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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. make the 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!
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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!
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Original Topic: [ANN] 1miau BBCode table formatting discussion serviceAuthor: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 BitcointalkYour 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. 
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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 nextIf 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 ScamsAddress Poisoning Attack, A Continuing ThreatSlowMist: Another Airdrop Scam, but with a twist
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Original Topic: How to Generate a signed BTC transaction using Electrum and TrezorAuthor: 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!!  Thankyou Yogg for showing me the path to enlightenment! 
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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 madnessteat ➖ Импopт 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
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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 earlyAfter dey halve Bitcoin blocks rewards for May 2020 from 12.5 BTC to 6.25 BTC per block, we go see need halving for this 2024(wey fit be this April 2024), E go reduce Bitcoin block from 6.25 BTC (wey actually dey valid) to 3.125 BTC per block. And true true, we go need agree say 3.125 BTC per block dey very low: Bitcoin halving dey remind everybody make them know how scarce Bitcoin takes be. This one dey important make una remember how we take de close to Bitcoin halving. Na only 87 days remain to go.
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Original Topic: Historical Coinmarketcap: ranking of all cryptos at any time from the pastAuthor: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.
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Original Topic: [Guide] How to create your customized Bitcoin-Address (vanitygen) – step by stepAuthor:1miau
Maybe you don ever see a Bitcoin address wey the first letters na word, similar like this: 1 fudCz15sHGR8L2YQnaG4JVMjMQpaDo37 1 BTCTUnYLskK7N9nXb17wf6oVYMYrX5WHG 1 DogemNVw8AZnMf3cB4L1wijGnr9DVKzia 1 Fomo7V86nWrjdv6JzU7yavtp5hfzZWsZr 1 NewbornSeatQVC9vegVHnxVseNAhhxewb (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/vanitygenYou 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 addressYou 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 / PowerShellTo 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 orIf 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 pathsThis 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/ vgenC:\ BTC\ vgen> vanitygen.exeFolder BTCSubfolder vgenFile name vanitygen.exeYou 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 addressNow 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 privatelySecurity 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 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 LoyceVVanitygen: 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/VanitySearchE 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.
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Original Topic: HODL is purely a mental challengeAuthor: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.
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Original Topic: Old, formerly used keys / seeds should always be saved, not disposedAuthor: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. 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.
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Original Topic: [Voting 2023] Bitcointalk Community Awards 🏆Author: icopress i]Bitcointalk Community Awards[/i] na great opportunity for us make we express our appreciation for special people wey dey do their best for their community, and the impact wey dey get for forum. Na the reason why we dey here to sum up 2023 by voting for significant events or users wey you think say deserve an award! 🏆 What prizes await the winners?You dey likely hear from us many many times say public recognition na the most prestigious award, na really e be. However, our sponsor wey be 👻 [banned mixer] don make sure say the winners go really feel say they mattered. In addition, [C]ryptioS also dey prepare a surprise (dey go announced am later for this thread). Please no say Bitcointalk Awards 2023 no be official event and is run dey under protection of the community. Na only 27 winners in total go dey after we don do all the voting! |
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| | | 🥈 2rd place | | 🥇 1st place | | 🥉 3rd place | | |
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| | | Prize of $200 | | Prize of $500 | | Prize of $100 | | |
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The moment wey dey publish am, and for 60 days, public voting do dey open, in which any user wey dey active go fit do am. Any user get right to campaign for or against the remaining candidates in a separate thread wey dey created specially for this. Who go dey among top three winners for each respective category wey depends only on your activity. For voting system to work, any nominated candidate go get at least three users support. - Up to 3 users you go fit vote in each category ➥ Note.
- You gofit edit your application until the thread dey locked ➥ Note.
- You go get 50 earned merits to vote ➥ Note.
- No merit sending dey allowed from nominees to users wey nominated them ➥ Note.
| Custom title | Description of the Nomination |
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| | Absolute
Hero of Good | This award na for informal leader, (the presence of a cult is encouraged). 🎭
This man don dey noticeable has E don devote plenty years in serving the community and has left legacy wey we no no fit remove by doing community service wey no look like personal gain.
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| | Golden Feather | Dey dey present this award for participant wey him name dey get symbolizes trust and wisdom.
There are users for this forum wey dey always stand out from the crowd in writing style and objectivity, na those wey their posts always dey pleasant to read, and discussions with them dey bring satisfaction.
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| | Bitcointalk Ninja | This award na for exceptional contribution to the development of Bitcointalk!
A person wey him activities dey extremely useful for the Bitcointalk community, or someone without whom you cannot imagine a forum. For this category, the people are judged base on true creative, and na now be the time to determine the best!
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| | Bitcoin Geek | This award na for the participant wey you think say na the person dey mostly dey helpful in the Bitcoin-related areas.
Make you tell us which of your knowledge is passionate about Bitcoin to the extreme, who go easily explain to you such nuances wey you even know about or who simply chose a ASIC for your grandmother.
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| | Event of the Year | Na which event get the biggest impact on you?
This nomination na the respect wey you dey show the most remarkable events in the crypto community or wey dey more significant for you personally. This na the third annual award, you go only nominate and vote for all significant events of 2023
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| | Fail of the Year | The most promising event, wey brought plenty of disappointment to the community. E dey more agreeable to remember events pleasure, but nevertheless, E go dey useful for us to draw conclusions in order to move away from disappointments in future. Na wetin be the most difficult thing for you to come to terms with?
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| | Discovery
of the Year | Belike say one of the most unexpected but at the same time iconic categories, which dey shows say the forum still dey alive.
This award is not only presented to novice Bitcoiners alone, but to other users wey also dey actively participating in the life of the forum over the past year ... heck, you go fit even nominate your best Bitcointalk friend!
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| | SpamBuster | Dey dey give this award to a volunteer user for their useful contribution to maintaining order on the forum.
We likely think say this award go best suit to most important figure among moderators & reporters or person wey you say em contributes in every possible way to the suppression of fake activity in the threads.
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| | ScamBuster | Dey dey give award to an outstanding volunteer wey work exclusively for the things way go benefit the community.
He dey always stick to a fairly strong moral codex, E na role model and dey consistently demonstrates an inexhaustible enthusiasm for identifying abusers (persons wey abuse) on Bitcointalk, (here [1] [2] you go fit get to know such users personally).
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| | Craft Master | Dey dey present this award to those wey love their craft with sincerely, whether na professional activity or a hobby.
We likely to think say this award is best suited to the most significant figure among collectors, managers, escrows, designers or users wey get strong feeling about sports and p2p that they motivate others to bets solely in BTC.
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| | Antihero | He never wanted to be a wicked person, but him go just do am to accept the rules of the game in which he “plays black” [no prizes].
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| | Miss Bitcointalk | Although na girls be the minority on Bitcointalk, 5 to 1, dey still dey wonderful, I understand say choosing three winners from among all our beautiful girls go be problematic, but still we go try.
Na who you think especially deserves to be Miss Bitcointalk?
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| _________________ | _________________ | |
For the most part, this thread na for voting, to facilitate the counting of votes / the thread for discussion and agitation e dey here.
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Original Topic: Trade vs. HODL - avoid trapsAuthor: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 riskySome 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). tl;dr: Better HODL, don't trade!
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Original Topic: Important to know: Difference Coin / Token and shady marketing practicesAuthor:1miau Bitcoin get obonge advantage pass shitcoin: you know say Bitcoin na quality coin e be. Bitcoin no need too much advertisment or marketing (Bitcoin no even need make you get money before you go fit Start to dey market am), Bitcoin na better quality coin e self. Bitcoin no need make you go dey ask say na token or coin. so e good and e de important make you know and Sabi d difference between coin and token. Because of new project wey dey release for the old platform people con dey start to dey confuse on how to take call cryptocurrency well. For these matter now we go expose how you go fit take dey breakdown all those big big grammar wey then dey use for their market to take make am big and to dey go well for these cryptocurrency for wan kind yahoo, yahoo way and tricky way. As e be ba plenty new project don dey make us "rich" from the shitcoin industry but e get one big wahala wey dey, na e be different terms like "Coin" or "Token" wey dey cause confusion for everybody. For this matter now, e dey very very important make we torch light wetin a "Coin" and a "Token" really be and na why e de important say make we Sabi if cryptocurrency na token or coin.
Coin A coin go be original cryptocurrency based on say the blockchain dey independent, wey the blockchain dey operated independently from other blockchains. E no matter whether Dey don launched the blockchain right away , copied or dey apart. Coins na means wey de fit use take dey pay for transaction fees on original blockchain. Examples for coins are: Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ethereum Classic, Cardano, Avalanche, Waves, Tezos and Dogecoin, etc.
Token A token is based on a blockchain Wey don dey already in existed before token was created . This token ghats needs to dey follow all characteristics of blockchain on which it is based on, you go need some coin from the original platform to take send tokens and all the transaction of the token go dey recorded in this existing blockchain. The platform wey many people sabi for tokens is Ethereum [ETH]. You go fit create Ethereum tokens on it, wey all the transaction go dey recorded for the Ethereum blockchain. Na with Ethereum coins Dey dey pay fees. Other examples of tokens na Waves tokens, wey dey based on Waves [WAVES]. Na Waves Coins dey dey use pay fees. Another one na binance token wey dey based on binance [BNB]. Na Binance Coins dey dey use pay fees. So, if you wan move any token, you go always need some original platform coins.
All the other coin wey you know dey dey called them "Altcoins" Except Bitcoin only. This one start wen for the time wey new project been dey dey on their own blockchain. Them the term "Altcoin" con dey arrange for one side. Na as Dem introduce Ethereum, many project con dey come,and e fit stay for as long as Ethereum blockchain de or e fit later go thier own blockchain. till then all of them dey Ethereum blockchain. So, make e for fit go well them dey call all of them "Alttokens" instead say make e be "altcoins"as for as say them be token. The name wey everybody de call this product na "shittoken" instead of "shitcoin" accordingly.
Lie lie marketing wey dey deceive buyersThe word "coin" dey always make people think say na one kind big better thing wey get plenty value while "token" they sound like something wey no too good, na because e don de like this na why them dey advertise their work as "coin" when true true na "token" e still be. Make una no allow all these one decieve una because all thier work na wetin dey dey do make them fit sell all thier useless and mumu project. Make una dey avoid all this kind project as per say na real red flag e be.  E get one strategy wey competing project dey do to take trash another competing project. maybe dey fit confuse and decieve una do competing work go una say na "token" but na "coin" e be because e dey base on e own blockchain. but all those competing project go con name am as token make them trash am and make una fit comot mind from am and make e de fear una may you wey be buyer no buy am as per say na competing coins. E fit even happen set all these competing project fit go Hire person con make may the person dey work for the other competitors marketing departments, work in marketing place they go con de change things there they go dey give am wrong identity make e dey confuse buyers and e go de change "coin" to "token" make the competitors coin dey look bad and dey go dey call am "Token".
ICO, ITO, Shitcoin and ShittokenThe word "token sale"wey everybody de use now them get am when plenty ICOs de use Ethereum and As e con be like that all person assets con be token any time wey them de sell am.make e fit better de con say make them call am ITO (initial token offering) instead of ICO (Initial Coin Offering), since them dey always given token for these point for majority of causes. These ones fit later become coins later. While them fit de argue am say ICO, where them dey give tokens e also mean say these token fit go later become "coins" and their old name token just de temporarily make them fit sell am early and record am as cryptocurrency, them no fit talk am say token na coin when e get e own blockchain wey e the base So, e dey important say make we know about this cryptocurrency right whether no coin or token and if na shirt (wey de for most cases/matter), call am Shitcoin or Shittoken, respectively. We go need talk about all these technical matter wella.
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Original Topic: [Free Entry ]🏏CONTEST ICC MENS WC 2023 AND DISCUSSIONAuthor:Gladitorcomeback  IntroductionWecome 2 di most excitin cricket Contest 4 di year! Di ICC Men's World Cup 2023 dey around di corner, and we're thrilled 2 bring you an electrifyin contest dat go test your cricketin knowledge and prediction skills. Predict, strategize, and compete wit fellow cricket enthusiasts 4 a chance 2 win incredible prizes! General Rules1: Usin a point-based system, we go select di top 10 earners. 2: No Registration Fees required. You have 2 earn atleast 5 merit 2 participate in di contest 3: Stay engaged throughout di tournament and Increase your points by predictin daily. 4: IT IS PROHIBITED 2 EDIT YOUR POST. Dis go lead 2 disqualification. 5: Pls submit your predictions be4 di start of di Match. We will not count di points once di match starts. Points BreakdownOne Time :1: Who go win di World Cup final: 200 points 2: Who go score high runs throughout di tournament: 200 points 3: Who go pick more wickets throughout di tournament: 200 points 4: Who go hit more sixes throughout di tournament: 200 points Submit your Above prediction be4 04 Oct 2023 [Afta dis date we will not consider your entry.]Every Match:Toss win: 5 points Team win: 5 points Best Batsmen: 10 points Best bowler: 10 points Sponsors
| Sr. | |Project Name | ||Project Description | ||Sponser Amount [ BTC] | | 01 | || BountyPortals | ||Marktin Agency/ Bounty & Airdrop Management | ||50$ worth | | 02 | ||Yours? | ||. | |. |
Escrow Information Fund go be officially escrow by irfan_pak10 Participants
| Sr. | |Username | |Registeration Date | | | 01 | |irfan_pak10 | |Sept. 18 | | 02 | |Yours? | |. |
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Total Amount Collected 4rm Sponsors: 50$ worth BTC Winners
| Sr. | |Position | |Usernname | |Amount | | 01 | |🥇Top User | |X | |40% | | 02 | |🥈2nd | |X | |20% | | 03 | |🥉3rd | |X | |10% | | 04 | |🏆4th-🏆10th | |X | |20% |
Local BoardsAll Local Boards members havin quality 2 translate in their local boards are requested to support. Your work go be appreciated.1: مسابقة ICC MENS WC 2023(Arabi translation) albon2:
Tournament management go be handled by irfan_pak10 and Gladitorcomeback who go charge a 10% tournament arrangement fee 4rm total collections.
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Original Topic: Bitcoin vs. Altcoins – projected MarketcapAuthor:1miau From the point wey I dey reason this matter, e go dey necessary make we understand how to review market capitalisations of cryptocurrencies. Because current market capitalisations go only fit reflect partially if cryptocurrency dey suitable as good store of value for long term. Current market capitalisations go dey very misleading, particularly for Shitcoins - caution!
Current market capitalization vs. projected market capitalization When market capitalisations dey consider, then between current market capitalisation and projected market capitalisation go come separate. Current market capitalisation E only dey among the coin wey never entered the circulating supply. Potential inflation by additionally issued coins is not taken into consideration here. Things wey dey very serious to know: - Circulating supply:
Current circulating supply (also dey among coin wey dey no fit reach, some of them dey from private keys wey don lost, etc.). - Total supply:
Na the number of coin wey dey currently in existing, coin developers don blocked coin wey dey among the current existing ones (e.g. at XRP) or coin wey dey never mined yet. Coin wey dey don durn no dey part of it, at such the coin no dey for exist (anymore). - Max(imum) supply:
Na the limit (coded) of maximum number of coins wey go ever exist. For some coins, total supply and maximum supply dey the same. - Infinite supply:
Na some coins wey no get caped supply at all and dey go dey issued plenty coins constantly.
For such coins, we go need to dey look up properly make we know how many of them go dey for circulation for some point of time because such coins too dey at risk for MASSIVE INFLATION.
Make we keep am for our minds say when circulating market capitalisation is given because e go dey misleading, as e go only dey represent a temporary state of coins wey dey for circulation and possibly plenty of new coin go later come to existence too. E do dey more reliable to dey consider an adjusted market capitalisation, where we go dey always choose time in the future and look Watin go explain circulating supply and resulting market capitalisation go look like. = > Adjusted market capitalization = choosing time for future (for example 2050) and make we comparing how the projected circulating supply and the resulting market capitalisation go look like between two or more coins.
Example Bitcoin: For example, e dey known say Bitcoin go have approximately 20,980,000 Bitcoin go dey circulation in 2050, wey at current prices of $20,000 go result in an adjusted market capitalisation of approximately $420,000,000,000. Wey we dey compared to current situation of a market capitalisation of approx. 382,800,000,000 USD (at 19,140,000 BTC), e will only be a difference of just under 10 percent. The way wey the number dey dey close to 0, no so e go dey store value. Practically, all other bitcoin competitors get higher significant numbers here.
Example Polkadot: Na Polkadot be the highly inflationary altcoin wey nPoS considered (which is practically dPoS). According to current sources, Polkadot's inflation dey amounts to about 10% annually, wey dey depends on how much Polkadot is staked. But normally e dey around 10% annually. In addition, excess Polkadot from inflation go circulate back to Polkadot founders even with different amount of staked Polkadot, as well as confiscated Polkadot, wey can be used or burned by Polkadot developers. However, na the only small sources about Polkadot's inflation, since Polkadot's statements of most official sources dey limited to the first year or Polkadot go even completely deleted most previously available sources, like here: https://w3f-research.readthedocs.io/en/latest/polkadot/economics/1-token-economics.html#inflation-model. E no dey available anymore.  Which is definitely a very big red flag!!!! Plenty information only dey available on third-party sites anymore which dey analyzed Polkaot’s documents when dey still up, such as here: https://www.coinbase.com/de/cloud/discover/solutions/polkadot-token-economics. Currently, Polkadot get a circulating supply of approximately 1,150,000,000 Polkadot at price of $7.36 per Polkadot, which dey results in a current market capitalisation of approximately $8,464,000,000. Assuming say na 10% annual inflation, the amount of Polkadot go increase to an amount of about 16,500,000,000 Polkadot by 2050, wey be 12 times plenty compared to now. At current prices of $7.36 per Polkadot, e will mean an adjusted market capitalisation of approximately $120,000,000,000, which go be worrisome 1400 percent above today's market capitalisation. Make this one be a reminder: Bitcoin na only just under 10 percent here. Anyone wey knows about markets go only conclude say the price per Polkadot go reduce well well by 2050. Considering the same market capitalisation in 2022 vs. 2050, the price per Polkadot go have to reduce from $7.36 today to $0.51 (!) in 2050. Conclusion: Polkadot na em be inflationary Shitcoin with large quantities of Polkadot Coins wey coming into circulation in the future will go to rich stakers... The price per Polkadot Coin go come down well well when looking at Polkadot's adjusted market capitalisation (for example 2050).
Summary Finally, e can be said for solid coins, such as Bitcoin, current market capitalisation and adjusted market capitalisation dey very close. For inflationary Shitcoins, current market capitalisation and adjusted market capitalisation dey far apart.
Predictability of projected market capitalisations Predictability of the adjusted market capitalisation means E fit dey possible for us make we know the amount for a certain cryptocurrency wey dey in circulation go be known in the future. We go need the number of coins wey dey in order to be able to classify a certain market capitalisation in the future. If no body fit talk am, how many coins dey for circulation for up to 20 years, then that cryptocurrency dey dangerous, this one alone fit make people run away from this cryptocurrency. Because Altcoin developers don't already know why dey no talk am such important information. If predictability of the projected market capitalisation no dey, therefore you dey buy the cat in a bag. My article lesson : analyzing the long-term assessment of a cryptocurrency as a store of value – by evaluating market capitalisation – and if the Altcoin fit match market leader Bitcoin.
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Original Topic: Debunking the "Bitcoin is an environmental disaster" argumentAuthor: fillipponeRecently I been dey hear bitcoin critics wey dey tell me say "Bitcoin too dey pollute", "Bitcoin wastes too dey get many energy", or oder similar arguments. Dose arguments dey old as bitcoin, even Satoshi discussed dose, and dey been debunk am several times, but I dey try here make i organise di material to counter dose accusations. I go try "answer" specific claims wit few counterarguments wey I support by data, websites and references. So dat e go be easier to organise a "defence" 4 Bitcoin in di unlikely case dat Bitcoin needs defence. - Defence
- Televisions, aeroplanes, Christmas lights, plastic, all dey require enormous amounts of energy dey produced and used: watin been di amount 4 energy considered excessive to dey produce am? Why dis calculation dey done 4 Bitcoin and not 4 oderr goods?
- According 2 data 4rm di Cambridge Bitcoin Electricity Consumption Index, devices kept on standby in United States alone go power di bitcoin network 4 more dan one year and half (a figure dat has been constantly decreasing).
- Mining bitcoin actually dey quite environmental friendly compared 2 mining oder Stores of Value (Gold)
Bitcoin dey recognise as store 4 value, makin it comparable 2 gold. In 2020, 3,200 tonnes of gold mined, equatin 2 approximately 90,301,440 million tonnes of CO2 emitted.
In comparison, Bitcoin dey estimate 2 emit around 37 million tonnes of CO2 throughout 2021, wit China powerin 65% of di hash rate in March 2021. China dey pledges 2 be net zero by 2050, along wit most of di world, unda di Paris agreement. Unda di assumption dis don dey achieve, dis go indicate Bitcoin go dey power by renewable energy by 2050, make am zero-carbon technology. In addition, gold minin dey renowned 4 being one of di most destructive industries responsible 4 pollutin drinkin water wit cyanide, mercury and oda heavy metals whilst destroyin pristine environments and causin damagin health effects. Removin reliance on di need 4 gold not only has di potential to decarbonise di gold reserve industry but also reduces dese negative environmental and health impacts. However, di reliance on countries stickin 2 di Paris Agreement is needed in oda 2 decarbonise Bitcoin.
Edit: Information on China's energy policy
China dey use di most cost-effective renewables and could viably generate 60% 4 its energy wit green energy by 2030. E dey estimate di renewable energy implementation go fit save China around 11% in monetary cost. Feasibly followin di laws of economics, Bitcoin miners go be more likely 2 use renewable energy sources if dey are cheaper. Dere4, reducin Bitcoin's carbon footprint.
Reddit Source
- Oda human activities produce comparable results.
Accordin 2 recent study, watchin Netflix 4 an hour produces 100g of CO2.
Netflix get 205 millions of subscribers.
Each Netflix subscriber dey watche two hours daily, on average.
Hence Netflix streamed 149 billion hours last year.
If each of dis hours go be 100g of CO2, den 2 watch Netflix, 15 million metric tons of CO2 will be add 2 atmosphere every year. Netflix alone dey almost one-third of di whole Bitcoin industry. So guess wat happens wen we add oda services.
- Accusation
- Miners wey dey China ravage di environment 2 produce Bitcoin. A large part of electricity production in China is made 4rm fossil sources, especially coal, and di ecological footprint of Bitcoin dey unsustainable.
- Defence
- Miners, by deir nature, have di incentive 2 search 4 energy at di lowest possible cost. Di energy market, like any oda, is governed by di laws of supply and demand. Di cheap energy is typically produced in excess dat odawise e no go exploited and literally wasted.
- plenty miners dey concentrated in large hydroelectric plants (4 example, in China) where di levels of production surplus are enormous and can thus obtain very low energy prices. Suffice it 2 say dat in 2017, compared to 250twh produced by di Yunnan dams, 155twh were used (95twh thrown away, since dey cannot be stored).
- Recent studies show dat bitcoin mining uses 39% energy 4rm renewable sources (solar, hydroelectric, wind, geothermal, etc.) and 25% 4rm energy derived 4rm nuclear power and, to a minimum, fossil fuels. Dis percentage is steadily increasin, especially in China, where di transition 2 low carbon footprint production is happenin more rapidly.
- Bitcoin dey help di efficiency of di energy industry; 4 example, e go fit help prevent "Renewable Curtailment" as well as makin it profitable 2 capture gas odawise destined 2 be burned in gas flaring wch encourages producers 2 reduce carbon emissions. Low-carbon energy projects such as hydroelectric, nuclear or renewables go be made profitable by sellin di excess energy produced 2 di minin of bitcoin.
- A very large part of di energy produced is not used correctly, partly because it despairs in unprofitable uses (dispersion in networks, thermal dispersion in endothermic engines etc ...) and partially because e produced in places or moments where not necessary (e.g., power plants producin durin off-peak times, nuclear power plants wen price dey too low, etc.). Well, in dis space, Bitcoin can make a massive contribution by efficiently usin resources dat would odawise dey wasted.
Notice dat rejected energy accounts 4 around two-thirds of all electricity generation. Dis energy is produced but ultimately does not go 2 practical work. Di amount wen dey waste annually dey around 66.7 quadrillions of BTUs (for short: "quads") of power. 4 perspective, dat is di energy equivalent of wastin 2.3 billion metric tons 4 coal every year.
Di potential 4 Bitcoin-powered renewables is already evident in China. A 2019 report by Coinshares found dat approximately 75% of Bitcoin minin comes from renewable energy sources, much of which stems from newly created hydroelectricity. Dese new revenue streams dey brought power plants online, wch odawise would not have been economically viable given existin conditions.
- Bitcoin is a battery.
So, if we think of Bitcoin as a battery, wat can we do wit it? Di critical properties 4 Bitcoin's battery are: 1) always on and permissionless (no need 2 dey find customers, just plug and go) and 2) naturally seekin low-cost electricity: e go dey always buy wen di price dey right. Given dose properties, Bitcoin's battery go assist renewable builds (and electric grids more generally) in several ways: - Interconnection lines: Wen developin new energy resources, you must apply dem 2 connect dem 2 di grid. Texas alone has over 100 GW of renewables in its lines. Dese lines go take years 2 clear. In di meantime, dese assets go dey online and earn Bitcoin.
- Project finance: Renewable developers need capital 2 finance build-outs be4 dey get customers. Bitcoin's battery is always ready 2 be di first customer.
- Geographic issues: Sometimes, di sunniest, windiest places are not di ones wit di most customers, so e dey hard 2 justify di development of new renewables. Bitcoin's battery solves dis, becomin a "virtual transmission line" of sorts.
- Timin & grid balance: Sometimes, wen di sun shines and wen di wind blows is not wen we need di most electricity. Yet, electric grids are marketplaces dat must balance supply and demand perfectly. Dere4, grid-connected renewables often have to "curtail" (turn off) if dey produce too much energy at di wrong time. Bitcoin's battery is ready 2 buy 24/7/365 wen di price dey right, turnin up and down as needed and participatin via direct power purchase agreements and demand response programs.
- Underperformance: Related 2 di timin & balance issues above, often, renewables produce more energy dan is needed on deir grid, leadin to subpar financial performance. Bitcoin's battery dey ready 2 buy if no one else will.
- Cleanin di grid: Even outside of renewable generation, Bitcoin's battery can help improve both emissions and di energy mix. 4 example, Crusoe Energy attaches efficient turbines and minin equipment to existin gas flarin sites, both improvin emissions and convertin energy into Bitcoin's battery. Takin dis a step further, you could even den take dose profits and reinvest dem in on-grid renewables elsewhere, anoda twist on di idea of Bitcoin as a "virtual transmission line" (aka battery).
- Accusation
- Di Bitcoin network is maximally inefficient. PoW leads 2 a considerable amount of energy consumption 4 each Bitcoin transaction if, 4 example, we compare it wit Visa.
- Defence
- Di energy consumed by di Bitcoin network is also used to secure it since an attacker who wants to try to destroy Bitcoin go have 2 use (dere4 buy or produce) a higher amount of energy compared 2 dat used by di Bitcoin network.
- PoW is efficient and minin is a highly competitive industry. Any slightest energy inefficiency is punished by lower profitability. Dis guides miners towards di highest possible efficiency.
- Di cost of minin is not the energy cost of transactions, and specific metrics dey claim to compare, e.g. Di price 4 single bitcoin transaction wit di energy consumption of a transaction on di Visa circuit, are entirely meaningless. Di minin mechanism serves precisely to make the system safe (4rm double-spending 2 oda possible attacks on di network) in a trustless network, i.e. without a central authority dat effectively updates di ledger. Di only honest comparison go be wit di overall cost of circuit security systems and bankin systems. How much is spent each year globally to make banks and payment systems safe and reliable? Wit all di dedicated servers, data centres, network infrastructures, and procedures constantly runnin 4 authorisation, settlement, clearing, reconciliation, etc. Not 2 mention di costs 4 di construction, operation, maintenance and surveillance of ATMs, bank branches, vaults and related security systems, etc.
- In very well-written article, Conio's Guido D.Assori (who signed di very first SegWit transaction), says dis is a feature, not a bug.
Here is courtesy translation of dis specific part of di article, where he answers Paolo Attivissimo's accusation about bitcoin consumin all dat energy 2 validate only 7 transactions per second.
All dis energy for 7 transactions per second?
Di third attack go be say Bitcoin go move 7 transactions per second, and dat in a nutshell 4 system of dis kind even a few kilowatt hours go be wasted (curious, den, dat Attivissimo remembers dis after acceptin Bitcoin donations for years, on his blog, of dis big problem).
Quickly: dis numba unfortunately arises 4rm a profound misunderstandin of di real decouplin between di technological infrastructure called "blockchain" and di transfer of value named in Bitcoin.
It's frequent, but dat does not make am any less wrong.
Premise: "It feature!", i.e. Di size of di Blockchain is deliberately small.
Bein able 2 write on a blockchain must be a luxury, in orda 4 it to remain decentralized, so dat everyone, at any time and wit relatively little effort, can autonomously verify di correctness of transactions on di network, and not just di large bankin institutions.
However, now at every moment of di day, on cryptocurrency exchanges, on custodial platforms, by means of pegged tokens, on sidechains, on Lightin Network, by means of CFDs, Bitcoins are intermediated and exchanged, or contracts dat are traced back to deir value , wit varyin degrees of enforcement.
And dis happens through a number of transactions dat are much more dan 7 per second, believe me! To expect di opposite go be like demandin dat our mornin coffee paid 4 at di bar be recorded by all di backups of all di nodes of all di interbank circuits in di Eurozone.
So hw many transactions, really?
In general it is an unmeasurable numba, and it go be less and less, di estimates go be more and more heuristic, also thanks 2 privacy preservin platforms.
We go say, 2 make di general idea, dat every transaction dat takes place on an orderbook of any platform, wch represents Bitcoin, go only exist thanks 2 dj fact dat, underneath, dere is di Proof Of Work wch, if necessary, allows di settlement of a precise state of a chain of transactions of indefinite length (my token goes 2 you, who gives it 2 him, who gives it to di oda, who breaks it in three and gives it to di oda, who collects 8 ). Make you no expect all the coins you exchange to end up noted down somewhere?
Simply, people dey rely on intermediaries every day 2 exchange value in Bitcoin witout usin a blockchain directly.
Di global concept of decentralization is maintained, relocation increases wit confidence on di last mile (not always! LN!) but di connectin element always remains the last, only, true, mandatory, digital ledger in which the compensation movements.
Dere4, comparin the imaginary 7 transactions (which is number dat was good in 2013, today dere are many more even on-chain) 2 dj world's ability 2 transact Bitcoin, and linkin it 2 PoW, is a bit like pretendin dat dere are, at all times, a sufficient number of armored cars to move all di gold in all dj vaults of di world dat intend to exchange gold.
Of course, dat's not hw e go works.
Bitcoin no be payment system but a settlement system. Dere4, di comparison should not be made wit payment circuits (credit cards), but wit di various settlement layers (SWIFT, CHIPS) or Fedwire.
On dis particular aspect, please consider readin A Closer Look at di Environmental Impact of Bitcoin Mining
Bitcoin na settlement system, not a payments aggregator
First thins first. Wat is Bitcoin, and wat is it not?
Bitcoin is a settlement system like FedWire. It is not a payments aggregator like Visa. I constantly see Bitcoin compared 2 Visa, MasterCard, or PayPal. Dis is di primary source of mathematical atrocities whereby Bitcoin's overall electricity cost is divided by its transactions and den compared to somethin e is not. Energy use per settlement transaction is a nonsensical metric by wch 2 judge Bitcoin's energy use.
Just like di 800,000 or so daily FedWire transactions are not a gud measure of di total amount 4 daily Dollar (USD) transactions, Bitcoin's 325,000 or so daily transactions are not a good measure 4 di total amount of daily bitcoin (BTC/XBT) transactions. Dis na because most bitcoin transactions no dey visible. Dey take place inside di payment aggregation systems of exchanges, on di Lightnin network, and yes, even inside of actual aggregators like PayPal, Square, or MasterCard. Only periodically are dey settled onto the Bitcoin blockchain as visible transactions.
Solutions wey dey like dis are referred to as network layerin. Dis is a tried and tested approach 2 separatin casual retail transactions 4rm heavier settlement transactions, and it is precisely hw we already do thins in di fiat monetary and payment systems. In such a system, di base layer, like FedWire (or Bitcoin), only acts as di final arbitrator of settlement transactions. Everythin else, wch is di vast majority of all transactions, happens in higher payment aggregation layers, wch are often entirely different systems.
In oda words, Bitcoin is not a competitor to Visa, MasterCard or Paypal. Instead, Bitcoin na independent monetary system dat aggregators can make use of.
Presentin Bitcoin's electricity consumption in terms of its daily numba of settlement transactions is a red herrin.
- Similar considerations go be made 4 a comparison between gold and bitcoin as "digital gold", and den in addition 2 di costs 4 di safe custody of gold, dose 4 its minin, refinin, smeltin, transport etc. should also be added. I challenge anyone 2 argue dat all dese go be considered particularly "green", but strangely I have neva heard anyone complain and ask to ban gold 4 its environmental impact.
A very Good long-form by Nic Carter debunkin a Bloomberg article on minin contains a summary of all di above arguments: Noahbjectivity on Bitcoin Minin Di Bloomberg columnist Noah Smith has a lot of thoughts on Bitcoin. Some of dem are really solid and engage wit di reality of di protocol itself, wch is rare 4 a member of di mainstream media circuit. He also discloses dat he owns Bitcoin, wch is impressive 4 an economist and an established member. So I dey pretty happy wit him overall. I do not want dis piece to be interpreted as a blanket critique of Noah's stance on Bitcoin. However, Noah's recent column in Bloomberg, Bitcoin Miners are on a Path 2 Self-Destruction, makes a few claims dat warrant a response.
Noah's basic premise is dat Bitcoin miners are effectively hoggin di grid in di various places where dey operate and risk gettin banned entirely. Not only is di notion of a global coordinated ban on minin far-fetched, but Noah dey relies on a few claims dat are dubious at best. Let's investigate.
A few "all-rounders" long form: Oda Useful Links: If you get any oda suggestions, pls point me in di right direction, and I go try 2 address every issue.
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Original Topic: [Voting 2022] Bitcointalk Community Awards 🏆Author: icopress Bitcointalk Community Awards na great opportuniti 4 us wey we go express appreciation go to special people who dey do deir best 4 deir communiti, 4 all di good deeds, and 4 di impact wey dey get 4 di forum. Even though 2022 na very challenging year 4 everyone, e no fit stop us 4 takin stock by votin 4 significant events or people wey you think deserve an award, (especially since dis year we go have 30 prizes!). 🏆 Wat prizes await di winners?Your dey hear 4rm us repeatedly dat public recognition is di most prestigious award, e really is. However, our sponsor 🦊 Betnomi dey make sure dat di winners really felt dey mattered. In addition, everyone's favorite [C]ryptioS dey also preparing a surprise (dis go be announced later in dis thread). Pls note dat Bitcointalk Awards 2022 no be official event and dey run am under di auspices of di communiti. |
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| | | 🥈 2rd place | | 🥇 1st place | | 🥉 3rd place | | |
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| | | Prize 4 6 mBTC | | Custom Ledger & 12 mBTC ➥ Note | | Prize of 3 mBTC | | |
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4rm di moment of publication, and 60 days, public votin go dey open, in wch any active user go take part. Any user get right to campaign for or against oda candidates 4 separate thread specially created 4 dis. Who go be among top three winners in each respective category depens only on your activity. 4 di voting system to work, any nominated candidate must get di support 4 at least three users. - Up to 3 users go fit vote 4 each category ➥ Note.
- You go fit edit your application until di thread dey lock ➥ Note.
- You go get 50 earn merits 2 vote ➥ Note.
- Dey no fit send Merit give person wey choose dem & Votes wey dey cast for absent users go no count ➥ Note.
| Custom title | Description 4 di Nomination |
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| | Absolute
Hero of Good | Di award is given 2 di informal leada, (di presence of cult dey encourage). 🎭
Dis outstandin man don devote many years 2 serve di communiti and has left an indelible legacy by doin communiti service without regard 4 personal gain.
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| | Golden Feather | Di award dey presented 2 di participant whose name symbolizes trust and wisdom.
Dere have always been users on di forum who stand out 4rm di crowd in writin style and objectivity, dose whose posts are always pleasant 2 read, and discussions wit dem bring satisfaction.
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| | Bitcointalk Ninja | Dey dey give award 4 exceptional contribution 4 development of Bitcointalk!
A person wey em activities dey extremely useful 4 di Bitcointalk communiti, or someone without whom u cannot imagine a forum. 4 dis category, di truly creative people are judge, and now na di time to determine di best!
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| | Bitcoin Geek | Dey dey give award 4 di participant wey u felt was di most helpful in di Bitcoin-related areas.
Tell us wch of your acquaintances is passionate about Bitcoin 2 di extreme, who can easily explain 2 u such nuances dat you did not even no about or who simply chose a ASIC 4 your grandma.
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| | Event 4 di Year | Wat event get di biggest impact on you?
Dis nomination is a tribute to di most notable events in di crypto community or di most significant 4 you personally. Dis is di third annual award, you go only nominate and vote 4 all significant events for 2022.
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| | Fail of the Year | Di most promisin event, wch brought lot of disappointment 2 di community. E dey much more pleasant 2 remember pleasant events, but nevertheless, e go be useful 4 us 2 draw conclusions in orda 2 avoid disappointments for di future. Wat was di most difficult thin 4 you 2 come 2 terms wit?
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| | Discovery
4 di Year | Perhaps one of di most unexpected but at disame time iconic categories, wch show dat di forum is alive.
Di award dey presented not only 2 novice Bitcoiners, but also 2 oda users who have been actively participatin in di life of did forum over di past year ... heck, you go even nominate your best Bitcointalk friend!
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| | SpamBusta | Dey dey give award 4 di volunteer user 4 deir invaluable contribution 2 maintainin orda on di forum.
We tend 2 think dat dis award is best suited 2 di most important figure among moderators & reporters or who contributes in every possible way 2 di suppression 4 fake activity in di threads.
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| | ScamBusta | Dey dey give award 4 an outstandin volunteer workin exclusively 4 di benefit of di community.
He adheres 2 a fairly strong moral codex, is a role model and consistently demonstrates an inexhaustible enthusiasm 4 identifyin abusers on Bitcointalk, (here [1] [2] you go fit no such users personally).
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| | Craft Masta | Dey dey give award 4 dose who sincerely love deir craft, whether e is professional activity or a hobby.
We tend to think dat dis award is best suited 2 di most significant figure among collectors, managers, escrows, designers or users who are so passionate about sports and p2p dat dey motivate oda to bets solely in BTC.
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| | Antihero | He neva wanted 2 bi a villain, but he don accept di rules 4 di game in wch he “plays black”.
Even "evil" get its own principles, so such a person is capable of anything, even if e does not benefit him. 😈
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| | Miss Bitcointalk | Although girls now dey minoriti 4 Bitcointalk, 5 to 1, dey are still wonderful, interestin and important to us. I understand dat choosin three winners 4rm among all our beautiful girls is problematic, but still we go try.
Who you think say deserves especially go be Miss Bitcointalk?
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| _________________ | _________________ | |
4 di most part, dis thread na 4 votin, 2 facilitate di countin of votes / di thread 4 discussion and agitation is here.
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Original Topic: There are 2^256 private keys out there: how big is that number?Author: fillippone
Yesterday I com discova di infamous keys.lol website wen I dey browse Bitcoin rabbit growing https://keys.lol(Warnung: Zeitverschwendung!) Basically na website e bi, wch randomly dey generates 128 private keys 4 each page and den checks account balance 4 di associated addresses ( and e does not compress ) in block chain, 2 dey report any positive account balances or transactions wey don past. Wow! If you go find a positive credit on dis client-side generated pages, you go actually own di private keys, so you go be di rightful owner 4 dis credit and notin go prevents you 4rm, transfer it 2 your own wallet. I spend plenty hours 4 dis website and I generate thousands of private keys, of course witout findin anythin, no even one address used, let alone one wit credit. Den I com start 2 dey think about am hw I go improve di process a little bit, and I dey talk to some oda users here in di forum, I think say we go have a script, generates di random private key, den asks 4 my own Bitcoin node 4 di credit at dis address and finally transfers di credit to my own wallet. Working locally go speed up di process a bit, I dey think so. I no say 4rm di start dat di ways to find something were tiny, but I want 2 try it becus if I dey look 4 credit and found nothin, I go be sure, dat nobody go do am disame wit my own bitcoins, wch I keep so carefully in my cold wallet. While wen I dey wait 4 @babo make e disclose his script, I think, "Fillippone na just a game ball in di game of life" ... hw is it dat nobody has ever think of am? Back in di rabbit farm, I quickly discovered di Large Bitcoin Collider https://lbc.cryptoguru.org/aboutWow, dat na serious project. Basically, thousands of distributed servers generate and check 26 trillion ( !!! ) of private keys. In di first three years, dey dey manage 2 find 7 private keys. Dat's a lot! I think say di chance go be much less, but dere is probably an error in a wallet dat uses a suboptimal random number generator to create keys. ( Further examinations go be required here! ) Make we take a quick look at some numbas: Numba of theoretically possible private keys: 2 ^ 256 or approximately 10 ^ 77 Numba of bitcoin addresses: 2 ^ 160 Numba of private keys searched by Bitcoin Collider: 2 ^ 160 Numba of atoms in di universe: 10 ^ 78 to 10 ^ 82 Numba of Bitcoin addresses used: 18.000.000 Di numba of private keys ACTUALLY possible, is a little bit smaller dan 2^256, as specified hereMake we work out a few examples. - Suppose we get a billion active addresses, each of dem wit a positive balance: we no dis na roughly 10^3 bigger dan di actual numba.
Probably di numba of atoms in di universe is 10^3 times bigger dan di number of addresses, so it is fair to say dat finding a private Key wit a positive amount is roughly as likely as finding one of dose atoms spread all over di whole visible universe.
How big is a billions of atoms? According to dis Quora answer, it’s smaller dan an E.Coli bacteria. So guess taking this bacteria, shred at atomic level, distribute it in the universe and trying to find one of those an atoms. Pretty tough, isn’t it?
- Second example is 4rm dis article. Suppose we wan to scan all private keys in search of a positive balance and suppose dat each inhabitant of di earth has a scanning speed one billion times higher dan twice di current computing power of di Bitcoin network, thus:
* 10 billion piple;
* multiplied by one billion;
* multiplied by twice di computing power of Bitcoin, about 100 thousand terahash per second;
we obtain: 1,000,000,000,000*1,000,000,000*100,000*100,0000,000,000 = 10^10*10^9*10^5*10^12 = 10^36
For simplicity, we dey round down ‘115,792,089,237,316,195,423,570,985,008,687,907,852,837,564,279,074,904,382,605,163,141,518,161,494,336’ to 10^77, and we obtained dat, if we dey check every single private key, in search of a positive balance, e go take 10^77/10^36 = 10^41 seconds, hw many years e be?
Since dere are about 31557600 seconds in a year, it corresponds to abot 10^41/31557600 = 31^33 years, wch is more or less 10^23 times di estimated age of di universe (currently estimated at 13.82 billion years), in short
100,000,000,000,000,000,000,000, i.e. about 100 billion billion times di age of di universe.
- All past example did nt account 4 di energy involved in such calculations. Of course all dose very powerful machines go need to be power by some kind of energy. Hw much energy go be necessary? Well, a lot, according 2 dis infographic:
Link 2 Reddit
Oda examples about hw much e go take to dey random guess a private key: Further references: Oda vey big numbas: Here are only little examples, if you get some additional resources or comment, do not hesitate to post am below and I go add 2 di list!
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Things dey happen for Naija wey I no understand, this one wey government wan finish us with inflation, I hope say him don prepare something for abi. Just now now I read it from daily trust wey costumer dey confirm am say him buy one litre of petrol for ₦617. See the link: https://dailytrust.com/breaking-fuel-price-climbs-to-n617-per-litre/Watin go be way forward for us wey no go benefits from minimum wage? |
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