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1  Other / Beginners & Help / How to sign a message?! on: October 20, 2025, 07:55:33 PM
The author of this thread is inactive for a very long time( more than a year) and the images are broken, I decided to fix the broken images. As LTU_btc suggested,  when Financisto was requesting from author to add this to his tutorial.





Welcome to the world of bitcoin.

I have been a Newbie like you, looking for scrap, asking questions, working faucets. Faucets are a waste of time. Yes, it was a bit easier in the past. I could join a signature campaign with only 19 posts. Spammers have ruined this pretty much for Newbies though and if they continue I am afraid they will ruin it for all of us. This is not the topic though, sorry for the distraction. You dont believe me that I joined a campaign as Newbie? Well I can proof it to you and I can show you how. By signing a message.

The post quoted below was written by me. It was not edited and it contains a bitcoin address. If you click on its link you will see that it has no dotted line below the time and date. See here for an edited post. I changed it today. Here is a picture.

19 posts... im in

18uTXyQubfaYrkbQDdaXhzd2ALEY5YN77B

And I can sign a message with this address to prove that I still have access to the private key that belongs to this address.

Code:
-----BEGIN BITCOIN SIGNED MESSAGE-----
This is shorena from bitcointalk.org and today is 2015.03.14
or as some of you might write it 03/14/15 pi day 2015
-----BEGIN SIGNATURE-----
18uTXyQubfaYrkbQDdaXhzd2ALEY5YN77B
IFtLgDZCpvfw0DT70RCLcYXj3Dbjf68sc6pj/C+u5K6IC8PIhHE4Y/ldllt1/yhrZpVW/shFRf7rxQYdsW/CcBM=
-----END BITCOIN SIGNED MESSAGE-----

You are probably not impressed. So what, a signed message, you might think, but its very important here if you want to trade with someone. There are currently at least 3 accounts in the meta section that are contested. The main problem with all of them is: someone was unable to sign a message, someone did not request a signed message for a trade or someone has no idea how to sign a message. I will try my very best to show you how to sign a message and how to verify a signed message. For this I will use pictures as I know not everyone here speaks english. I will also update this thread over time.

If you want to get your address witnessed somewhere for the future, use this thread by Tomatocage -> https://bitcointalk.org/index.php?topic=996318.0
Someone will quote your post there to make sure a hacker that has control over your account can not change it. Make sure you only post addresses you can sign a message with. You can use this thread to test signing message, I will verify them all and Im sure other users will chime in when I am not online as well.



If you want to thank me because this thread has helped you, post a signed message. If you just tell me it helped you, Ill probably think you never even bothered to read this.




Index:




Format:

Note: Always include the date and reason when creating a message. If you sign a generic message it could be reused by someone else.

When you sign a message you want to present it to someone else and they want to verify the message. In order to make this extra easy its important to use a certain format. You can modify it as needed, but there are certain things to keep in mind.
Every symbol is important. The symbols > and < in my examples have to be removed. When you sign a message and somewhere have two spaces between two words, both are important for the signature. Thats the whole point of a signature. It detects whether someone changed the message or not. The board here has a "code" environment thats perfect for this. It will make sure no linebreaks are added and the other person can easily copy it. I used the same format above.

If you write a post/PM it should look like on the picture below:


and for everyone else reading, it looks like this:
Code:
-----BEGIN BITCOIN SIGNED MESSAGE-----
<insert message here>
-----BEGIN SIGNATURE-----
<insert address here>
<insert signature here>
-----END BITCOIN SIGNED MESSAGE-----

I added an example how to post the signed message for the blockchain.info part here.




Dos and Don'ts:
return to index

  • DO include the current date. This ensures the signature can not be reused on a different day.
  • DO include the reason and be specific. This ensures the signature can not be resued for a different reason.
  • DO include your nickname and where you use it. This ensures the signature can not be reused, e.g. by Shorena on AcmeCorpTalk.

  • DO NOT use a compromised machine (virus, keylogger, etc.) to create a signature. Signing unlocks your wallets protection the same way spending bitcoin does.
  • DO NOT upload your private key somewhere in order to create a signature.
  • DO NOT give your private key to someone else in order to create a signature for you.

You think something is missing here? Leave a reply below.




Pay to script hash (P2SH) addresses:
return to index

There is no way for pay to script hash addresses without private key (yes, they are possible) to sign a message. For multi-sig-addresses (a subset of P2SH addresses) there are private keys, but there is no consistent definition on how a signature for a message would be verified. Thus, its impossible to sign a message with an address starting with a 3 in a realiable way. With the addition of P2SH-P2WPKH addresses (SegWit, but starting with a 3) this did not change. At least it did not in bitcoin core, other wallets may still allow signing or verification.





Creating a Signature:
return to index

Bitcoin Core version v0.10.0
return to index






Electrum v 1.9.8
return to index
Note: Electrum 2.3.1 and 2.5.4 are exactly the same in this regard.






MultiBit v 0.5.18
return to index






MultiBit HD v 0.1
return to index






Blockchain.info
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Note: Blockchain.info is an online wallet, thus their interface could change. Since there is no version number to indicate a change I added the date. I used the stock Tor browser for this (see the URL), but its identical to the regular version. The black bar masks the wallet identifier. Its a throwaway wallet, but I tend to remove stuff like this.






Blockchain.info v2 2016.05.11
return to index

Update (2017.5.13): According to user apoorvlathey it is now possible to sign messages with the new version as it was in the past. User sHeRiLyN1618 reports that this is only possible for imported addresses, but not addresses generated with the service. For more information read the posts starting from here -> https://bitcointalk.org/index.php?topic=990345.msg18991565#msg18991565

Update (2016.5.11): It is now possible to sign messages with imported private keys.
Th0ur007 wrote a step by step here -> https://bitcointalk.org/index.php?topic=1467458

Note: Blockchain.info's new wallet does not allow you to sign a message, nor does it allow you to easily export the private key in order to sign with a different wallet. There is a crude work around here -> https://docs.google.com/document/d/1-2l6xOqcbjs9QWEqSh72RD1d8EEdvG_hQuEXw_f_o6w/edit
Use at your own risk!



Mycelium 2.3.0 - 2.5.2 on Android Lollipop
return to index

Note: In order to get a preformatted message select "Share Text + Signature" at the last step, open with e.g. your Mail programm and copy the complete message from there.





Coinbase
return to index

Note: 2018.03.04 coinbase has removed the tutorial.

See their how to for now: https://support.coinbase.com/customer/portal/articles/1526413-how-do-i-sign-a-message-with-a-bitcoin-address-



Bither v.1.3.7.1
return to index





Ledger Wallet Bitcoin v.1.10.1
return to index
Note! full credit for this section goes to JeremyB. Go thank them, not me!





Trezor Wallet
return to index
Note: full credit for this section goes to JeremyB. Go thank them, not me!







Verifying a Signature:
return to index

Blocktrail
return to index

link: https://www.blocktrail.com/BTC?verifysignedmessage=1

Note: This service requires JavaScript and might not work with all browsers.

Correct Signature




Incorrect Address




Incorrect Signature & Modified Message




Incorrect & Modified Signature






Chain Query Alpha
return to index

link: http://chainquery.com/bitcoin-api/verifymessage

Correct Signature




Incorrect Signature & Modifed Address




Incorrect Signature & Modified Message




Incorrect & Modified Signature






coinig.com
return to index

Will be added ASAP Seem to be bugged when verifying messages with at least one linebreak. Will add them once its fixed.



Brainwallet.github.io
return to index

Note: 2018.03.02: New link https://brainwalletx.github.io/#verify

Note: 2015.12.20: Brainwallet has a copy here -> http://wallet-2sx53n.sakurity.com/#verify

Note: 2015.08.08: Brainwallet is no longer operational, old pictures still linked below.

Note: 2015.04.03: I noticed the site was improved since I made the picture below. The updated version now allows to input the address, the message and the signature seperately as bitcoin-qt/core would. Since the old way is still working, I did not update the pictures. Thanks 2 [/url=https://bitcointalk.org/index.php?topic=990345.msg31257348#msg31257348]JeremyB[/url] for updating the pictures.

link: https://brainwallet.github.io/#verify copy: http://wallet-2sx53n.sakurity.com/#verify

(Bitcoin-QT) Correct Signature



(Bitcoin-QT) Incorrect Signature



(Bitcoin-QT) Correct Signature & Missing address





Correct Signature



Incorrect Signature & Missing Address



Incorrect Signature





Trezor
return to index
Note: full credit for this section goes to JeremyB. Go thank them, not me!

Correct Signature




Incorrect Signature







License (CC BY-SA 3.0):
return to index

You are free to:
  • Share - copy and redistribute the material in any medium or format
  • Adapt - remix, transform, and build upon the material
for any purpose, even commercially. I cannot revoke these freedoms as long as you follow the license terms.

Under the following terms:
  • Attribution - You must give appropriate credit (mentioning my name [shorena] is enough), provide a link to the license, and indicate if changes were made.
  • ShareAlike - If you remix, transform, or build upon the material, you must distribute your contributions under the same license (see link).

link -> https://creativecommons.org/licenses/by-sa/3.0/

Signed version:

Code:
-----BEGIN BITCOIN SIGNED MESSAGE-----
This is shorena from bitcointalk.org and today is the 24th of April 2015.
I publish my guide to sign message with bitcoin addresses and all related pictures under CC BY-SA 3.0
link to guide  : https://bitcointalk.org/index.php?topic=990345.0
link to license: https://creativecommons.org/licenses/by-sa/3.0/
-----BEGIN SIGNATURE-----
18uTXyQubfaYrkbQDdaXhzd2ALEY5YN77B
IDYQyGOx2rG9aJ3bZH/SJSRFZJMZiMrIxiNNY1Hv9geHLlYeGdYbH+AxNbT+qXGmEzojFt//loC+sj8yGo6AV9A=
-----END BITCOIN SIGNED MESSAGE-----



todo:
Code:
https://tools.bitcoin.com/verifier.html - verify
https://blockexplorer.com/messages/verify - verify
Bither v 1.3.7.1 - verify
Bitcoin Core version v0.12.0 - verify
Electrum 2.x - verify
Blockchain.info - verify
Multibit - verify
Multibit HD - verify
list more wallets/services that currently not support signing, add reference where possible
coinbase (own w/o text)
armory
(when fixed) coinig.com - verify


changelog:
Code:
2018.03.04 - added Filipino translation done by uelque, coinbase how to no longer available.
2018.03.02 - added Trezor sign/verify, ledger sign, brainwalletx updated pictures & french translation all done by JeremyB
2017.05.13 - bc.iv2 - working
2017.03.24 - Bither Android HD -> cant sign
2016.12.14 - "thanks" w/o signed message = idiot/spammer/or worse
2016.12.11 - added btc.com, freewallet.org, GreenAddress, breadwallet, Coinomi, Electrum, Coins.ph. Samourai and blockchain.info for android as cant sign.
2016.07.31 - added bitgo.com as cant sign.
2016.05.11 - Updated bc.i v2 with link to Th0ur007's guide.
2016.04.17 - added a few sentences on p2sh addresses
2016.03.04 - added work around for bc.i v2
2015.12.20 - readded brainwallet via a mirror, reinstated the pictures
2015.10.01 - problem with blocktrail was fixed, removed the warning and reinstated the pictures
2015.10.01 - added warning because blocktrail has problems verifying certain messages
2015.09.17 - added notes how each section is sorted
2015.09.17 - changed all imgur links/sources to https
2015.09.17 - added Bither v 1.3.7.1 (screenshots Ubuntu, Windows identical)
2015.09.17 - added several Copay (several version) to cant sign
2015.09.17 - added didnt bother to test section
2015.09.16 - added blocktrail.com - verify
2015.09.11 - sorted cant sign by name
2015.09.11 - added several more iOS 7.1.2 wallet to cant sign: Coins, ANX Vault, GreenAddress, BitX, Bitcoin Vault, Coins.ph
2015.09.11 - added Coinbase for Android thanks to prodigy8
2015.09.11 - updated todo list (blocktrail verify)
2015.09.10 - added several iOS 7.1.2 wallets to cant sign: bitWallet, breadwallet, Coinbase, Yallet, Wallet by Blocktrail, Bither Hot and Hotwallet
2015.08.12 - updated todo
2015.08.12 - added chain query alpha - verify - pictures
2015.08.11 - added link to chain query alpha - verify
2015.08.10 - added greenbits/-address to cant sign
2015.08.09 - temp removed coinig.com as it seems to be broken when verifying messages with linebreaks
2015.08.08 - temp added coinig.com to replace brainwallet - no pictures
2015.08.08 - brainwallet - verify no longer operational
2015.08.07 - added mSIGN and xapo to cant sign
2015.08.07 - added "cant sign" section
2015.07.27 - added first translation to romanian - thanks to Saruman
2015.07.27 - added list of translations
2015.07.20 - improved formatting - thanks to Muhammed Zakir
2015.07.09 - added link to coinbase how to - thanks to camelson
2015.06.22 - added multibit hd 0.1 - sig
2015.06.15 - did not add electrum 2.3.1 because its idential to 1.9.8, added text accordingly
2015.04.25 - added don't "compromised sys" - thanks to Muhammed Zakir
2015.04.24 - slightly changed license text (cosmetical changes)
2015.04.24 - added dos and don'ts - thanks to GreenStox
2015.04.19 - added link address stake thread - thanks to Muhammed Zakir
2015.04.12 - added license CC BY-SA 3.0
2015.04.03 - format, added note: use a date
2015.04.03 - brainwallet verify, added note: new "Bitcoin-QT"-Button
2015.04.03 - added Mycelium 2.3.0 on Android Lollipop
2015.03.17 - updated todo
2015.03.17 - added bc.i - sig
2015.03.15 - MultiBit 0.5.18 - sig
2015.03.15 - Electrum 1.9.8 - sig
2015.03.14 - Brainwallet online verify (Tor) - verify
2015.03.14 - Bitcoin Core version v0.10.0 - sig
2015.03.14 - Index
2015.03.14 - added Intro
2018.09.29 - Link to russian version by an@sha
2  Local / Nigeria (Naija) / Newbies: Make una no dey use exchanges wey be centralized! on: August 05, 2024, 08:48:24 AM
Original Topic: Newbies: Don't use centralized exchanges!
Author: BlackHatCoiner

Whether you come here to learn many things about Bitcoin, or na trade you wan do and make a small bucks, agbe make you read the text wey dey below. 

Translations: Greek, German
In addition on how we go take create new ideas or things for payment system wey dey work without borders, wey go dey more efficiently and dey practical, Bitcoin don dey here to make you sound. E go dey give you wetin corrupted governments dey try constantly to take away from you: Financial sovereignty and self-control.

But, make you no expect am say e go make only gain. Bitcoin na just currency e be, which means say na apolitical e be. All this kind ideals wey come from fact that you go take time to take understand the drawbacks for traditional banking system and how disastrous a central point of failure go be.

Make una no use exchange wey be centralized , for number of reasons.

  • You dey about to be dictated to where your money to go. [1][2]
  • You dey about to be charged unbearably high fees. [3]
  • You dey about to be "blackmailed" to deliver private information to have your coins unfreezed. [4]
  • You dey about to be censored. [5]
  • You no get privacy. [6]
  • The exchange go fit go bankrupt and everything go lost. [7]
  • You don dey make the Bitcoin economy susceptible to manipulation. [8]

[1] Coinbase says e don dey block 25,000 Russia-linked crypto addresses
[2] Binance go Ban Singapore Users For Crypto Trading And Dey go Buy am for Global Platform
[3] Binance Dey make wetin pass $20,000 for one Day dey to dey charge for Transaction Fees
[4] popular exchange extortion and blackmail
[5] Re: Centralised Exchanges na them be the Biggest Enemies for Bitcoin
[6] Goodbye, privacy, goodbye, E dey nice while e dey last.
[7] Wen Crypto-Exchanges no get money again, we go lose everything wey we get there
[8] Re: Newbies: Make una no dey use exchanges wey be centralized!

Instead, exchange decentrally.

We dey encourage make una dey use decentralized exchanges such as Bisq (or others)wey dey operate transparently. Dey no get KYC, no danger from centralized exchanges' hacks, no oppression by a third party; E dey private, secure and censorship-resistant the way wey e go be. Escape the arbitrary ruling enforcement of the corrupted Binance, Coinbase, KuCoin etc., today!

You go defend your rights the moment wey you start to dey use am. Educate yourself: Why Bisq dey exists.
3  Local / Nigeria (Naija) / [PID: Tutorial] Kali NetHunter - Linux on Android on: July 10, 2024, 09:56:24 AM
Original Topic: [Newbies] [Eng: Tutorial] Kali NetHunter - Linux on Android
Author: DYING_S0UL

I dey Inspired by Learn Bitcoin's wey cover every guide on PGP, I don decide say I go create tutorial wey go help us sabi how we go take dey install Kali NetHunter for Android device (Rootless).

As dey dey use this Android users go gain power to utilize PGP encryption on their devices with NetHunter. From here as dey complete the trilogy for guides on PGP across Windows, Linux and Android platform.

This tutorial na for Android 11 dey do am, but e go also work the same for Android 12, 13 and 14.
 
Minimum installation requirements:
  • 1. Minimum 15–20 GB of storage
  • 2. Knowledge for Command Prompt and Terminal apps
  • 3. A working brain



➥ Step 1: Install Termux app from github/F-droid (Make use VPN, in case say download dey do small small).

Quote

➥ Step 2: Open termux and make you enter the following command to take update the package

Code:
pkg update -y

Quote

➥ Step 3: When e dey prompted for an action make you press Y and <Enter> so you go install the package maintainer’s version (6 times)

Quote

➥ Step 4: Allow storage permission

Code:
termux-setup-storage

Quote

➥ Step 5: Install wget

Code:
pkg install wget

Quote

➥ Step 6: Download NetHunter installation file

Code:
wget -O install-nethunter-termux https://offs.ec/2MceZWr

Quote

➥ Step 7: Change permission to take run the file

Code:
chmod +x install-nethunter-termux

Quote

➥ Step 8: Run the file

Code:
./install-nethunter-termux

Quote

➥ Step 9: Enter the image wey you wan install. You go choose full, minimal, nano. I dey go for no 1.

Quote

➥ Step 10: Press N when dey ask for delete rootfs (The installation go take small time, 15-30 minutes this dey depend how your Internet take dey run).

Quote

After e don past step 10, you go have to fix dbus-x11 error. Users sometimes time dey get this error after the first installation. To put this problem together you go change the DNS server and update some package.

Fix dbus-x11 error

➥ Step 11: Run the following command

Code:
nh -r

Quote

➥ Step 12: Open the file /etc/resolve.conf

Code:
nano  /etc/resolve.conf

Quote

➥ Step 13: Take edit the ip address to 8.8.8.8, Then Press ctrl + x and enter Y to make am save

Quote

➥ Step 14: Run apt update and apt install dbus

Code:
apt update
apt install dbus-x11 -y

Quote

Now wey be say we don fixed the error, we go continue further....


➥ Step 15: Take enter NetHunter and Set password for Kex VNC (press N to entering a view-only password)

Quote

➥ Step 16: Take know say the port number, you go need am for step 19.

Quote

➥ Step 17: Download Nethunter app and install it.

➥ Step 18: Open the NetHunter app and make you search for Kex, install am and open am.

Quote

➥ Step 19: Make you enter the port number, username as kali, and your password go be from step 16 and press connect.

Quote

➥ Step 20: Voila!!! Now go have Rootless Kali NetHunter GUI for your Android device.

Quote




➥ Related Tutorials:


➥ Reference used:

https://www.youtube.com/davidbombal
https://www.kali.org/docs/nethunter/nethunter-rootless/
https://store.nethunter.com/
https://github.com/termux/termux-app/issues/236

na AOBT na run dis Translation by Dem self

4  Local / Nigeria (Naija) / [Newbies]Make una read this before you stake an address on: July 07, 2024, 12:55:31 PM
Original Topic: [Newbies] Read this before you stake an address
Author: BlackHatCoiner

To stake address you go need understand wetin you dey do exactly especially for newcomers. Also,
Even signatures and wetin them fit do take get as e be.

Na why I decided to do this thread; to make am no too hard for newcomers make them con still know weytin them they do. If you be newcomer, you go probably know almost everything on why you suppose stake your address how to take do am (with which kind of software).  I go focus on how to take stake am wella with our common sense.




Staking.

When you Stake address, you go do am for one kind way wey be say if you ever need to prove say na you get your account, you go fit do am. The problem now be say most of the time, people they do everything mechanically  so tey them no go know exactly wetin them they do. If you never stake address before, just go the proper thread leave your address wey you generate from your non - custodial wallet, just like that:

Code:
This na my address, please quote it: bc1q0fc0e3e0zpve6qg2fw2tfxwnvsw5p4kae3u2yx

No need to provide signed message from that address, because we know say at the moment, the owner of the account don stake their first address. E dey obvious say na their own wether they sign message or not.

E dey advisable to use unique address, especially the one wey them never use receive Bitcoins. You fit do am, though, but e go harm your privacy. E go better if you just pick address wey no get connections with your transactions.


Signing.

When you go need to prove say na you get am, you go sign con still publish message. [this na how] [this na why]

Code:
-----BEGIN BITCOIN SIGNED MESSAGE-----
I am BlackHatCoiner. Today is 08/11/2021 (15:01). This is a proof that I still own bc1q0fc0e3e0zpve6qg2fw2tfxwnvsw5p4kae3u2yx.
-----BEGIN SIGNATURE-----
bc1q0fc0e3e0zpve6qg2fw2tfxwnvsw5p4kae3u2yx
Hyi7C7hHSBN3cVV0Q3NF7poPFox49Zehs0z2WRWEV1x/ZdJUpcGWT5UUhWZylZ3SNFn0DU6ITNZgqu0goqY2C8s=
-----END BITCOIN SIGNED MESSAGE-----

If you wan stake another address, you go need sign message from your old address  con still include your new address inside am:

Code:
-----BEGIN BITCOIN SIGNED MESSAGE-----
I am BlackHatCoiner. Today is 08/11/2021 (15:01). My new signing address is bc1q2mxckeclkndcu68m5v7qhf6guwakn6en96s2mc.
-----BEGIN SIGNATURE-----
bc1q0fc0e3e0zpve6qg2fw2tfxwnvsw5p4kae3u2yx
IChf1za07r3UTa2CGlU4mVpQaHlVAK3N8yK3ViASvfbtbstLNX60TSfFml+9VAR4czTMP9Y8+yyDkB+XwZmPRlM=
-----END BITCOIN SIGNED MESSAGE-----

Know say they no get reason for you to sign message from your new address, for the same reason wey you no need do am for your first address. We know say for that time you don sign message from your old address, Tor we go con conclude say true true na you,, and you gree say you wan stake another address.

E fit happen for plenty reasons. One fit be say they fit go compromise the old one. If na the case be that, you go need talk am for your signed message say na only the owner of the account na em fit provide signature from the new address no be from the old one.

Quoting and Verifying.

That one na optional step, na for only people wey wan help for the quotation and verification of the thread's addresses.

Some users fit choose to stake address with signed message for  the first time, if they feel say to just stake the address no dey enough (even though I don explain am before why e dey enough). even though I don explain am before why e dey enough.

IF they no go fit verify the message, the user never put the right signature.  For this kind matter now, you go tell them say they make mistake as them they do am and to "answer" them e mean say make you quote the whole message incase say they edit their post. If na the first time wey them they try to stake address, then e dey fine. They go learn. They don stake address before and they wan stake another one, but they no fit bring the correct signed message from the old address, then the matter go con dey suspicious.

If they fit successfully give you signed message wey look like this:

Code:
-----BEGIN BITCOIN SIGNED MESSAGE-----
I am BlackHatCoiner.
-----BEGIN SIGNATURE-----
bc1q0fc0e3e0zpve6qg2fw2tfxwnvsw5p4kae3u2yx
H1kZ1IEa3WY1LOjsyj/5rWE1bjS7dzWXaPDsXFqK3zSUcYJvAcjAxGzZn+UDoIU7sDu+nTS+i4QF4eH4fXYnVzA=
-----END BITCOIN SIGNED MESSAGE-----

You go deny am con ask for the one wey them never sign before. To dey sure say the real owner never sign the message wey them they ask of (wey hacker for fit don carry from am ), you go need ask them for another thing with respect; time. If them post message wey contain time too, then they fit confirm the owner of the account.

As for your post wey they quote the sign message: e dey unnecessary to provide link wey they redirect the reader go website/image wey they confirm the message verification. The only necessary part na to quote am make the reader confirm am say them never compromise the account and the original message na still the same. They still get some users wey be say them mean good wey create website wey dey archive any post wey them do.  [loyce.club, ninjastic.space]



If you think say e get where I make mistake or wey I never talk and e dey important Abeg tell me.
5  Local / Nigeria (Naija) / Identity Security: A Newbies' Priority on: June 02, 2024, 01:43:49 PM
Original Topic: Identity Security: A Newbies' Priority
Author:KingsDen


Preamble:
Plenty times I don see say people care about the security of their Bitcoin, security of their other assets too, even security of job. Some times because of ignorance we no dey to care about the security of our personal data.
So I go dey talk about this matter for the following sub headings;
1. My identity mistake (na motivation for this thread)
2. how de fit take know you through your Bitcoin address
3. how to take hide who you be
4. why e dey good to hide who you be.

who go fit benefit from this topic?
  • Newbies wey never make Identity mistakes before
  • others wey no too send their Identity security like that
  • Readers, to dey learn as per say no knowledge is a waste

My identity mistake (na motivation for this thread):
If you don dey this forum for more than 3 years, congratulations! Na you be the smartest person for your mate. This forum na place wey be say knowledge boku e full.
Before I join this forum I been dey careless about my identity(offline and online). I been dey  see things for differently and wrongly. For instance now I dey think anybody wey dey avoid KYC na criminal.
I believe am because I dey think say since I no be criminal to dey release my data no go cost me anything because I dey sure say I no go ever turn criminal for future.
I dey wallow for my own ignorance till I enter this forum.
Few weeks for this forum two things just hit my brain;
  • why Satoshi the Bitcoin creator go just dey concerned about privacy and Identity, so tey he con successful remain pseudonymous and anonymous even for this information and technology era.
  • why e be say almost everybody dey against KYC wey me I see as means to take fight cyber crime. E mean say everybody for this forum na criminal?
My quest to take quench this my thirsty thought con give me better knowledge to take answer the above questions.
But before I fit arrive with this knowledge (before I join this forum) they don already scam me with KYC.
My mistake
They invite me say make i con buy share of one UK company for ISO stage, KYC been dey optional that time. Later they con say KYC na major requirement to take get shares if e don mature. I no con get choice than to submit my international passport con even still sign and scan my signature in lieu of my biometrics. I dey convince say my identity no longer dey secured, because they get synchrony between my travel documents and my local documents. Meanwhile my official email address and phone number still dey with them. The overall con be say the project na scam. Before now I don already do verification with plenty non reputable exchanges. I honestly dey wish say I fit reverse my identity mistakes.

why you go dey hide your identity:
  • Your identity dey unique once e dey  compromise, e don dey compromised for life.
  • Dey fit buy your personal data con still  sell am for scammers.
  • If your identity dey hidden e go hard make them know the amount of Bitcoin or assets wey you get
  • They fit even still steal your identity from reliable platforms by hackers
  • Your online identity fit dey  linked or related to your real identity

How dey fit take reveal your identity your Bitcoin address:
  • If you publish your Bitcoin address alongside your real name, either in your website, offline shop or social media
    Such address fit dey linked to your personal self.
  • Your identity fit dey tied to your Bitcoin address when you complete your KYC for exchange with your real data. You mean say them dey house your personal data for their database And e fit dey compromised knowingly or unknowingly
  • With the use of hosted wallet: No matter how friendly or less complicated hosted wallets be your data security no dey assured.  This na because say your Bitcoin address and your IP address no dey visible to anybody wey they operate the server.  So dey fit give your data out without your consent, especially when governments need them.

How to hide your identity when you dey use Bitcoin:
  • Try make you no dey repeat bitcoin address: If you no do am your identity go dey leaked through your address. Ensure say you generate new address for every transaction as e  dey recommended by Satoshi for Bitcoin
    whitepaper
  • Use a VPN: If you underestimate am, e go sweet you to know say your IP address, information as zip code and your house location for map dey fit get am?
  • Use a stealth address for your transactions.
  • You fit consider to mix the coins If you know trust it flow. Dey still get more to am as e go need make you pay some fees
 
Conclusion:
I no get am for plan to make this topic long pass this one, na the reason why I wan provide few points with short explanations. Then, remember say your identity no dey change, so protect am the way you take dey protect your bitcoin. This na because say, to get  bitcoin con de allow yourself de vulnerable, You fit no live to enjoy your Bitcoin.
If you dey think your password dey compromised, you fit reset your password. But if your identity dey compromised, e dey compromised for life.
6  Local / Nigeria (Naija) / Giovanni Santostasi - The Bitcoin Power Law Theory on: May 26, 2024, 12:34:59 PM
Original Topic: Giovanni Santostasi - The Bitcoin Power Law Theory
Author: fillippone


Everything you wanted to know about The Bitcoin Power Law Theory, but were afraid to ask!
OP post on Bitcointalk.org: The BTC Scaling Law


During the weeks wey pass, I been dey increasingly involve in studying a new model by an astrophysics professor wey turn neuroscientist, wey dey describes bitcoin according to Power Laws.

Giovanni Santostasi, aka  BTCdragosfera don describe a model where he don explains why Power Laws governing price and other Bitcoin metrics (such as Active addresses and hash rate) no be random fact but actually e fit be symptoms for something else, namely Bitcoin being "no fit be common asset but fit dey more similar to natural phenomena wey universal Power Laws dey rule due to recursive, infinite feedback loops fundamental to the system".
Bitcoin dey more similar to a city and an organism than a financial asset.

Santoshi first post he mumblings for Reddit for more than 5 years ago:



This post go almost unnoticed: Giovanni put am aside small, con focus on other things, wey na he new venture for Neuroscience, he continue dey work on the idea then con finally publish am for the following papers:



The Bitcoin Power Law Theory

If na the video format you want, hear a video Summary of the Theory:



The material no dey very well organized, so I go try explain Wella for this thread.

The Power Law na the only first part of he full Bitcoin model, where e also be model range for Bitcoin price and bubble indicator to take detect excessive price movement:



Yes, of course you don already see that Rainbow Graph, and actually Trolololo chart na Power Law Chart.

The innovation of Santostasi's article be say Bitcoin dey considered as financial system wey dey behave like natural system according to well defined laws. This laws na Power Laws. In this sense now, the article no be "model" about Bitcoin but  part of "Bitcoin theory."

According to Santostasi:
Quote
For model science, the term "Theory" dey refer to scientific theories, well confirmed type of explanation of nature ,made in a way wey be say e dey consistent with the scientific method, and e fulfill the criteria wey dey required by modern science. That type of theories dey described for way wey be say scientific tests go fit provide empirical support for am, empirical contradiction ("falsify") of am. Scientific theories na the most reliable, rigorous, and comprehensive form of knowledge,[1] unlike all them this common words wey we de use "theory" we de imply say something no de proven or de speculative (wey be say formal terms de characterized by the word hypothesis).[2] (This na from Wikipedia - Ed.)

<...>
Na full theory because e dey explain the entire behavior of Bitcoin. E get several points and e dey explain the interactions of all the on-chain parameters,

E dey even explain why the bubble dey exist and why we get bottom. He dey make predictions wey dey make the theory falsifiable.

For science,  model na representation of Idea, object or even process or system wey dem dey use to take describe and explain phenomena wey dem no fit experience directly. Models na central to wetin scientists dey do, both their research and when communicating their explanations.

A model dey very similar to a hypothesis, so na the initial mathematical formula or algorithm wey try to replicate some of the behaviour for subject studied.

Theory na ultimate way to take understand phenomenon: E dey complete in the sense that e dey try to explain all the observered behavior. For this case , how the on-chain parameters dey work, how the adoption take dey grow (via a virus-like mechanism), and how the adoption effect take dey affect price (via metcalfe law).


How the price take dey bring more miners, how the hash rate take dey related to the price, how the Difficulty Adjustment dey kick in and e dey create inhibitory loop wey creates stability for the system, like that like that

People never comprehend am yet: E dey tell us everything wey we need to know about Bitcoin, and dey get corollary wey dey even explain the bubbles and how dey take dey relevant. E fit dey improved or do am make e dey better, but e dey coherent and complete: na big deal e really be.
(I do some little readjustments to make the sentences make e dey more readable)


Introduction: wetin be Power Law?

According to Wikipedia:

Quote
For statistics, power law na functional relationship between two quantities, where one relative change for one quantity results for relative change for the other quantity proportional to the power of the change, independent of the initial size of those quantities: one quality dey different from the power of another.

Dey fit write power law for the following form:

Y=10^B*(x+S)^A

or:

log(y)=A*log(x+S)+B

A lot of natural, sociological, mathematical, physical and psychological phenomena dey follow power laws.

The power law get few important features.
  • Scale invariance: Power Laws still dey valid when the involved variables change the order of magnitude.
  • Lack of well defined average value: Power Laws get meridian but e lack mean value.
  • Universality: Power law wey get the same exponent dey produce similar dynamics.

The first property be say power law wey dey draw for log-log chart, or chart where both axes dey on logarithmic scale, na straight line with slope A, B intercept,and S na shift parameters.

Abeg know say straight line for log-log plot dey necessary, but them no too get evidence for Power Laws. To determine Power Law existence only because say the straight line fit log-log chart na unsatisfactory approach to the statistical method.

bitcoin price plotted against time
A graph you might have already seen Log bitcoin price, plotted against time
Now both axis are Log, and a linear relationship appears
The previous graph slightly reworked

Abeg know say those 4 graphs represent the exact same data. The blue line na the same as the red one.
This only difference na wetin you dey see, and dey fit capture am best by the red line for the log-log chart, wey dey appear to describe the Bitcoin prices.
For reality, the explanatory power na the same for all the graphs but the linear scale "undervalues" the errors for the first steps of the graph and e dey "overvalue" the errors for the last steps , as the price don increase four orders of the magnitude.

The log-log charts dey evenly "decompresses" the charts price and e time dimension, and the best-fit function dey appery for straight line.

I do those graphs myself to take check the reality of the claimed properties of the log-log chart.

If you wan understand Wella wey Power Laws be and why them dey everywhere for science, Abeg look them this links:
Geoffrey West: The surprising math of cities and corporations
Why do Power Laws Work so Widely? | Episode 2207 | Closer To Truth


Giovanni Santostasi don already publish article wey dey answer few questions and e dey correct our misconception about PLT (Power Law Theory):

Common Misconceptions and Fallacies Regarding the Bitcoin Theory of Bitcoin

They get this rendition of the "Bitcoin clock" using the power laws: the beautiful spiral well dey represent the soundness of the theory.






Bitcoin price no be the only variable wey get governing power law; addresses and hash rate also dey governed by similar laws.



E add beauty to the model, as we fit fine "cross" relationship.
 
They get this beautiful YouTube video about the relationship between these quantities:



Addresses and Prices dey tied via Power Law with something wey resemble Metcalfe Law.
HashPower and Price de linked via Power wey strongly supporta price via mining Hardware cost.



The major point of this model no be say  scarcity no dey considered anywhere for the model . The PLT no consider S2F relevant for the price determination
Of course, the author soon con enter disagreement with PlanB:



In this article Giovanni explain why scarcity no dey play any role for price determination:

Quote
Scarcity no be wetin dey drive Bitcoin price

<...>
Here 2 models, the power law model wey get zero assumption on scarcity, just based on those observations for the price to dey  increase na something wey dey predictable. Scarcity no dey part of the model at all. The other, S2F where scarcity na the main driver, in fact, e assume say scarcity dey increase with time. The power law (with no assumption on scarcity) dey lead to " hurry up get some BTC now". As you fit see S2F instead say you fit get in anytime con still make the same gains, no matter if you even join 10 years ago (for the same amount of 4 years HOLDING time)or 10 years from now( again for the same HOLDING time ). Both investors go make 10x return over this time. While you notice say  for the Power Law model e dey important to join as soon as possible. So you see how people use scarcity argument dey take lead to illogical conclusions wey fact no support?

If you want dive deep for this matter, they get video for here:
Why BTC stock-to-flow model based on scarcity dey worse than wrong, na compete nonsense.



Santostasi never even finish yet. First he dey try organise the knowledge wey dey scattered over few articles and X posts .
The first output go be scientific paper, possibly peer-reviewed, and a more educational book wey dey talk he theory in details



Resources:
7  Local / Off-topic (Naija) / Ambulance - Campaign - Ukraine on: May 10, 2024, 07:57:27 AM
Original Topic: Ambulance - Campaign - Ukraine
Author: derBowler


Ambulance - Campaign

Hello everyone.

I don contact una again because dey don approach again say if we go fit organise few more ambulances.

The campaign for emergency vehicle wen we do last na the great one wey plenty doctors for Ukrainia don already join forces and dey dey use am travel go visit places for the country and dey dey use am provide medical care help but dey no longer dey drive am go Hospital because say infrastructure don destroy or e no longer dey able to do so themselves.
As ambulance dey very standard, be like mobile operating theatre, e dey even treat difficult cases, even soldiers and Military dey benefit from am, dey also dey ask for vehicle.

We, wey been dey organise aid transports and materials for all kinds for local people wey e don reach two years now, we go do anything wey we fit do to make am happen again.
As we dey get close contact with the military and with some aid organisations wey dey for the ground from the beginning and we don sabi each weller, we know say everything wey we dey gather together for here go arrive there and e go go the right hand.

So everything, and we really mean am say everything, goes one-to-one into the Projects and help for the People in Ukraine.
https://bitcointalk.org/index.php?topic=5387906.msg59398990#msg59398990

However, as this one don pass our financial means, we now dey dependent for external support, as say this one dey very different and no dey easy.

Maybe you go fit imagine to support us for this local project, no be say e go big ooo, but small small e go big and together we go dey strong.
 
Make you feel free to advertise am and we go certainly report am like the other projects.
Unfortunately, this kind help is still seen as very critical, which go also leads to hostility etc. so dey careful wen you wan ask, we don already experienced am a lot for here.

But I go still believe make we no stand idly by, especially wen e dey ultimately about Europe, our homeland, and the People in Ukraine who be like you and me, already wey get small and now everything don go, so make we shall help those who no get well off.

I go like make i say thank you and I dey hope for a lot of support so we go fit give some people some peace and above all hope.

With wetin deh my mind, everyone stay healthy and if you get any questions, just write am to me, Abeg

Greetings Tim

for Bitcoin : bc1qcatsxvw057khlcazrzpl33rje8lvjnyz6ryxxh


for Ethereum : 0xD7638eb545678a58A9Fd77B12eb7dF5C30Cec0D5


PS: I get very much hope say we go live together peacefully again at some point, but this one doesn't look like it at the moment, make you take see new problem wey israel and Iran again all wetin remain na to stick together. Those wey dey try do well should perhaps help the poorer ones to restore balance and give the poorer ones a little hope again. Thank you
8  Local / Nigeria (Naija) / Why people dey plagiarise for forum and how we go avoid am. on: May 07, 2024, 04:31:34 PM
Original Topic: Why people plagiarise in the forum and how to avoid plagiarism.
Author:KingsDen

E better make them dismiss student wey dey institution for 1st year than for student to dey 4th or 5th year. E better to imagine am than make e happen for real say they ban account when e don become snr member+. Since I know the badness of plagiarism punishment for this forum, I never tire to dey talk about am.
This time around, I don open this thread make i take help newbies make dey dey try avoid this danger called plagiarism.
I go talk about the possible reasons why people dey plagiarise for this forum and suggest solutions.

WHY NEWBIES DEY PLAGIARISE:
1. Them no know the consequences wey dey for plagiarism for this forum:
Person wey know the in and out of the full consequences of plagiarism for this forum no go fit plagiarism. The victims of this plagiarism na people wey no know the severe consequences of plagiarism for this forum, this people na mostly newbies and low ranking members.  

2. Posting wey dey impress:
When person begin dey do post wey go impress other users, he/she fit shift from em abilities. This go con lead to dey create unnecessary long posts, and to con dey try to maintain the quality throughout the content, go con fit lead to plagiarism.

3. Little/No knowledge on the matter wey we de talk about:
This very act dey result to epileptic composition. Whenever a user commot from em core essence, e must go steal to dey relevant. E go lead to emergency research wey go born plagiarism.

4. Hunting for merit:
When the purpose of the matter no dey to talk about again, learn and impact, the purpose don die as e dey arrive. In the hunt of merit, the user go con dey spam dey plagiarise unknowingly sake of say e wan get the desired goal(merit).

5. When person no know the methods or rules of citation:
Plenty users no be only the newbies no know the conventions of citation(intext, outtext, quotations, inclusion of url). If user no sabi this thing, The issue of plagiarism go be secondary matter. Factually some users don make am become normal thing to dey copy person work verbatim and for the end con still include citation, thinking say e dey right. I go happy if person open  thread on the various ways of citation.

6. Lack of confidence:
Low self esteem fit lead to plagiarism. When you no believe yourself con dey talk of your work. When you the feel say everybody work better pass your own, when you want be like everybody. This go give you the mentality say you be second option to everybody, hence you go start to dey plagiarise to make am standard.

7. Geographical differences:
As @Lucius point am out for my previous topic, he dey talk say why people dey plagiarise na because of how strict and lenient they dey on plagiarism for their countries.
I believe say big differences dey between people from different parts of the world regarding the thinking of plagiarism - home and school dey play big role for this matter here.

8. Laziness :
Sometimes this plagiarist go know say na crime he wan commit, but because of laziness to cite the authors, or show fresh  idea, he/she go con deliberately plagiarise.

HOW YOU GO FIT AVOID PLAGIARISM:

1. Make you read forum rules before posting:
https://bitcointalk.org/index.php?topic=703657.msg7955645#msg7955645

2. Be original :
One of the hardest things to do for this life na to dey live another person version of life. If you follow this lane, you go end up as learner all this time wey you dey this forum. When you be your real self, you go discover this part of yourself wey be say people wan even plagiarise, either your tone, your humor or intellect . This go create niche for you and plagiarism go commot from your part for you.

3. Post only when you get value to add:
Try no de jump enter  every  discussion, maybe as you de try complete your weekly task . If you join discussion wey you no get value too add, you go see yourself they rephrase and summarize people comments to produce your own. Though dey fit no punish you because of this matter, but na bad habit.

4. Always dey conscious of plagiarism:
When you dey type with consciousness of plagiarism, You go overcome wetin dem  dey call unintentional plagiarism. You fit likely fall victim if you no consider am during work.

5. No post immediately after you research:
Make sure see you no post immediately after you just finish research. If you do am, you fit likely find am difficult to differentiate your personal ideas and the  ones wey you get from research wey need make them cite am.  

6. Get good time management:
All your work, written , audio, visuals etc represents you. If you do am fast fast , nobody go know and defend your weakness. Always they give your best even if nobody dey watch, they fit no get second chance again. Therefore, always dey take your time to prepare your work, if they get things to cite, you go always get time to do am. Like this plagiarism fit dey avoided.

7. Test run your work with plagiarism checkers:
That feeling when you check your work through plagiarism checkers con discover say your get 0% plagiarism and 100% unique. Na wetin your indicters dey use, E go dey cool if you use am yourself to know the quality of your post before you publish am.

8. Cite the real Authors:
If you use person intellectual property, no be big deal, cite the real owner con move your way.

I sincerely wish say this topic fit help, especially newbies and guide them make them no go commot sin wey go later hurt them for the forum.
Thanks all!
9  Local / Nigeria (Naija) / How you go fit announce yourself as a Newbie! on: April 30, 2024, 05:40:51 PM
Original Topic: How to announce yourself as a Newbie!
Author: KingsDen


I don identify three (3) methods wey newcomers fit announce themselves to the forum. For this post ,I go analyse the three(3) con still talk about the methods to adopt to as newcomer .

    1. Learn before you post
    2. Post as you de learn
    3. Post without learning.

  Learn Before You Post:
For this method , newcomer suppose just only read for the forum make e no create topics or reply any thread for some days.
Read the rules and regulations of the forum, read post wey dey mainly talk about beginners and Help Board, open the profile of the established members wey you dey admire con dey view last post wey this person start, they read post of your fellow newcomer wey get plenty merit. With these ones con join some information wey dey give you by person wey invite you join the forum, you dey go to go e mean say you don ready.
Na this method na e me I use, however, no be the best method, you go suffer because, some established members fit go mistakenly think say you be person "Alt Account". If e happen no matter how good your post be as newcomer, those people no go permit am, they go think say na one Hero or Legendary member na e dey run the account for back.

Post As You  De Learn:
This na the best method to adopt as a newcomer. When you dey learn, you fit dey create posts dey ask questions where e dey necessary. By this, people go see your willingness to learn dey go con help you grow.

Post Without Learning:
Apart from this forum, you no go fit excel for any organization whether na offline or online wey you no go no anything about the organization's dos and don'ts. To follow this lane go just dey disastrous, sake of say you fit go later end up dey spam con still dey cause nuisance for the system. For this category, some newcomers go say them no know say dey no dey allow plagiarism for the forum, as if say they get any forum wey Dem they allow plagiarism.

Conclusions:
Newbies , dey always dey open to learning even wen e no dey related to crypto. You go discover say this go also help you improve your reasoning (analytical) skill, writing(typing) skill and your ability to take dey associate reasonable with humanity.

I sincerely wish say this go for help some newcomers
Thanks all!
10  Local / Nigeria (Naija) / [ANN] 1miau BBCode table formatting discussion service on: April 09, 2024, 10:24:55 PM
Original Topic: [ANN] 1miau BBCode table formatting discussion service
Author:1miau


You b dey get discussion way need formatting  for BBCode for your Bitcointalk post?
E no mean say you no get hope because for any issues wey dey, we go try find solution to am. I don launch my topic for here where you go fit ask any questions wey you want about tables and BBcode. I go try solve the issue by say I go  format your table here for free.

Yes, Na free i dey do am.

Rules:
- Requests dey free currently, I no dey charge any money.
- I go fit remove any request per say I no go take permission from any body.
- Dey no get final date wen your problem go dey solved because say i no dey dey available all the time.  
- If you want your work to dey fast you go even message me for my PM.
- If you want make i help you, abag post the table wey you wan format currently and abeg point the place where the issue wey you wan solve.  
- E no dey guarantee, say your problem go dey fixed as BBCode dey very difficult sometimes.



Helpful links / FAQ

Some suggestions dey if you want use tables on Bitcointalk
Your picture for the first column of table is getting displayed too small (solution from o_e_l_e_o / noorman0)




1miau dey available to dey help you for free.



Happy BBCode formatting.  Smiley
11  Local / Nigeria (Naija) / Wetin be Address Poisoning Scams? on: March 25, 2024, 06:35:56 PM
Original Topic: What are Address Poisoning Scams?
Author: Pmalek


Many of una for don hear and some of una even don experience the address poisoning scams. Na new type of fraud   wey don dey popular for 30-40 days now. E dey appear for blockchains with cheap transaction fee, e go allow scammers to take send many low cost transactions. I never read of any case where this thing affect Bitcoin network, but e still good to know about am just Incase say you experience am for future for your BTC wallet. Hardware wallet manufacturers like Ledger don say scammers dey target their users too. So stay alert.   

Wetin be Address Poisoning, and how e take dey work?

The scam dey work when Dem send potential victims small (near zero) crypto transactions. you go see new entry for your transaction history when e happen. The address wey go send the coins/token go resemble your own. The first and last two or four characters go dey identical.

The scammers go wan make you think say na your own address. So you go con copy am from your transaction history when you wan send money to yourself or another person . For this kind matter now the money go enter the scammer account no be your own. 

For which Blockchains wey Address Poisoning dey common pass? 

People wey been dey use this blockchain network don already experience this address poisoning for one way or the other:

1.   Tron
2.   Binance Smart Chain
3.   Polygon
4.   Ethereum
5.   Maybe others

Safety measures and Wetin to do next

If you be victim of address poisoning, dey no get any reason say make you fear. Nobody dey target you personally. Fraudsters to choke eyes for those people wey dey do transactions well well wey dey move better amount of money.

Your coins no dey at risk . Your private keys/seeds never leak, and nobody fit dey control your own address, no matter the transactions history. Dey no get any protection against address poisoning per se, because you no fit stop person make e no send you crypto. E go dey safe say make you use those coins too. 

E get somethings wey you go need do to always dey safe when you dey send or receive crypto:


•   No ever copy address from your wallet transaction history.
•   No ever copy address from blockchain explorer.
•   Dey always generate or copy addresses from your wallet's receive or  addresses tab.
•   When you dey send coins go another place, copy the address from the source or destination.
•   If you dey transfer crypto  to different person, tell the other person say make e send the correct address.
•   Verify the full address, no be only the first and the last characters.
•   If you dey use hardware wallet ,ensure say the for your software de match the one wey de show for your device screen.  
•   Dey ready to double and triple check if you need am because Dem no fit reverse cryptocurrency transaction. So once your money don go e don go forever be that. E better to spend extra minutes dey check  wetin you dey do than to regret say you no do am.


For more information on address poisoning scams, make you take look at this sources:

Beware Of Address Poisoning Scams
Address Poisoning Attack, A Continuing Threat
SlowMist: Another Airdrop Scam, but with a twist
12  Local / Nigeria (Naija) / How we go take Generate a signed BTC transaction using Electrum and Trezor on: March 20, 2024, 08:11:33 PM
Original Topic: How to Generate a signed BTC transaction using Electrum and Trezor
Author: krogothmanhattan

   I no dey always feel comfortable to dey carry any large amount of Bitcoin for my phone hot wallet when I go need carry am incase say I wan buy or pay for something by myself. So after I don talk am na  Dey con tell me of better way wey dey safe make I no get my BTC for my phone but I go fit still send am go another person address when I want.

  Weytin I go show you now na the steps to take forge or CREATE Bitcoin transactions of any amount and forge am go the address wey you wan send am go. You fit still send the BTC go your own phone hot wallet from there you fit send am go any where wey you wan send am go.

  So if I go ever need send big BTC to person by myself I go just forge the transactions before my place but I go still broadcast am by myself.

  We go use Electrum and Trezor to take do this forged BTC transactions and the output go be raw Hex data wey later I go show you how e go take transmit for blockchain if e need am.


   Step 1

    Download Electrum https://electrum.org/#download
    Verify the download
If you no know the verification step Abeg read this article: https://bitzuma.com/posts/how-to-verify-an-electrum-download-on-windows/
    Warning: No install the downloaded exe file if you no verify the signature. If make many you lose your Bitcoins



    Step 2

    Once you don install am click on new wallet and this window go show. I labeled my new wallet Trezor2

   



     Step 3

     Click on the standard wallet option

     



     Step 4

      Click on using a hardware wallet

     



      Step 5
   
      E go tell you say make you select device for your Trezor. I selected the legacy account as follows.

     



      Step 6

      Your Trezor password go show..Enter your password con continue...

     



      Step 7

      Since I don get legacy Trezor account I  select legacy from the following options...

     



      Step 8

      The following dey self explanatory....I chose to not encrypt.

     



     Step 9

    Electrum go work with your Trezor to create addresses or copy the public addresses wey go go your PC.

     



      Step 10

      Once you don all these things the wallet window go open.

     



     Step 11

      On top the tab click send and the following screen come open

       Enter the public address wey you wan send the Bitcoin to and the amount.

     



      Step 12

      No press the send button instead press the preview button as follows...

     



      Step 13

      A new window go open con show ....Click on SIGN now....

     



     Step 14

     Once you don click the SIGN button .... You go see one new small window wey show SIGNING Transactions as follows..

     


     
      Step 15

     Your Trezor go show you password to take confirm am.

       


       
      Step 16

      Now Trezor go tell you say make you verify and confirm the transactions...

     

      Step 17



     Once you don complete am you go con click on Copy

     



     Step 18

     Wetin you just copy na raw Hex data  wey go look like

     


        Step 19

       To confirm say your raw data dey send go the right Bitcoin address you go click on decode raw data button

       

         Step 20

         Paste your raw data for the box below then click DECODE TRANSACTIONS. Wetin you go see dey below......

         I don circle where you suppose see the BTC address where dey go send your Bitcoin to.

         



    Step 21

     You fit do these one when you no dey busy because say you know say your BTC dey safe until you broadcast am. Once you don do am e dey go the address wey you choose. If you ever lose your data your BTC go remain for your Trezor wallet. So you no go fit ever lose your your BTC due to thief or say them hack your phone!!



     Step 22

      Once you don ready to transmit for your blockchain go here go paste for TRANSACTION HEX then BROADCAST TRANSACTION.

      https://live.blockcypher.com/btc/pushtx/


E dey simple!  Cheers!!   Wink

   Thankyou Yogg for showing me the path to enlightenment! Cheesy
13  Local / Nigeria (Naija) / Importing Vs Sweeping Private Keys; Wetin you need to know. on: March 17, 2024, 03:38:23 PM
Original Topic: Importing Vs Sweeping Private Keys; What you need to know.
Author: logfiles



Some people no too know of sweeping and importing and when them suppose import or export their private keys. So I con decide say make i talk about this topic oo I go explain wetin these two things be and wetin fit make person do one or another.



IMPORTING A PRIVATE KEY

Private key wey you wan import from wallet wey dey online or software or paper wallet  go another software wallet like Electrum, Armory, Mycelium or Coinomi mean say you dey move that private key go new wallet wey get existing collections of keys.
For this case, if any coins dey the address before you import em private key, dey go fit see am and access am from both the old wallet wey dey been export the keys from and the new wallets wey them import the keys to.
After dey don import am,the new software wallet go be the same or e go be the copy of your original wallet.

PROS
    • E dey quick, the whole process to export and import the wallet  dey fit do am in a very short time if person knows
 wetin he dey do.
    • E no need fees at all as e no dey involve any form of transactions

CONS
    • If dey compromise the original wallet paper keys or if another person get copy of the paper wallet's private keys , e  mean say s/he fit dey spend your coins even after you don import am go new wallet.
    • E go distorts your new backup wallets especially with Deterministic wallets (wallets were dey use seed phrases to take restore the addresses wey dey like electrum). E mean say after every private keys wey you import, you go need to do  backup procedure.

CAUTION⚠️
Once wen you don import private key of your paper wallet go new software wallet, e dey important say make you back am up immediately even if no plan to use the new software wallet/hot wallet for a long time.

This na because if you wan make Bitcoin transactions, even if na small amount, the go spend the whole Bitcoin amount and they go send the change back to your wallet but na to the one of new addresses and no be the original paper wallet wey you import.
E mean say you don import private key of your paper wallet wey get some Bitcoins say 10 BTC go new software wallet. After that one you go con do online shopping con decide say you wan spend 2 BTC. Wetin you need know be say even if you wan only 2 BTC ,the whole 10 BTC wey dey your address na e  dey go spend when you dey do your BTC transactions and the change (for this matter now 8 BTC) dey go send am back to your new address wey get different PK but na the same wallet.

This one go make the original address (paper wallet )empty. Therefore, if you delete the software wallet (hot wallet) wey you no back am up. E mean say you go lose all your BTC wey you been send go the new address because you no go get any other way to take recover the wallet.

SOLUTION TO AVOID LOSING COINS
- Back up the new wallet as soon as you don finish to dey import.
- Make you resend the change go back paper wallet before you delete the software wallet (but for his case your privacy go dey compromised). The better advice na to send am go new paper waller address.

Note: Consider this warning well well  if you wan make transactions from your new software wallet and you plan to use the paper wallet storage method after or you dey try lose  your Bitcoin.

SWEEPING PRIVATE KEYS

When you dey sweep a paper wallet or private key  go software wallet, you dey create new transactions go public address wey go empty your original wallet  e mean say paper wallet.
E mean say after the sweeping process, dey go send your coins go new public address  for your software wallet wey go con get new private key wey dey stored for encrypted form for your device.

As e dey like say you dey make transaction for the blockchain go new address, dey go commot transportation fee from your whole balance and the rest of the amount dey go your wallet.
Also, unlike wen dey don import am after any sweep ,dey go fit see and access your coins only from your new wallets wey you don already sweep your private keys.

PROS
   • Your new wallet recovery seeds no go fit break because say the sweeping procedure mean say you fit easily recover your wallet if you use the seed phrases wey you use take create am without any stress .
   • E de safe in case say your original paper wallet dey compromised. New wallet address after you sweep am mean say as at that time na only you know your private keys.

CONS
       • You go need pay your transaction fee make you fit do this procedures.
   • You go need wait make Dem confirm the transactions make the whole process for fit dey complete... E fit dey slow because of network and fees.
      
WHEN TO SWEEP OR IMPORT PRIVATE KEYS

    • E dey very importance say make you import your private keys when na ONLY you know am.
  • If you get feeling say your private keys don leak or say another person don copy am. The best thing to do is to sweep your wallet
  • You fit also sweep your private keys if you wan take your coins go new address and destroy the paper wallet.
  •Also e dey important to know say if you dey receive periodic payments for your old paper wallet before you sweep am ,  the payment go still continue to dey go old address no be the new wallet address . This one mean say you go either dey manually re-send the coins go new wallet or you go just change the periodic payments details go your new wallet public address. Incase say Dem never compromise your private keys before. To dey import your wallet na one of the most reasonable things to do for here.

SWEEPING? WHY NOT JUST SEND MY COINS TO A NEW ADDRESS I OWN?

Sweeping and sending na actually the same thing, the only difference say with sweeping, you dey make transactions wey go sometimes involve small small inputs .
This na because certain wallets dey generate so many addresses for security and privacy sake so that dey no go fit easily track your transactions and expenditures. So as time dey go your different address fit get different small coins wey we no fit spend (balances).
E fit dey challenging to dey send am go your new wallet address and sometimes e fit even dey impossible but with sweeping, you fit send am easily all your small small coins wey you no spend go go new wallet address and e no go de stressful.

WALLETS WEY DEY SUPPORT IMPORTING AND SWEEPING

    • Ledger Nano S
    • Trezor
    • Exodus
    • Bitcoin Core
    • Electrum
    • Jaxx’s Chrome Extension
    • Mycelium
    • Coinomi
    • MyEtherWallet
    • MetaMask
    • Coinomi
    • Mycelium
    • Armory



UPDATE
* Caution section added thanks to LoyceV
* Russian Translation by madnessteatИмпopт или cвипинг пpивaтныx ключeй
* Indonesian Translation by ryzaadit[EDUKASI] Importing Private Key vs Sweeping Private Key | Mana yang lebih baik?


Any other possible additions and suggestions dey welcome,
Thank you.
Sources and Reference:
- Private Keys: Import vs. Sweep
- Highlighting The Difference Between Sweeping & Importing Private Keys
- Sweep VS Send?
- Bitcoin Wiki

14  Local / Nigeria (Naija) / Bitcoin halving only 100 days away: on: January 22, 2024, 11:45:56 AM
Bitcoin halving only 1 year away:
DISCLAIMER: This is not a 1:1 translation but 1miau gave me permission to present it here.

Bitcoin Halving only 1 year away

Yes, you hear am well!
Na only 100 days (87 days and a few hours, make we dey accurate) remain before Bitcoin next halving go start  


https://buybitcoinworldwide.com/halving/


Weytin be halving?

Miners dey collect reward because say Dem find new Bitcoin blocks, miners wey dey do Proof-of-Work  dey create new blocks every~ 10 minutes.
To dey find blocks for miners e mean say you go dey get blockreward wey dey valuable BTC, too.
And these block rewards wey Dem attach to each Bitcoin blocks go dey reduce as time goes on halved.
E dey part of Bitcoin as asset wey scarce because all of us know say, Bitcoin dey limited to 21M coins.
Each 210.00 mined Bitcoin blocks, rewards go dey halved (= Halving).
210.000 Bitcoin blocks go dey roughly around 4years but e depend on Dem take mine all the 210.000 blocks.
When Satoshi launch Bitcoin,block rewards been dey for 50 BTC per block.
Here na overview:


We still dey early

After dey halve Bitcoin blocks rewards for May 2020 from 12.5BTC to 6.25BTC per block, we go see need halving for this 2024(wey fit be this April 2024), E go reduce Bitcoin block from 6.25BTC (wey actually dey valid) to 3.125 BTC per block.

And true true, we go need agree say 3.125BTC per block dey very low:
Bitcoin halving dey remind everybody  make them know how scarce Bitcoin takes be.Smiley
This one dey important make una remember how we take de close to Bitcoin halving.
Na only 87 days remain to go.Wink
15  Local / Nigeria (Naija) / Historical Coinmarketcap: ranking for all cryptos at any time from the past on: January 14, 2024, 04:33:23 AM
Original Topic: Historical Coinmarketcap: ranking of all cryptos at any time from the past
Author:1miau



If you wan know coin we been de rein before you fit check the historical version of Coinmarketcap.com. For this version, E dey possible make Dem show Coinmarketcap anytime from the past, and you fit see the ranks wey all cryptocurrencies dey for that time and their price too.

For https://coinmarketcap.com/historical/ they get plenty times wey you fit choose from:




The time wey dey early pass na April 28,2013.

Or you fit do your own URL you go just change the date to weytin you want. The URL get place wey get em date for this kind format YYYYMMDD(year-month-dag):

https://coinmarketcap.com/historical/20140505/

For example now, this one go show Coinmarketcap for May 5, 2014. If you wan see May 6, 2014 you fit just change the link to:

https://coinmarketcap.com/historical/20140506/

But for the first few months of this historical data you no fit do am the way you want because say he no dey give data for everyday.



16  Local / Nigeria (Naija) / [Guide]How you go create your customized Bitcoin-Address (vanitygen)–stepbystep on: January 08, 2024, 07:00:58 AM
Original Topic: [Guide] How to create your customized Bitcoin-Address (vanitygen) – step by step
Author:1miau



Maybe you don ever see a Bitcoin address wey the first letters na word, similar like this:

1fudCz15sHGR8L2YQnaG4JVMjMQpaDo37
1BTCTUnYLskK7N9nXb17wf6oVYMYrX5WHG
1DogemNVw8AZnMf3cB4L1wijGnr9DVKzia
1Fomo7V86nWrjdv6JzU7yavtp5hfzZWsZr
1NewbornSeatQVC9vegVHnxVseNAhhxewb(1)


Na dis kind address Dem dey call vanity addresses and dey relate to theory part, E fit even de possible to de do am small small maybe na just chikini words na em no go dey, but e get the number of words wey you fit select. The reason be say you fit use am as tool and you fit also use am take create plenty address wey you like until you don see one wey be say you like how the letters take put together. The more wey the ones wey you wan use take long, E go dey hard make dem fit get am. E dey easy make dem find words wey dem use capital letter do dan the one wey Dem use small letters. For example now the word wey you wan use take start make e be 1Bitmover e go take like 2 months before you go even fit get 50% chance e mean say half of the chance. If na small letter you wan use take start am 1bitmover dis one go get 58 times e no fit dey possible. (2)
Dem go commot some letters because say Dem no dey part of Bitcoin addresses make e no con cause confusions:

l (letter lower L)
I (letter upper I)
O (letter upper O)
0 (number 0)

as well as all umlauts


Dem get plenty ways wey you fit use take do better Bitcoin address. But I go talk say make una use the obonge one wey dey with vanitygen, wey na samr7 for GitHub na em upload am. They still get plenty ways wey Dem dey give you for their website to take create vanity address, but I no go advice make una use that kind address for website. If another person join hand follow you create the address this one mean say (the website), dey get possibility say another person fit dey follow you use your own private keys. Matter like this been don dey before wey be say dem go steal Bitcoin from dat kind vanity address wey dem create for website because say if another person Sabi your personal keys he fit go thief your Bitcoin from your wallet.
Abeg this one mean say make una dey use the original version wey you fit find for GitHub and you fit run am without Internet. Any website wey dey tell you say you fit create vanity address without key wey Dem split dey dangerous.




Na so e dey works:

1. Download vanitygen:

You go first need go Github download the original files the real one from samr7 then you go con follow this link:

https://github.com/samr7/vanitygen


You go fit download the latest version:

vanitygen-0.22-win.zip

The latest version dey available here: https://github.com/downloads/samr7/vanitygen/vanitygen-0.22-win.zip







2. Turn off internet connection while generating your Bitcoin address

You fit still create vanity address when your Internet connection dey active, but for security matter you no need your Internet connection. E go even dey better and safe if you fit run am  for computer wey you never connect to Internet before, but you fit choose for yourself how you take want make your security matter go take tight and how e go take dey high .E go de good make your security tight wella make dem no con get kasala sake of say dem hack am  because e dey possible make your device dey under pressure.
If you want make your security tight wella you fit use this link take create your vanity address via split-key.



3. Open the Command Prompt / PowerShell

To take start the command prompt you go need right click for your window screen for the left corner of your screen you go con select command prompt (administrator) or you go just use this key combination Windows+R

or

If you do am like that you fit skip #4 if you open the Command prompt directly from where you store your vanity files:


1. Go the folder wey you store your vanitygen/oclvanity.
2. Use Command prompt :press
CTRL +SHIFT+Right click for any empty space wey de within the folder (no be for the one wey you wan use or files oo),you go con click"open command window for here". The command prompt go con opens. [1]
3. Using Power Shell: Press SHIFT+Right click for any empty space wey de within the folder (no be the one wey you wan use ooo or files ), click" Open power shell   window here".Now power shell (command prompt) opens. [2]
4. you fit start to dey enter the details wey you want directly with the way dey don take describe am for step 5.

(source: nc50lc [1], nc50lc [2])



4. Enter paths

This one go make may the Command prompt window open and e go start to dey ready e self to take create Bitcoin address.

The paths go depend on where you don been store your vanitygen files .I don save am for C:\ for the folder BTC, subfolder vgen. I go need enter this code to take find the vanitygen.exe file:

C:\WINDOWS\system32>cd/
C:\ >cd/BTC/vgen
C:\BTC\vgen>vanitygen.exe

Folder BTC
Subfolder vgen
File name vanitygen.exe

You fit try vanitygen.exe or you you go use the file oclvanitygen.exe, E Kuma dey your hand which one you wan use. The difference wey de between them be say vanitygen na CPU-based and oclvanitygen na GPU-based. For the 4-digit combine no matter weda e dey case-sensitive abi e no dey case-sensitive ,vanitygen dey enough for normal PC, oclvanitygen just dey faster if e dey work. For their technical background you go  see more koko informate for their original article from 2011: https://bitcointalk.org/index.php?topic=25804.0.

Now e go look like this (with the paths wey match am for where you don been save your subfolders and files):





When you don enter the file name for the .exe file wey de command prompt, you go con press Enter.



5. Creation of the address

Now you go dey see list wey dey show you plenty plenty ways of how you fit take do your own personal address:





They get plenty plenty comments, if you get time you fit try am but for this our test small commands go do. See this example now, I go show you how you go fit create Bitcoin address with this first letters "test", everything we dem write for small letter to take create Bitcoin address go start with 1test.

E get somethings wey you suppose put for mind: the more wey the beginning long  and how e go take long to take search for am but e no fit dey possible if you use 4-digits, but e go take time more if e get plenty digits. For this matter now if you want make e get capital letter and small letter (case sensitive), e go take time pass if you do am wey e be e no need capital letter and small letter (case insensitive).
If e dey okay for you to use capital letter and small letter (TeSt, teST…), then you go add this ine to take change the command -i (case insensitive).

To create the 1test address you go need follow this command:

-o C:\BTC\vgen\test.txt  (saving the found private and public keys in a text file)
1test  (the beginning wey you want)

Na weytin your command suppose look like be this now:

C:\BTC\vgen>vanitygen.exe -o C:\BTC\vgen\test.txt 1test





If you don ready wey you don do all this things wey dey up so then you go press Enter.





Now the tool go dey search for your public key wey dey correspond with the beginning wey you use (rate: 1.17 million keys per second). 50% for 2.4 minutes mean say e 50% possible to take find public key with 1test for the next 2.4 minutes.  The 5.1% mean say de get possibility say de go fit find a hit fit the keys we de don be calculate.

If dey get hit ego show and e go stop to dey search. Another time you fit still add the comment -k, to take search for plenty hits till you close your vanitygen.
Abeg still dey careful and no go overdo am. Dem fit go overtax your PC or laptop if e performance no dey high and e fit damage or destroy am. The example for this 4-digits beginning no suppose to be problem is, but the more wey you digit plenty the higher e go be to find your address.





And surprise surprise after small time now (around dah kind 2 minutes) vanitygen go dey successful and e go don find address:

1testgTQyiDMvtN67kj1w6R6J9dbo6bwd

Then follow the private key wey join:

5K9qCsz17Bd1UxtS7HQWc2rKz6ssNaBHMzK8pJvYiDGVYvUSEWg

The result go store as .txt file for our folder BTC:





Eeehhn me I no go use this 1test address because everybody don know the private key and dey fit steal Bitcoin from am. E mean say no go publish your key for anywhere.



6. Save your key wey you generate publicly and privately

Security always dey very important when e come Bitcoin matter. keep the private key wey you create safe because e just dey like password to your Bitcoins. you fit write am down for shit of paper, store am for place wey safe and save am too for USB wey you dey only use for your private keys.



7. Done!

Now wey you don create your Bitcoin address successfully. If you wan enter am (like via Electrum) you fit look here. make sure say you test the address before you send big Bitcoin to am. They no get way to take find your private keys back if you do mistake.

To add to this one I don create another vanity address but I no go tell Una the private key:

1miau7e4tFSAGR4TkAJ8n32UMm2yLB9EH

Wink

If you like you fit post your own personal vanity address for here (but Abeg no do am with your private key if you dey plan to use am).


© 1miau
11.01.2019


Additional links:

Security advice from LoyceV
Vanitygen: Vanity bitcoin address generator/miner release 2011 [v0.22]
Rare address hall of fame



(1) generated by LoyceV
(2) on hardware of LoyceV




Update 04/04/2019:

Member Jean_Luc been developed another vanity-address-generator con published am for GitHub: https://github.com/JeanLucPons/VanitySearch

E dey very very fast pass vanitygen and e dey supports besides P2PKH legacy addresses (1..) also SegWit addresses P2SH (3...) and bech32 (bc1q...).

You fit  go check he do announcement on Bitcointalk here: https://bitcointalk.org/index.php?topic=5112311.0.



17  Local / Nigeria (Naija) / HODL na purely a mental challenge on: January 04, 2024, 07:30:33 AM
Original Topic: HODL is purely a mental challenge
Author:1miau

Anybody wey don been hear of Bitcoin for don hear about HODL too . Because say  people Sabi am well well (HODL) and na better way to take think of how you go take they get gain wella from Bitcoin for long time but they no go tell you how the things go long ooo.


HODL don de since  Bitcointalk  post wey Dem do for 2013, where dey talk say make person no sell em Bitcoin even though say e no dey get gain na so so lose e lose but make e wait until e don rise again.

But e dey very very important say make we wait because some kind error from HODL na:

-To quickly sell BTC con get small gain
-To quickly sell BTC sake of say make you reduce the way wey you go take lose Incase say them reduce price


Another mistake na dangerous coin storage wey we dey do, for example now for file sharing platform, which dey increase risks wey go get am hacked. But for my post and for big Bitcoin HODLers dey assume am say our coins dey store well well, wey be say HODL dey also invite us say make we do, Neva say HODL go only need make we dey transfer our coins some times no be all the time wey go reduce our transfer or storage errors.

Make we put am for mine after we don't talk am: mistake wey de common pass for this HODL be say we de quickly sell our valuable BTC. So we ghat know and ready our sef say HODL na pure mental challenge.

Person wey good for HODL go fit resist temptation to take get small gains early and person wey good for HODL fit keep em Bitcoin.
Good HODLer go dey cool even when e get loss.
Best thing wey we fit do na to move our valuable Bitcoin go where we know say e go de hard to sell am.
And make we no store am for file-sharing network at all and for place like centralized exchange sake of say we no get our private key for that kind platform (no be you key, no be your coins).

After all ,na very important lesson to know say HODL na pure mental challenge. If you know say you wan do HODL wella you suppose know and you suppose pay attention to all this wey dey mention above. Smiley


18  Local / Nigeria (Naija) / Old, formerly used keys / seeds Make we dey always saved am, and not throw away on: December 27, 2023, 08:43:02 AM
Original Topic: Old, formerly used keys / seeds should always be saved, not disposed
Author:1miau

Surely, you still get some old cryptocurrency keys / seeds wey you don already use am and E be like say you no need am anymore, so you con dey consider to throw way them. if na so, Abeg wait!

Some reason why you fit later regret say you throw away your old addresses, private keys, seed words, or similar tins wey u no fit undo:


  • f you don ever give your address to another person make e use am take send you transactions of cryptocurrency for your address, E fit make am say these people fit dey assume say you still get access to your address and dey fit dey send you some coins AGAIN (for any reason). because of some misunderstanding, Dem go con send cryptocurrencies to old address and you no go fit access am again because you no get the key again.
  • if you don send some cryptocurrency go that kind old address you don do your yourself accident, you no go fit get access to am again, because say you no fit get your private keys again.
  • Even if you don enter your address for any site/platform for regular payout address, any cryptocurrencies wey dem send to that address go lost.
  • E fit even dey possible self say an airdrop wey Dem fit do for all address wey dey hold certain amount of coins at time x. if you no get access to your wallet again, you no go fit get access and you no go fit sell that type of airdrop coins.
  • if Dem use your address to take create signature's, for example now for your Bitcointalk account, you go also lose all your possible items to take verify say na you get am wey you go create new signature from your address. All the signature wey dey don generate from that your address go de useless. In general you no fit prove am say na you get the address.
  • Make you no forget: even if you consider say your (remaining) crypto currencies wey dey your address say dey get low value, I go still keep my address in case say your coins go com rise in value. Applies to Bitcoin as well as Shitcoins.


Maybe some plenty reasons fit de sef for why you go need keep your old addresses wey dey valid but we no go talk am here for now. If you know say you get some wey dey free make you share am for here.  Smiley


Reasons go fit de wey go say make you no keep your old keys, for example now if you no throw away your old key or destroy am and person wey dey do bad thing E enter their hand, for example now Dem go dey use your account for signing from your address, but if you consider that kind matter say e no too dey Important compared to why you suppose keep your old keys address.

Na good thing and Dem dey always talk am say to dey keep old key and no dey throw away am na something wey dey advisable to dey consider.
19  Local / Nigeria (Naija) / [Voting 2025] Bitcointalk Community Awards 🏆 on: December 10, 2023, 12:03:16 AM
Original Topic:  [Voting 2025] Bitcointalk Community Awards 🏆
Author: icopress

Quote from: Discuss in [Eng][Rom][Ger][Filip][Ita][Spa][Cro][Pid][Rus][Ban][Pol]Last year's [Results] Quiz 2025 new [Live]


This year, the Bitcointalk Community Awards go celebrates its 6th anniversary! As dey dey do am before, your vote na wonderful opportunity to take express appreciation to those special people wey give their everything to our community and contribute to the improvement of our beloved forum. As we take look back on 2025, remember which events and users wey give you great impact. Just like last year, all the prizes na voters Dem go give. 🏆

       What prizes await the winners?

This year, our sponsor 🔥 Bustabit.com, [C]ryptioS dey take care of the prizes! This year, we go have 20 winners, each go collect $150 each for their Bitcoin addresses. Based on the voting dynamics for previous years, we go have two main pools, each with the same number of participants. For courtesy of GazetaBitcoin, they go get another special raffle with a personalized BTC Romania wey get custom plastic card + $200! 🎁 Note.




Pool #2 (0-99)
Pool #1 (0-99)
Pool #3 (All voters)



10 winners at $150
10 winners at $150
Special Raffle



                                                                                                                                                                     
      How e dey works?

For 60 days, public voting go dey open, wey be say any active user go fit join. Any user get right to take create e own separate campaigns thread, Also for this year the " vote power" rule go apply to vote wey Dem cast for 1st place winners for 2024 BCA, that type of vote go dey counted as 0.75 to 1 Note.

  • You fit vote for up to 3 users for each category Note.
  • You must talk why you dey vote for the person. Note.
  • You must get 10 earned merits for 120 days before you go fit vote / Nominees not fit send you merits to person wey go vote for them Note.


Custom title
Description of the Nomination



 
Hero of Good
Them go give the award to person wey no be leader before! new

This person go don dey serve this community and e go don leave better name ,person wey be say e name dey show the real spirit of cypherpunk. Heros wey don die too suppose get this award!



Forum Ninja
Them go give this award to person wey be say e name dey stand for trust and wisdom. new

Them dey always get users for this crowd wey be say the wey dem dey write and their objective gallant, those users wey be say everything we Dem de do de everywhere  and those ones wey be say you no fit imagine say Dem no dey Bitcointalk.



Bitcoin Geek
Them go give this award to person wey you feel say na e dey helpful the most for matters wey dey related to Bitcoin.

Tell us which of your person  wey too dey passionate about Bitcoin, wey fit easily tell you about all those things wey you no even Sabi or who just chose ASIC for your grandma.



Best Event
Which of their event matter do you the most?

This nomination na to take show respect to the most useful events for crypto community or the one wey dey important to you personally. Na the third annual award be this, you fit only vote or nominate important events wey happen for 2024.



Best Project
We dey talk about business or any project wey dey present on Bitcointalk. new



Discovery
of the Year
Or one of the most unexpected and at the same time categories wey de iconic, wey show say the forum still dey alive.

No be only JJC Bitcoiners Dem go give , but those users wey dey active and de participate for the life of the forum since .... Even sef you fit nominate your best Bitcointalk friend!



 
Help Buster
Them go give the award to the most outstanding volunteer wey de do work wey go the community go gain from. new

Them go give the award to the most outstanding volunteer wey de do work wey go the community go gain from.



 
Craft Master
Them go give this award to people wey be say Dem really like weytin Dem de do weather na to work or because say Dem just like to de do am.

We de think say this award Dem suppose give the person e deserve am among collectors,mangers,escrows, designers wey really de passionate about sports and p2p wey de motivate others make Dem dey bet for BTC.



   
Local Hero
You wan vote for your friends? Great! new

We know say plenty users no de pass their local sections,  so we go like know which person name the represent this or that community. Well make we see which person community de united pass



 
Miss Bitcointalk
Sha na girls de down for this Bitcointalk, 5 to 1, them still dey wonderful, interesting and important to us. I know say to choose three winners from our beautiful girls go be wahala, but Sha we go stee try.

Who you think say e suppose be Miss Bitcointalk?



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Quote from: icopress

Special thanks to sponsors: 🔥 Bustabit, GazetaBitcoin ... but also to PowerGlove, who offered an amazing help with counting votes for past contests. And also to those which brought suggestions for the quiz and also for updating the contest categories, such as Jayce, 1miau, NeuroticFish, SatoPrincess, fillippone. 🎅
20  Local / Nigeria (Naija) / Trade vs. HODL - avoid traps on: November 04, 2023, 01:14:40 PM
Original Topic: Trade vs. HODL - avoid traps
Author:1miau

After all, We know say bitcoin get value well well, so we go need safe guard am and even if e fit dey possible self make we increase weytin we dey hold but if we wan do like that ba, Make we dey sure say we don avoid plenty traps wey dey.
One of this plenty traps na to fall for misconception e mean say make we no get wrong idea on how we go take increase the gain wey we dey get from trading our Bitcoin for better way.


Trade vs. HODL



Bitcoin's fundamentals make am not comparable to HODL because Bitcoin’s supply dey limited to 21M units itself. By HODLing, Bitcoin go fit increase likely in value long-term and HODLing na our safest way to dey make profit. Risk dey low and e go likely succeed.
But we go dey patient and e go dey helpful and dey safe for long-term gains instead wey you go rush am and the profit no go dey secure.  


Technical analysis dey risky

Some people don dey talk am say, to dey trade through technical analysis na e be better and obonge way to take make money na lie because e dey very very risky, especially for short terms (day trading). if them go fit predict technical analysis, e for dey easy to take credit, give am to expert person wey don they for this business and e go get gain.
Dey careful make you no go fall for that kind thing, na scam!
Because if technical analysis na better way to take get gain , everybody for don turn to millionaires. Coder for don code all these "technical analysis patterns" make them fit trade according to them. That type of program no dey exist because e no dey work. Them no fit predict technical analysis and e no dey reproduce better thing.
Like xkcd explain am: technical analysis dey more like a pseudo science:


https://xkcd.com/2101/


HODL instead!

When we dey HODLing, we de take advantage of Bitcoin scarcity. Bitcoin dey limited to 21 M BTC. and every 210,000 blocks, block rewards (for people wey de mine) e go con dey like say dey don cut away some parts, e go dey reduce new issued unit of Bitcoin go be like every 4 years. By HODLing, we just de take advantage from Bitcoin scarcity because Bitcoin na something wey dey good to dey save. E fit dey easy to disappear for Bitcoin price but as plenty people dey wey them get to hold, we go dey see say the price don dey better and e don dey more stable-Demand go dey increase for Bitcoin even more as a store of value.

E fit take some years before we go fit see some better gain as per say Bitcoin price don de move for cycle for over 4years now but as e be like this HODLing don prove say e de reliable (and e go make Bitcoin no disappear like dat again). Wink

tl;dr:
Better HODL, don't trade!  Smiley


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