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1  Bitcoin / Bitcoin Discussion / Deadliest Bug in Bitcoin history on: September 17, 2020, 10:11:53 AM
The most devastating Bitcoin bug in history was the 92 billion Bitcoin that was created from out of thin air. This hack was as a result of security flaw that was found and exploited by the anonymous hacker. Going by todays Bitcoin price the hacker should have been swimming with trillions of $dollars and the wealthiest person on earth. This hack was made possible because of a number overflow error. This hack caused pandemonium among Bitcoin community and thanks to Bitcoin enthusiasts who were able to arrest the case without a major damage to Bitcoin.
The hacked 92 billion Bitcoin transactions were all cancelled and the Blockchain was roll back to its pre-hack state. source

The question is, assume this hack went through and transactions successful, will Bitcoin still remain the same as it is now? Considering the fact that, there are only 21million Bitcoin programed to be in circulation.
  
Below threads depict the zeal’s among Bitcoin community in the recovery of this incident; can’t the same community help in recovery funds whenever there’s major hack in the network?.

Strange block 74638
overflow bug SERIOUS
Version 0.3.10 - block 74638 overflow PATCH!
2  Economy / Trading Discussion / Don't trade if you're inexperience rather stake your coins. on: September 16, 2020, 08:17:47 PM
Trading cryptocurrencies isn't meant for everyone dude, to me, trading looks like charming stuff but most dangerous to inexperience traders. Recently, I saw a potential signal on Binance with CHR but was disappointed after my order as the altcoin get dipper. I regretted my actions as staking altcoins would have brought me good rewards. Don't trade dudes let start staking our little altcoin stash. Despite our efforts to ensure we make some progress, the industry doesn't give us a chance. As an inexperience trader before now,  how do metamorphosed to become experience in trade?.

 Does it mean inexperience traders aren't born to trade?.
3  Economy / Gambling discussion / Have you committed, or considered committing, illegal act to finance gambling? on: April 25, 2020, 11:54:24 AM
Just wondering how humans(Gamblers) can be so cruel in satisfying their wants to others detriment. This keeps me wondering if there are still gamblers who haven't carried out an illegal act just to satisfy their urge in gambling.  Something happened in my neighborhood today: A Man who we'll know as a good neighbor has just been arrested for stealing during this lockdown period, this was done because he gambled a day before yesterday and lost. According to him, he wanted to steal the funds to get back his lost but was caught in the process and had been handed over to the local police for further investigation.

He's just a public victim here. Although, many wouldn't like to share their experience with us on this, because of their reputation, but will appreciate the sincere response from forum members in this regard.

Have you ever carried out an illegal act just to finance your gambling? Remember this: many have stolen from their parents or from friends to finance their gambling, were you caught or not?  Share your experience with the us and equally advise when necessary.
4  Economy / Gambling discussion / Did gambling cause you to have difficulty in sleeping as a gambler? on: March 22, 2020, 05:36:26 PM
 Cry This is my personal experience: I am a gambler who loves gambling mostly on sports betting and have had series of experiences which some a positive and others negative but for the purpose of this thread; I am going to talk about my negative experience.

Just a few days ago, the government of my country made an announcement about stay at a home policy which made me get boredom. During these few days, I have been involved actively in gambling mainly on virtual sports betting which I have lost beyond my imagination.

At first, I lost a whopping sum of #30,000 (NGN) in a local currency, I played some games and won with some good profits which I used to Carter for the family but went the next day to meet my Waterloo during which I lost the said amount. This has affected me and caused me a sleepless night because the said money wasn't for me but the entire family for upkeep during this trial moment. I am regretting my loss because the remaining members of the family aren't aware of this loss. This has not happened to me before now until this compulsory self quarantine from the government.

To my co-gamblers: these days are tempting, ensure to be more careful with your savings and "never gamble what you can't afford to lose"
5  Bitcoin / Bitcoin Discussion / Bitcoin still a Safe Haven, haters aren't saying the truth. on: March 14, 2020, 09:03:27 AM
Bitcoin fell some days ago and many were of the opinion that, there's no need to hold the said cryptocurrency because it was not able to stand against the coronavirus epidemy. During the crash, the percentage of the fall was more on Bitcoin than the fiats(stocks), but reasons be that, The US Fed injected into the crashed market $168bn which in percentage is more than the current investment on Bitcoin. Possibly, this was the major reason while the fall was more on Bitcoin.

“It may sound crazy, but I think it takes $700bn to over a $1tn to stabilize the markets. The last few weeks are a prime example of why digital assets, namely Bitcoin, have a place in the global markets.”  Bill Herrmann.

No doubt that Bitcoin is a Safe Haven and not what others speculated about it being weakest  during the crash.

Do you still insist that Bitcoin isn't a Safe Haven?
6  Other / Beginners & Help / Help to recommend Blockchain book, Python on Amazon, please. on: March 02, 2020, 03:23:32 PM
Am happy to belong here and have learned many things around this forum and still learning new things. At this junction, expanding my focus towards Blockchain and Python programming are inevitable as such, need good experience forum members to recommend me some good and productive books on Amazon. These books should be enable in shipping to Nigeria, precisely Abuja FCT.

NB: recommend me books and not to spam my thread, thanks.
7  Bitcoin / Bitcoin Discussion / Take a look at this and stop fooling to FUD on: February 24, 2020, 01:55:09 PM
 Although am not a good chart reader, but always try to pick some curves around any chart to digest internally and manifest when am done. According to the chart below, from the first and second bitcoin halves, something is unique about this event; its always on a ride to ATH. A careful look at the third Bitcoin halve which is coming 11th May 2020, I begin to see reasons why I must not sell any sat in the name of survival, let me go hungry for the now Grin

Does this mean we're going to hit something like $60,000? Or $280,000?; Hold on, I have to start accumulation theory in other to swim in the bubble days. If it takes me selling out my company assets to buy more Bitcoin I would do better than human will comprehend.
There's nothing good like grabbing free Internet money(Bitcoin).

8  Alternate cryptocurrencies / Altcoin Discussion / Nigeria Start-up Blockchain and her policies. on: February 18, 2020, 03:00:52 PM
Well, the efforts from Africans in building their future with Blockchain has started yielding more fruits and bigger fruits yet to be seen. The third world countries have eventually found hope and rescue from digital currency, ready to exploit the entire market to gain freedom from her oppressors.

Although the government of Nigeria hasn't gotten into Blockchain because they haven't come out open to make it known. This is my first time to see a Nigerian opening coming out to have a start-up and raised $15M and another $127M. I see this as an achievement on our part and share it with the community.

For those who actually understand the government of Nigeria and what they are capable of, what do you think will be their reaction to this progress? Putting into consideration our CBN policies towards technologies.

Read full story here!!
9  Alternate cryptocurrencies / Altcoin Discussion / Altcoins founders need hire one that complement their efforts, please. on: February 14, 2020, 09:31:42 PM
Sometimes ago I was asked a simple question about some altcoins projects existence that fade away with time. In other word, why are many altcoins founders decided to focus on tech undermining what they are called for in life, some are good in generating business ideas but aren't good in tech.  We have seem cases of such with many projects without a tangible result, names withheld.

For any altcoin project to survive and succeed, the founder should understand what his call is concerning the project, they should know where they are good at and participate,  not interfering into others areas of specialization. Probably, Satoshi has business ideas and was also good on tech but others should not follow suits like him/her. This has destroyed many good projects from the surface of cryptosphere and should be voice out. Let every founder place priority over the area he or she specializes in and not doing all things at the same time without a good result.

Here are good examples: Google boys has Eric Schmidt, Facebook has Sheryl and Microsoft has Steve B. Looking at these projects, they survived and still surviving because of the hiring.

Therefore, altcoins founders should hire those techs to complement them on the techs side of the project. We are tired of half baked projects around us without a good case use.

What do you think we should emphasis in this matter?
10  Other / Beginners & Help / The worst part about using cryptocurrencies, Newbies should be more careful. on: February 12, 2020, 01:56:01 PM
The market has started growing up and we are having new friends again, it's imperative to bring to their notice that; having a piece of background knowledge about the good side of cryptocurrency and bad side equally. During my early days, I suffered many losses in the process and while trying to make some transactions. My then app wallet was mistakenly installed which holds some altcoins and a small portion of Bitcoin. Attempt to get my wallet back proof abortive, at a time, my system was compromised and I paid heavily with my Bitcoin.

Therefore, my advice to all newbies is: ensure to write down your password for every account or app you install securely. Keep your private keys safe and secure. Also, passphrase or backups should be noted. When carrying out the transaction, ensure to double-check your outgoing address before sending it.

Cryptocurrency mistakes can be unforgiven when one makes a mistake, it happened to me in my early days in cryptocurrency.
11  Bitcoin / Bitcoin Discussion / $39 Million Worth of BTC Will Be Auctioned Off by US Government on: February 08, 2020, 10:18:34 PM
The united State Government is about to release $39m bitcoin worth for auction to individual who win the bid. According to the news; these bitcoin  were the ones seized from cryptocurrencies scammers around the industry and with those who were indicated of fraud. Here is my concern:
 
What you don't like, you don't need to eat.

Another concern; will this going to bring down the current bullish of Bitcoin if executed?

I would suggest that, they redistribute this Bitcoin to the community or to help the less privilege. This can also be use to support China against the fight of CoronaVirus.

“The USMS will notify the winning bidder(s) via email with instructions for the next step to complete their transaction the same day as the auction, even after 5:00 PM EST. The winning bidder must send the purchase price funds (less the deposit amount) by a wire transfer originating from a bank located within the United States and provide a wire transmittal receipt to the USMS by 2:00 PM EST, on Wednesday, February 19, 2020.”

Full article is here!
12  Alternate cryptocurrencies / Speculation (Altcoins) / Was Ripple the cause of this bullish trend? What do you think? on: February 05, 2020, 10:58:02 PM
Ripple had been on the news before this bullish threads started coming into the crypto market, this make me Wonder, if Ripple is the sole cause of this bullish threads we have seen form January to February, 2020. Also, recently Ripple had announced their partner; "Intermex, which will leverage RippleNet – a network of institutional payment providers using Ripple's several payments solutions – to develop "faster, transparent cross-border remittance services" between the U.S. and Mexico."

To have more insight I to this story: Click here for more info
13  Alternate cryptocurrencies / Altcoin Discussion / Ethereum versus EOS January, 2020 on: February 03, 2020, 10:57:46 PM
Probably many cryptocurrencies enthusiast have seen the competive mood this two altcoins have engaged into. Ethereum is currently hosting about 2,746 dAppsve while the next nearest competitor, EOS, is currently hosting 320 dApps. Last month EOS out performed Ethereum on transaction volume inrespective of this few Dapps on the Network. Hope to see EOS taking the place of Ethereum and solving the issues it's yet to solve.


Do you have any contrary view? Kindly share for learning purpose.

14  Alternate cryptocurrencies / Altcoin Discussion / The smallest unit of Ethereum. on: July 20, 2019, 09:15:05 AM
Was just asking a friend who has been into cryptocurrency that, what is the smallest unit of Ethereum and he said Gwei, that makes me confused and quickly do a little research to found out that, it was not Gwei rather Wei, so, i deem it fit to share it here for others to get the correct smallest unit of Ethereum before they mislead others.

As much as Bitcoin smallest unit is 1 Satoshi also is Ethereum which is 1 Wei, but most Ethereum enthusiast haven’t gotten to know about this smallest unit. This Wei can be represented mathematically as 1x10^-18 ETH, which mean 1 Wei = 0.000000000000000001 ETH Smallest unit. Also remember that, Ethereum has 11 known units and the most used units are Wei, Gwei, and Ether.

Source
15  Other / Beginners & Help / Trend carefully while reading Trump Tweets about Bitcoin on: July 12, 2019, 09:18:00 PM
A mans thought aren't perfect and their heart filled with wickedness; haven your own country currency backed with tin air and accusing another of just holding on tin air is unfair to humanity and shouldn't be from an elite like D. Trump.

As a newbie, never listen or read These guys tweets that has to do with Cryptocurrency or Bitcoin itself because they will lead you to the part of destruction and still enslave you and your generation. The decentralization of Bitcoin is what makes them panic as world leaders, remember that, many other notable leaders had one time and the other attacked Bitcoin because of it decentralization. We needed  freedom and were given the freedom by N. SATOSHI, all hail the freedom giver, because they can't control the tin air(Bitcoin)
They are afraid, and this is just the beginning.....
16  Other / Beginners & Help / How we came about satoshi (the smallest unit of Bitcoin) in history of Bitcoin on: June 18, 2019, 03:18:31 PM
Many Newbies misunderstood the word “satoshi” and many of them refer to Satoshi Nakamoto when talking or discussing about “Satoshi” in question.  Here are some few threads that ignorantly talked or discussed about Satoshi Nakamoto, but often use the word “Satoshi”. Whenever we discuss satoshi, we aren’t talking about Satoshi Nakamoto because, staoshi is “the smallest unit that could be recorded on the bitcoin blockchain” and not the creator of Bitcoin.
 
Is Satoshi Alive? ,
Implications of Satoshi holding 10% of bitcoins , Satoshi help! ,
Satoshi Disappear Day ,
Reasons Satoshi probably is, or isn't Julian Assange?

This was the first move by ribuck which was a proposal but, members of Bitcointalk.org denied his proposal on this thread because, it was out of place, due to its nature(Poll). But later he joined another thread which was for "Unicode character for Bitcoin and he asked this question", “What's the plan for subdividing Bitcoins? Do we go in thousands like the metric system (millibits, microbits, nanobits)?”, members where not willing to give an answer to his proposal, and his ideal expired.
 
Feb. 10, 2011, ribuck make another comment in relation to unit account denominations and this time it was done properly on this thread More divisibility required - move the decimal point ,
and eight days later, there was a reply to his question on this thread Bitcent?
created by Kolbas , on this thread a user reinstated ribuck proposal of:

“1 satoshi = 1 microbitcent (smallest denomination)
100 million satoshis = 1 bitcoin
Are we agreed?”

And other users supported, it was agreed that: 0.00000001, will be the smallest unit that could be recorded on Bitcoin blockchain, and it was called satoshi from that day.

What's your take on this findings mate?

Please don't spam on this thread.
17  Other / Beginners & Help / Bull Trap on: June 15, 2019, 01:58:05 PM

Hello Bitcoiners, am a little bit confused whenever I come across Bull Trap; when Bitcoin price start to rise. Is it when Bitcoin price rise without a backed in it volumes? or Bitcoin price rise with a backed in it volumes?.

Also, which of these is suitable when considering investment in Bitcoin?




Purposely made it self moderation thread to avoid signature spam, and to lock whenever i get the clear picture of Bull Trap.
18  Other / Beginners & Help / How easil to detect a crypto scam [for Newbies] on: May 03, 2019, 10:23:34 PM
  • Does the website connect securely over https (not http)? If the address starts with “http” instead of “https,” the data you send to the website is not secure.
  • Can you see the word “Secure” or an image of a padlock in your web browser’s address bar? This indicates that a website is secure.
  • Does the website’s URL have any noticeable spelling mistakes or errors? If so, it could be a fake.
  • Does the site feature bad grammar, awkward phrasing or spelling mistakes? If it does, this doesn’t necessarily indicate a scam, but it does mean you should proceed with caution.
  • Does the website promise abnormally high returns? (For example, does it claim you’ll be able to double your investment?) This should raise a big red flag and is a common indicator of a scam.
  • Is there an “About us” page? Does it show the real people behind the company? Does it provide any details about where the company is registered? If there’s little or no information about who the company is and what it does, you could be dealing with a scam.
  • Do legitimate, reputable websites link to this site? This could indicate that the site is trusted and respected.
  • What do other users say about the website? Are there any negative reviews and, if so, what do they say? The crypto community is usually pretty quick to spread the word about scams.
  • Who is the registered owner of a domain or website? Is the owner hidden behind private registration? Has the domain been registered for less than six months? (You can find this information by searching for the platform’s URL registration details on a site like WHOis.net). The more information you can find about the people/company behind a website, the better.
  • Is there anything else about the website that raises red flags or just seems too good to be true? If there’s something that just doesn’t seem right, trust your gut.

www.finder.com/bitcoin-scams
19  Alternate cryptocurrencies / Altcoin Discussion / JPMorgan Exec Joins Blockchain Gold-Trading Firm Tradewind as CEO on: May 01, 2019, 09:51:06 AM
Remember few months ago, JPMorgan came up with JPM Coin, and now joining the Blockchain Gold-Trading
Firm Tradewind as CEO. What are your take on the possibility of JPM Coin be a hot cake for cryptocurrency enthusiast?

  
Tradewind, a blockchain-powered marketplace for precious metals, has hired a senior executive from JPMorgan to be the startup’s first-ever CEO.

Tradewind, launched in March 2018 with the goal of putting gold trading on a blockchain, was backed early on by IEX, the stock exchange featured in Michael Lewis’ bestseller “Flash Boys.” IEX’s former head of product Matt Trudeau is a co-founder of Tradewind and served as its president (he is now chief strategy officer at crypto futures exchange ErisX). The startup says it’s using the VaultChain blockchain based on R3’s Corda platform.

Tradewind has secured partnerships with such entities as the Royal Canadian Mint and Asahi Refining, as well as funding by large metal producers like Goldcorp, Agnico Eagle Mines, IAMGOLD and Wheaton Precious Metals. It’s raised a total of $19.6 million, according to Crunchbase.

JPMorgan Exec Joins Blockchain Gold-Trading Firm Tradewind as CEO
20  Bitcoin / Bitcoin Discussion / Bitcoin Doesn’t Create Wealth Inequality on: April 29, 2019, 05:46:20 PM
"From a holistic perspective, Bitcoin is the first asset of its kind… ever. It is a decentralized, non-sovereign, deflationary, and uncensorable form of money confined by the rules of a computer protocol, one which was made by a pseudonymous developer. What’s more important in the context of this conversation, however, is that Bitcoin is the first consumer-available asset that has netted its early adopters over 100,000% (1,000x). In other words, BTC could be seen as a medium for the creation of wealth equality, not inequality.

You didn’t have to be a long-standing, recognized Silicon Valley entrepreneur, with a large amount of cash in your bank account to boot, to purchase BTC during its earliest days. All you needed to be was a savvy consumer with an eye for obscure yet revolutionary trends, the mental fortitude not to sell during downturns, and the ability to store coins safely.

But Bitcoin is the only asset that gave those with no accreditation, the majority of investors in America, the opportunity to see a parabolic growth in their wealth."

Source: bitcoin-is-the-first-asset-that-enabled-investors-to-make-100000-gains

Your thought about this information.
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