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1  Local / Nigeria (Naija) / Bitcoin vs altcoins-projected marketcap. on: December 17, 2023, 07:27:14 PM
Original topic:Bitcoin vs altcoin~projected marketcap

Author:1miau

Base on how we they think say this thing go be, na so e they very important make we know how to review the market capitalizations wey they cryptocurrency. Because the wey the market capitalization go only incompletely comeback if a cryptocurrency they fit as a better store wey go get value for long term.
Current market capitalisation  they very betrayal, especially if na shitcoin- make we be careful.


Current market capitalisation vs. projected market capitalisation

If we they consider market capitalisation, make different they between current market capitalisation and project market capitalisation.

Currently market capitalization: they only put coins wey don entered place wey coins they supply. All coins they increase by coins wey they add we no they consider them for here.

E very important make we know.

Circulating supply:
current circulating supply (Also  they include e no they easy reach people no fit get access to those coins, such as coins wey there private key don lost)

Total supply:
Current numbers of coins wey they exist, Including coins that don already exist but the people wey develop that coins block am,(e.g XRP) or coins wey they never mine. Coins wey don burn no go they part of them, because them no they exist again.

Max(imum) supply:
The final (caped) maximum number of coins wey don exist. Coins they wey be say their total supply and maximum supply na the same.

Infinite supply:
Some coins they wey nobody they in charge of  their supply at all and more coins go they come always like that.
For that kind of coins, make we they look up to them well well, make we know how many of them go they flow, for some time. Because that type of coins they very risk of massive inflation( their price they later go very high)

Make we put in our mind that when a circulating market capitalization come, because e they very misleading, base on say e go con represent another temporary coins wey go con they in circulation and e fit be say another new coins go come in to existence later.

E fit be more reliable to think about to adjusted market capitalizationwhere we go con they always choose a time in the future and look for what a specified circulating supply and the resulting market capitalization go look like.

= > adjusted market capitalization= time wey we choose in the future (for example 2050) and the we go compare  how the projected circulating and the resulting market capitalization go look like between or two or more coins.


For example.

For example, e they clear say bitcoin go roughly enter 20,980,000 Bitcoin in circulation in 2050, wey be say at current e they $20,000, the result wey we wan modify markets capitalization of approximately $420,000,000,000.Compare to the condition wey the market of capitalization they, of approximately 382,800,000,000 USD (at 19,140,000 BTC), e go fit be a different of just less than %10 of how the current market be. And if the number they go close to 0 e go they make more sense make and wetin we they store go they get value. Almost other one wey they do competition with bitcoin get important go con get important number wey high for here.


Example Polkadot:
Polkadot don consider coin wet get high inflation base on nPos (wey be say almost dPos). And base on how the current source be, Polkadot  they rise reach around %10 every year.  E depend on money wey Polkadot staked. But normally e be around %10 every year.  In addition, if inflation too much for Polkadot e they circulate back to people wey found the Polkadot, even if they staked different Polkadot. And the polkadot wey they don seized. Which they fit use am or burned am by the people wey developed Polkadot.

And again, na only few sources they available about Polkadot inflation. Since the time wey they make statement for their main source con reduce for the first year or e be like say Polkadot completely delete many sources wey they available. Like this one https://w3f-research.readthedocs.io/en/latest/polkadot/economics/1-token-economics.html#inflation-model e no they available again.

And e no suppose be like that
Some of their information just they their dependent sites wey they analyze Polkadot documents, the time wey they still they up, like this one https://www.coinbase.com/de/cloud/discover/solutions/polkadot-token-economics.

Now like this Polkadot get a circulating supply wey be approximately 1,150,000,000 Polkadot for a price of $7.36 for any polkadot, wey result in a current market capitalization for approximately $8,464,000,000.

Make we assume say 10% annual inflation for Polkadot, the amount wey Polkadot go they go increase toabout 16,500,000,000 Polkadotby 2050, and e go be 12X if you compare am to price wey the coin they now.
For current price wey e they $7.36 per Polkadot, so e go be an adjusted market capitalization approximately $120,000,000,000, and e go they disturb some people 1400 percentpass today’s market capitalization.

Make I remind una: bitcoin just they under 10% for here.
Anybody wey know how the market they go, fit only conclude say the price for Polkadot go fit go down well well by 2050.

Look market capitalisation wey they the same in 2022 vs the one wey go be in 2050, each Polkadot go reduce from $7.36 today to $0.51 (!) in 2050.

Las las: Polkadot na shitcoin wey they increase well well in the place where plenty numbers of Polkadot they come into circulation in the future we go reach the staker.
The price per Polkadot coin go con drop well well, if we they look at Polkadot adjusted market capitalization ( for example 2050)


Summary
Las las we fit talk say for solid coins, like bitcoin, current market capitalization and market wey they adjust market capitalization they near well well. For shitcoins wey they price they increase well well, current market capitalization and adjusted market capitalization no they near.


Predictability of projected market capitalisations

Predictability wey they adjusted market capitalization means say if we fit do am to find out if the amount of a certain cryptocurrency wey they circulation go con be known by people in the future. We go need the number of the coins so that e go fit give us how we go take classify the market capitalization in the future.

If we no go fit predict the number of coins wey go they in circulation in cryptocurrency market even in 20 years, then we go talk say that cryptocurrency nah dangerous coin or we go talk say we no fit talk about am, and na him be the main thing wey go make us avoid cryptocurrency. Because people wey develop altcoin don already know why them no they allowed people no that kind important information.

If we no they fit talk about the market capitalization, then that mean say we just they buy and keep something wey we know no about be that.

Lesson wey this topic they teach: we wan analyze the long term assessment for cryptocurrencies make we know their value for storing them, by evaluating their market capitalization- and if the altcoin go fit reach or compare to match the leader wey they market and na him be bitcoin.
2  Local / Nigeria (Naija) / List of useful bitcoin block explorers on: November 06, 2023, 11:26:56 AM
Author: GazetaBitcoin
Original Topic: List of useful Bitcoin block explorers




I don gather some of the most famous (the ones wey The extra space is between) and the bitcoin block explorer including column wey they support quality like showing native SegWit bech32-addresses or wey go give us the chance to sabi the transaction wey they go out from fixed segwit P2SH addresses. And finally I don test am how each useful block explorer is. As the rating dey good, naso detailed wey the explorer go dey.

Bitcoin block explorers *:

Name (link)Bech32 / Bech32m (P2TR) supported?SegWit (P2SH) identifiable?**Usefulness (subjective rating) Tongue ***Works without JS?Rated by
______________________________________________________________________________________________________________________________________________________
Blockchair.comYes (09/2019) / Yes (05/2022)Yes (09/2019)8 / 10 PointsYes1miau
Arkham ComputerYes (09/2024) / Yes (09/2024)Yes (09/2024)8 / 10 PointsNobullrun2024bro / cygan
Trezor Bitcoin ExplorerYes (11/2019) / Yes (05/2022)Yes (11/2019)7.5 / 10 PointsPartially****Saint-loup
mempool.spaceYes (10/2020) / Yes (05/2022)Yes (10/2020)7.5 / 10 PointsNoSFR10
OKLinkYes (08/2022) / Yes (08/2022)Yes (08/2022)7.5 / 10 PointsNoSFR10
bitaps.comYes (09/2019) / Yes (05/2022)Yes (09/2019)7 / 10 PointsNo1miau
CloverPoolYes (09/2019) / Yes (05/2022)Yes (09/2019)7 / 10 PointsNo1miau
chainflyer.bitflyer.jpYes (12/2019) / Yes (05/2022)Yes (12/2019)7 / 10 PointsNoAlveus
BitcoinWho'sWhoYes (09/2022) / Yes (09/2022)Yes (09/2022)7 / 10 PointsNoGazetaBitcoin
BitcoinExplorerYes (08/2022) / Yes (08/2022)Yes (08/2022)7 / 10 PointsPartially****SFR10
bitqueryYes (09/2022) / Yes (09/2022)Yes (09/2022)7 / 10 PointsNoRizzrack
TokenViewYes (09/2022) / Yes (09/2022)Yes (09/2022)7 / 10 PointsNoajiz138
BitInfoChartsYes (09/2022) / Yes (04/2023)No (09/2022)7 / 10 PointsPartially (see Comments)ajiz138
BitRefYes (04/2020) / Yes (11/2022)Yes (12/2023)7 / 10 PointsNocloxy
3xplYes (05/2024) / Yes (05/2024)No (05/2024)6.5 / 10 PointsYesSFR10
SoChainYes (09/2019) / Yes (05/2022)Yes (09/2021)6 / 10 PointsNo1miau
Blockcypher.comYes (09/2019) / Yes (05/2022)Yes (04/2023)6 / 10 PointsPartially****1miau
cryptoIDYes (12/2019) / No (10/2022)Yes (12/2019)6 / 10 PointsNoSFR10
CoinExYes (09/2019) / No (10/2022)No (09/2019)6 / 10 PointsNo1miau
BtcscanYes (08/2022) / Yes (08/2022)Yes (08/2022)6 / 10 PointsYesSFR10
Blockchain.comYes (11/2019) / Yes (10/2022)Yes (12/2019)5 / 10 PointsPartially****1miau
BitcoinBlockExplorerYes (08/2022) / Yes (08/2022)No (08/2022)5 / 10 PointsNoSFR10
AtomicYes (08/2022) / Yes (08/2022)Yes (07/2024)4.5 / 10 PointsPartially****SFR10
LearnmeabitcoinYes (10/2022) / No (10/2022)Yes (07/2024)4.5 / 10 PointsPartially****SFR10 [Previously by ajiz138]
YoghYes (10/2022) / Yes (10/2022)Yes (04/2023)4 / 10 PointsNoajiz138
Blockexplorer.oneYes (12/2019) / Yes (10/2022)No (12/2019)3 / 10 PointsNoLTU_btc
BlockpathYes (12/2019) / Yes (05/2022)No (12/2019)3 / 10 PointsNoSFR10
AnonTransferYes (10/2023) / No (10/2023)No (10/2023)2 / 10 PointsNoSFR10
BlockstreamYes (11/2019) / Yes (05/2022)Yes (11/2019)2 / 10 PointsYespooya87
InsightYes (12/2019) / Yes (05/2022)No (12/2019)1 / 10 PointsNoSFR10
Walletexplorer.comYes (09/2022) / Yes (05/2022)No (09/2019)0 / 10 PointsYes1miau

*After we don assess our table setup, we don analyzed some changes and after doing a survey, we don agreed to they implement these changes.
You go still find our old table layout here.


**BTC addresses starting with "3" wetin them be? Simple explanation.

***You go fit move your mouse over any score, a sign go comot with more information, where you go see some comments come up by members wey suggest each Block explorer. Hang format for comments was suggested by SFR10 here.


****E get some things wey no dey show or work, but mostly dem dey work fine.


PrivacyG don make list of all Block Explorers above working without Java Script. You can find PrivacyG contribution here to find out more about it.










Removed Blockexplorers

All Block explorers wey we removed from our list.

Name (link)Bech32 supported?SegWit (P2SH) identifiable?*Usefulness (subjective rating Tongue)Rated byWhy removed
___________________________________________________________________________________________________________________________________________________________________________________________


Learnmeabitcoin (Removed 10/2023)Yes (10/2022) / No (10/2022)No (10/2022)5 / 10 Pointsajiz138inactive
CoinCap (Removed 10/2023)Yes (10/2020) / No (10/2022)No (10/2020)4 / 10 PointsSFR10inactive
Localbitcoinschain.com (Removed 10/2023)Yes (12/2019) / No (10/2022)Yes (12/2019)5 / 10 PointsSFR10inactive
SmartBit (Removed 2021)Yes (10/2019)No (10/2019)6 / 10 Points1miauinactive
Coinmarketcap Block ExplorerYes (09/2019) / Yes (05/2022)No (09/2019)4 / 10 Points1miauNo longer supporting BTC, only Binance coin...
Bitcoinchain.com (Removed 9/2022)Yes (11/2019) No (11/2019) 2.5 / 10 PointsLafu e no they get maintenance again
Blockexplorer.com (Removed 9/2022)No (09/2019)No (09/2019)1 / 10 Points1miaunon-Bitcoin related
Bitcoin.com (Owner: BCash), (Removed 2021)No (09/2019)No (09/2019)0 / 10 Points (avoid)1miauRemoved because e they change to Blockchair
Crystal Explorer (Removed 10/2022)Yes (09/2021) / Yes (05/2022)No (09/2021)0 / 10 Points (avoid)SFR10Removed because operations are suspended
Spiral/Blyss (Removed 01/2024)Yes (09/2022) / Yes (10/2022)No (09/2022)x / 10 PointsSFR10Removed because operations are suspended
OXT (Removed 07/2024)N/A / N/AN/AN/AhugeblackRemoved because operations are suspended





I don include a poll and if you want, please you fit leave a vote for block explorer wey be the one wey you like pass. Everybody go get 2 votes, you go fit revise it at any time, like if the explorer wey you vote as the you like pass con get any change or quality wey make you like am pass get removed/added or when e no con they online.


Different other sites / .onion links:


SiteDescriptionSuggested by
________________________________________________________________________________________________________________________________________________________________________
.onion link mempool space.onion link for mempool.space20kevin20
Blockchain 3DImpressive tool for 3D visualisation (download necessary)yazher
TxflowTx flow visualisationajiz138
http://explorerzydxu5ecjrkwceayqybizmpjjznk5izmitf2modhcusuqlid.onion/ (V3) Deep web explorershugeblack
Historical analysis of Bitcoin addresseshugeblack
https://github.com/janoside/btc-rpc-explorerBlock explorer for self-hostinghugeblack
Timechain CalendarDisplaying different Blockchain-related metrics, future Bitcoin block projectionscygan
BitfeedSearching for TX ID, block height, offering a breakdown tree feature for related infoSFR10
3xplAn open-source explorer wey better UI and plenty of various tools (e.g. data dumps, APIs, events, and charts) for people wey like to they analyze stuffSFR10





If you know any other block explorers wey I miss for my list, post am here we go rate am directly. You fit use the following code:

Code:
[table]
[tr]
[td]Name (link)[/td]
[td]Bech32 / Bech32m (P2TR) supported?[/td]
[td]SegWit (P2SH) identifiable?**[/td]
[td]Usefulness (subjective rating) :P ***[/td]
[td]Works without JS?[/td]
[td]Rated by[/td]
[/tr]

[tr]
[td]________________________[/td]
[td]________________________________[/td]
[td]_________________________[/td]
[td]_________________________________[/td]
[td]____________________[/td]
[td]________________[/td]

[/tr]

[tr]
[td][url=xxx]xxx[/url][/td]
[td]Yes / No (xx/2022) / Yes / No (xx/2022)[/td]
[td]Yes (09/2019)[/td]
[td][b][color=black]x / 10 Points[/color][/b][/td]
[td][b]Yes/No[/b][/td]
[td]Your name[/td]
[/tr]

[/table][/code
3  Bitcoin / Bitcoin Technical Support / What are segwit's benefits and overall goals? on: August 20, 2023, 10:35:36 AM
I am currently learning about SegWit and trying to understand what it is used for. It is clear to me that it was primarily introduced to overcome txid malleability, but if it’s overcoming txid malleability, as the main reason why SegWit was introduced, is no longer the main advantage of SegWit (since it can also be overcome without SegWit), what is? And what are the other advantages and purposes of SegWit in general? I just came across it, and I want to know more about it, so any explanation is welcome.
4  Bitcoin / Bitcoin Technical Support / Using a constant difficulty, is it possible to create the longest chain? on: August 06, 2023, 08:27:58 AM
I think the miners will be able to determine the length of a blockchain after they have completed their task, so now what I want to know is: Can the miners obtain the longest chain by maintaining the low constant difficulty?

Or will it not function until they produce a large number of blocks and then alter timestamps to maintain the constant difficulty, at which point they will be able to obtain a longer chain than the one that is already in place?

I recently came across this while reading about the technical side of bitcoin technology, and I need further explanation because it confuses me.
5  Bitcoin / Bitcoin Technical Support / Explanation about digital signature on: August 01, 2023, 08:38:13 PM
I came across something today while doing some research. I came across something called "digital signature," which I do not understand and need more explanation on that, please.
 
What is this digital signature all about, and what is it used for in bitcoin technology?
 
And if I want to use this digital signature, where can I use it, or what will I do in bitcoin technology that will require me to use a digital signature? And then how does a digital signature work?
 
Thank you all; all answers will be appreciated.
6  Bitcoin / Bitcoin Technical Support / My decision. on: July 19, 2023, 08:35:01 PM
Today I made the decision to understand more about the technical side of bitcoin, and when I got there, I discovered something called a magic byte. Before I continue with my studies, I bring it up since I don't comprehend it. Please provide some clarification regarding the following:

What is a "magic byte," what does bitcoin technology utilize it for, and is there anything magical about it before using it? I don't understand it well even though I can see why it's termed a "magic byte," so if possible, provide me more information. Before learning more about other aspects of the technical side, I want to know everything there is to know about it.

And if I wanted to use it, what would I need to do in bitcoin technology to use magic byte? Is it When holding bitcoin in a non-custodian wallet or for transactions, is it necessary?.
7  Other / Beginners & Help / A quick reminder on how to get full information about your account using BPIP on: May 26, 2023, 11:21:40 AM
Since we have new members joining this forum on a daily basis, I believe it would be a good idea to remind them of a way to check their merits over the previous 120 days, as I am sure some forum members find it difficult to manually count their merits, unless they use BPIP Extensions. I believe that using the manual technique would be inefficient since it would take too much time from us and we might get confused while calculating, but this method merely requires you to search for your username, which would disclose your profile's details.

Although I believe that some people still use the manual method of counting their merit, I think that if we use the method I'm about to provide, it will be simpler for us to know our merit count as well as other information like the actual number of merits we sent out and the number of merits we received.

You may find out who the forum user with the highest merits is, as well as the forum user with the highest level of activity and the most trusted person on the forum's trust list Here.

Screenshot 1.
This is how it looks when you enter your browser and search for this link, press the plus sign, and enter your bitcointalk username.


Second screenshot will show you your profile information and your merits count.


Although I know that so many users are used to these links, I just want to drop this as a reminder because some users do find it difficult to count their merit in the last 120 days when applying for signature campaigns.
8  Other / Beginners & Help / Be aware of what to do as a new user to prevent losing your account. on: April 23, 2023, 08:48:29 PM
Considering that the number of banned accounts is increasing daily and over time, I want to take this opportunity to offer advice to new users of bitcointalk.org. I'm not sure why this is the case, but I believe it is because of a few factors that I want to discuss right now.

1. Lack of proper forum knowledge: At this point, I'm sure the majority of people join these forums without having a thorough understanding of how bitcoin and other cryptocurrencies work. Instead of asking questions when they don't understand something, they instead copy someone else's ideas and claim them as their own, which is bad and against the forum rules.

2: Technical board: Most of the banned accounts I've seen in the forum were barred from replying to a topic in the technical board, and I suspect that these accounts had plagiarized by copying content from the internet and pasting it there. The technical board is not appropriate for new users who have just joined the forum to learn about bitcoin and other cryptocurrencies. The only thing a novice who is unfamiliar with bitcoin should do there is to just ask technical questions, not to respond because you don't understand what is being said.

3. Greed: As a newcomer, you don't have to be greedy about anything; simply ask questions if you don't understand something. This is one of the most significant roles these forum play when it comes to bitcoin and other cryptocurrencies.

All of what I've said here is merely what I've noticed from the banned accounts I've seen in the past; if you're a newcomer and want to post something here, you need to conduct your own research (DYOR) and comprehend the subject matter. There is a link you must use to ensure that your post is original; perhaps new users are unsure of how to use it or are unwilling to boarder. To determine whether your article contains any plagiarism, visit https://1text.com.
Thank you. I'm open to any more comments that might prevent too many accounts from being banned from the forum.




9  Other / Beginners & Help / Don't invest money you can't afford to lose out of greed. on: April 10, 2023, 05:44:38 PM
I've noticed that a lot of people are entering the cryptocurrency sector to invest in one or two projects because they've heard that bull run is on away coming and that have  many  people have plans to invest a sizable sum of money in some way to ensure they don't miss the opportunities.

I want to use this opportunity to warn newbies not to be deceived by the idea of becoming wealthy quickly by investing a sizable sum of money that they cannot afford to lose in the cryptocurrency industry. They should be aware that no any crypto advisor will advise anyone to invest their entire life savings in any project that it will do 10x, since nobody can predict the future of crypto industry, and with that  anyone who claim so, is a lier.

In fact, I would advise newbies to stay away from altcoins and only invest in Bitcoin in order to be on the safe side of the game, as there will be many shitcoins that will not recover after this bear market.

As a beginner, don't be overly eager to invest in any project without conducting your own thorough research.
10  Bitcoin / Development & Technical Discussion / How does HD wallet operate? on: April 07, 2023, 10:42:32 AM
When I was looking at bitcoin wallets to understand more. As a result of my discovery of Hierarchical Deterministic Wallets (HD wallets), I can see how all keys are generated from a single source using HD wallets. Now, I have a query: With the existence of other wallets, why do we utilize this HD wallet?
2 Is it a more stronger wallet than the one we all typically use?
3 how does these HD wallets works. And what are the differences between extended keys and mnemonic seed?
I brought it up since I don't understand these. Thank you
11  Bitcoin / Development & Technical Discussion / More explanation on how mining difficulty can be solve. on: April 03, 2023, 10:11:37 AM
I learned that there is a mechanism in place for bitcoin mining to control how long it takes to mine a block, but I'm intrigued as to which those the  mechanisms are and how they can be used to mine bitcoin.

Secondly, Is difficulty required before mining? When will the puzzle change and how will the difficulty regulate the period of time between blocks.

I'm confused by these, and I need more clarification. Thanks
12  Alternate cryptocurrencies / Altcoin Discussion / More clarification about ethereum network on: March 26, 2023, 08:53:23 AM
I kept reading to learn more about the Ethereum network. I learned that Ethereum policy permits the network to include some other unique projects and tokens. Since Ethereum's launch, many other projects and tokens have been added to the network. For example, ERC-20 and ERC-721 have been created to enable these tokens to operate within the Ethereum network.

First: I want to know what those tokens are for. Furthermore, why is it produced on the Ethereum network?

Second, what is the actual function of the ERC-20 and ERC-721 on the Ethereum network?
13  Bitcoin / Bitcoin Discussion / Bitcoin forks, bitcoin cash and bitcoinSV on: March 25, 2023, 03:58:32 AM
Bitcoin forks happen when there is some new change to the current protocol and it is used to add new features, and  also used to prevent any other thing that will allow bitcoin to be hacked. In these kinds of situations, consensus needs to be applied before the changes; if not, the blockchain may be permanently split, which may lead to the birth of new blockchains like bitcoin cash and bitcoinSV.

Bitcoin cash , It also has bitcoin in its name , but it is not the same as the bitcoin that I am familiar with. Bitcoin cash is another type of cryptocurrency that was created by another group of people who wanted to increase the amount of transactions in each block to 32MB, and  speed up the transaction level to nearly 21 times, and lower the costs.

Even though there are some minor differences between Bitcoin cash and original bitcoin, the prices of both tell a different story, and bitcoin cash has a small value when compared to original bitcoin, even though some users may consider using bitcoin cash instead of bitcoin, but it is centralized than the original bitcoin which goes against bitcoin decentralization ideas.
Furthermore, the team behind Bitcoin cash has been identified, whereas the original bitcoin remains anonymous.

While bitcoin cash struggles to handle 32MB per block, the original bitcoinSV has split the block to 128MB. Which is also another distinction between the two.

The developers were far from finished with the process when BitcoinSV received the 'Qasar' protocol upgrade, which increased the block size from 128MB to 2GB.

This is all I have to say about bitcoin cash and original bitcoin. I welcome any further discussion on the subject.
14  Other / Beginners & Help / Some of the most common mistakes we make as beginners, and how to avoid them. on: March 14, 2023, 10:52:15 AM
I'd like to take this opportunity to share some very important advice with my fellow newcomers in this community, because since joining, I've learned a lot and gained some experience, and I'm confident that if my fellow Newbies get it right, the forum will be the best place they've ever been.

* As a newcomer to bitcoin/cryptocurrency and this community, you must abide by the forum's rules and regulations. This is why the vast majority of newcomers visit these forums only to leave once they realize they can't follow the forum's rules and regulations; whereas the rules are laid out to have a standard forum, protect the forum from any obstacles, and maintain the forum's reputation.

* Some people believe that these forums are simply places where we can come and succeed in life if we participate in them. This is not the case; if you come here expecting to make quick money, you may end up not learning much in the forum, and you won't be able to enjoy a better investment in bitcoin without the fundamental knowledge.

Some basic tips we beginners need to take into consideration to avoid costly mistakes

1. High quality post: One of the most important skills to learn in these forums is how to write meaningful content. If you can't write good content as a newcomer, you would be considered a shitposter in the forum and end up with nothing in your posts. I'm still not sure what a quality post is because there's so much content on this topic with different definitions. All I can say is that we beginners should avoid spamming by making our content meaningful.


2. Plagiarism: As we all know, plagiarism is unacceptable anywhere, including bitcointalk.org. If you do plagiarism and they catch you, you will be permanently banned, regardless of your forum rank, and this is what is affecting those of us who are new to the forum. Most of the time, we fail to read the forum rules until we commit an offense and are punished; Therefore, beginners need to avoid Plagiarism.

3. Inadequate understanding of cryptocurrency: The majority of newcomers to cryptocurrency do not understand it well enough to profit from it. If you don't understand how cryptocurrency works, you risk losing your assets quickly. You must learn from the forum thoroughly before investing in Bitcoin or cryptocurrency in order to reduce risk.

Finally, I intend to create this thread based on the little experience I have gained from the forum. I decided to share the mistakes I have observed we beginners making that have been affecting us in the forum.
I welcome corrections and additional suggestions.
15  Bitcoin / Development & Technical Discussion / My consternation regarding the monitoring of Bitcoin transactions. on: March 12, 2023, 07:03:40 AM
I asked other cryptocurrency users if bitcoin transactions could be tracked. Some of them say yes, but they don't explain how it can be tracked, and from what I read, all unconfirmed bitcoin transactions are sent to the mem-pool before the miners take it and mine it, then it is confirmed and added to the blockchain, so how do we know where and how bitcoin transactions can be tracked? When I went on to read more, I discovered two things: Dash and Monero. These have me perplexed; are they using them to track bitcoin transactions in another way? If so, how and why?

What is the distinction between Dash and monero?
16  Bitcoin / Development & Technical Discussion / What if all of the miners get the same answer? on: March 08, 2023, 07:34:59 PM
I researched bitcoin mining in depth. I realized that miners are competing to get the lucky solution by solving mathematical puzzles, but there is something behind these that I don't understand. Since there are many miners competing with each other, what's confusing me now is that what if these miners get the same answer at the same time?
17  Bitcoin / Development & Technical Discussion / Why is Bitcoin transactions in batches? on: March 07, 2023, 09:18:45 AM
I've been a member of this forum for a while and I'm still learning new things about how bitcoin transactions work. Because I've noticed that bitcoin is sent and received in batches, my current question is about this.
What should I do if the total of those batches exceeds the amount I intend to send?
And why is it necessary to send and receive data in batches when other options are available?
This is beyond my comprehension, which is why I'm bringing it up.
18  Bitcoin / Development & Technical Discussion / More clarification about Memory pool and Candidate block on: February 26, 2023, 08:14:10 AM
Hello to everyone.
Because I'm new here, I decided to do some research to learn more about bitcoin and cryptocurrencies, and I discovered two things.

• Memory pool
• Candidate block

I bring this up for more clarification because I'm not sure about these two things.

*I'm curious how the memory pool works and why there is only one temporary storage location for bitcoin at the moment.

*I need more information about this candidate block because it's confusing me.

Then please what is the difference between the two.
19  Other / Beginners & Help / Avoid altcoins and shitcoins because they cannot be stored personally. on: February 12, 2023, 10:07:26 AM
I'm a newbie who joined this forum to learn more about the performance of cryptocurrencies as investments, particularly the role played by the Bitcoin blackchain in other cryptocurrencies' strong security. being a member of this forum for some time and reading the forum to learn it thoroughly. I discovered a lot of new information, particularly in areas of decentralized and centralized exchange. However, that is not the main reason I decided to write this brief article.

When they keep telling us, especially newcomers, to avoid altcoins and stick with Bitcoin, it's all about the difference between decentralized and centralized exchanges.

As a newcomer, I assumed that altcoins could also be stored in non-custodial wallets, but I later discovered that only Bitcoin could be stored in non-custodial wallets such as electrum, Exodus, and the Ledger Nano X. If we can't store our coins in a non-custodial wallet where we have full control over them, why should we buy other coins or tokens where we don't have full control just because exchanges give us half power over our investments? So, if you own other coins or tokens, you don't have much control over your crypto investment because exchanges can bring any laws that may affect you in the future or even steal it.

I can't give advice because I'm not knowledgeable enough to give it to a newbie, but with this little write up, I'd like to advise my followers newbies to stay away from all other coins and tokens except Bitcoin, and if anyone is holding Bitcoin in exchanges, he/she should try to move it out of exchanges for proper storage.
20  Local / Nigeria (Naija) / Advice for naija people on: January 11, 2023, 07:07:35 AM
We should please Mind wetin we go talk as these election don near, election will come and go we'll all move on with our lives but we choose to be tribal bigot because some of us dey get some certain things from a particular person for the country and people they praise you, make we they wise and think as everyone of us get right to vote for who he/she like, choose better person to make things good for us.
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