. on: May 10, 2024, 12:49:17 PM
That's a dream not seeing to come through yet and can't even be a hopeful because we don't have the security infrastructures to assure the Bitcoin Automated Teller Machine.
Let's just keep aside how our government has not been encouraging to bitcoin the the other Crypto coins to excel not just to distabilize the success of the crypto exchange platforms as much as frustrating the masses with the digital invent. So let's consider the factor that our fiats ATMs are being invaded, banks being facing robberies and how citizens are being attacked along familiar and strange places forcing us to pay ransome by asking us to transfer our funds in the bank to them.

Let's assume the visual impact of seeing someone leaving the bank of the fiats ATMS, I guess we'd all believe it was all for the reasons of financial transactions, huh? That's just how risky the Bitcoin ATM will put us to dangers as far as there's no adequate security measures in our here societies.
Even the fiats robbery attacks could be likely to be tolerated than being robbed of your bitcoin which comprises of your savings and same time as your assets while your money in the bank could only be your savings that doesn't serve as assets.
So that means more lost would be counted in bitcoin that the fiats at such scenario.
So, Op, the level of how much we're rated over bitcoin and Crypto adoptions isn't up to that level yet if we don't contradict the fact that our government is not helping matters relatively with the crypto industries.
657  Economy / Economics / Re: Open your eyes stop talking about usa lose power on: May 10, 2024, 12:27:09 PM
USA is the current long holding superpower and they're significantly thriving to penetrate the globe with the economy structures to hold all corners captive through innovations and technologies including building stronger geopolitical and security facilities surging to their major exploits of Influencing the World today.
I'm not against the dollar but the USA should be diligent and optimistic that other geographical regions are tasty and striving earnestly to takeover the USA position.
Bitcoin isn't a centralized technology and I also hope you don't need to tell me that Satoshi Nakamoto who's tge founder of bitcoin is not an American after much you've listed all those American individuals with the perspectives of influencing the world economy today.
658  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a core subject in our schools - Good or bad idea? on: May 10, 2024, 11:53:07 AM
Do not discriminate or underrate the potentials of what's being thought in the schools. It doesn't matter if the knowledge of the days at schools is being recycled.
Op, you must understand that there's a great height of importance about recalling histories that people of the next generations are deemed to be aware about. Yes no all past events are worth trashing just because there's a trending even.
The above of financial policies of management, economy and investments aren't limited of being thought in the schools and it's not affordable to about them for other trending reasons.

Bitcoin as a core field of studies in the school is a good idea but right in the currently World of today where the government who oversees the academies in both private and government institutions wouldn't let that come through when they already find bitcoin as a core Crypto currency of being a threat to their self interest in the global economy attributes due the fact that it's a non custodian financial system.
I don't see that accreditation happening soon with the current generational governments. Maybe that'd happen if the next generations would have that positive impacts to respect personal opinions and embracing Privacies unlike the current generation does.
659  Local / Nigeria (Naija) / Re: AltCoins hypes re similar to politicians promises during campaigns on: May 10, 2024, 10:53:27 AM
AltCoins are like the media being hijacked by the by the government.
They acts like the politicians with their unfulfill able promises during campaigns. They just go about spreading what the people needed to hear because they knows the truth would always be bittered and discouraging.
Omo Op your comparison weak me but no be lie e con be like say altcoin promises con pass politicians promises.Altcoins na crypto wey de hype dey motivate investors wey no know where their stand.As i join dis forum I dey hear altcoins mata so I see no reason investing on altcoins wey Bitcoin dey.The truth of de mata be say altcoins go always make their promises look so real to be called scam.Ponzi scheme dey real,normally some people wan learn from experience which na the best teacher,dem say if something neva do you,you no go know,as our senior rank members dey yan altcoins mata anybody wey wan invest on altcoins fit learn from experience.

Mate, make e no weak you. Just as said, the truth is usually bitter to those who hates the truth. During a political manifesto, the best question for the public to ask any aspiring politician is " What's unique you think you can do for the masses that other past politicians had not done"?. So there you'll hear promises that I'll convey you all with my private jet to heaven on the day of rapture, your unborn children will be my next of kin, I'll share my hard earn salaries among all of you.
Obviously those are impossible and not just a lie.
That's how the AltCoins behaves too like the Ponzi schemes with their sugarcoated words to invest $5 and get $1,000 in the next 5 hours, we're registered and operating under government license so you don't have to be afraid.

It's just all about hyping and making unreliable promises just to win the peoples mind for self interest portraying to be events to rescue the people from poverty.
Infact, the government own the AltCoins and no wonder they're fighting against bitcoin in disguise that they're fighting against cryptocurrencies.
660  Alternate cryptocurrencies / Altcoin Discussion / Re: Render - overrated coin? on: May 10, 2024, 08:19:48 AM
Do you think it’s overrated (currently at above 10 USD)? Or is it still worth DCAing?

I've been on research with the Render Coin and couldn't get convince able result to assume it's worth investing on. It seems to be a native token that has not been widely recognized. Not even on the exchange sites could it be listed.
Op, only promising coins with potentials to meet your goals is worth investing with the DCAs and personally by myself, I don't find the coin worth it. Make your research and shoot according to your conscience.
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