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1  Local / Nigeria (Naija) / Local crypto exchanges go fit survive for Nigeria? on: March 16, 2024, 09:08:46 PM
The Securities Exchange Commission of Nigeria (SEC) don reason to increase the registration fee for crypto exchanges from ₦30 million ($18,620) to ₦150 million ($93,000). E be like say Nigeria nor want make local crypto exchanges come out for we country cos I nor understand this kind leg wey them dey bring so. We still dey judge Binance matter, them dey another side dey won frustrate tech startups.

https://techpoint.africa/2024/03/15/registration-fees-crypto-exchanges-increased/
2  Local / Nigeria (Naija) / How we fit benefit from FG clampdown on Binance? on: March 15, 2024, 09:42:10 PM
The whole country know say federal government dey give Binance serious wahala for the past one month now. Them say the exchange follow make naira dey fall. How them take reach that conclusion I nor know but that one nor be wetin I won discuss with una today. As kasala don jam Binance, e nor go bad make our local crypto platforms step up to fill the space wey Binance don leave. Bitcoin Chief, Patricia, Roqqu and the rest for seize the opportunity, add more features to their platform, instead of just being p2p platforms, them fit become exchanges. With the problems Binance users for Nigeria dey face, e nor go hard for them to get the volume in a year or two.
3  Local / Nigeria (Naija) / CBN don don eye 6,047 BVNs for 419 matter on: December 27, 2022, 02:51:21 PM

CBN don come out say them don dey investigate accounts way them dey suspect say dey into one or two mago mago for we country. Since CBN bring bvn come for 2014, everybody gats do am to verify their bank account. The BVN really help reduce those ghost worker accounts way government people take dey chop our money. Already CBN put law say any transaction above 5m for individual account make bank report am. But like this, the way e dey go this their regulation go soon start to dey affect the common man, we know as them dey sabi misuse power for here…them go leave the criminals way them suppose pursue come dey harass innocents. Na who nor carry e money comot for traditional bank anything way e see make e take am.

https://punchng.com/cbn-monitors-6047-bvns-over-suspected-fraudulent-transactions/?amp
4  Bitcoin / Bitcoin Discussion / 1 year of accepting crypto payment in my fashion store on: July 29, 2022, 07:21:31 PM
It's a year since I started accepting crypto as payment . I will show you how I operate and also how you can accept crypto payments as a small business owner. I run a fashion store, we make African prints, suits, shirts and trousers. This is a popular business in Nigeria, I needed a edge in the market to better my competitors. A greater percentage of my customers are within the age of 20 - 47, this category are people who are tech savvy and open-minded. Nigeria is one of the biggest markets for Bitcoin. This survey led me to make the decision of accepting Bitcoin payments in my business to serve the increasing number of crypto-paying customers.  I recently made a catalog of Bitcoin wears available for preorders https://bitcointalk.org/index.php?topic=5121680.msg60641685#msg60641685. It's been a one hell of a journey and I would like to share with y'all.
 
How to Get Started

Step 1

Choose a good wallet
Use a wallet you're familiar with. Do not be experimental with wallets, use a highly secured wallet and keep your keys close to your heart.

Step 2

Training my staff

Keeping in mind I can't be everywhere at once, my staff needed to have basic knowledge about crypto. So they can offer assistance to  customers when they need it and also show the newbies how to buy Bitcoin and make payment. Quality customer service is important, you don't want your staff to look confused on the job. That’s poor customer service.  Bitcoin transactions are irreversible, you can't afford to make mistakes.

Step 3

Advertising & Promotions

Getting word out that you now accept crypto payment is important. I rebranded my shopping bags to include crypto images. Also I had a the billboard in front replaced with an new one that says we accept crypto.   Discounts on certain items were given to encourage more customers to use crypto as payment. When a customer buys goods worth more than $100 worth of Bitcoin, they are given a free voucher to shop $10 free.

A typical crypto transaction at my store look like this:

1.The cashier gives the customers a Bitcoin QR code to make payment

2. The QR code is customized to tell customer’s crypto wallet where to send the bitcoins and how much to send.

3. The Bitcoin payment is confirmed by the cashier.

Challenges

The only down side I have experienced is the price volatility of Bitcoin. This has a huge effect on the business, because you need cash to run the business. Do you convert to fiat immediately or do you hodl the crypto payments you receive? If you choose the latter, how do you keep record of your actual profits? For me, I save my money in USD because of the unstableness of the naira. Accepting crypto payments has been of great benefit to me, crypto doesn't have an off-day like the banks do not work on weekends and the network on weekends are usually terrible, crypto payments saves me the bank trouble.

Advice

You don't have to know everything to begin, just start. When I started, I used electrum wallet to receive payments. Then I got to know about lightning network, which I adopted. I have recently become acquainted with a crypto exchange in Nigeria. I'm considering a deal to create a merchant account with them as a payment gateway.

5  Bitcoin / Bitcoin Discussion / My class had their first practical Bitcoin exercise on: July 12, 2022, 05:55:13 PM
A few months ago,  I made this post here. And after reading all of the suggestions, this is what my class did on the last week before the Salah break.

I teach a class of forty students. To begin the class, I needed a projector, 10 computers and my personal computer to use as an example. I had to rent the computers for the day, that morning I downloaded Electrum wallet ( because it's my favorite) on all of the laptops and made sure the program ran smoothly on the PCs.

All Good!!!

The morning of the lesson, I divided the class  into ten groups of four with each group having a laptop each.  The 10 laptops were evenly placed across my classroom.  I had the advantage to do this before the assembly meeting because I had the first period. We began the class with a little revision. We watched Bitcoin Q&A: How Do I Choose a Wallet? by Andreas Antonopoulos on the projector.

The instructions for the exercise were as follows:

1. Create a personal wallet on Electrum

2. Write down your private keys

3. Each student is to decide how best to store  their private keys

4. Sign/Verify a message with their address

Observations

The students were impressive, the exercise didn't take them long to complete. Some of my students who had taken a strong interest in bitcoin before the lesson were already familiar with Bitcoin wallets and had a very easy time using electrum. I observe they were not very secretive with your private keys - a point I will emphasize more on in our next class. Electrum wallet seem boring or should I say less colorful for them. I could see they enjoyed signing a message with their address, they had the same expression as when they first did "Hello world!" program on fortran.
My only regret is the students didn't have the opportunity to o perform a real transaction with their new Bitcoin wallets. Unfortunately I don't have enough bitcoins to splash for them to practice how to send/receive Bitcoin.
 
6  Bitcoin / Bitcoin Discussion / My Bitcoin teaching approach on: May 03, 2022, 06:39:41 PM
Wondering what I'm doing here? To give a little back story, I have been assigned to a secondary school (high school for those in the United States) for my national youth service as part of the  mandatory one-year programme for graduates of tertiary institutions. I have been assigned as computer science teacher for the senior class in a school where there are no computers. I guess the students are expected to learn only theory and let their imagination do the rest. I want to give the students a different experience other than the one they are used to. I'm a Bitcoin guy, I wear a Bitcoin shirt to work. I'm practical about bitcoin and want to integrate Bitcoin and crypto as topics in my teaching practice. I am preparing a course outline and borrowed some beginner topics from bitcointalk. I will be borrowing computers from nearby centers for class projects when the time comes. I don't know what to expect from the students, any suggestions will be appreciated.
7  Other / Beginners & Help / [Guide] Using Blockchain Explorers on: February 10, 2022, 08:22:09 AM
1. How to use Blockchair to generate account statement
You know how we Bitcoiners  like to say, "You can be your own bank with bitcoin" well you can do that and account for every coin that comes in and goes out of your wallet. If you're required to pay taxes in your country for bitcoin, this will help. You can also use this feature to monitor your hodlings from signature campaigns. And serve as a tool to know one's psychology on hodling coins.


Go to http://blockchair.com/

You can simply enter the bitcoin address you want to search (for the purpose of this guide, we will be using this address as an example
bc1qxy2kgdygjrsqtzq2n0yrf2493p83kkfjhx0wlh)
and it will give you a output like this

Click on generate wallet.


Select the time period you want the account records


You can download the account statement in pdf format.


This is what the account statement looks like.  The time, amount of each Bitcoin and fiat value is indicated as well as the Bitcoin hash rate.

2.How to find the fiat value of a transaction at the time it was received?
Blockchair displays the value of inputs and outputs at the time the transaction was made. That means you can know the fiat value of bitcoin traded at a particular time.
Scroll down to transaction history. Click on sender and recipient. The fiat value will be displayed as it is in the image below



3. Want More Privacy?
Blockchain explorers may or may not  be giving away your privacy when you use them. If you want to be completely anonymous  use a TOR browser and a strong VPN service to access explorers.

I hope this pictorial guide help someone find what they are looking for. Cheers
8  Other / Off-topic / Do you have a separate phone/PC for crypto? on: September 01, 2021, 05:40:00 AM
I spend a minimum of  8-9 hours a day on my mobile phone. I have one mobile for bitcointalk forum/trading and another for my normal day-day businesses. This is a measure to secure my bitcointalk account and trading accounts from hacks, viruses, phishing hacks and attacks from public WiFi e.t.c this is a safe practice to protect one's information. Do not make the mistake of overlooking your data privacy.
When I pick up my mobile, I automatically focus all my energy here regardless of what may be happening in my surrounding. I never leave my phone unattended. It's locked and secure whenever I'm busy with something else. If you can't afford a second phone, you can follow the tips stated in this article
https://www.webroot.com/us/en/resources/tips-articles/how-to-prevent-phone-hacking-and-sleep-like-a-baby-again

Avoid unsecured public WiFi. Hackers often target important locations such as bank accounts via public WiFi that can often be unsecured due to relaxed safety standards or even none at all.

Turn off your autocomplete feature. By doing this, you can prevent stored critical personal data from being accessed.

Regularly delete your browsing history, cookies, and cache. Removing your virtual footprint is important in minimizing the amount of data that can be harvested by prying eyes.

Have an iPhone? Enable Find My iPhone. By turning the feature on in your settings, you’ll be able to locate your phone if you misplace it before the hackers can lay their paws on it.

Use a security app that increases protection. For Android owners, Webroot offers the all-in-one Mobile Security for Android app that provides antivirus protection and allows you to remotely locate, lock up and wipe your phone in the event you lose track of it. For iOS users, Webroot also offers a free secure web browser for increased mobile security on your iPhone and iPad.






9  Economy / Reputation / Upgrade to Senior member rank - Congratulatory message on: August 28, 2021, 06:52:27 PM
I feel like I won the Grammys so I have to give my thank you speech  Cheesy I want to acknowledge all of the members who are here because you represent the thousands millions of bitcoiners who keep the bitcointalk forum alive. A special thank you to Ratimov for his selfless sevice, giving a helping hand to newbies and those in need of certain merits to rank up. CryptopreneurBrainboss, ddmrddmr, yahoo62278, fillippone I can't mention everyone but thank you. This thread is a note to self and a motivation to fast rising members. I summarized my message in this short note;
In the cold winter of 2020
Gave birth to a Bitcoin baby
Raised by this household
Bitcoin baby learnt to hodl
Alas baby is growing fast
But still needs a helping hand
All the way till he becomes a man

10  Bitcoin / Bitcoin Discussion / Accepting bitcoin as payment for my business on: August 23, 2021, 11:23:09 AM
I have been in the forum for some time learning different aspects of bitcoin, now I want to be more practical about bitcoin as a currency. I introduced crypto payments for my business and have been making sales lately. I'm in the clothing industry and I believe in crypto. I have my wallet addresses and barcode printed at the door and pos! For now, I accept Bitcoin, usdt and Etheruem. These are 3 popular coins in my community.
So far customer feedback has been good. Some people are glad to be able to use bitcoin to actually pay for a service, Nigeria is a growing market you see. In addition it has also got my business attraction from customers who are in the crypto space. The challenge though is the issue of transaction fees, 8 out of 10 customers aren't exposed and only use the blockchain wallet. I try to educate them on other wallets with low transaction fees like electrum.
I feel good about this new development. I get to interact with customers about Bitcoin and share ideas
11  Economy / Scam Accusations / Scam Syndicate Exposed on: August 21, 2021, 01:43:08 AM
Introduction
There's a scam syndicate on LinkedIn they claim to be managers/ crypto traders of an investment company known as Ayrextrades
Ayrextrades is a scam company that offers to give incredulous returns of investment.

The Scheme
The syndicate implants so called crypto traders profiles accounts on social media platforms like Linkedin, Facebook, telegram e.t.c. LinkedIn is one of their favorite because it has business people there....potential investors. Their targets are those who have poor knowledge of bitcoin and are convinced to invest their money to get great returns. It will look very legit they will provide you with photo shopped  photos and documents about the investment. When you try to withdraw the profits from your investment you will not be able to, only then you realize its a scam
Scam Profiles
1. https://www.linkedin.com/mwlite/in/austin-richard-69303a1a6



2. https://www.linkedin.com/mwlite/in/christopher-robertson-a53a981a9

3. https://www.linkedin.com/in/angela-valdez-620633194


Real Profiles

https://www.linkedin.com/mwlite/in/itecco




https://www.itecco.co.uk/consultants/connor-walsh




 
Scammers Bitcoin Wallet Address
16hN8whHuZywJwMUGoiKRYC2p34SYQrWZ8


https://www.bitcoinabuse.com/reports/16hN8whHuZywJwMUGoiKRYC2p34SYQrWZ8

Conclusion
Scammers are everywhere, there are people waiting in the shadows for you to fall for their game. Do your own research before investing and take a break talk to someone when you feel pressured to invest in something you're not sure of. Be careful of your personal data you upload online the internet is a global village you never know who's watching or stealing your identity.



12  Economy / Scam Accusations / Binariumcrypto is a scam broker on: August 19, 2021, 06:37:15 PM
What happened::  
A little back story; we will call the victim X. X met this beautiful on a telegram group(non crypto related btw) they got talking. After chatting for some days and exchanging pictures she introduces her new friend to an investment opportunity she's been benefiting from. X decides to give it a go
Scammers Website: https://binariumcrypto.com




Amount Scammed: lost $300 btc to this scam believing he would receive his profit if he did as they said.

PM/Chat Logs:













Additional Notes:
X invested only $80 which is a lot in his country. Few hours after investing X was asked to pay $122 to verify his account. The scammers did not bother for kyc all they were interested in was the money. When he refused to pay, he was blocked. This was when X realized he was being scammed.


13  Economy / Gambling discussion / The connection between gambling and addiction behaviours? on: August 18, 2021, 08:57:09 AM
Gambling is staking something of value on a game or event whose result is dependent on chance. Gambling is one of the most insidious of human vices, as it presents the illusion of easy money yet can quickly lead to financial ruin. The odds are never in your favor whether it is poker, blackjack or anything else; gambling is a successful industry because the house always win.
 A study from psychguides.com evaluation shows that and I quote "People with a substance abuse disorder are more likely to have a gambling disorder. Alcohol use disorders are particularly common in people who are diagnosed with a gambling addiction.
Alcohol disorders have been found to have the greatest link to gambling addiction, and alcohol is served at most casinos.
On the flip side, one pattern that is commonly seen among people with a history of alcohol dependence is the development of a gambling problem—even after being in recovery for many years.
Additionally, gamblers may use drugs and alcohol to celebrate a win or to cope with depression after a loss. Some also use it to deal with the guilt and shame associated with gambling.
Gambling and cocaine abuse may occur together as part of a broader antisocial lifestyle. A person who uses cocaine may view gambling as an acceptable method to acquire money to support their drug habit. They might also have increased energy as well as an inflated sense of their gambling skill because of cocaine use and believe that they can’t lose".
Is there a gambling pattern that eventually leads to one of these addictions?

https://www.psychguides.com/behavioral-disorders/gambling-addiction/symptoms-and-effects/

https://www.psychguides.com/behavioral-disorders/gambling-addiction/
14  Economy / Scam Accusations / slush-coin.com/ is a scam [picture story] on: August 17, 2021, 05:10:17 PM
What happened::




Scammers Website: https://www.slush-coin.com/

Amount Scammed: lost $50 btc to this scam believing he would receive his profit.

PM/Chat Logs:



























Conclusion
Luckily for my friend Varun, the amount lost was small investment of $50 and damage was minimal. Although the scammers intended to raise the stakes higher to $250 but Varun has already learnt his lesson
15  Other / Meta / Scam campaigns should not be allowed to stay on: August 16, 2021, 05:51:25 PM
The forum is guided by rules, without this rules it would be total chaos and anarchy as any lawless community would be.
Most giveaway threads are no longer allowed in the Alternate cryptocurrencies sections. From now on, posting or replying to such threads could result in being banned. Existing threads will be locked.

Specifically, you are not allowed to give people any incentive to post insubstantial posts in your threads. You can't offer to pay people who post their addresses, usernames, etc. You can do giveaways off-site and link to the giveaway page in a thread, but you can't give people any bonus for replying to your thread.

Similar threads are already restricted to Games and Rounds in the non-altcoin sections, but the giveaway-related post volume is so high in the altcoin sections that I've decided to just ban them entirely here.
I have a question for the house if giveaways are banned why can't scam signature campaigns be banned or totally removed from the services board? Lately there have been some sig campaign that have been associated with scam allegations. If left unchecked, it may get out of hand and more alts will be created for the singular purpose of participating in such shady campaigns with high pay. Negative trusts aren't doing much to stop participants from promoting such campaigns as greed overtook them. I reckon its time to employ a more aggressive approach say the same ferocity we use for giveaway threads. If companies want to advertise their product/services, at least they should respect and obey the community rules. What do you guys think?
16  Economy / Reputation / Red Trust Signature Campaign on: August 12, 2021, 02:19:16 PM
I found another campaign (Betking.io Signature Campaign) on the service board that has scam allegations that is yet to be resolved. The manger of the campaign is a newbie. I believe the account was created just to manage this particular campaign. The account bought copper membership same day the campaign was launched.
Already it has 8 red trusts and those who applied for the campaign are also receiving their own reward of red trusts. I can't help but compare this campaign to 1xbit campaign which has been trending for some time. They have numerous scam accusations but they are still active on the forum. I call them the "red trust sig campaign" because anyone that joins their campaign gets a red trust. 
17  Economy / Scam Accusations / Bitcoin Mining Scam on: July 27, 2021, 08:30:43 AM
What happened::
This is a case of bitcoin mining scam. The scammers post a drafted testimony on Facebook how they got rich investing in Bitcoin mining. They spam pages and comment box with the same message hoping to catch a victim.

Scammers Website: www.cloudfxbitrade.com
Scammers Profile Link:



Amount Scammed: This guy lost $900 worth of btc to this scam believing he would receive his profit.

PM/Chat Logs:

Additional Notes: [/b]
Bitcoin mining is a scam, a old scam. Initial investment was $200 ..then "James" said the company changed to $300. So he had to pay another $100. "Mining Brick exhausted" That was the message in his account. So "James" ask again to add $1500. Which the victim opt to $400 instead and of course "James" accepted. After some days "James" came up with another story to exploit his victim once again but the scam has been discovered.
Word of Advice: Never invest in something you do not understand. Someone tells you about cloud mining do your research before bringing money to the table.
18  Economy / Exchanges / Manipulation in Binance Futures Trading on: July 26, 2021, 02:25:56 PM


Bitcoin got to $48,000 on the futures market and yet my sellborder at $40,000 wasn't triggered. I wonder how this happened without my sell order closing? Is Binance trying to manipulate the market because I'm sick of exchanges trying to liquidate traders
19  Other / Archival / Test on: July 24, 2021, 06:41:55 PM
D.
20  Bitcoin / Bitcoin Discussion / Bitcoin is more real than money in the Bank on: July 21, 2021, 09:55:44 AM


Few years after forcing everyone to take their gold to the bank, the US president, Nixon in 1971 stopped everyone from having the right to convert their gold to fiat. Isn't that stealing? Government resent bitcoin because they can't control it like they did in 1971. Very soon, it will be illegal to own bitcoin in some countries, not because bitcoin is bad, but because bitcoin gives you the power to own your money. Bitcoin is more real than your money in the bank. Be your own bank by investing and learning about bitcoin.


https://www.federalreservehistory.org/essays/gold-convertibility-ends

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