I no know the latest about N-power, na when you post now I go check about it. I wan make the information about the latest one which na the Batch C clear. I check ham for BBC.



Di Minister of Humanitarian Affairs, madam Sadiya Farouq give dis informate during di process of recruiting and posting of di 500,000 Npower Batch C beneficiaries.

Di N-power scheme dey created for unemployed graduates and non-graduates wey dey di ages of 18 and 35. Di programme na for only two year, during dis time, goment go attach di beneficiaries to any goment job for di state dem dey stay and dem dey pay dem 30,000 thousand naira every month.

N-power get six categories; N-Teach, N-Health, N-Agro, N-Build, N-Creative and N-Tech. N-Teach and N-Health na only for graduates wey don complete di compulsory one year NYSC programme while N-Agro, N-Build, N-Creative and N-Tech dey available to graduates and non-graduates. E get 3 batches, A, B, and C.

Di programme start for 2016. Goment for 2019 say dem don spend about N279bn and about 800,000 young Nigerians don benefit from di scheme.

For 2016, 200,000 beneficiaries na im dey di Batch A and dem spend 43 months instead of di 24 months wey dem suppose dey engaged. For 2018, di goment engage 300,000 beneficiaries for Batch B and wen e reach time for dem to comot for 2020, small drama bin play out as some of di beneficiaries claim say goment still dey owe dem money.

Di latest Batch C na 500,000 beneficiaries.

Reactions, criticisms of di N-power programme
Plenty hailing and condemnation don follow dis programme since e start for 2016. Some see am as better employment and development strategy, odas say di process no pure and e dey stressful plus di money wey e dey gulp too much as dem fit take am build industries for dis youth to dey permanently employed.

Please, I think this should be read
https://www.bbc.com/pidgin/tori-56365022.amp

That will probably just be a Nigerian artist that is not yet known. You can check the real song in the link below, Davido feature Chris Brown. So, that let me guessed the singer in the OP board video is a Nigerian and copied one of the common Nigeria singers  song, 'Blow my mind'.

https://m.youtube.com/watch?v=iSgXrOsE5hE

No, do not see it in other way around, you can see how the Nigerian Central Bank governor depicted cryptocurrencies  with lies and also calling it illegitimate money, I think the song is about people not to trust what CBN are saying about bitcoin. Although, possibly the guy in that vidoe just trying to be famous, but such video is not about worshiping bitcoin, it is about making people to know about it, but worth knowing how to use it before starting using it at all.

First of all, I will like you to know that Coinomi is now a close source wallet some years back, but is one of the best close source wallet, although close source wallet can not be trusted nor recommendable. I was using Coinomi before and so conversant with ways to protect my wallet if my mobile phone or device is stolen.

1. The first layer of protection is to password your phone, anytime you want to use your phone, it will need the password.
2. The second layer of protection is to password Coinomi wallet itself, anytime you want to open the wallet, it will ask for the Coinomi password.
3. The third layer of protection is to encrypt your wallet with a password in a way anytime you want to spend from Coinomi wallet, you will need to input the password.

Note: Never store your seedphrase, passphrase and passwords on device, having it offline is better.

Recommended
128 bits of entropy generate 12 words after checksum, 160 bits generate 15 words, 192 bits generate 18 words, 224 bits generate 21 words, 256 bits generate 24 words.

100% prone to attack
96 bits will generate 9 words, 64 bits will generate 6 words, 32 bits will generate 3 words.

It is even states on iamcoleman that 'mnemonics with less than 12 words have low entropy and may be guessed by an attacker' in the process of generate less than 12 words seed phrase.

The source code is on GitHub and recommended by developers including experienced members Bitcointalk community.

Everything about iamcoleman is open source and it is highly recommended. Iamcoleman make use of 128 bits to 256 bits of entropy to generate seed phrase using a open source codes which the 128 bits is even secure enough and safe to use. You have nothing to worry about, it is as secure as it is BIP39 standard using cryptographic secure pseudo random number generator and open source.

I know NFT are non fungible (virtual) like digital paintings. But what makes me confused is that, for example, MurAll (PAINT) at $0.00399200, how is it sold? NFT owners owns a token to prove the authenticity of the artwork, in this regard, will you be the only one that will buy MurAll (PAINT), or others will buy it and use it to trade?

Let me make it more understandable. Assuming I bought $6 million worth of NFT and I have the token with me which proves me to be the right owner, can I list it on exchanges so that people can trade it like bitcoin and other crypto assets like ethereum and litecoin?

This is totally right, and this makes private key to be safe. With the present day technology, no computing can brute force private key, while it is also 100% impossible to reverse the elliptic curve multiplication, it is one-way function and can not be divided to get the private key from the public key, the private/public key cryptography is also called asymmetric cryptography in this regard in a way private key is able to create digital signature to unlock bitcoin from blockchain with the corresponding address in which only the owner of the private key can do this. This is not related to any form of encryption, in which secret is made in form of password to protect the private key, though making such encryption is possible but encryption is not the process to generate private key, this makes asymmetric cryptography to have nothing to do with encryption.

As you know, trading future contracts comes with great risks, the higher the leverage the high the gain it if favours or the higher the loss if otherwise. If bitcoin is at $60000 and you short/sell, if the price decrease like you meant, you will gained, no loss. Also, if you long/buy it and the price of bitcoin increase, that means you also gain. But, if otherwise, it means the trade is a loss in which the money used will be liquidated at a certain price depending on the leverage used, it means if you go short and the price increase, it means loss, or if gone long and the price decrease, the result is also loss.

You can transfer bitcoin from one of your addresses to another on your same wallet, be it legacy, nested segwit or native segwit. But, why using legacy addresses, it do charge higher fee for transactions while using nested segwit comes with low fee while native segwit addresses comes with much more lower fee.

It means the longer the bit of the private key, the more harder you will try to brute force it. The present ones are 256 bits, the size of bitcoin’s private key space, (2^256) is an unfathomably large number. It is approximately 10^77 in decimal. For comparison, the visible universe is estimated to contain 10^80 atoms. Reversing the elliptic curve calculation is impossible, while the present day technology can not brute force such large number as 10^77. Also, the brute force you meant here is when the public key is revealed and used to brute force the private key, not yet when the address is reveal which is now what public should know. If only the address is known, this will be more difficult. I do not want to go much depper into this. But, just know private keys are 100% safe, only what makes them not safe is when you reveal your seed phrase or the private key to another person, it can also be revealed through malware attack on devices.

https://github.com/bitcoinbook/bitcoinbook/blob/develop/ch04.asciidoc#base58

Encryption is not necessary, private key is safe but just for additional protection, and it is optional.

No, protecting it is right word here.

If the private key is known to another person, the person will use it to access the bitcoin the private key controls and used it to unlock the bitcoin on blockchain.

HD wallets is enough for this.

Yes, you are right. But private key does not represent addresses, but private key generates digital signature used to unlock funds stored on blockchain through public key using a digital fingerprint called addresses.

You are also right, but we should also mention send seed phrase as very important, it can generate the private key which means it should be protected like private key, any access to seed phrase also means the private keys can also be accessed and can lead to coin lost.

The default derivation path is native segwit on Android Electrum wallet, but you can import the master private key of nested segwit to give 3-prefix address or that of legacy address to generate 1-prefix addresses. You can also import the private key of such addresses directly on Electrum wallet.

Someone has access to you wallet seed phrase or the private key you imported on the mobile electrum wallet. The best is to not use the compromised wallet again. I have not heard of malware that steals in such this way on Android Electrum wallet, but nothing is impossible when it comes to malware device invading, better to factory reset your phone to free your phone from malware. If you know you want to download wallet on your phone, you will need to protect it against malware by not going online the way you want, making use of ant-malware and visiting the right sites not fake ones that can install malware on your device. Also make sure you trust no one with your seed phrase or private key, someone can get hold of it and use it to compromise your wallet.

I think spamming and trust system are entirely different, if the post of the member is considered spam, the best is to report to moderators, even it does not deserve either neutral or negative trust. Like you implied, trust system are for people you trust which you can award +ve, while the -ve should be for people that are likely moving towards scamming people or that can harm members of this forum. Someone can be tagged neutral if you think he can be trusted but not solid reason(s), although it can be otherwise in which there are many other reasons someone can be tagged neutral in which he is not that trusted but not deserving -ve trust, such person can be tagged neutral also. In these cases, jerry0 has done nothing that deserves him the negative trust, neither has he done anything that deserves him a neutral trust, all to do regarding spamming is to report to moderators, it is moderators that will consider if the account should be temporary banned, permanently banned, or have some posts deleted.

It will be good not to make use of https://bitcoinfees.earn.com/ for bitcoin fee estimation, it is not good as it is a very poor bitcoin fee estimator. For ease, you can try https://mempool.space/. 71.1 sat/vB is not a small fee, the mempool is at 31 sat/vbyte now, the transaction would have been confirmed already.

Clearly enough dkbit98 has differentiated the bitcoin addresses. To pay lowest fee, use native segwit (bc1). Nested segwit (3-prefix addresses) has low fee too native segwit has the lowest fee. But using Legacy (1 prefix addresses) has high fee, even more higher if the address is uncompressed legacy address.

MurAll (PAINT) at $0.00399200 in your link above, having a marketcap of $38,384,559, also having a circulatory supply. This makes me think NFT can also work on trading the way normal coins are working, which means I can buy NFT or sell for trading purpose in which the price may increase or decrease depending on demand and supply?

Christie's sell an NFT by digital artist Beeple for $69m recently, this sound like those Mona Lisa painted by though non fungible, this kind of NFT are not for such trading purpose like MurAll (PAINT) because it is bought by only one person?

Which best article can I know the A-Z of NFT? Never mind my question if not correct, I do not know much about NFT.

You do not need to know if hoarding merit has advantage or disadvantage to members or the forum itself, the fact still remains that merit system is perfectly working good even while there are not areas that are faulty in respect to merit system. You do not need to think about this than also making research, know about bitcoin, other crypto assets and other boards of this forum that interests you and make quality posts. Members hoarding merits or not, good quality posts will stand out and be merited.

Just only ledger secure element is close source, all others are open source, that is why people still recommend ledger nano because only the way it is generating and storing seed phrase is close source, but very possible a close source secure element can have vulnerabilities that would predetermine generated seed phrase. Although not implying ledger nano is not safe, but implying better using what is completely open source in my opinion.

People do say having more than one wallet can increase privacy but we should also know that securing 3 seed phrase is more risky than securing one. So, this depends on you, but if need two or more hardware wallet, it means you need to know how to protect your seed phrases.

I will choose open source wallet, Trezor precisely. Ledger nano is not also bad either but its secure element is close source.

Not your hardware wallet is most important, what is most important is your seed phrase. If you have your seed phrase, you have your wallet because you can use it to to recover back your wallet.

Nothing wrong with Trezor, but use passphrase in addition to make it safer. If passphrase is not used and a hacker stole it, the hacker later can know your seed phrase after breaking into your wallet and use some no costly tools to extract out the seed phrase, but if strong passphrase is used in addition to the seed phrase, you are still safe in this case. As for me, I still prefer Trezor because it is completely open source.

It comes with larger screen, more features, support more cryptocurrencies but more costly.

Try all means to make sure you fill in details that will not reveal your identity, see what ledger data breach cause its users.

Yes, but someone needs to be very careful not to make mistakes. You can even buy the hardware wallet parts and assemble it your self but getting the ready-made one is better.

I prefer Trezor, but people do talk about Coldcard to be very secure also, it is open source and I like open source wallets but not easy to use like trezor and ledger nano.

Private key produces a digital signature that makes it possible for a corresponding public key to spend through a digital finger print known as bitcoin addresses.

You need the private key, or seed phrase that can generate the private key. While creating a wallet, you will be given the seed phrase or private key. And as you meant extended public key, that means you created an HD wallet. You either need the seed phrase or the extended private key, or the private keys of the address(es) of your wallet the bitcoin is sent to.

In HD wallets, seed phrase generates the seed. Seed phrase represents entropy with 128 to 256 bits, this is used to generate seed with a longer bits (512 bits) through key-stretching function PBKDF2 using HMAC-SHA512. From the seed, the master private key and master chain code are generated through one-way-function HMAC-SHA512 while the master public key is generated from the master private key. Then, the master private key produces the child private key also through one-way-function HMAC-SHA512. What I just want to point out is that seed phrase do not generate the private keys directly, seed phrase generate the seed, the seed generates the master private key while the master private key generates numerous private keys.

Although, before it is very unstoppable to stop bitcoin because it is decentralized, while people are now adopting it the more. Who are the people to stop it? The governments that have officials already having bitcoin, this makes it hard for bitcoin to be stopped in the developed country, while the developing and underdeveloped countries will follow. I see bitcoin as the world's currency in the future, not that it will be the only currency but will be the most powerful of all existing currencies. Also a potent asset to compete with gold which is the greatest asset in the world.

Bitcoin is unstoppable.