I believe some people will say they buy bitcoin because it is decentralized, and that bitcoin was built with open source codes, that it has no central authority. All these positive feedbacks about bitcoin are true, but not the reason why most of these people buy bitcoin, they are just an added advantage. The main reason most people buy bitcoin is because it is deflationary in design, its price do appropriate (increase), that is why people do fomo if the price of bitcoin is rising already.


I do not think the price matters. There are people that were owning bitcoin already before its price get to $10, and there are people having it when its price was low. At $10000 when some people will think its price is already high, it even still surprised people and rose further. What matters is to hold and forget about it for over a long time.

I noticed one things about this method. The user can be able to make a transaction using the watch-only wallet and use the airgapped device to sign the transaction. The transaction can be any amount of bitcoin of choice owned, and yet the private key remains offline before and after the whole process.

Follow o_e_l_e_o post above.

But, in case the user is done using the paper wallet and wants to transfer the whole funds, can my method above be used if bitaddress.org is run offline? Normally, the private key will still be exposed online on electrum, but the user will send the total bitcoin amount to an address on his hardware wallet, and not using the paper wallet again.

With the latest update on google 2fa, you can make a QR code backup of the sites you want to. All you need to do is to:

• Open the google 2fa
• Click on the three dots at the top right corner
• Click on transfer accounts you want to backup
• Click on export accounts
• Making sure all the site you make authentication for are marked
• Then click on next

You will see a QR code, you can backup the QR code which consist of all the sites you selected and can be used on any new device to retrieve your 2fa authenticator.

What I have noticed about exchanges is that if no kyc was done before by the user before the lost of the account, the account will be lost forever. But, if the person has verified his account before the account loss, then the customer care can request for certain credentials to help prove the user is the right owner of the account, which will be used to recover the account to the rightful owner.

If you have any other questions, feel free to ask. This is a forum to learn and help others by contributing quality posts. Just take time to check different boards, you will see many boards that will interest you, try to learn from there. This forum will be very helpful to know ways to avoid possible mistakes while using bitcoin and altcoins, it gives users useful information to follow on how to avoid possible scam and hacks.

It will be really helpful as you have read the rules, take time to read it to understand the rules very well. Do not plagiarize, do not spam around, even if it is a line you copied from another source, make sure you include the link.

You are welcome.

Never mind me that I deleted my post, nc50lc has answered it already is the reason, to avoid repetition.

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No, mycelium support BIP44, BIP49 and BIP84 derivation paths.

United Kingdom's Financial Conduct Authority (FCA) says Blockchain Recovery Department is a clone (scam/fake) department, that the firm is not registered or authorized by FCA. The fake department is claiming to work for Gain Capital UK Limited, but it is not true. Even, the legit firm is not providing any service related to recovery service.


Gain Capital UK Limited is not providing anything related to crypto recovery service, blockchain recovery department is not working for Gain Capital UK Limited, it is not true but fake, and a way to let people that need to recover bitcoin or any other cryptocurrency to pay certain amount in order to help in recovering the funds back, but definitely fake and a way to scam.

https://www.fca.org.uk/news/warnings/blockchain-recovery-department-clone

Some people do not just know much about what private key his, only when their Bitcoin has been lost will they remember they have been fooled, although that is being a fool truly. Some ways wallet generate seed phrase and private may not include such warning like 'revealing the seed phrase or private key to anyone can be used to steal the whole Bitcoin the seed or private key control from the owner', this kind of information might make the foolish newbies to avoid such scam. But, you are not wrong, anyone that reveal his/her seed phrase are not worthy to have Bitcoin.

You are right, a pruned node can relay blocks and transactions to other nodes, In this regard, a prune node can also still verify blocks and transactions. It is just an exeption, but pruned node is not entirely different from full node, as it is the continuation of a full blockchain (which means prunned node begins from previous full blockchain, and continue as a prunned node) which makes it just act like a full node in blocks and transactions validation.

Why would you sell a piece of land because you want to buy bitcoin? I think this is not a great idea at all because a piece of land is also an appreciative asset. And you should know that you do not want to take it slow is the reason you are thinking like this, while you need to take it slow in order to profit, or losses can ensue.

According to one of the rules of trading, do not count what you lose as losses (rather, as a means of learning in order to avoid past trading mistakes). If you lose, stop trading at the time to recover back good trading strategies. Just only focus on how not to lose, what has been lost is gone and never think about it, neither also not thinking you gained back what you lost but how not to lose anymore.

You need to know the trading rules, trading is so risky, you can lost a lot, leading to selling of properties, trade again and lose. The best is to first try to use the Bitcoin that can convenient you to use and have a good risk management.

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I have to reiterate this, never sell your land, be patient, hustle for money and buy Bitcoin. If you think trading is not making any sense, then believe in Bitcoin and just hold.

Binance coin dey increase big time recently, but me dey think sey selling go good for now, but no mind my opinion, I am not good in trading that much.

Can you tell me more about the discord airdrop? I no too sabi airdrop things

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Ethereum and ERC20 tokens dey use gas, but nothing like that dey for bitcoin payment.

To accelerate Bitcoin transaction, you can make use of free acceleratators but may not work at times, you can try https://www.viabtc.com/tools/txaccelerator, but try to make use of it at early time of an hour because it it can only contain 100 transactions per hour.  You can also make use of it as paid accelerators, https://www.viabtc.com/tools/txaccelerator also provide such service, but not advisable because of expensive fee that will be needed.

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So, to know ways to unstuck transaction go make sense. In case of next time, if you dey make use of noncustododial wallet like electrum, you can enable the replace-by-fee. If you pay low fee, you go get the benefit to still be able to pump the fee higher, which will increase the chance of getting the transaction in a block by a miner. But, if na exchanges you dey use, the fee dey high already, and the transaction will be confirmed earlier.

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Lastly, as to a question you asked earlier before asking this one above, bitcoin transaction can be 1 minute or even 30 minutes, but the normal algorithm used na to make bitcoin transaction take 10 minutes on average if high fee is used. So, if you pay high fee, expect the transaction confirmed around 10 minutes.

You can use the seed phrase for wallet keys and addresses recovery as BlackHatCoiner explained, that is how HD (hierarchical deterministic) wallets work. The seed phrase generate a seed. From the seed, a master private key is generated which will lead to generation of child keys. The child keys are numerous and each has its own bitcoin address. To understand more about this, you can use mastering bitcoin 'wallet', 'keys and addresses' for it.

https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch04.asciidoc
https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch05.asciidoc


Backup file contains information to recover your wallet too, it will even be in a way your wallet name will be recovered along, but if you have password enabled, you will need to input the password during the recovery process. About seed phrase backup, offline backup is also best for safety, once the seed phrase is imported into the wallet on the new device too, it will recover back all the keys and addresses, and synchronized with the blockchain to get back your coins.

Yes, you are right, 12 words seed phrase has 128 entropy. But the longer the entropy with the addition of 32 bits, and also with the addition of 1 more checksum, the longer the words that will be generated

CS = ENT / 32
MS = (ENT + CS) / 11

|  ENT  | CS | ENT+CS |  MS  |
+---------+----+---------------+--------+
|   128   |  4 |      132     |  12  |
|   160   |  5 |      165     |  15  |
|   192   |  6 |      198     |  18  |
|   224   |  7 |      231     |  21  |
|   256   |  8 |      264     |  24  |

ENT= Entropy
CS= Checksum
MS= Mnemonic sentence in words

I dey get your point as I dey read ham, and valid things dey there well well. I believe say kudi may no do it, but the merit things feel work, so far na topics and posts wey worth ham people go merit. This go take time, but e go make good threads dey here wey go let us improve our posting quality for here, posting about Bitcoin and other crypto matter.

Make we post good for here, get merit, telling others to check and join. It may take time, but I believe e go work in a positive feedback manner.

E go make sense if we all still make suggestions, about how we fit get local board.

I dey get the point too, which means sey some people busy, school work for now self na hard for some of our reputed members here. But, there are times time go dey, the good-post-merit-thing may encourage them to post for local board when they no busy, rather than having time but not posting here because sey here no dey active.

Yes. Real for 24 hours. Enjoying April fool fNFTs.

If it is April fool, that means you are my victim too. 

I am sorry for tagging your account. Also flag removed.

shahzadafzal account is not trustworthy again, he created a scam topic to steal private key from people that will fall his victim. He also commenting private key can be verified, can be expired all to steal users coins.

Please give trust feedback as appropriate.
You can also support the flag created against this account

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Please, disregard this. Said to be April fool.

Pool mining nodes as I have explained earlier also do not have the full blockchain. Which means, it is also not a full node.


In this case, like on electrum wallet, you can cancel the transaction if replace-by-fee is enabled, it is double spend because the original transaction which is unconfirmed will be diverted into another address entirely, the address will be the address on your wallet. But, I have heard cases that it is possible to also divert the unconfirmed transaction to another address on another wallet. This is why it is good to make sure bitcoin transaction is confirmed before accepting it as a valid transaction.

Waiting I think be say Brainboss get more power to get Naija attention for here, he go make good sense if merit giveaway dey for people wey dey bring quality topics and posts for this local thread. Although having like two merit source for better, but having one can still go a long way which fit make us progress having more merit source later.

Also, another thing wey I think be sey, many people among us no know the Kind topic wey they wan bring come, we should reiterate how the topic should look like until we all dey acquainted to it for here. Some people no even know sey this thread can contain topic. I remember when I search for something online, it took me to one of the topics I don create here on this local thread before. We should see this local thread as a board, it go help.

Also, I think Naija too dey relax, e go make sense if Brainboss concentrate merit on this local thread for Naija pass meriting there posts on other boards. Like as I see ham before, Brainboss they give merit like 99:1, or even the whole 100% to other threads. I mean for the forum, na 99% merits for Naija, and local thread na 1%. Na another reason people no dey concentrate for here.

For other local board, they get active users because they know say merit dey sure for local board, but not to be abused as only quality posts go worth ham. I think if Brainboss reduce the merit to 70:30 go make sense. Although, na Brainboss go comment about this one o, how it will go, na him go talk am how he go be. Mine na just way I think our local board can be achieved.

Withdrawing to wallet is not necessary, the reason why it is said people should withdraw to wallet is because ethereum support more than ERC20 now, it also support BEP2 and BSC (BEP-20)



The best is for user's to know the difference, but according to Hotbit, ERC-20 which is the first and most common one is supported by Hotbit. Then, OP can just click on ERC20 on Binance and copy the address and use it for the withdrawal on Hotbit. It will work as perfect.

Na true talk be that, but I still dey think we members wey get established account already, also wey dey active here can come up with something. Make we make suggestion as we think ham, me get some suggestions wey dey my mind, but e go make sense if Brainboss dey active for here so he no go miss any information about this suggestions. And people can oppose the suggestions or support, but waiting needed is to make the support or oppose constructive.

I get the point now, thanks. Although, there are some situations the sender can not be able to use CPFP due to not having change address in previous transaction, but this should not be considered that not all situation is a transaction not supporting CPFP because CPFP can still be used by the receiver so far he can spend unconfirmed transaction. You are absolutely correct.