Miners validate transactions and the miners choose the transactions that they want to add in the block that will be validated. Miners confirm transactions, nodes validate the transactions and add them to their mempools from which miners add transactions to their candidate block. So to avoid it from happening, the transactions that are in each blocks are stored which is called node where all the data are stored.
Nodes store validated transactions in their mempool which is short for memory pool.
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Getting to preview your post write up before posting it cannot make you dictate your spelling error. I feel the preview button is more important when adding other tags (code, links, image etc) asides from just normal write up in order to get an actual glimpse of how your post will be when published.
Previewing your post before posting can allow you detect errors that you may have made while writing it. I usually will more easily see any typos when reading the preview of the post that when reading directly while posting. It is also useful in double checking how forun tags will look before publishing the post.
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I just hope before the end of this year such experience would be less because we might see it as a normal thing but I'll call it corruption on this forum and those at the head of the table need to act up as the Government we have here to help us fight against it.
There is no such government to help you fight against the use of AI on the forum. It is we users that can collectively pick out those who auto generate generic posts and spam around the forum. There is no specific rule against the use of AI, it has been so long since a new rule was included in the forum, but there is a rule against spamming and users who rely on bot posts are usually account farmers, spamming on multiple accounts. If you find any generic looking post, which does not offer any human thought but beats around generalities, you may likely have reached an AI post.
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That's a good guide on the basics of malware and security. On how to protect one's device from malware attack another very important point to note is have your device offline; Airgapped devices provide the highest level of security for crypto storage or storing any other digital asset which is at risk of getting stolen. The assets stays offline and is no exposed to the routine risks available on the internet.
You still need basic security steps to keep your online device safe.
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The data for Nigeria should be much higher than is quoted there, which may be same for other countries as well.
In Nigeria the minimum wage is N30,000 which is equivalent to just over $38, making the daily minimum wage $1.28. When you calculate that to the price of Bitcoin now one will need to work for 24,474 days with no leave or off days. This is over double the days you quoted in the opening message.
That's 64 years, when you factor in the increasing price of Bitcoin over time and the inflationary rate of fiat currencies, then the number might double or even triple.
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Your focus should be on what you can learn from the forum and not what you can get from it. Rather than trying to post for merit or to be noticed, treat this as a forum where people communicate and learn from each other. Do things naturally and you will get the ultimate reward, which is Bitcoin knowledge.
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Misplacing your private keys or storing your bitcoins in an exchange that can get hacked is not a threat or a vulnerability, it is rather a slip up that the holder of the private keys can do and lose their bitcoins as a result.
The Bitcoin network is secure, but we have to do our but to keep our keys secure.
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Op is talking about micro currencies which operate in certain localities within a country besides the legal tender which is used all over the country. We don't have them in my country, but I have read a bit about them being used in communities in other countries. A friend was bragging to me about the merits of her local currency, but I wonder what's the point since we have bitcoin? Bitcoin is not a fiat currency and is not competing with them. People can have their local currencies within their communities and still use their general currency which is EUR in France. This does not limit the utilities of Bitcoin.
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Market cap and trading volume is not what makes Bitcoin the top cryptocurrency, a coin can inflate its marketcap and also trading volume but that is not a reflection that it is a good investment option.
I own Bitcoin cause it's the most secure and decentralized cryptocurrency. If it was not the first crypto to be established and Bitcoin came later and is much lower on the market cap ranking, I will still opt for it.
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Your friend can simply buy Bitcoin on PayPal and send that to your non custodian wallet.
You do not have to complete KYC to be able to create a wallet to receive bitcoins and yoh friend already has an account on PayPal.
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My thoughts on the beard were really based on the consideration of placing emphasis on my age. Apparently I look younger without it.
So you would not want to place any emphasis on your age, or have that supercede the information you're sharing? That's a valid thought, but if it contradicts your beliefs and what you want to do, I'll advice you keep the beards. I've seen too many people change to fit into the social box once they start putting our contents although I'm sure you have tough mental.build from interactions here and will not fall into that. I'm in Sainsbury's cafe, and I've decided that I need a pop filter, so I'm getting pretty close to submitting something foir general comment. Can't wait to watch your contents especially after the long distance conversations here on the forum.
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Let me say that Bitcoin has taken it stand and theirs no point of carrying out campaign of Bitcoin like before or imposing Bitcoin knowledge to children which we know that with time those children you are trying to teach bitcoin will know of Bitcoin through a social media. Teaching your kids financial education is not a campaign but intentional parenting. I don't believe in teaching kids about Bitcoin, they will likely be too young to understand the technical aspects, but they can understand basic financial education at that age and slowly get to know more as they grow. Social media is a great tool but do not rely on it to teach your kids cause one has to be good at filtering through to get t the good stuff.
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Typically everyone will be happier when the value of the asset they hold increase tremendously and they can pull out 10× profits from their initial investment or more. The bear market is a means to profit from the bull market, a means to an end. Both are important factors in any market to ensure there is a balance, any asset that has constant growth over very extended periods of time will draw skepticism from investors. Some are investing for the bull market and once the bull market comes they offload the wallet. While.some are perpetual in the holding both in the bull and the bear. So where do you belong?
I am more of a hodl guy, through the different markets. If you know what you're doing, you can short Bitcoin when the price rises and drops to get more. If you do not know what you're doing just hold till you reach your desired profits.
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... I read that the concept of seed and BIP39 was proposed later. This is all a bit confusing to me.
A BIP is a Bitcoin Improvement Proposal and they are implemented to improve the Bitcoin network. BIP39 was implemented around 2013. There are many BIPs which were implemented later on after the creation of Bitcoin. How did you do at the beginning to have bitcoins and how were they kept? I guess it was reserved for the rather computer-savvy people? When did it get easier?
In the really early days there were no exchanges and people for Bitcoin by mining them, this could have been eaisly done using a mobile device. And it was possible to transfer bitcoins from wallet to wallet before BIP39.
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Wallets : The following wallets allows easy use of RBF - Electrum
- Blockstream Green
You can include; • Bitcoin core • Blue wallet • Sparrow wallet • Samourai wallet You should also include that you need to enable RBF when creating the transaction to be able to bump the fee up at a later time.
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<snip>
The point I am trying to make is they we should not shut down all newbies for given generic posts and responses. A lot of the are created for the sake of merit hunting, but it has become so convenient for older users to shut down newer members who are obviously in their learning stage and things we have known for a long time are new knowledge to them. That culture wilm discourage many honest newbies from posting on the forum.
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The topic title and following text are generic and have been repeated on the forum a number of times. But despite that people tend to not follow that advice and stick to posting for the sake of it without any understanding of the topic the are discussing and no willingness to learn.
We cannot shut down a suggestion if it's still a major problem on the forum. Just like the advice to switch to Dex which is made very commonly here; it remains relevant cause many users are still using centralized exchanges and worse, storing their funds in them.
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The information in this thread can be easily obtained in the merit stats page, but I I'll have been interested in seeing a chart which shows the entire too 50 users against the rest of the forum.
I'm sure the difference will be great despite the fact that 50 forms less than 1% of the entire forum.
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But I don't think the internet apocalypse will do a huge damage to the banking system. because we can do banking things manually. because there is physical money we can touch. So I don't think this will have a huge impact on the dollar or physical currencies.
Transactions in fiat is heavily reliant on the internet. Majority of transactions today are made through credit cards, direct mobile transfers and USSD codes. If there was an internet black out the damage will be huge on the banking system. Even the cash transfers are heavily funded by mobile banking to make the cash available at ATMs and POS stands. Within a few days there will be such a crisis and more people will begin hoarding the available cash they have a hand. However I want to know your idea of what will happen to the bitcoin network if the internet apocalypse happens. when we compare bitcoin to traditional currencies. Is this going to be the disadvantage?
It will certainly be a disadvantage. There has been some alternative means of transacting with Bitcoin that have been discussed but none on them can replace regular transfers using the internet to broadcast the transactions. Maybe at such a time efforts to get an alternative will be intensified, but pending when that happens it will negatively affect price and possible halt all trades.
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but if he has a few BTC in his possession it is really not an important thing. Will it be news if we find out for a while that he sold BTC?
I totally agree. Ten years ago this would have been a major news and will help put Bitcoin in the mainstream media, but fast forward to today it's just another lucky person who was able to get some bitcoins and possibly still hold them. I will be willing to place a bet that if the personalities of all Bitcoin holders were public there would be a lot of eyebrow raising names on the list.
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