Hello Community,

I've been thinking about it, and several people have expressed their opinions/suggestions about the off-topic sub-board - some believe it should be renamed General Discussion (which may be a better name), Altcoin Discussion, or something else rather than off-topic. I agree that the off-topic sub-board has served its purpose and is still very important to the local board, but there are topics that do not fall into Politics and Society, Bitcoin-related, or off-topic but were moved to the off-topic sub-board because there was no reason to have them on the main board or Politics and Society, so I'm opening up this thread for further discussion.

If the community requests modifications, I will mention to this thread in any message I write to Theymos. I don't make decisions; I'm only here to serve, so whatever you decide is what I'll pass across.

[Thread rules.]

Hey community, based on high demands, I'm requesting you drop unmerited worthy posts here so I and other merit source can look at them and also those with smerits can give the appropriate merits. My current source is not much as expected and since I'm waiting for my source top up. I've decided to open this thread.


Thread rules.

• No discussion, only application.
• No spam  
• No guaranteed that your application will receive merits  
• Follow the correct format  
• Users with less than <1000 merits are priorities
• Max 5 posts (2 times a month)

Can I submit other user's unmerited good posts ? YES.

Code:

1. Link to post
Sub-board:
Description:
User:

2. Link to post
Sub-board:
Description:
User:

3. Link to post:
Sub-board:
Description:
User:

4. Link to post:
Sub-board:
Description:
User:

5. Like to post:
Sub-board:
Descriptio:
User:

Example:

1. Like to post: https://bitcointalk.org/index.php?topic=5467542.msg62878714#msg62878714
Sub-board: Main board
Descriptio: Topic
User: Igebotz

[Print]

Please pick a number from 00 - 99( pick two numbers if you've traded on Jokerchange) . Let's go!!!

00 -libert19
01 -HeRetiK
02 -Mayor of Ogba
03 -Becassine
04 -FinneysTrueVision
05 -Mayor of Ogba
06 -hosseinimr93
07 -Charles-Tim
08 -Charles-Tim
09 -Lida93
10 -bitzizzix
11 -notblox1
12 -Alphakilo
13 -Haunebu
14 -Danydee
15 -Samlucky O
16 -Asiska02
17 -satscraper
18 - CryptSafe
19 -Samlucky O
20 - JoyMarsha
21 -Pmalek
22 -Fiatless
23 -strunberg
24 -BABY SHOES
25 -Hatchy34
26 -shtangencirkool
27 -tvplus006
28 -CryptSafe
29 -bitzizzix
30 -Su-asa
31 -Lannakosa
32 -strunberg
33 -Haunebu
34 -Crypto Library
35 -tvplus006
36 -Cheema02
37 -snowpega
38 -Agbe
39 -Agbe
40 -Promocodeudo
41 -Asiska02
42 -Cheema02
43 -r_victory
44 -viljy
45 - GiftedMAN
46 -Uchegod-21
47 -
48 -Koal-84
49 -khaled0111
50 -Su-asa
51 -
52 -Hatchy34
53 -Smartprofit
54 -xLays
55 -CryptoHeadLineNews
56 -pinggoki
57 -jokers10
58 -Woodie
59 -BABY SHOES
60 -rachael9385
61 -Gaza13
62 -Smartvirus
63 -Nheer
64 -Uchegod-21
65 -CryptoHeadLineNews
66 -Fiatless
67 -
68 -JoyMarsha
69 -roosbit
70 -rachael9385
71 -roosbit
72 -DaNNy001
73 -Nheer
74 -Makus
75 -Lannakosa
76 -
77 -Crypto Library
78 -lovesmayfamilis
79 -lovesmayfamilis
80 -notblox1
81 -Gaza13
82 -DaNNy001
83 -malcovi2
84 -Koal-84
85 -mv1986
86 -examplens
87 -examplens
88 -Smartvirus
89 -snowpega
90 -Promocodeudo
91 -bitmover
92 -promise444c5
93 -bitmover
94 -Makus
95 -zasad@
96 -Smartprofit
97 -deepblue01
98 -deepblue01
99 -Knight Hider

Print  no editing

https://bitcointalk.org/index.php?topic=5500050.msg64218507#msg64218507

[About JokerChange]

About JokerChange
JokerChange provides a fast and convenient way to exchange your cryptocurrencies,  Supporting over 80 cryptocurrencies and various blockchain networks. JokerChange offers a wide range of options for your cryptocurrency exchange needs.
 No registration or account  is required to exchange your cryptocurrencies with JokerChange.

Why this FREE RAFFLE? 🤔
JokerChange wants to advertise their brand in the community and as a part of the strategic marketing plan, they are launching this FREE RAFFLE to stay in front of the community. There are many other forms of marketing is placed in the pipeline. They will execute some of them one after another. LET's SHARE THE JOY!

How it works?
Imagine up to 3 two digit numbers and post it with:
Forum username
A bech32 Bitcoin address
So here is the format to enter:

Code:

Code:

Numbers from your imagination (separated by comma):
Forum Username:
Bech32 address:

I'm posting this on behalf of R7 campaign management and I will be filling in the numbers as usual while Royse takes care of payment. You can not take a number that is already taken, in that case imagine another number and continue until it's not booked.
Users registered after 1st June, 2024 can not join this FREE RAFFLE.

 Who will win the prize?
Two digit number starts from 00 to 99 once all booked, Royse will  post a future bitcoin block number. If your imagination match (exact match) with the last two digit of the hash of the selected block to form the number then you take $50 BTC, it's going directly to your bitcoin wallet!

Are you ready to try your luck?

Important links
Official Website 🌐
AML/KYC ⚖️
Rules 📜

📢 JokerChange are new in our community, the site is recent. They will love to hear your words, your suggestions, your compliments on their Announcement Topic.




General Disclaimer: We would like to make it clear that 💹📈 Bitcointalk Campaign Management 💪🔥 Signature & Bounty, managed by Bitcointalk member AB de Royse777, is an independent entity and is not directly affiliated with any of the crypto startups we advertise. While we strive to promote these startups in the best possible light, our views and opinions expressed in our advertising materials do not necessarily reflect those of the startups themselves. We work with various clients across the crypto industry, and our goal is to provide high-quality advertising services to help them achieve their marketing objectives.

A big thanks again to @Anphenomenon, for being on time to deliver anoda monthly overview update, wey you take over from oga @Igebotz, you no fall our hand, thanks again.

I know say with time you go de add best quality posters as oga Igebotz, de do for us, dat category na real morale booster im be. I also hope say merit reward for best quality posters go return on day for dis thread. Lastly, if every accounts wey you de mention go de get notifications, I believe say e go help increase comments for dis thread every month. But no pressure, you de do well.

Only the best reporter award is ongoing for now. You see a low post, off-topics, politics and society posts on the main board, you report to be moved. Low quality posts too. 10 merits/month. Just use the "report to moderator" button

[RULES]

Welcome to Naija local board, the OGBONGE online community for discussions about Bitcoin, politices and other cryptocurrencies! We are glad to have you as a member of our community and look forward to your participation.

As a new member, you may have many questions about Bitcoin and other cryptocurrencies. We encourage you to take a look around the forum and browse through the various threads and discussions. You can also use the search function to find specific topics that you are interested in.

If you have any questions or need help with anything, please don't hesitate to ask. There are many knowledgeable and helpful members of our community who will be happy to assist you.

We hope you enjoy your time on BitcoinTalk and look forward to your contributions to the community. Ur face show, Ur shoe shine.  

These are some of the unofficial guidelines we must implement/follow in order to combat spam and keep this board as clean as snow (I know it's impossible to achieve a clean board without a bit of spam), but it can be reduced if we stick to the following rules, which, as I previously stated, are unofficial and subject to change and improvement over time). I'll leave the thread open for comments.

RULES

• Follow the rules and guidelines of the forum.
• 1. Only Naija Pidgin and English is allowed
• 2. Be respectful and polite towards others. Avoid using offensive language or making personal attacks.
• 3. Stay on topic and avoid hijacking threads with unrelated discussions.
• 4. Use clear and concise language and try to keep your posts brief and to the point.
• 5. Check your spelling and grammar before posting.
• 6. Avoid spamming or posting repetitive or off-topic messages.
• 7. Do not post any sensitive or personal information about yourself or others.
• 8. Respect the privacy of others and do not disclose any personal information without their permission.
• 9. Do not post content that is illegal, or copyrighted/plagiarism.
• 10. No duplicate thread/Topic is allowed.
• 11. Be mindful of the tone of your posts and try to contribute constructively to the conversation.

Do not TRUST, always VERIFY before dealing, i will serve as escrow in local fiat/crypto dealings on legal digital/physical goods off/on the forum for FREE

[RULES]

Welcome to Naija local board, the OGBONGE online community for discussions about Bitcoin, politices and other cryptocurrencies! We are glad to have you as a member of our community and look forward to your participation.

As a new member, you may have many questions about Bitcoin and other cryptocurrencies. We encourage you to take a look around the forum and browse through the various threads and discussions. You can also use the search function to find specific topics that you are interested in.

If you have any questions or need help with anything, please don't hesitate to ask. There are many knowledgeable and helpful members of our community who will be happy to assist you.

We hope you enjoy your time on BitcoinTalk and look forward to your contributions to the community. Ur face show, Ur shoe shine.  

These are some of the unofficial guidelines we must implement/follow in order to combat spam and keep this board as clean as snow (I know it's impossible to achieve a clean board without a bit of spam), but it can be reduced if we stick to the following rules, which, as I previously stated, are unofficial and subject to change and improvement over time). I'll leave the thread open for comments.

RULES

• Follow the rules and guidelines of the forum.
• 1. Only Naija Pidgin and English is allowed
• 2. Be respectful and polite towards others. Avoid using offensive language or making personal attacks.
• 3. Stay on topic and avoid hijacking threads with unrelated discussions.
• 4. Use clear and concise language and try to keep your posts brief and to the point.
• 5. Check your spelling and grammar before posting.
• 6. Avoid spamming or posting repetitive or off-topic messages.
• 7. Do not post any sensitive or personal information about yourself or others.
• 8. Respect the privacy of others and do not disclose any personal information without their permission.
• 9. Do not post content that is illegal, or copyrighted/plagiarism.
• 10. No duplicate thread/Topic is allowed.
• 11. Be mindful of the tone of your posts and try to contribute constructively to the conversation.

Do not TRUST, always VERIFY before dealing, i will serve as escrow in local fiat/crypto dealings on legal digital/physical goods off/on the forum for FREE

[This thread will collect feedback from the community regarding me becoming a moderator.]

Hello community,

The community has been supportive of my work here since its creation, from my monthly statistics for the local board to giving free escrow services to the community and to fighting scammers and spammers. As you are all aware, the community has been targeted by a small number of spammers, making it difficult for genuine members to communicate and provide useful information in order to promote Bitcoin and the community.

As a dedicated member of our community, I decided to become your local board moderator in order to combat spam and scammers and make all topics worth to discuss. With your help and trust, we will have a clean community again. .

What do you guys think?


This thread will collect feedback from the community regarding me becoming a moderator.

Need a good (not too expensive) article writer.

I only have the website and image in my possession. All the information you need is on the website, a simple but very good article with less than 1000 words.

I will convert it to PR standard afterwards.

Contact on TG: @Real_igebotz

This thread will act as a reference for the tags I intend to use on some of the spammers and spam bots on this board. If you know of a user that creates duplicates, spams with worthless social media topics, uses the board to gain Activity points, or spreads hate with issues related to politics.

I left a tag for this users for continue spamming and making pointless topics on the board.

https://bitcointalk.org/index.php?action=profile;u=3599960

https://bitcointalk.org/index.php?action=profile;u=3599848


Report meaningless and spammers in this thread - we didn't battle for the local board for years only to have them come in and ruin it.

No rank is excluded - if you're wearing a signature and avatar and shitposting in Pidgin to complete your post count, you best stop or I'll stop for you.

Please help me report them here let's clean the board together.

[What The BSFL Sheriff offers to client]

Blah brah brah.... Yeah another legendary avatar and signature renting service .

I am Legendary Igebotz, recognized as The BSFL Sheriff, specializing as a brand influencer. I am acknowledged as one of the most active and reputed contributors within the gambling board, General board, and Local board. Currently, I am offering rental space for both my avatar and signature.

I promote Casinos, Mixers, Exchanges, Wallets, Tokens and more...

What The BSFL Sheriff offers to client;

• 1. High Visibility: My posts consistently receive a high level of engagement, showcasing diverse and engaging content.
• 2. Reliability and Consistency: I maintain a high level of participation on the forum, constantly offering meaningful content and assuring a strong presence with consistently high weekly post counts.
• 3. Excellent Reputation: As a respected DT1 member, I have an excellent reputation. Project I promote receives heightened interest and provides exceptional value for money.
• 4. Professionalism: I strictly adhere to agreements and handle myself with the utmost respect, ensuring that what is promised is carried out on time and precisely.

My Terms & Conditions.

• 1. Payment Flexibility: I am open to accepting payments in Bitcoin (BTC) as well as in over 50 other cryptocurrencies. Please inquire for specific options.
• 2. Preferred Payment Schedule: Ideally, I prefer receiving payments on a weekly or bi-weekly basis.
• 3. Payment Terms: While I require upfront payment, I exclusively accept payments from reputable brands or entities.
  
• 4. Contractual Rights: I reserve the right to terminate the contract if necessary.
• 5. Integrity and Accountability: In the event of fraudulent activities associated with your project, I retain the right to disclose and tag the project accordingly.
• 6. No Refund Policy: Please note, I do not offer refunds once services have been rendered.

Past Works.

More than 10 project successfully promoted! You're the next.



My brand X Your brand. I keep my Seal

The mempool is congested right now ( have two pending transactions) and I need urgent $100 in USDT or Solana.

To be paid in BTC when the mempool madness is calm.

Will provide you the recipient address in PM.

[What is Dusting attack?]

What is Dusting attack?

This is a common scenario in which an attacker sends a small amount of Sats to random Bitcoin wallets, which could be as little as 10 cents, 15 cents, or 20 cents worth of bitcoin. And by doing so, the attacker may now follow how you spend your Bitcoin, allowing them to figure out who you are, your identity, and how much Bitcoin you own. And this is dangerous because he hacker can now attack you and try to steal your Bitcoin if they know who you are and how much you have.

We are only familiar with phishing attacks, in which you may be sent a phishing email. This is when you send an email that appears to be from a legitimate organization. You click on the link, enter all of your information, and now you have given it all up, and there is computer ransom where someone takes over your computer, freezes it, and possibly steals a critical document on your computer, and the only way to unfreeze the computer is for you to pay ransom. Bitcoin dusting attacks are the most dangerous of all, especially for those who use most Bitcoin wallets without coin control/UTXO management, since you're forced to spend whatever UTXO you have in your wallet, including the UTXO that the attacker sent to your wallets, and as a Bitcoiner, your privacy is important, and you don't want people knowing your identity online, let alone how much money you have, and sometimes this dusting attack is sent by the government authorities.

Coin control/ UTXO management.

Coin control is critical for privacy since it allows users to choose between a compromised output (UTXO) and a private (UTXO) when spending Bitcoin.  To protect your anonymity, avoid using Bitcoin wallets without currency control, as this exposes you to Dusting attacks.

Methods for identifying dusting attacks and freezing compromised UTXOs from your private currency.


Dust attack control in Sparrow wallet.

1. A suspected dusted attacking UTXO is automatically identified in updated desktop wallets such as Sparrow and Wasabi wallets; these wallets are programmed to display a caution sign on an output (UTXO) less than 1000 Sats.  Most dusting attacks are motivated by greed, and most Nigerians fall victim to this type of attack because we believe so strongly in miracle money. If you find an unexpectedly small amount of output (UTXO) in your wallet, do not spend it; it is most likely an output (UTXO) attack.




2. Click UTXO => right click on the suspected dusting attack UTXO => Freeze UTXO



3. Now you can spend your private UTXOs without spending the suspected dusting attack UTXO.




Dust attack control in Waasbi wallet.

Goto settings => click Bitcoin => Dust Threasom ( You can adjust the amount of Bitcoin you do not wish to receive in your wallet since dust attack are always a low amount of Sats. Simple!



But these dusting attacks also can be used for good. They can be used to track stolen Bitcoin and also track the spending of hackers.

Other Topics

Dust Attack, what it is, why it is dangerous and how to prevent falling to it

[Edu] Bitcoin Wallet UTXO and Consolidation

[Rules] Unofficial General Guidelines For Posting( Na de koko dem)

[Info]Duplicates topics; How do we stop it?

[Support] Igebotz Nigerian Local Board Merit Source Application


Download sparrow desktop wallet https://sparrowwallet.com/download/
Download wasabi desktop wallet https://wasabiwallet.io/#download

[Whats UTXO and why should I care?.]

Whats UTXO and why should I care?.


40,000 Sats = $10.63

UTXOs is very common and some of you don't know why you're always paying high fees anytime you send out bitcoin from your wallet, I will explain. Assume you're going to buy Bitcoin on an exchange. Assume you buy 40.000 Sats per day, therefore you purchased 40,000 Sats. The next day, you buy another 40,000 Sats at the exchange and transfer it to your hardware wallet. The next day, you buy another 40,000 sats at the exchange and transfer them to your hardware wallet, giving you 120,000 sats of Bitcoin in your hardware wallet that is safe and secure. That's fantastic. But there's a small problem here. So, every time you sent Bitcoin from the exchange to your hardware wallet, you generated a UTXO (unspent transaction output).


Consider this to be a tiny fraction of Bitcoin; in essence, you have three pieces of Bitcoin here. The trouble is, if you want to send out these three chunks of Bitcoin, you'll have to pay a reasonable amount in fees because each chunk of Bitcoin takes up space in a block on the blockchain, and you have to pay money for the space you're taking up in those blocks. So if you have a lot of UTXOs, you'll take up a lot more space in the block and you'll have to charge for each of these UTXOs in order to send your Bitcoin out.

Bitcoin doesn't care how much Bitcoin you transferred; you can send a million Bitcoin, but if it's all within one UTXO, you'll just be charged a little fee.


Practical.



1. I transferred 3 chunks of Bitcoin; 40,000. 40,000, 40,000 sats (120,000 sats total) from my first sparrow wallet to my second sparrow wallet and in the process i created 3 UTXOs in my wallet, I took three block space on the blockchain in the process.

1a. Then I transferred another 120,000 sats in a single transaction to my second wallet thus creating only 1 UTXO





Sending the Bitcoin.


2. I started with the first transaction, I marked the 3 chunks of bitcoin input of 40,000, 40,000, 40,000 sats a total of 120,000 sats and send at the current network fee of 14.14sats/Vb (as of when I tried it) and the total fees to send out this 120,000 sats was $0.91 beacuse I was charged for the 3 UTXOs I created, now lets compared this fee to that of the single transaction of 120,000 sats (1 UTXO)





2a. I transfer the second transaction of 120,000 sats at the same network fees of 14.14 Sats/Vb and the total fees to send out this bitcoin was $0.41 I saved $0.5 on fee for the same amount of Bitcoin.





Conclusion.



For every bitcoin you send to your wallet you are renting a space in the block if you're sending maybe $100 worth of bitcoin, and you have it spread across 6 UTXOs, thats $10, $10, $10, $10, $10, $50 well, you're going to be eaten alive by fees cause you're going to be paying for each of the block space you rented. So instead of spreading across 6 UTXOs you should wait till you accumulate your $100 Bitcoin and send it to your wallet in a single transaction.  

For those of you saving your signature payment, you will receive 1 UTXO every week and as network fees rise, you will have to pay high fees to get those out. If the network becomes congested again, you may not have enough to cover the amount of UTXOs in your wallet, preventing you from withdrawing your coins.



UTXO Consolidation.


Okay, I've already created a bunch of UTXOs from my signature earnings and daily bitcoin transfers from CEX to my wallet. What do I need to do to get rid of these UTXOs and consolidate my UTXOs into one?


1. Copy your receiver address from the same wallet ( where you sent your coins) and



2. Click UTXO on your sparrow wallet and press Command on your Keyboard and select all the UTXOs and click send



3. Paste the receiver address you copied as the recipient, set your fees and click send and broadcast the transaction and as you can see on the screenshot I've already consolidated 5 UTXOs in my wallet into 1 UTXO.




Dowload verified Sparrow wallet here https://sparrowwallet.com/download/

You are welcome.

I need some bitcoin Testnet to test a product, if you have some do well to assist me with it.

Btc Testnet address: tb1qfc32vfjwgmx2ru59pqfkw5c6lzrvhjc0aayhhy

[What happened::]

What happened::
I received this fake Binance (phishing) email to my mail just now. I'm not sure how these scammers got hold of my email because I've never used it for anything other than the Binance exchange, so I'm wondering if Binance database was just hacked or anything. In the email, they ask users to exchange their BUSD stablecoin to FDUSD coin (I didn't click the link) prior to February 2024. If you receive this email, it is almost certainly a fraud or a phishing link designed to wipe your BUSD. Be cautious and avoid clicking it.

Why are these exchanges selling our personal information? Must be a very good business. Disappointed

Scammers Profile Link: N/A

Reference Link:

Code:

https://log.bntrace.com/bapi/composite/v1
/public/message/view-url?_bEt=eyJhbGciOiJIUzI1NiJ9.
eyJjdCI6ImEiLC
JiIjoiMTA2MjIxNSIsInIiOiJodHRwczovL3d3dy5iaW5h
bmNlLmNvbS9lbi9jb252ZXJ0L0JVU0QvRk
RVU0QiLCJzIjoiVEFHIiwiY3RpIjoiaWd5OTdmIiwic2VxIjo
xNjI0ODExLCJ0cyI6MTY5MzkyMzIyMTIyM30.FG_Kx
CWZGpXd5hpt3tz0K7zBP6BjkxkJvmNy2vnjSqs

Amount Scammed: N/A
Payment Method: BUSD

[1.]

I'm formally applying to be a merit source for the Nigerian local board; I'm not the best, but I have an excellent eye for proper merit posts. This has been on my mind since we got our local board, though I noticed Charlse-Tim edited his old General board merit source application to the local board application, which is a good thing; the more sources we have, the better it becomes; this is about having the two best candidates apply for a position to help the local board move forward, this is not a competition, we are only giving theymos more options and the local board will be okay with whatever option we got. The amount of quality posts and activities has increased dramatically in the last few months, and I believe I am qualified and want to volunteer myself to serve as a merit source for the local board, just as I have been with my few earned smerits.


I contributed greatly to the creation of the local board with my [CHARTS] Monthly Overview Of Nigeria Local Board📈

I'm the second MOST generous smerit sender on the local board

I've been actively assisting the General board merit source (C.Brainboss) with monthly highest top best posters for his monthly merit reward since the board was created in addition to his constant reviewing of the board.

also. I still select the best poster below the the Full member rank for the Satoshiprincess monthly BTC reward.

These are the things i do on the local board; rewarding quality posts and reporting spam and duplicate posts daily.


Local board link https://bitcointalk.org/index.php?board=275.0



These are my 10 under-merit posts on the local board. ( there are just too many to pick from)

1.

But why BTC is the only coin people feel like hodling more than 6 or 7 years? Is it becos d coin was d first coin in cryptocurrency or base on d results other investors have achieved from it, becos d confident we have in hodling BTC for long is different from other coins in d community.

Bitcoin do and do increase to all-time-high as usual, but some altcoins failed to do that. During bull market, altcoins may not reach all-time-high again or in time. Some coins are shitcoins and some become dead.

Let me give you some good examples:

Bitcoin increased to $69000 in 2021. Now at $29300
Dash increased to 478 in 2021. Now at $31.80
Filecoin increased to $430 in 2020. Now at $4.2
Solana increased to $259.9 in 2021. Now at 23.17

Most altcoins are still 10 times lower than their all-time-high in 2020/2021, but bitcoin is just not more than 2.5 times lower.

In 2020, bitcoin got to all-time-high above $19600 of 2017. Its price increased to $69000 in 2021 which is the present all-time-high. There are many well known altcoins that did not get to all-time-high at all in 2020/2021.

Examples of coins that did not get to all-time-high in 2020/2021:
EOS
Bitcoin cash
Zcash
And many other coins.

Like I have once mentioned, your topic is about bitcoin and this can be taken as an investment assets, but altcoins are gambling assets and only use them to gamble.

After a significant bear market and if you are able to risk your money, risking the amount of money that you can afford to lose, there are some altcoins to go for, but not for long term investment except ether, but which I will not encourage anyone to invest on due to privacy reasons and centralization. There has been no coin like bitcoin.

I can only advice people to invest in bitcoin which is less volatile, most decentralized and most secure.

2.

If I may ask about long term holders and short term holders, who profit most?  I believe there are some people here who have never experience long term holding but dey want to swatch, what will be your advice to them? Your opinion is welcome.

This one go different and na based on the different coins dem wey you dey interested in wey go determine if you go go long term or short term. If we dey based dis discussion for just bitcoin then na long term wey sure pass because even all the OG wey hold their bitcoin from the day wey Bitcoin was sent to their wallets to dis day go comfirm to you say nothing sure pass for Bitcoin side then to become a long term hodler. Long term holding helps you in so many ways that isn't just profit gaining. If you be long term hodler e go make you develop the habit of patience and this one no go only help you for Bitcoin but all round investment that includes the industry and other investment options.

E go make you to get patience and with patience your investment go dey profit you, if you know wetin you dey invest inside and e no be scam. Short term holding no bad but if you're get the opportunity to choose which one you go belong among the two choices, choose long term hodling. This one go make you get less stressed for the market and all the shakara wey e dey do. But if this topic involved all coin that one be say you need to decide weda you go hold long or short on your own as nobody know how profitable any coin fit dey at a particular time. Altcoins investment dey very unpredictable and e dey get plenty wahala wey be say if you no put your head for ground you fit fall mumu to scammers.

3.

Moreover, I saw that Binance started using the black market rate on it's spot trading like 5days ago, and same as "Trust wallet" whose value per dollar started falling gradually from on the 15th of June at #610/$1 to this day at #816/$1 on Trust wallet. As you can see below in the images.

With BitPay, I can set it on Electrum too, but still of lower rate, at ₦752 to a dollar. I do not know what cause it but it has also changed from CBN rate.


upload image to website

But first, I need clarity on whether this topic is about making the economic and technical analysis or a mere page where we can just post/quote the BTC/NGN price daily/regularly.

Technical analyses, fundamental analyses, news, statistical analyses and all possible things that can have effect on bitcoin price can be on this thread. But it would be good to let the discussion to be what would correlate more to bitcoin holding instead of trading.

Besides, there is something I would like to also point out. It would have been better if you used the I&E window for this to make it looks more official. This is because I've never seen reliable BTC/NGN pricing charts that are sourced from the parallel market.

It has to be an I&E window, and all the charts to sort the speculation can't state otherwise.

I have thought about this several times, they both almost even have similar price as at now. I think this will not cause confusion. I will edit it to I&E rate. But let us see what other people will post about this.

4.

Bitcoin price increased from ₦24,275,000 to ₦25,751,000 yesterday and reached above the year-to-date high.

Yeah bitcoin at 25 million plus after having more than 2% increase in the last 24 hours but aside the XRP FOMO and the current reports of big financial institutions moving towards bitcoin ETF, I think the bitcoin to Naira is also greatly affected by the fact that the Naira is down against the dollar. The Naira is trading above 815 against the dollar which also increases the price of bitcoin. So far so good the I and E setting the market hasn’t helped the Naira against the other currencies but with time we shall see

This is a great initiative to have our own local speculation board (+1).

BTC/NGN is currently trading at 25,030,082 as of the time of this post which the high value in NGN is as a result of the Naira falling against the dollar which it's rate has gotten to #842 to $1. If this continues will might see 1 Bitcoin to 40,000,000 sooner than we expect as a result of our Naira being devalued over the dollar.

That is true, naira has been more devalued. Holding naira is just a loss for many people. It is not worth it at all. But I see bitcoin at $25,251,000.

Bitcoin is at $29990 as I posted this, naira at 841 to a dollar.

$29990 multiply by $841 fines ₦25,251,580.

Nah say my brain dy pain me abi watin, cuz I remember say I been don see diz reply earlier diz morning, same reply but some part don loss  and the post no dy show like watin dem edit.


I don't know how long we should be updating the price if it's every 24hrs or every price change, be that as it may the current BTC/NGN is #25,640,595 with dollar rate at #855 per Dollar multiply by the current rate which is $29,989

5.

I received the notification too and I tried using the service as instructed in the Kucoin fast trade page.

After visiting the page, I noticed that the 1USDT is = 807.89 naira, which is cheaper than that of P2P transactions that ranges around 866Naira; I decide to give it a try!




After entering the necessary card details and some address information they requested, my card verification failed, which I don't know why. Maybe some of the information was not right, but I am sure I input the correct details.



I then chose another payment method, and I was redirected to a p2p platform where I could trade with someone, but this time the price was the same as the one on the p2p platform.

Observation
Maybe if the card details worked the price of USDT will be cheaper than that of p2p; but why require additional information apart from card details?

It is Treasura that Kucoin is referring to which I saw on kucoin through the web:

When I heard "Bank transfer", I thought maybe the new deposit option initiated by Kucoin will be using the bank dollar rate of #770 currently, but mere seeing this image given above, just got me slowly discourages from giving this a try, as I see no difference between this method and the p2p, as both still uses the black market of #850 to #877 per 1usdt. Which I was thinking of giving this a try for an arbitrage opportunity.

How, I think "Remitano" also accept both bank transfer (Deposit & withdrawal) on their Naira wallet, which works effectively in few minutes

That is,
#10,000/11.4USDT =#877

Which means on "Treasura", 1usdt is been sold at #877

6.

My people, una don hear say CBN don direct all banks to lift all the restrictions wey them sama give some accounts wey dey do business in cryptocurrency and other finTech. To me. This na better news for us wey dey for the crypto industry.

Make una no forget say, the action of CBN be slow down cryptocurrency businesses and activities for our country as many people who for dey use crypto come dey comot body to avoid wahala from our government. Even GTB been carry the matter for head come dey close account of people wey them notice say na crypto or forex them dey do.   But as e be say them don give greenlight say people dey free to use crypto, we go dey expect say crypto will have greater penetration for our country and that na good thing.

This na the article for people wey wan read the full gist:
https://www.primebusiness.africa/cbn-orders-nigerian-banks-to-lift-restriction-on-accounts-of-crypto-other-firms/

My people how una see the matter?

We have people of wisdom in Nigeria, but why the process to do something correctly is hard in the country. Nigeria need to be fast on regulating cryptocurrencies. The suspended CBN president failed to see how Nigeria government will earn from regulating cryptocurrencies, how cryptocurrencies will increase Nigeria economic growth and development and how it will increase employment. Even without regulation, employment increased and many Nigerians depends on crypto job as of today.

Our problem for this country just circle round the former CBN governor, dat guy was a cancer in our economy. Nothing wey him do wey favor the economy of the country. Na only to dey put laws wey go take us backwards na wetin sabi. What's the need of taxing crypto when it isn't regulated in the county. Na only money mata wey we dey rush sign, we no go do the one wey go make the citizens survive and encourage more business and people to enter the cryptocurency market. E dey do me like say the government rush passed that taxation bills so dem fit dey suck all this crypto companies wey dey country dry.

Dem no go create a conducive environment for business to prosper with regulations yet dem wan dey tax dem. The taxation no be bad thing oh like e good say government dey take tax as na very good way for government to dey gather money way dem go use package the country but what about the regulations of the industry. To do business for this country na big wahala. As of now the taxation wasn't necessary or abi US dun passed their own taxation bill because this country sabi follow follow (maybe na why dem hurry go pass the bill). Anyway sha I just hope say as the taxation bill dey take effect e go make governments to begin reason regulating the industry.

7.

I no too understand di different kinds of lightening networks, wey @charlestin de explain, but dat one no go be problem, na to research and understand am better.

I know say charles-tim don reply you but I just wan add say de one wey him dey talk na LN for wallets like electrum.

E get plenty people wey been dey criticize Binance say dem never add Bitcoin lighning network as part of the services wey dem dey offer, so e good as dem add am, and i believe say now wey Binance don add am, many exchanges go also try add am in the future.

Kraken, OKX, Bitfinex na some of de exchanges wey don already dey support lightning network, so na beta development say de world's largest exchange don follow suit. De integration of LN go benefits Binance users and maybe increase their user base. From de reaction of de news from some of their users, I come realize say e get some people wen dem wan send small amount of bitcoin to anoda exchange, dem dey like convert am to anoda coin wey d withdrawal fee dey minimal like TRX before dem send am, and trade am back to BTC wen de deposit successfully reach de exchange. But with de integration of LN and as many exchanges begin to support am e go help users to swiftly withdraw and deposit BTC.

This is gud. But I don't think the way the lighting network works in other non custodian wallets will be the same way Binance will also use it.

I think de only similarities be say you fit generate invoices wen using either of dem and send BTC from CEX 2 CEX, CEX to non-custodial wallets and vice versa. But LN for non-custodial wallet get im own added benefit or advantage and Charles-Tim don already explain am.

Binance is a centralized exchange platform which is mainly for business and profit making. So that free transaction that happens in other wallets might not happen in Binance because they need profit in dealings.

Any person wey dey run any business na to maximize profits and Binance is no different. De free transaction fee no dey available for Binance and oda CEXs.

One thing I always afraid of using Binance to send coin is the transaction fee. Their transaction fee na to kill person oboy. But e fit bi sae LN can reduce it.

In terms of transaction fees, I feel say Binance dey try wen compared to oda exchanges. I neva really compare de transaction fee with oda exchanges but 0.000002 BTC no bad.

8.

I just received this information for my gmail, and e dey KuCoin website also. I dey sure say e go dey useful to all of us wey dey dis board na why I say make I drop am here. KuCoin talk say then go make kyc mandatory for new members wey just dey create account with them, so if you be new member you go need complete your verification before you go fit dey use your account, no be like before wey you no need submit any documents before you go fit use KuCoin.

Dis one no shock me say this update dey come out just before the bull market wey be say investors go begin full the crypto market wey dey come ahead. E dey always surprised me when Kucoin no be decentralized exchange but an average player for the centralized exchanges industry yet e still dey run no KYC parole and SEC never come for them. Well I been know say na just a matter of time before dem go join others dey begin dey make am compulsory say make we all run our KYC verification. See eh e no bad when this centralized exchange dey request am because they're mandated to know their customers to avoid any mumu business wey men wan use their exchange dey run.

But for the sake of privacy, those KYC no make sense and that's why we get other options wey be say people fit dey use and they stay anonymous. I just dey pity kucoin exchange because some of their customers na people wey dey run away from all this KYC wahala so as kucoin before no been dey request am. Men begin dey use the exchange but now wey dem dun join others to request KYC it means they no get advantage again and it's better to use a well recognize exchange wey be say get plenty volume than now using kucoin when you go still need to verify your KYC. Kucoin dun fuck up although I no blame them.

9.

I was greeted with one of the most relieving news of the year today "The limit on the domiciliary account has been lifted." No doubt that cryptocurrency has helped in place of a domiciliary account for cross-border payments, but certainly not in the area of savings in the USD with confidence, that's at least for me as the security of my money is important.

The limit restriction introduced by Emefiele's CBN in May 2021 must surely affect those of us that have been saving in dollars before cryptocurrency. This savings approach is good since it doesn't devalue our money and we also get to gain through it, and also with the hope that we can send our money anywhere in the world if need be. But suddenly, Emefiele made sure that our savings could not be transferred abroad anymore if sorted at home or use as we like, he scattered the whole process.

With this news, it shows that the new CBN acting head seems to know where some of Nigeria's problems lie. Causing more hardship is not the economic solution but allowing the market flows freely after making positive policies is. This restriction removal means that I can save and use my dollar like before.

You can try this too as a good option for saving in fiat.

Besides, another pressing issue that needs major attention by the CBN is that of the Naira debit and credit cards. These cards are now worthless in Nigeria, but all were working in cross-border swapping arrangements before Emefiele restricted them and caused more hardship for Nigerians in payments, especially where cryptocurrencies are not accepted.

People now use either third parties for payments of something that supposes to be private, and as such, pay more, or are forced to use the dollar version of the cards which goes with more issuance and maintenance fees thereby enriching the banks more.

It will be a great relief if the CBN could do this for Nigerians. They don't have an excuse anymore after removing the fuel subsidy.

10.

I'm aware they have issues and I only cited it as an example.

Which means it is not the right time to mention Patricia. The exchange is not functioning right now and the exchange hold customers funds, while we do not know if the exchange is going to pay it or not. I am surprised that you have not excluded the exchange.

First since the creation of this thread I have gone into research to see the financial act and what it entails because I am sure cryptocurrency is not mentioned their in and I wanted to ask the ops to share a link to the information he posted...

https://pwcnigeria.typepad.com/files/2022-finance-bill_hor.pdf



I just went through it as fast as possible, I have no time to read it in details yet, but I saw that cryptocurrencies are mentioned under chargeable assets.

cc: theymos
      Cyrus

I need you to pay for this subscription its worth only $2.95, i don't use PayPal and my current debit card is restricted. I will refund you in BTC  

website> resume.io

payment> PayPal and card

I will provide you with the log details.

Thanks.

[considered as a donation]

[banned mixer] Mixer Review Program #2
Bitcointalk username: Igebotz

The website overview:

This is my first review of this project and my first visit; the UI/UX design is extremely nice, easy to browse, and the option to change between dark and white mode is what initially draws my attention. Because the other mixers I use do not have this option, you have a +1 edge.


Mixing experience

#Mix 1

Browser used: Mozilla Firefox Browser
version: 118.0.1 ( old version)
system: 64-bit
security level: Basic
Receiving address(s): 1
Amount mixed: 0.003BTC
service fees: 1.76%
order ID: VAGL4GVP-6HL***
Delay time. 59mins


#mix 2
Browser used: Brave Browser
version: Version 118.0.2088.57
system: 64-bit
security level: Premium
Receiving address(s): 1
Amount mixed:  0.003BTC
service fees: 5%
Order ID: 9OJ66AOD-3WM***
Delay time. 1hr:30mins


The process runs smoothly on both browsers, as I had no issues with the site while using these browsers with VPN, but where I had some issues, which is not something I would have done if I wasn't an experienced user, I would have moved on to the next available mixer that didn't require me to set up my own mix manually. I'm the type of user who wants whatever I'm paying for to be set up automatically without my intervention (and perhaps an edit button for those who prefer to put it up manually). If I'm paying for the premium service, I expect the system to recommend the ideal mixing time and anonymity level for what I'm paying for rather than requiring me to set it up manually. What's the point of paying for Premium if I can still choose my own level of anonymity? As previously said, a newbie with little experience will ultimately hit a roadblock here.




Letter of Guarantor

The way it's been placed is similar to other mixers I've used, and the way it's been placed, one may easily forget to download it; it should be programmed in such a way that downloading it is mandatory before starting to mix. If you want to be the champion in this field, you must do things differently from your competition.

Mixing fees


The premium 5% fees is unusually high; most mixers' higher max is 2.5% - 3%. My current mixer charges a maximum of 2.5%, so why should I pay 5% for your premium service when I am able to pay half that fee elsewhere? What distinguishes your premium service from the competition? This is an honest question, and I need to be convinced of the need to pay 5% for your premium service.

FAQ

I'm not a native English speaker, but I could tell right away that there was a grammatical issue since the original sentence makes no sense. The one that has been fixed should be updated.

After the creation of the order, you will see the minimum and maximum amount for the transaction, which is from 0.001 up to 10 BTC. In case you sent us less than the minimum, that would be concerned that a donation considered as a donation. In case you would like to mix a higher amount, please feel free to contact us through the support form, and we will answer you as soon as possible.

Support.

I got into some minor trouble and chatted with support, it took them some time to respond back after I submitted my letter of guarantor for verification, and when they finally responded, he/she stayed up with me and was very helpful and made everything very clear to me, i got my initial deposit below the minimal deposit back despite a mistake on my end, i input the wrong digit despite it being clearly stated that a deposit below the minimal will be considered as a donation. I'm not sure why you guys didn't follow through on that; I was delighted to get my coin back, but rules are rules, and if you don't have the courage to follow them, don't make them in the first place. That's my princple


Conclusion/recommendation

The site is quick and simple to use, and aside from a few minor issues that I raised, the mixer market is fiercely competitive, and you don't want to leave any stone unattended. Take into account any recommendations and concerns offered.  I'll try it again in a month and then provide honest feedback on Project ANN.

I'm curious about the forum's membership reduction and what can be to blame. A community with 3.5 million registered users has 2.7 million banned/nuked accounts, 700k accounts are dormant, and just 56k individuals have been active for the past three months. I did some analysis and there is a somewhat high chance that the forum will disappear before 2030 if the information on https://bpip.org/ is accurate. Since the forum is losing traffic each month, which is awful from a financial standpoint, I'm wondering what might be the issue.



unfriendly environment for Newbies/users ?

DT members oppression ? ( so much red than green these days)

The merit system (high demands for quality) ?

The moderation/rules ( using the ban button more often) ?

Low Bitcoin adoption ?

Lets Talk...