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1  Other / Beginners & Help / Crypto assets: fears that investors are taking too many risks on: August 11, 2021, 04:35:36 PM
More people invest or buy crypto assets they are less likely to think they are taking a gamble.
A research by the financial conduct authority (FCA) that crypto investors risk losing the lot. Also some 14% of crypto buyers had borrowed to invest, buoyed by reports of big gains, a statistic as "simply terrifying". The eye catching swings in price of these crypto have drawn in scores of investors and led to a swathe of marketing.
Nearly half of investors (47%) last year considered their stake in crypto assets as a gamble, that proportion had now dropped by (9%) to (38%). The (FCA) say, the reason for this is as a result of their investments not covered by the usual safety nets as they were unregulated assets as a result they are at risk of losing all their investments.
BBCNews.com
2  Other / Politics & Society / Nigeria to start piloting digital currency in October. Bitcoin.com on: August 06, 2021, 03:48:26 PM
The central bank of Nigeria (CBN), has reportedly set October 1 as the commencement date for the trial phase of it's digital currency project, dubbed "Project Giant". This digital currency project or the "e-naira" is expected to use the hyper ledger fabric block chain.
The revelation of the launch date for Nigeria's central bank digital currency (CBDC) comes just few months after the central bank governor,  said the digital currency will soon come to life. It also comes after the CBN suggested in June that Nigeria would have it's own C DC by the end of the year. With this revelation when confirmed officially, Nigeria will become the second west African nation to announce the pilot phase of it's own digital currency in 2021.
As previously reported, the bank of Ghana is the other country from the region to announce a date for it's digital currency project. In the meantime, the report reveals some of the focus areas that stand to benefit from the roll out of the e-naira. Some of these areas include cross border trade, monetary policy, tax revenue collection and remittance inflows
3  Other / Politics & Society / Ghana government backing for CBDC (digital currency) bitcoin.com on: July 30, 2021, 05:25:00 PM
The ghanian vice president, Mahamudu Bawumia, has implored African government's to start exploring digital currencies as such alternatives have the potential to enhance intra-African trade. In addition, such digital currencies allow African countries to carry out all across border payments smoothly, the leader explained.
According to a report, Bawmia made these comments while addressing guests at the opening of the Ghana international trade and finance conference (GITFIC) in Accra. The report also quotes Bawumia commending the ghanian central banks e-cedi project. He added that government will give it the support of the pilot phase take off it's central bank digital currency. However, final approval of the CBDC will depend on the outcome of the pilot phase.
He said that this system can also act as an alternative to the current high cost and long corresponding banking relationships by facilitating trade and other economic activities across the continent of Africa through a single, low-cost and risk controlled payment clearing and settlement system.
4  Other / Beginners & Help / Bitcoin separate block chains. Investopedia.com on: July 24, 2021, 08:41:10 AM
As learned recently. Bitcoin was like a single entity before it was later separated into 2 separate block chains in 2017; the original Bitcoin and the Bitcoin cash. At the said time, the Bitcoin community tried to determine how it can improve it's networks ability to process more transactions at the same time. As at the time, Bitcoin could only process 1 megabyte of transaction at a time, which led to delays in transactions being processed.
During the process also known as the (hard fork), a proposal to increase the average block size in Bitcoin's block chain was rejected by the crypto currency's core development team. They rejected the change, despite the fact that high transaction fees made Bitcoin use as a medium for daily transactions unsustainable. The only one's that benefited from the high transaction fees were miners. At a later date a renegade group of developers and miners moved away and created their own crypto currency with variable block size. The hard fork between Bitcoin and Bitcoin cash was done in part to increase the processing limit from 1 megabyte to 8 megabytes
5  Other / Beginners & Help / Newbies need to be mentored well. on: July 13, 2021, 01:22:45 PM
Newbies are always naive not knowing much about the forum rules and will still be quiet not asking questions from experts in forum. I plead as a newbie to the senior members to help mentor us on how to avoid plagiarism when posting on each board of the forum. And how sourcing information elsewhere need to be referenced and also show us some examples of quality post so we can use it to better ours too.
Thanks
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