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6881  Bitcoin / Electrum / Re: Windows installation errors when trying to update Electrum wallet. on: April 13, 2021, 12:56:21 PM
Are you running the latest OS version on your computer, very possible you have not updated you computer for a long time, this can possibly cause it. Hope your computer also have enough memory space for the wallet installation space. Try to update your computer OS before installing the electrum new updated version.

You can try to install Windows Installer version for Windows. 
6882  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Have you given up on airdrop? on: April 13, 2021, 12:49:43 PM
Airdrop? it's already 2021 mate, those are worthless or not the same as the hype in 2017, there could be some legit today but it's a gem to find those airdrops. So If I'm in the OP's case, I won't chase any more airdrops. Maybe it's better to really buy crypto today to either hold long term or be a trader to make money out of this bull run that we are seeing right now.
There can still be airdrops or free giveaways that can be profitable, but most are not. Some are even scam, I remember 2019 when I wanted to participate in one through Telegram that do send notifications, it was my first time ever, but I was requested to pay VIP fee in ethereum before the coin will be released. That was when I realized it is a scam. I did not pay anything, else I would have been scammed.

There are many other ways free giveaways can be scam, it can even be a celebrity Twitter hacked account that will be use, that is why even legit sites and accounts can not be trusted. We should protect ourselves from sending our bitcoin to scammers. Some can even be through malware and phishing attempts that will lead to scam through airdrops.
6883  Local / Nigeria (Naija) / Re: Nigeria Local Board {Official language, Pidgin} on: April 13, 2021, 11:52:19 AM
Username                                                       Exchange chosen

Josefjix                                                           Binance

igehhh                                                             Remitano, Binance, Paxful, Locolbitcoins

CryptopreneurBrainboss                              Binance

Lordhermes                                                    Remitano

Becky666                                                        Remitano, Binance

posi                                                                  Binance, Remitano

Smartvirus                                                      Remitano, Binance

Obi theo                                                           Binance

Charles-Tim                                                    Binance

BIN-BIN                                                            Remitano

nelson4lov                                                      Binance
 






To check the poll result:
https://bitcointalk.org/index.php?topic=5121680.msg56718637#msg56718637

Thanks to all that participated


Charles, you 4 add anoda option — Telegram/WhatsApp P2P. Na dat one me dey use. I neva use any of those wans wey you be list there.
Sorry, I will not be able to add Telegram/WhatsApp P2P due to obvious reasons.


Me never really use any one o but, I bin only register for Remitano though, I don hear more about binance say, na them be the ogbonge,
Your input is valid, and thanks for being part of this. Because you have not used any exchange p2p before, that is why I did not include you along. Although, you can try and use one frequently and edit your post about it so I can add it later.
6884  Bitcoin / Electrum / Re: transfer fee rate how much ? on: April 13, 2021, 11:25:24 AM
I don't use Electrum for Android since it doesn't support hardware wallet. So I don't know how's there.
But what you are telling is rather confusing imho. My desktop Electrum (not the latest, but close) has a setting in preferences called "Use Replace-By-Fee"; this is what I was referring to and this should be checked.
Desktop electrum is by far the best elecrum wallet. It has so many features that the mobile version do not have. In addition to what you commented, mobile electrum wallet can not even freeze an address, or free coin which can be useful in case of dust attack. Or other option in which you can select the whole dust coin and send it to one address is not even possible on mobile electrum, the reasons people should go for desktop version.

But something happened to my laptop, and unable to access electrum on computer for now, that is why I stick to mobile which will be for a while before getting new laptop.

On the mobile version, this is what I noticed.

Version 4.0.9
     


Version 4.1.1 was release not quite long, and later not long version 4.1.2 was released. But I noticed the same thing in the settings.

     

So, the replace by fee was just removed, but now default. And if the transaction is not market final, it is automatically a replaceabke (replace-by-fee) transaction.

I just wish to know if the latest electrum desktop version is also like this. Starting from version 4.1.1 and up.
6885  Bitcoin / Electrum / Re: transfer fee rate how much ? on: April 13, 2021, 10:37:05 AM
As NeuroticFish suggested, the first thing to do is to make sure th transaction is flagged as replaceable,  the sole reason is to able to pump the fee if the transaction is stuck. 0.0452 mBTC is not too low for now, that will amounts to 0.0000452 BTC, but it may take a long time before your transaction will be included in a block, but it will eventually be included, but to get your transaction mined in the next block, you will need to increase the fee. You can use mempool.space to check the feerate to get your transaction included in the next block.

i dont understand for btc transfer, how much select for fee rate ?

example for transfer 8.14385 mBTC , can i select  0.0452 mBTC for fee rate ? (this transaction is true and confirming ?)
Feerate can not be in mBTC or BTC. Feerate is in sat/vbyte.

Fee is not the same as fee rate. Fee is in BTC which is feerate(sat/vbyte) multiply by vbyte

Fee= sat/vbyte*vbyte.

Fee will then be in satoshi, mBTC or BTC.

But for ease and wallet estimation, better use feerate (sat/vbyte). And use mempool.space to know the amount that can get your transaction to be included in a block fast.

Also as an advice, since you use Electrum, make sure that RBF is ON, so you can replace the transaction if it takes way too long to get confirmed.
I am not sure about electrum on desktop, but the latest release Android versions (4.1.1, and now 4.1.2) do not have any feature again to enable replace-by-fee as it is now enabled by default. If the sender is about to send the btc, it can flag it final, which means it is not replaceable. But to enable replace-by-fee, the transaction should not be flagged final. I believe this should be how it also now work on desktop versions latest release, but I am not certain about it yet.
6886  Alternate cryptocurrencies / Altcoin Discussion / Re: What the best wallet for Litecoin from your point of view? and why? on: April 13, 2021, 08:13:04 AM
Also these days I am making use of trust wallet for few coins with staking advantage. Also, you may make us of it for your litecoins as it is from binance team (not sure is there any staking reward for litecoins in trust wallet). Other than these, you may go for hardware wallet for better security of cold storage.
Trust wallet is now completely close source, I will not recommend it at all. Using litecoin wallet which is the official wallet will be better. But, I too will prefer litecoin to be used with hardware wallet like Trezor models or Ledger Nano, making use of offline wallet is good because the private key is not online but offline. Also hardware wallets support hundreds of coins and over 1500 ERC20 tokens.
6887  Bitcoin / Electrum / Re: Does this kind of wallet generated by electrum word seeds have any flaw? on: April 13, 2021, 07:51:47 AM
I just want new wallets supporting native segwit while I don't need to update my existing backups in multiple locations.
It once cost me quite a bit effect to make and place those backups.
Still, the best way is to generate a new wallet or update the old one, Electrum now even support segwit by default, and you will need to transfer your funds from the old wallet (legacy) to new wallet which is segwit.

And hope you update the latest version of Electrum from electrum.org, and verify the signature. Hope you are not using the old version that did popup scam update? Do not click on any update pop up. If the signature is verified, then install it. Better to run the latest version.
6888  Other / Politics & Society / Re: Religion in our society on: April 13, 2021, 07:37:54 AM
Do you not know the heart of man is full of greed. The poor beg but not enough, many turned to scammers. Some rich people are full of greed, and do not think of second alternative than to betray their working partner. Although what is wrong is wrong, but the world is not balance. Religion help to an extent, because if not religion, people will be worse than this. The world is pleasurable for people that have enough to enjoy, and many saying 'the spirit is willing, but the flesh is week'.
6889  Local / Nigeria (Naija) / Re: Nigeria Local Board {Official language, Pidgin} on: April 12, 2021, 10:30:16 PM
When it comes to binance p2p trading I be big-time novice. How I wish person go kukuma teach me how to use am wella without stress.
If you dey use binance app, e no hard at all. I dey wonder when my friends here and some of us dey talk sey biannce p2p trading hard, some even dey talk sey binance hard generally. Binance no dey hard like that. For the p2p, all you need to do na to:

  • click on 'wallets' on binance
  • click on p2p at the uppermost part
  • you go see the coins and tokens you can trade using p2p
  • but before the listed coins are, 'transfer' and 'p2p trading'
  • click on 'transfer'
  • you go see 'send' and 'transfer'
  • sending means sey you wan transfer coin to another person using binance, but the transfer na to transfer your funds from spot wallet to p2p wallet
  • click on transfer
  • transfer the coin from spot wallet to p2p wallet
  • go to p2p trading
  • at the uppermost part, you go see p2p, but click on it you go see the two type of p2p (p2p and express)
  • p2p type will list many people with their ads and different buying and selling prices
  • express na for fast selling, you go see the exchange rate, but na zero fee too

So, you can make use of any, but make sure sey you no release bitcoin from escrow if you no see funds on your account balance (no be text message but checking your account balance). Also make sure sey if the seller no release bitcoin in time, report.
6890  Economy / Service Discussion / Re: Bitcoin BTC, mBTC, μBTC, Satoshi & Altcoins Wallet that can be trusted on: April 12, 2021, 08:18:04 PM
Looking for Bitcoin and Altcoins Cryptocurrency wallet that can be trusted and give you your private and public keys and can hold amounts less than cents, Like supporting mBtc (millibitcoin), satoshi, Bits or Microbitcoins (μBTC), and it will be safe to keep the altcoins for longtime,
Just in addition. So far you use a reputed noncustodial wallet, you will not be able to transact less than 547 satoshi as hosseinimr93 commented, although there are possibilities of using a fee of 1 sat/vbyte which is not practicable recently due to mempool that is not less congested as before. So, do not just have it in mind that you will be able to spend 0.000001 BTC, it is not possible for now, maybe it will be possible in the future when bitcoin price has increased more.

Hardware wallet and having wallet on airgapped devices are useful for two things. The first is for high amount of bitcoin, and the second for long term storage. These is as a result of the private key that is offline, and not connected online which makes it safer, unlike online wallets.
6891  Local / Nigeria (Naija) / Re: Nigeria Local Board {Official language, Pidgin} on: April 12, 2021, 05:57:02 PM
Except for ethereum and Bitcoin transaction, other transaction fee are relative low compare with other exchanges and I consider it as the main selling point for binance among others. Have u tried their P2P transaction compare with other local exchanges, fast, secure and low transaction fee. It provide a good exchange rate and can trade as high as 50 million naira in one transaction. Interesting I still some people looking for where to sell their bitcoin within the country with such provision available
For binance p2p (express and normal p2p), the transaction na zero (0) fee. You dey right about the altcoin withdrawal fee wey dey very low on binance, except ethereum. Bitcoin and ethereum fee for most others exchanges high too, binance still better many exchanges self, while many just dey like binance.
6892  Local / Nigeria (Naija) / Re: Nigeria Local Board {Official language, Pidgin} on: April 12, 2021, 05:28:36 PM
Funny enough eh, fir all this una altcoin talk way una dey talk here many times, I never hear una for once mention BitcoinCash. E be like something dey really bad about that coin. Me no be altcoin man shah, I never know how to follow una hustle that side so for now, I dey very okay with Bitcoin and Ethereum though, with the way the matter be for BNB now and to think say, na there exchange @Binance be the standard, na only better fit dey meet them, no be play. But then, watin really sup for this BitcoinCash way be say, e just be as if, e no dey exist as coin at all because, me no just get at all and na so the price high kwanu. Watin sup the coin.
Binance coin na good coin, I like the concept how certain part of the token will be burned after certain period of time, 100 million of the coin is said to be burned and yet little has been burned, less than 4 million but I no dey completely sure about the amount wey don burn already. Na why you see people dey rush dey buy the coin while the price dey increase lately. Never forget sey if you wan hold BNB, noncustododial wallet na the best for privacy.

About Bitcoin cash, you know sey na hardfork of Bitcoin, the man behind the fork who also own bitcoin.com try everything to make sure sey people think bitcoin cash na bitcoin, but see waiting happen in the process, bitcoin no dey replaceable. Bitcoin cash no do well for last bull run, make we see how e go be,
6893  Alternate cryptocurrencies / Altcoin Discussion / Re: Non Fungible Tokens (NFT) on: April 12, 2021, 05:03:04 PM
Let's say that Jack Dorsey, instead of publicly auctioning his first tweet NFT, he makes multiple such tokens - on the same (is it possible?) or different blockchains - and sells them all.
This is a complicated question as altcoin blockchains are complicated from their onset and getting more complicated. When NFT was introduced on ethereum blockchain, ERC721 was used for it. With this, you can only make one NFT for one virtaul asset, but this does not restrict scammers not to be able to make use of another NFT marketplace to make another NFT with the same digital painting as example. ERC1155 is more advanced, it support both fungible and non fungible tokens, and it support multiple tokens creation which makes the whole thing complicated.

https://medium.com/@bhavishramaswamy/erc-721-erc-1155-c9b18eb19a5d


So, I can say it depends. About using two different blockchains, it is very possible, but I have not tried one before.

Or let's say that a famous painter makes a wonderful painting, sells the NFT and then sells the actual painting too.
What is most important is the NFT which makes the painting valuable, there can be 100s of the same original paintings, but the person with the token only has the authentic copy.

Clearly, these are scams. But how can they be prevented? How can I know for sure, as buyer, that I get the correct thing?
Making use of a legit marketplace for it, also researching very well about the NFT you want to buy. NFT scam is truly on the rise, people need to be careful.

I do not have much knowledge and experience about NFT, the scam I read about it makes me create this thread, and that is why I included it along.
6894  Alternate cryptocurrencies / Altcoin Discussion / Non Fungible Tokens (NFTs) on: April 12, 2021, 02:10:17 PM
What are NFTs
Non-fungible means something unique which can not be replaced with similar items. Like bitcoin, ethereum and litecoins are fungible because you can trade bitcoin for bitcoin, ethereum for ethereum, litecoin for litecoin, and have exactly the same thing. But NFT are completely different as they are non fungible, a digital art is an example of a NFT, if you trade a digital art with a another one, you can not have the same thing but completely different things unlike bitcoin and fungible coins and tokens.

The same goes for art pieces like Mona Lisa by Leonardo da Vinci or Starry Nights by Vincent van Gogh. There can be copied versions of every art piece, but the original is only one. Although, they are also non fungible, but such original art piece are not assigned a token, which makes such non fungible tokens.

Accordig to Wikipedia, non-fungible token (NFT) is a unit of data stored on a digital ledger, called a blockchain, that certifies a digital asset to be unique and therefore not interchangeable. NFTs can be used to represent items such as photos, videos, audio and other types of digital files. Access to any copy of the original file, however, is not restricted to the buyer of the NFT. While copies of these digital items are available for anyone to obtain, NFTs are tracked on blockchains to provide the owner with a proof of ownership that is separate from copyright.

NFTs used to represent virtually intangible items
NFTs are used to represent intangible items like:

Artworks
Virtual items within video games such as skins, virtual currency, weapons and avatars
Music
Collectibles (e.g. digital trading cards)
Tokenized real-world assets, from real estate and cars to racehorses and designer sneakers
Virtual land
Video footage of iconic sporting moments

NFTs as tokens
As mentioned above that NFTs are tokens, tokens do not have their own independent blockchain, tokens rely on the blockchain of another coin, such as ethereum blockchain, which is the most popular blockchain used for NFTs. But there are other bkockchains now supporting NTFs.

List of blockchain supporting NFT as of recent
Ethereum
Binance Smart Chain
Flow by Dapper Labs
Tron
EOS
WAX
Polkadot
Cosmos
Tezos

How to create your own NFT
Before knowing how to create NFT, you should know that creating NFT on one blockchain will be difficult or impossible to sell on another blockchain. Each blockchain has its own separate NFT token standard, compatible wallet services and marketplaces. There are platforms you can create your own NFT, but you will need to know certain requirements for creating NFT on certain blockchain. Ethereum is the largest for now, and will be used as an example.



Common marketplace for NFTs
OpenSea
Rarible
Mintable
SuperRare
Nifty Gateway
Foundation
Axie Marketplace
BakerySwap
NFT ShowRoom
VIV3

Requirements
To create NFT on ethereum blockchain, user will have an Ethereum wallet that supports ERC-721 (the Ethereum-based NFT token standard), such as MetaMask, Trust wallet and Coinbase wallet (not Coinbase.com). The user needs to have around $50-$100 worth of ether. Also, user need to sign a message with an address that will be used as login, and that will be required before the completion of NFT creation.


NFT scams
Normally, NFT scam are not yet common, but there are ways scammers can deplay different tactics to scam people using NFT, as people are getting to know more about NFT, this will attract scammers to make use if it. Below are lists of few ways scammers can make use of to scam people, knowing this is very important as a means of protecting oneself against such scam.

Replica Stores/Doppelgänger stores
Stores with fake domain which is not original but very similar or identical to the real domain, some people will think it is original domain which can be mistakenly accessed through search engine ads, clicking on the fake site. The best is to avoid such sites, never click on search engine ads, and only accessing the original site.

Fake stores
Replica domain is fake, but there are some domain that is not identical to any other domain but yet belong to scammers and fake as it is. Some people do not just care but like search engine to look for site URL, clicking on a fake NFT site will also result to scam.

Counterfeit NFTs or Artist Impersonation
If you were following NFTs in the recent weeks, you would be aware of the Banksy-styled artworks sold on the NFT markets for $1 million in crypto. Although I do not want to get into whether that was a copyright/ trademark issue, this sets a precursor for what is to come.  Counterfeit and real-world ‘inspired’ artwork/content will become a  problem shortly. Users need to be careful about what they are buying or bidding. It is difficult to verify the seller on such online marketplaces.

Giveaways/ Airdrops
It is not new that there are numerous fake giveaways, this happen in a way people are tricked to pay certain amount to receive double, this is very possible to make use of NFT for this. For example, if a NFT is worth $1000, scammers can tell someone to pay $500 to realease the token, but not knowing it is a scam. If the money is paid, the scammers has nothing to release.

Fake apps
There are many fake apps people have downloaded before causing them to lose money, the apps also make use of sites that are not legit but fake. As NFTs are becoming more common in the real world, these type of app can be available on playstore for download. People that download such app can be tricked in a way NFT token will be stolen. That is why it is good to make use of legit sites that we already know.

How to securely store NFT
For bitcoin, not your key not your coin. This is because bitcoin is stored on blockchain and can only be accessed through digital signature produced by a private key, that is why private key is very important. Anyone that have access to the private key can unlock bitcoin from the blockchain using digital fingerprint (address), public key and the digital signature generated by the private key. That is why bitcoin users needed to protect their private key. This does not only applies to bitcoin, but to all cryptocurrencies making use of blockchain technology. Also, NFTs are using blockchain to store tokens, the tokens are stored on blockchain, although not having blockchain of their own, the reason they are called tokens. They are stored on the blockchain of a coin like Ethereum, Tron and Binance smart chain.

That is why we need to store NFTs using noncustodial wallets, so we will be able to have full control over our tokens, most noncustodial wallets are online/hot wallets, but we can go for offline wallets which are more secure. But, even if it is offline wallet we use like hardware wallet, we should still be very conscious about safety and security of our NFTs.

Some platforms can render centralized means of storing NFT, this will deprive privacy, also making owners not to have full control over their coins, noncustodial wallets should be used. To know how to protect NFTs, you should know how to protect yourself from online and offline scammers, check the articles below for further reading about how to protect oneself against hackers and scammers.

Good topics on security and privacy

Helpful links:
https://www.ledger.com/blog/create-your-own-nft
https://en.m.wikipedia.org/wiki/Non-fungible_token
https://www.coindesk.com/how-to-create-buy-sell-nfts?amp=1
https://www.cnbc.com/amp/2021/03/23/how-to-create-buy-sell-nfts.html
https://m.youtube.com/watch?reload=9&v=RISknGgDTW0
https://securityboulevard.com/2021/03/5-nft-scams-you-need-to-know-nft-scams-part-1/amp/
https://www.bankinfosecurity.com/blogs/non-fungible-tokens-course-theyre-attracting-scammers-p-3011
6895  Local / Nigeria (Naija) / Re: Nigeria Local Board {Official language, Pidgin} on: April 11, 2021, 06:42:31 PM
$ROPE wey we get  for discord airdrop just dey pump very hard today, this life no really balance. My people how the matter dey be how the movement be wetin be discussion of the week? How we go take achieve wetin dey hungry us for here?
Yes, na so. Life no balance. About waiting dey happen for this week, I think make we continue dey post here actively make sense enough. According to your last post about binance coin, the coin dey one of the coins wey increase for price well well recently. Waiting I see about binance coin be sey, na ethereum rival. Even, Binance smart chain dey also compete with ERC20 now.

Binance na iron hand for the crypto matter, for the 9ja sef e nor get who dey follow am drag. But their fees dey tear shirt normally nai make me dey taya for them. Make them try review their high fees o. You don try BrainbossExchange? Na blast for the p2p life normally, no long story
Binance withdrawal fee for altcoin no much, na one of the best for altcoins. The withdrawal fee for bitcoin much though, but people wey dey sell bitcoin, no be problem on their side. And he get ways people that wan withdraw dey use altcoins manipulate.
6896  Other / Beginners & Help / Re: Bitcoiners Show Me Your Scars!! on: April 11, 2021, 12:44:30 PM
Some are unfortunate to have invested in fake ICOs.
Bitcoiners are those that make use of bitcoin, not altcoins or any ICO (initial coin offering). Your post should completely focus on bitcoin, and bitcoin alone.

Only people I know that were hurt are:

  • people that did not believe in bitcoin and sell during bear market
  • people that sent bitcoin to hardforked coin addresses which its private key is owned by exchanges or other custodial services and not able to recover back their bitcoin.
  • People that were scammed
  • other reasons that deals with custodial services

If someone can be scammed (the victim send bitcoin), that means the victim can also send fiat. A lot of bitcoin lost to exchanges, and supposing you use noncustodial wallet, it will be easily recovered. If someone trade bitcoin and lost funds, that means the person can lose while trading fiat too (bitcoin price do fluctuates but appreciate over long term, an advantage over fiat).

The losses if checked properly, no blame to bitcoin, while the people you regarded as wounded are just seeing it in the wrong way. People to be called bitcoiners should learn about bitcoin before using it, and to be careful of hackers and scammers. And, they should also remember that 'not your key, not your coin'.
6897  Other / Beginners & Help / Re: Sweeping Wallet with Private key with potential Fork-Coins? on: April 11, 2021, 09:36:40 AM
Coinomi wallet is close source wallet, and I can not encourage anyone to use it. But, it will be the best for ease as it support all the forked coins mentioned. All you need is to sweep the private key into Coinomi wallet. You will see all the forked coins along. Then you can transfer the bitcoin and the forked coins to an offline wallet which is the best for security and safety, or any reputed wallet you want.
6898  Alternate cryptocurrencies / Altcoin Discussion / Re: What is a token? on: April 10, 2021, 05:52:42 PM
Coins have their own blockchain, just like Bitcoin, Ethereum, Litecoin, Tron and the likes. Tokens do not have their own blockchain, they use the blockchain of coins such as bitcoin, ethereum, Tron and the likes.

Like USDt that is build on bitcoin blockchain called Omini layer, that have similar address with bitcoin 1-prefix addresses. Or, USDt and USDC that use ethereum blockchain, that is why their addresses are similar with ether addresses. Or USDt that that uses Tron blockchain that its addresses are similar with Tron addresses.
6899  Other / Beginners & Help / Re: How does companies get money on: April 10, 2021, 02:56:23 PM
There are millions of users on this forum, some people also visit this forum anonymous which can be through search engine. Some will click on the signature link. Some companies do also get recognition through the signature campaign link and avatar. A site people do visit will be a focus for companies to advertise their products and services.

Ok thanks sir for correction, really I don't know the particular board that I will ask this question,I acknowledge your guidelines, but I don't know how to move this stuff can you move it.
Scroll down the thread, at the lowermost left side, you will see 'move topic' beside 'lock topic', click on 'move topic' to move it to the appropriate board.
6900  Other / Beginners & Help / Re: For OTC Traders: Beware of "Flash bitcoin" or Fake Bitcoin Transaction on: April 10, 2021, 02:49:23 PM
You are not getting me right. I am not implying blockchain.com explorer is not representing the feerate using weight of the transaction, but it is not using vbyte to represent the weight. To send from segwit supported wallet, the wallet fee estimation will be in sat/vbyte. Also checking mempool online, the transaction is in sat/vbyte. It not indicated on blockchain explorer, people can think it is sat/byte also, but they are different. But both (sat/vbyte and sat/byte) are clearly used on blockchair.com in which the difference can be seen as the feerate will be different.
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