[Bitcoin Network Security and Privacy Exposition]

Bitcoin Network Security and Privacy Exposition

Today, you see a lot of people complaining about how they are been attacked and eventually lose their Bitcoin to the hands of scammers or hackers, while those that have not fall a victim still lose what is precious to them concerning privacy in Bitcoin network, because they don't know how to go about it and make a difference from using the traditional financial system controlled by institutions and governments to bitcoin network, hence the need for us to discuss deeper on what is needed to be known and why we should take some necessary steps and show that we achieve security and privacy in bitcoin.

We live in a society today whereby others take advantage of our ignorance and we cannot claim being into cryptocurrency and lack the needed knowledge about how we could achieve our maximum Protection from bitcoin network, as you can see that many are interested in taking opportunity on bitcoin investment by its adoption, but little among them have the necessary information/knowledge needed concerning bitcoin decentralized network, therefore this thread will focus more on things we needed to know about bitcoin security and how we could maintain our privacy altogether, as these two aspects are important.

Bitcoin Security Information we need to know.

1. Node Decentralization: it is very important that we understand why decentralization is very important in bitcoin and all these are part of what makes it secure and cannot be altered.
2. Hash Power Distribution: we must not forget that the computing abilities down to proof of work  is felt among miners as this distribution is spread across miners around the world, while no single mining pool as the power alone, this ensures the network dependence on a single mining pool is not being concentrated.
3. Network Resistance to Censorship: this is another advantage that guarantees for bitcoin network security because no central authority can take control of Bitcoin network or being responsible for any implementation of protocols.
4. Safety over what we know as 51% attack: this explains why hash rate concentration should not be vested on a particular entity, this ensures a smooth running of the mining process and avoid miners having the capacity to manipulate or alter a transaction.

Bitcoin Privacy Information we needed to know.

1. Wallet Privacy: we choose to determine the kind of wallet we use in Bitcoin in other to know how our privacy could be secured, this is where open source non-constodial wallet comes in and are very important for our privacy.
2. Use of Layer 2 (lightning network): transactions are offchain and this helps prevent going through the scalability challenge or delay from onchain transactions for our privacy security.
3. Personal Privacy: this is where our personal effort is needed in other not to create a vulnerability by ignorance about how we could maximize the opportunity in securing privacy and not exposing ourselves to the public and any other entity around us or online.

Privacy Tools: Coinjoin and Taproot.

Other Relevant Articles/Threads

wallets security and privacy mega threads
bitcoincore
Open Source Hardware Wallets

[Some of the Major Oil Exporting Countries Concerned]

We all know the economic consequences of engaging in war between one country and another and how things can escalate to an extent beyond measure, we are going to look into the economic effects of Iran blocking strait of hormuz, you can read further from the Reuters report on this Iran vows to attack any ship trying to pass through Strait of Hormuz and we know if the standstill continues like this, the effect on global economy may trigger more inflation ahead the existing challenges and this will lead to escalated scenario with other countries using this route for their oil supply.

We all know the importance of oil in every country and how the mobility is, from within the Middle East/GULF countries, Straight of Hormuz serves as a narrow passage through the border of Iran down to many countries in which have their vessels pass through that same route for oil supply, we also see how the price of oil rises early hour of Monday this week because of the mountain tension that more possible delay could hold at Strait of Hermuz.


https://x.com/i/status/2028029212490404277

Let's try to compare some of the impacts that we are going to experience if this should continue and oil vessels were unable to grant access through this single route for oil supply to many countries.

Some of the Major Oil Exporting Countries Concerned

Iraq
UAE
Saudi Arabia
Kuwait
Qatar
Iran

Economic Consequences in Blocking the Strait of Hormuz

1. Inflation, this of course is a result of an increase in oil prices as major suppliers experience a surge because of the denied access and thereby inflating the prices they charge and this goes around to every marketer across the world.

2. There may be escalating war with countries like China, India, Japan, and North Korea because this is a global challenge and Europe and Asian parts will mostly be affected because of their dependence on energy supply through this route.

3. Escalating war, there could be a mount of military action against Iran over blocking strait of Hormuz as other countries would not take it lightly to retaliate and engage in military combat.

[Pay 5x cheaper with 0.2 sats/vbyte for your Transactions Fee.]

Pay 5x cheaper with 0.2 sats/vbyte for your Transactions Fee.


I know that some of us are now saying that the mempool is less congested and we have the opportunity of using as low as 1 sat/vbyte for our bitcoin transaction, but today I'm here to give you an update information for the sake of those that have not been informed of this already, that we can pay as low as 0.2 sats/vbyte for our bitcoin transaction, which is five times cheaper, and this will get confirmed in a couple of minutes, I would like to go into more details on how this is possible as you follow through the explanation that will be illustrated at the cause of the discussion





Comparing Johoe's Bitcoin mempool size statistics to that Mempool.space/

Today, I want to bring the good news to us that we cannot fully depend on the use of menpool.space any longer for cheaper rate, but instead, we could check further for more cheaper rate and considered the use of Johoe's Bitcoin mempool size statistics which shows the advanced statistics of the weigh and fee at each given time into more details, so my advice for you on this is to ensure that you compare the two before making your transaction and see the least fee you could afford from Johoe's mempool statistics.

Which Wallet Allows me to Adjust My transaction Fee

You can make use of electrum wallet or any non custodial wallet with transaction fee customizable, in addition to this you don't have to only depend on the desktop version of electrum before you could customize your transaction fee any longer, once you have your electrum Android wallet, upgrade it version to the latest one and you could discover that they are also given the future to adjust the transaction fee and being made customizable the same way we have it on the desktop version.

Procedures to Johoe's Bitcoin mempool size statistics

Click on the link Johoe's Bitcoin mempool size statistics after the page is fully loaded, click on the empty space from the graph by the right hand corner towards the up, then you will discover a drop-down menu of the statistics which you are going to see from the image I'm going to post below, the priority started from the least of 0.1 upwards, check for 0.2 which follow after 0.1 and see the rate you are going to be charged for it, once the free rate is below 1 that is anything point zero (0.1+/-), ensure that you don't make your transaction when 0.2 indicate  upto 1 or more than.

     

1. From the above explanation as indicated from the first chart, only make use of 0.2 when the corresponding rates is lesser than 1 vmb that is 0.038 as indicated from the chart is not bad.

2. Don't often look for 0.1 because it usually comes with higher rates as you can see from the second chart, 0.1 having about 7.810vmb which is more higher compared to the first chart.

3. From the last chat which is the third one, neither 0.1 or 0.2 is advisable to be use at this particular time, because of their corresponding fee rate at their vmb is more greater than what we had from the first chart. 0.1 >8.311 which is extremely high, 0.2>1.625 which is also high, compared to when 0.2 >0.038 from the first chart.

Source:
https://x.com/i/status/2023300854791753952

I know that some of us are very good at the market predictions and we are used to our daily and weekly can do with how we monitor everything and speculate for the possible expectations over the market, we can see that there seems to be a resistance at $71,000 the market has fallen down to as low as $60,000 about 2 weeks ago and now we are stopped at the market price below $70,000 and if we are unable to experience a breakout above this range this new week, it will be very difficult for the market to rise, but instead we may experience more deep and this may sent us down to $60,000 or even below the red zone.

Where do we go hence from here, you can as well check from the chat and make some possible findings, what are your indications saying and what do you think could be the actual market condition for this week, if we can't achieve to overcome the resistance above $70,000 then there is strong probability that the market might fall and we go more dip, therefore this shouldn't come as a surprise to us when there is already made available signals that indicate for such coming, but you can always do your own research or what do you think?.

[Forum For Fun]

Forum For Fun

As the titles said, forum for fun and i got this idea from icopress at the cause of the year, which is also a common slang he often uses in some of his management services, but that aside, am creating this thread to serve as a reminder to us all that the forum is a large community which we have to catch the fun and not take things too personal.

If we could glance through the meta board, we are going to see several threads about members that have been once on this forum and are nowhere to be found today for one reason or the other, most of us didn't start the forum together in the early days and its sure we will only enjoy being here for our own time before others took over as well from us.

Lets try to reflect the forum past and present, then apply future expectations to it and see how everything should amount to fun, because its such a privilege to have encounter with each other at the cause of bitcoin discussion, we all come together from different background, color and race, yet have something in common, which is bitcoin, which this platform creates an avenue that we all have a course to its discussions.

Forum is for fun, take nothing being personal, let go of every offensive attacks, both here and outside the forum, have a new year resolution for your personal self and in your bitcoin journey, see everyone as your friend and not enemy, because we all have different approach to life, people use to say this, that in politics, there is no permanent friend or enemy, while in the military, you will here them say that soldier goes and soldier come, but barrack remain the same.

I really want to appreciate every esteemed member of this forum for our sincere commitments to the course that brought us all together (Bitcoin), our various contributions in making this community what it is today, everyone of us is important and valued, we should let go of the past and move on ahead to the future, forum is for fun, life is in phases and men in sizes.

Compliments of the Season!.

[Managing our Screen Handle Time]

Photo Credit: Google


Managing our Screen Handle Time

This topic comes to me as an inspiration which motivated me in creating this thread because i was also one of those this concerns and i see the need of sharing some information regarding the level of exposure to screen light we give to our eyes at the cause of being active on the forum.

I know that bitcoin is one of the greatest opportunity that we all wanted to be part of and cant afford doing without learning or discussing about bitcoin, considering the level of how we've been into it today, we cant do without the influence of bitcoin in all we do, aside these, our passion for the forum has always increases more than ever before because this forum cannot be compared to the irregularities seen from other social media platforms and we almost cant afford a day without being on bitcointalk.

However, all being said, we need to have the foresight of managing our screen exposure rate in respect to our eye, because in everything we do, there is always a side effect on it and if we are not careful, some of us may not really like what we may batch into later in future after excessive exposure of light into our eye, because it weakens the retina and optic nerves avoiding clear visions.

Staring at digital screens for long periods can contribute to a condition known as computer vision syndrome (CVS). Symptoms of CVS include eye strain, headaches, blurred vision, dry eyes, and neck/shoulder pain. Factors like reduced blinking, glare, awkward sitting posture, and constant visual focus at short distances cause these symptoms.https://glaucoma.org/articles/glaucoma-in-the-digital-age-how-screen-time-affects-your-eyes

What are now the safety precautions to ensure are in place when managing our screen handle time.

• Minimize your screen handle time upon each day, don't spend the whole day looking at the screen because of your passion for the forum, also consider your health and future repercussion.
• Reduce the light exposure from your screen to the least, dim the brightness, use dark mode, activate eye care feature.
• You can afford to get privacy screen guides/silicon screen protectors in reducing the ray coming from your screen to the eye.
• You can afford to get specified eye care monitors recommended for those with the challenge of managing light exposure from the screen if you're the type that uses a computer in login to the forum.
• Always take a break after a long duration being on the screen, you can decide to cut between time with intervals, to avoid a single stretch on screen exposure level.
• Take a break for a day or two in a week from handling devices both phones and computer, this can ensure reduction on the rate at which we strain the eyes of screen.
• Occasionally take fruits rich in Vitamin A and balance up with vegetables and other supplements that may improves vision.
  

To minimize eye strain when using screens, focus on optimizing monitor settings and incorporating good eye care habits. Choose monitors with low blue light and flicker-free technology, adjust brightness and contrast, and maintain a comfortable viewing distance. https://www.google.com/search?client=opera&q=recommended+eye+care+screen&sourceid=opera&ie=UTF-8&oe=UTF-8

[Some Tips to observe about Posting Behaviors and Forum/Personal Moral Ethics.]

Some Tips to observe about  Posting Behaviors and Forum/Personal Moral Ethics.

I noticed of recent how some members of the forum are making post and I think there are many things to bring our attention to in other to remind ourselves of the normal expectations and standards in our behavior and what we post, why other newbies coming to join this forum should be informed of these, which will prevent them from taking the wrong path from their behaviors on bitcointalk, this does not concern the local board alone, but the forum members in general.

Here are few advise on Ideal Behavioral Attitude expected of every member on the forum

• Don't spam a thread or the forum
• If you're a scammer, then this forum is not for you
• Provide adequate information as necessary
• Quote a particular point and not always an entire contents
• Don't intrude on what you have less idea about
• Learn to use a suitable title that matches your contents
• Always apply paragraphs when writing long sentences
• Occasionally read the campaign rules, forum rules and the pinned threads
• Make reference where needed, insert link(s) and properly add your personal thoughts
• Don't spam or troll a thread or the forum on discussions that does not concerns you.
• You don't have to attack on others in other to shine yourself, you're advise to correct or drop your opinion
• Don't be too wise or smart in your own eye, follow the normal prompts of the forum policy and rule.
• Don't Post malicious link, phishing links or any untrusted route that attack other's security and safety
• Ensure you post on the right board and report accordingly to the moderator on any low quality/off topic posts

You're free to add your own advise I may not have mentioned but you want other members to learn from.

Useful and Additional Links

topic title style guide
Knowledge to help you argue with bitcoin critics
posting etiquettes
Newbies - Read before posting
Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ

[[ALERT] Pace of P2P Scam on Exchanges is Increasing Part 2]

[ALERT] Pace of P2P Scam on Exchanges is Increasing Part 2

With reference to this https://bitcointalk.org/index.php?topic=5543912.msg65399049#msg65399049 which I created to inform all other members of the forum on the beginners and help section about p2p scam, pointing at recent and similar threads from few members selected, who have contributed also on the same subject matter to the forum members both on the local board and the general English boards, which you will also get their thread links there from the reference above, I will advise you to sit up and carefully observe the message in this latest update am about to unveil.

After this scammers now realized they may get bad reviews, report them or even failed on their various attempts to scam you by p2p, if you failed to be their victim on incomplete payment due to carelessness, or you're not been observant to confirm payment before vetting the confirmation request, here's what they have resulted to still do on this regard of p2p scam.

1. They are going to waste your time before making the payment, till almost 30 minutes is complete.

2. Then they will send you a chat to apologize that they are willing to pay but discover the amount in their account was not up to the order rate from the ad.

3. They will beg to make an incomplete payment in other to pre-informed you for their action to claim Innocence as if they don't already planned it.

4. If you agree and give them the go ahead, then you have been just cheated, because the exchange cannot provide you with an ineligible ad, instead they will ask you to refresh your quote.

NOW PAY ATTENTION

My order stated that he will pay me #29,724 while he types on the chat that he wants to pay #29,000 and don't have the balance of #211 while knowing the balance should be #724 he's pretending and still lying, but I sent a strong warning to him, then at the last minutes, he replied me to have gotten the complete payment, check on the chat below and learn something, most importantly the newbies doing p2p, don't let them trick you by chatting you to solicit for incomplete payment, don't ever comply because it's intentional.

The money may be small anyway, but this is how I would have been ripped off of #724 on p2p

[Mention at least one thing you missed about the forum]

Are you a new member joining the forum of recent, or you have been experienced for years being a member, then this thread is for you all, lets make it as intended to engaged member communicate more about what they have to say since they joined the forum.

Now straight to the business, i intend to create this thread in other for us to be able to engage each other discussing about the forum, what we missed and what we also want to be in place as an improvement, this idea could go by far if we never take it a mere discussion, but being genuine about what we are contributing.

• Mention at least one thing you missed about the forum.
• Name one or more member(s) you missed their absence on the forum.
• Suggest a wish you will like to see the forum restore/implement as your personal idea.

I don't want to hear something like Satoshi, Hal Finney, Lauda and the likes, those we probably never met their presence when we joined, lets be sincere, only contribute on the aspect you see is of concern to you.

So i will like us to take it with more adhesive coherent being in topic, no attack, instigation or any kind of abuse or bias mind, drop your opinion and catch the cruise.

My Response:

1. Mixers
2. o_e_l_e_o and Ratimov aka Symmetrick
3. The Trust System.

[P2p Express on Bybit Exchange]

P2p Express on Bybit Exchange




Going by the way most of us have chosen to use Bybit Exchange for our p2p after the Binance saga with our government and this service is no longer available on Binance, which has shifted the majority of the traders to concentrate more on using Bybit, but the lapses here is the unavailability of p2p Express.

It's also noticed that majority of us were not probably aware of the activation of the Bybit p2p Express, which I know that some of us would have been used to the manual search for the ads to find a suitable quote for our trade, this makes it more important for us to inform others about this, if they are not aware, especially our newbies.

I was able to find out that many pay less attention to this, while it has been there for a while now, users still continue to go through the usual manual search for their preferred ads having the ignorance of the p2p Express feature now available.

I could remember seing a friend of recent complaining of the ads and how he will have to scroll down in search through before getting one that matched their range, before I then told him of the appearance of the p2p express feature on Bybit Exchange.

Now we don't have to worry any longer in search through for these ads, as p2p Express has made it more convenient for us to engage the use of the service and perform our trade more conveniently.

[Share your Experience on Gambling Contests]

Share your Experience on Gambling Contests

It's time we talk about contest on this forum, knowing how various gambling platforms has been conducting this on the games and rounds section, let's try to bring it up here for a discussion in other to hear our member's view on what they have to say regarding gambling contests participation.

Just as the title says, let's hear our own side of the story regarding gambling contests we have participated in and if you haven't yet, it's also good to hear or know your reason for non participation, this is with the aim to help members of the forum discuss about various contests and their experience in it, while applying and after the application.

To make it more fun to discuss, please find the appropriate response you could give to some of these questions as it may help a gambling contest already existing or  any other interesting contest coming onboard soon.

1. Have you found gambling contest interesting?
2. Has it occurred once that you won a contest?
3. Advise a gambling platform about a contest?

Please only quote the aspect you think you have response/advise to and discuss your view from each.

My Response:

1. Yes, gambling contest has been an interesting opportunity to have a first time experience of using a platform to gamble.
2. Yes, I could remember the recents from whales.io and bet105
3. Make fare rules that could encourage gamblers to participate and try to stick on them and also make withdrawals non conditional to achieve.

It is not proper for us not to talk about the Democracy Day celebrations in Nigeria under the Naija Politics and Society and this made it more visible for me to create this thread.

Today makes it another round of 365 days of celebrating "Democracy Day" in Nigeria! It's a public holiday and so many activities were paused just to mark the uniqueness of this wonderful day on the interest of the nation and it's significance to humankind in Nigeria, so let me wish us all Happy Democracy Day my fellow Nigerians.

June 12 is a true reflection of what democracy signifies, the freedom we all deserve and this brings me to talking about bitcoin, which Satoshi invented to give everyone the financial freedom they deserve by having control over the financial situation of their lives, and our government could further grant this freedom by going in support of the people's voices for a decentralized economy.

Furthermore, it is of utmost importance that we look beyond just the celebration, but the dividends of democracy and it's effects on everyone of us, who is delightful in marking this great occasion, democracy as according to the Wikipedia gives and from there you you could see a lot of meaningful interpretation to what democracy is all about, types and the way it's being run.

These were the expectations to the practice of what democracy is in a country.

1. Fighting Against Insecurity.
2. Kicking Against Bribery and Corruption
3. End of Insurgencies, Crisis and Violence
4. Reduction in Poverty level
5. Freedom of Speech
6 Economic Growth
7. Visionary Leaders

Nigeria as a country might not have arrived at all these as of today, but there's always hope for a tree cut down, because it will definitely sprout out again in due season, we might not be there today, but are getting more closer as to where other developed countries are, only on a condition of meeting up with all it takes to getting there, which are listed above.

I wish every Nigerian a happy Democracy Day.

We all know who Ross Ulbricht was and the story behind his arrest years back, concerning running ban illegal cannabis and narcotics buying and selling on a platform with the use of bitcoin, now there was a transaction into his wallet referred to donation.

What the news says was that Ross Ulbricht received a donation of about $300 million into his wallet, but there have been lots of controversies concerning this on how root behind the fund source.



But as a Bitcoin community, what is our take on this, considering various opinions from the public view on the reason for this donation, but before then, hear what other thoughts might be concerning it.

1. Ross Ulbricht might just have transferred bitcoin from his wallet to another one.

2. Someone donated this much to him, but who could have be.

3. This was part of the share on the seized bitcoin transactions tagged under cannabis and narcotics platform he operates by the government.

Before that, let me also remind us of how Ross Ulbricht was pardoned by president Trump out of the prison, today we have this to also say concerning a $300,000,000 worth of bitcoin into his wallet, What do you think.

Have you noticed the mempool of recent, in case you did not, try and check at mempool.space and see how bitcoin transaction turned to 1sat/vbyte, which is pretty cool and cheap for making transactions as it is affordable, I remember sometimes last year or two year back then, when the whole mempool got congested by the ordinance inscription whereby the  block space was preoccupied by being inscribed with NFT ordinance and these clog the entire block space making it difficult for bitcoin transaction to get confirmed except they are being pumped with a higher transaction fee, the increase in fee rate come as a result of this inscription and many complained that bitcoin network is unaffordable and could be under attack from their feelings.

But for those being experienced enough regarding the technical aspect, they know already what is in place and what to expect sooner from all these, now mempool is less busy and we have cheaper transaction fee rate as low as 1sat/vbyte and we are proud of bitcoin network the more, just as before, this also takes me back to those days, were we use to have bitcoin transaction fee to be 1sat/vbyte before it gradually increases until we finally got punched by ordinance.

I also remember how many have seek an alternative to cheaper transaction by using altcoins and other networks preferably than bitcoin when we have over $10 as transaction fee at the cause of ordinance being inscribed on the bitcoin block space, also, from how many had thought the network would be under attack and many assumptions coming to people's thoughts, but today, it's no more a concern as bitcoin has always been the same integrity digital currency we have in cryptocurrency because of these.

1. Cheaper transaction fee
2. Secured network
3. Faster transaction

If you're considering any other altcoins or network over bitcoin, then know about what is at stake, while for now, bitcoin is pumping to all time high and having a more cheaper transaction fee rate compared to other network and still remained your secured decentralized digital currency.

[Here's my recent experience with a p2p scammer as i chatted him]

Recently, some of my local board members have been sharing their various experience on the use of p2p and how they have experience with some fraudulent users on some of these exchanges, which is most common with the buyers, what they will do is to adjust the amount of money they should credit you with a similar figures which will look like that same amount you're expecting from them and if you don't crosscheck and verify the actual amount paid to you, then you might have just received a lower amount and got scammed because these guys out there are smart.

For instance your order is #68,749 in Nigerian Naira, the scammer will credit you #63,749 and if you're not being observant enough to look in-between the figures, you may just assumed that the payment was made complete whereas it wasn't and once confirmed its irreversible.

But before then, this is what i have to say, always confirm the exact figures to be accurate and same as exact amount that your order was placed upon form the exchange.

Here's my recent experience with a p2p scammer as i chatted him

He claimed to have sent it twice, while not until i requested for the complete payment before he sent it, had it been i don't observe such and verify the amount sent in their figures, he would have go way with my #5,000 just like that.




What you shouldn't do while at p2p.

• Don't rely only on notification popping up on your screen to make a confirmation
• Go to your Bank account to confirm the sent amount reflected on your balance
• Ensure and crosscheck that the exact figures are sent to you and such is reflecting on your account
• 
  

I will give some examples here from previous experience from my local board members who had same or similar experience recently.

Alert: Latest P2P Scam
Yet, it happened again! Part 2
P2P Scam And How To Avoid Becoming A Victim

Another user Charles-Tim also alerted members of the local board to be careful of this same related p2p scam going rampage on exchanges Hope you are giving review to the recent P2P scammers i don't know if you're also having a similar experience with p2p, as this scam is getting increasing everyday and newbies and every other members should be aware of this.

Coming to the recent events happening from around the world got me more desperate towards writing this as a consolidation for our fellow citizens to realize that despite all odds, we should still be thankful and appreciates how far we have been as an individual and a country at large.

There are series of war ongoing current and that of the attack of India missiles on Pakistan got me thinking that could this be the way things are going to be going forever? this is what we come up with today, while yesterday was that of Gaza, Israeli and Palestine, not to even consider the Russia-Ukraine war, Iran, Afghanistan and the rest in the past.

So now tell me why you should not at least appreciate nature and the country you belong to, because you're not part of all these happenings and none has affected your family both home and abroad, though every country could be challenged in their own little way, but still yet, things have not escalated to the extent that everyone is being affected this badly.

You may talk about the insecurity in the country, which kidnapping is the foremost and the Boko-Haram insurgency, but how many of us have been affected, because they are confined within the northern region, while kidnappers are hungry youths being brainwashed to use such as a means of extortion, have we experienced earthquake, volcano, tsunami, wildfire, missile attack and other dreadful disease attack that claims massive lives, all i will pen down here is for us in our own little way to be grateful for the peace we have in the country Nigeria despite all that is happening around the world.

[Latter Reactions]

This recent scam happened last weekend as a ponzi schemes called cbex scammed people home and abroad of their investment asset worth $822 million. this same subject matter has been created But why people the still choose Ponzi schemes over bitcoin? on the Nigerian local board section, but I wish to also bring it here on the beginners and help section in other to help pass the information more widely to other forum users aside the naija pidjin it was been posted.

• To go further in digging into what CBEX is all about, this is a ponzi scheme that accepts investments with a minimum of $100 as investment starting capital upwards, then you stand a chance of earning certain  percentage daily from your money, make referrals which is optional and they have their physical office in Nigeria to help captivate their local investors and present their online platform to other interested foreign investors with proofs of their business registration with the government.
  

• All of a sudden, their sites becomes unreachable and people were unable to make withdrawals of their money until everything blasted and got confirmed it was a scam to all it's investors and this became a trending scam on the Internet as over $822 million worth about #1.5 trillion Naira and moved to their personal ethereum wallet.
  

Latter Reactions

It was gathered that some investors who could locate their physical office went over there to loot away their office materials and carted away any physical office equipment they saw while all their personnel couldn't be found.

This same scammers could be having other ponzi scam brands which some are also investing with already awaiting their bubble to be bursted, or may be planning another route to continue with related scam on the greedy ones that wanted to take advantage of opportunity with ponzi.

My Advice for you is simple: Learn to invest by yourself and avoid anything that involves centralized third party investment, always do things by yourself, there a common slogan here, do your own research (DYOR) and know that not your keys not your coins, don't give your digital asset to someone for an investment when you can learn how to invest on your own.

What is the Lesson Learnt.

1. Don't invest in ponzi schemes because of high returns within a short period.
2. Learn to know that crypto is not ponzi but ponzi can come in a form of crypto or any other currency.
3. Learn what ponzi scheme is and understand the meaning.
4. Don't invest on anything if you can't afford the loss.
5. Ponzi is not an investment, but a raw and pure form of scam coming in place.


Link

[US could sell it Gold to Buy Bitcoin, as some already purported.]

US could sell it Gold to Buy Bitcoin, as some already purported.

What do you think of this idea, because this is all about having a foresight on having a lucrative business initiative, lately US have been showing interest on bitcoin reserve but there have not been any further discussions about the progress on it, despite the recent Congress meeting that was held last month which involves the invitation of Michael and many other Bitcoin whales/enthusiasts towards the way forward in having a bitcoin reserve.

I also want to emphasize that the strategy to use for this intention should  not include other cryptocurrencies if they are truly well prepared for such, bitcoin reserve is what must be considered and not crypto reserve that may constitutes other altcoins, so they don't fail already right before starting.

However, how about them selling from the gold reserve they are holding over the years, because if we are to compare bitcoin to gold in terms of profitability, we already know the best most preferred as of now to choose over the other, another thing to look upon is that if US is taking into consideration the use of all digital assets being seized for its strategic reserve, but then I will cease to recognize them as bitcoin investors, because stolen coins cannot be claimed by them and used for their reserve, except been distributed to orphans and those in need as charity.

In other for us to be able to discuss further, what is our take on the subject matter and the options available below as your suggestion with reasons.

1. Convert some of the Gold Reserves for Bitcoin Reserve.
2. Invest in Bitcoin from the Treasury/Country Assets.
3. Use the Confiscated Cryptos for Bitcoin Reserve.


link

I have an idea which I don't know if this has been discussed before or not, this has to do with spamming and creation of several related threads on the same or similar subjects matter, I remember when I visited the politics and society board, I discovered the presence of many threads which have been on a subject matter "Trump" then I begin to count on these threads and discover about eight 8 topics have the subject matter Trump for discussion on a single page and not to even consider about other pages.

I don't know if it is possible to merge all these related discussions together on a single thread on politics and society board, and apply the same on economics and bitcoin discussion board respectively where Trump has been a major or key factor of a discussion, because I can see from how everyone is just sourcing out for more course of discussion on a separate thread which can still be a discussion we can make under a single "Mega Thread for Trump".

I can see such example like Russia invasion of Ukraine mega thread which allows for more discussions related to the war on that same mega thread, same applies to another mega thread for the celebration of new rank acheivement by members under reputation, after we can indiscriminately see members posting about their new rank celebration on beginners and help and some on reputation board, but now we have a mega thread for that and we can keep on counting on other related mega thread across the forum, this prompted me to seek on whether we can have such with Trump discussions and serve as mega thread than everyone bringing a piece of article under Trump to create his new thread, this idea will help with the visibility of new topics and reduction of spam under the same subject matter Trump.

What are you waiting for when others are buying and keeping onto Bitcoin investment upon any entry opportunity, before we could go far in discussion, let's take a look at the awesome decision taken by Metaplanet in buying 135,000 worth of bitcoin in their local currency.


https://x.com/BitcoinMagazine/status/1894341938871996640?t=ctUCk6NMx2f02YblJBRx_w&s=19

This shows that corperate organizations are no more longer interested in keeping their money in banks or holding it for nothing sake, instead they have discovered the massive benefits from bitcoin investment, buying the dip and hold, so what are you still waiting for, this may be another challenge for you to take action in buying to hold before it pumps back, bitcoin always got you covered as long as you're investing to hold.